Technology
Weibo Announces Second Quarter 2026 Unaudited Financial Results
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16 minutes agoon
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HONG KONG, Aug. 19, 2026 /PRNewswire/ — Weibo Corporation (“Weibo” or the “Company”) (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.
“We delivered a solid quarter,” said Gaofei Wang, CEO of Weibo. “On the user front, with our continued efforts to improve user quality and drive user retention through information feed revamp, we saw solid engagement among our core users and increased consumption in the information feeds. Video consumption continued to improve, supported by better content distribution within our revamped feed and increased supply of high quality contents. On the monetization front, we focused on bringing Weibo’s unique value on content marketing to more advertisers and enhancing advertising performance through AI integration. We saw solid performance of certain pillar industries and good momentum of celebrity marketing. On the AI front, we made solid progress in the integration of AI to enhance our product, content and monetization systems.”
Second Quarter 2026 Highlights
Net revenues were US$453.8 million, an increase of 2% year-over-year or a decrease of 4% year-over-year on a constant currency basis [1].Advertising and marketing revenues were US$381.0 million, a decrease of 1% year-over-year or a decrease of 6% year-over-year on a constant currency basis [1].Value-added services (“VAS”) revenues were US$72.9 million, an increase of 19% year-over-year or an increase of 12% year-over-year on a constant currency basis [1].Income from operations was US$118.9 million, representing an operating margin of 26%.Net income attributable to Weibo’s shareholders was US$67.4 million and diluted net income per share was US$0.26.Non-GAAP income from operations was US$125.4 million, representing a non-GAAP operating margin of 28%.Non-GAAP net income attributable to Weibo’s shareholders was US$102.7 million and non-GAAP diluted net income per share was US$0.38.Monthly active users (“MAUs”) were 561 million in June 2026.Average daily active users (“DAUs”) were 254 million in June 2026.
[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the second quarter of 2026 was the same as it was in the second quarter of 2025, or RMB7.23=US$1.00.
Second Quarter 2026 Financial Results
For the second quarter of 2026, Weibo’s total net revenues were US$453.8 million, an increase of 2% compared to US$444.8 million for the same period last year.
Advertising and marketing revenues for the second quarter of 2026 were US$381.0 million, a decrease of 1% compared to US$383.4 million for the same period last year. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$341.8 million, a decrease of 2% compared to US$347.6 million for the same period last year. The decrease was primarily due to the descending trend of advertising demands from handset and online game sectors year-over-year, and was partially offset by increase of advertising revenues from internet service and automobile sectors as well as favorable foreign exchange impact on the reported numbers from the overall appreciation of RMB against the U.S. dollar (“foreign exchange impact”) on a year-over-year basis. Advertising and marketing revenues from Alibaba were US$39.2 million, an increase of 10% compared to US$35.7 million for the same period last year. The increase was primarily attributable to the favorable foreign exchange impact on the reported numbers on a year-over-year basis and a modest increase in advertising demands from Alibaba mainly due to its AI application promotion.
VAS revenues for the second quarter of 2026 were US$72.9 million, an increase of 19% compared to US$61.4 million for the same period last year, primarily attributable to additional revenues of one-off ticket proceeds from off-line activities held by Weibo, and solid growth from membership service as well as favorable foreign exchange impact on the reported numbers on a year-over-year basis.
Costs and expenses for the second quarter of 2026 totaled US$335.0 million, an increase of 12% compared to US$299.2 million for the same period last year, mainly due to the increases in ad production costs and marketing expenses.
Income from operations for the second quarter of 2026 was US$118.9 million, compared to US$145.6 million for the same period last year. Operating margin was 26%, compared to 33% last year. Non-GAAP income from operations was US$125.4 million, compared to US$161.8 million for the same period last year. Non-GAAP operating margin was 28%, compared to 36% last year.
Non-operating loss for the second quarter of 2026 was US$27.8 million, compared to non-operating income of US$12.8 million for the same period last year. Non-operating loss for the second quarter of 2026 mainly included (i) loss from fair value change of investments of US$22.8 million, which was excluded under non-GAAP measures; and (ii) net interest and other loss of US$5.1 million.
Income tax expenses for the second quarter of 2026 were US$23.0 million, compared to US$31.7 million for the same period last year. The decrease in tax expenses was mainly due to lower income before tax in the second quarter of 2026 compared to the same period last year.
Net income attributable to Weibo’s shareholders for the second quarter of 2026 was US$67.4 million, compared to US$125.7 million for the same period last year. Diluted net income per share attributable to Weibo’s shareholders for the second quarter of 2026 was US$0.26, compared to US$0.48 for the same period last year. Non-GAAP net income attributable to Weibo’s shareholders for the second quarter of 2026 was US$102.7 million, compared to US$143.2 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo’s shareholders for the second quarter of 2026 was US$0.38, compared to US$0.54 for the same period last year.
As of June 30, 2026, Weibo’s cash, cash equivalents and short-term investments totaled US$2.64 billion. For the second quarter of 2026, cash provided by operating activities was US$50.5 million, capital expenditures totaled US$3.1 million, and depreciation and amortization expenses amounted to US$15.7 million.
Conference Call
Weibo’s management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on August 19, 2026 (or 7:00 PM to 8:00 PM Hong Kong Time on August 19, 2026) to present an overview of the Company’s financial performance and business operations.
Participants who wish to dial in to the teleconference must register through the below public participant link. Dial-in and instructions will be provided in the confirmation email upon registering.
Participants Registration Link:
https://register-conf.media-server.com/register/BI4542e6edec00491e9198327b87da5adb
Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com.
Non-GAAP Financial Measures
This release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo’s shareholders, non-GAAP diluted net income per share attributable to Weibo’s shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company’s financial performance prepared in accordance with U.S. GAAP.
The Company’s non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, net results of impairment and provision on investments, gain/loss on sale of investments and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax effects related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans. Adjusted EBITDA represents non-GAAP net income attributable to Weibo’s shareholders before interest income/expense, net, income tax expenses/benefits, and depreciation expenses.
The Company’s management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company’s ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company’s current financial results with the Company’s past financial results in a consistent manner, and (ii) in understanding and evaluating the Company’s current operating performance and future prospects in the same manner as management does. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains/losses and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.
Use of non-GAAP financial measures has limitations. The Company’s non-GAAP financial measures do not include all income and expense items that affect the Company’s operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company’s non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled “Unaudited Reconciliation of Non-GAAP to GAAP Results.”
About Weibo
Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.
Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conforms to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology, such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “confidence,” “estimates” and similar statements. Among other things, Weibo’s expected financial performance and strategic and operational plans, as described, without limitation, in quotations from management in this press release, contain forward-looking statements. Weibo may also make written or oral forward-looking statements in the Company’s periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, Weibo’s limited operating history in certain new businesses; failure to sustain or grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company’s quarterly operating results; the Company’s reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company’s investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo’s annual reports on Form 20-F and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.
Contact:
Investor Relations
Weibo Corporation
Email: ir@staff.weibo.com
WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars and in thousands for shares, except per share data)
Three months ended
Six months ended
June 30,
June 30,
June 30,
June 30,
2025
2026
2025
2026
Net revenues:
Advertising and marketing
$ 383,352
$ 380,974
$ 722,458
$ 750,729
Value-added services
61,446
72,852
119,195
124,422
Net revenues
444,798
453,826
841,653
875,151
Costs and expenses:
Cost of revenues (1)
103,451
129,804
192,253
247,547
Sales and marketing (1)
109,747
118,752
205,557
231,049
Product development (1)
78,068
75,425
154,089
148,922
General and administrative (1)
7,962
10,986
33,874
17,853
Total costs and expenses
299,228
334,967
585,773
645,371
Income from operations
145,570
118,859
255,880
229,780
Non-operating income (loss):
Investment related income (loss), net
(3,112)
(22,755)
5,245
(57,786)
Interest and other income (loss), net
15,945
(5,088)
29,691
(29,972)
12,833
(27,843)
34,936
(87,758)
Income before income tax expenses
158,403
91,016
290,816
142,022
Less: Income tax expenses
31,705
22,958
55,996
38,630
Net income
126,698
68,058
234,820
103,392
Less: Net income attributable to non-controlling interests
429
391
763
815
Accretion to redeemable non-controlling interests
584
290
1,408
485
Net income attributable to Weibo’s shareholders
$ 125,685
$ 67,377
$ 232,649
$ 102,092
Basic net income per share attributable to Weibo’s shareholders
$ 0.53
$ 0.28
$ 0.98
$ 0.43
Diluted net income per share attributable to Weibo’s shareholders
$ 0.48
$ 0.26
$ 0.88
$ 0.39
Shares used in computing basic net income per share attributable
to Weibo’s shareholders
238,632
239,462
238,459
239,414
Shares used in computing diluted net income per share attributable
to Weibo’s shareholders
268,346
271,550
267,429
270,841
(1) Stock-based compensation in each category:
Cost of revenues
$ 980
$ 184
$ 2,219
$ 630
Sales and marketing
2,234
351
5,163
1,138
Product development
5,340
792
12,180
2,712
General and administrative
3,465
784
7,504
2,167
WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
As of
December 31,
June 30,
2025
2026
Assets
Current assets:
Cash and cash equivalents
$ 2,298,941
$ 1,639,148
Restricted cash
–
2,413
Short-term investments
106,139
997,443
Accounts receivable, net
400,209
337,565
Prepaid expenses and other current assets
330,356
338,480
Amount due from SINA(1)
441,143
440,269
Current assets subtotal
3,576,788
3,755,318
Property and equipment, net
282,442
278,021
Goodwill and intangible assets, net
265,573
264,019
Long-term investments
1,663,346
1,602,826
Other non-current assets
1,303,037
1,245,549
Total assets
$ 7,091,186
$ 7,145,733
Liabilities, Redeemable Non-controlling Interests and Shareholders’ Equity
Liabilities:
Current liabilities:
Accounts payable
$ 248,977
$ 257,954
Accrued expenses and other current liabilities
648,492
629,964
Income taxes payable
80,049
58,565
Deferred revenues
78,315
100,160
Current liabilities subtotal
1,055,833
1,046,643
Long-term liabilities:
Convertible senior notes
323,944
325,515
Unsecured senior notes
745,630
746,114
Long-term loans
793,976
795,808
Other long-term liabilities
164,240
166,215
Total liabilities
3,083,623
3,080,295
Redeemable non-controlling interests
32,828
17,791
Shareholders’ equity :
Weibo shareholders’ equity
3,920,729
3,991,172
Non-controlling interests
54,006
56,475
Total shareholders’ equity
3,974,735
4,047,647
Total liabilities, redeemable non-controlling interests and
shareholders’ equity
$ 7,091,186
$ 7,145,733
(1) Included short-term loans to and interest receivable from SINA of US$401.9 million as of
December 31, 2025 and US$397.0 million as of June 30, 2026.
WEIBO CORPORATION
UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS
(In thousands of U.S. dollars and in thousands for shares, except per share data)
Three months ended
Six months ended
June 30,
June 30,
June 30,
June 30,
2025
2026
2025
2026
Income from operations
$
145,570
$
118,859
$
255,880
$
229,780
Add:
Stock-based compensation
12,019
2,111
27,066
6,647
Amortization of intangible assets resulting from business acquisitions
4,161
4,410
8,283
8,755
Non-GAAP income from operations
$
161,750
$
125,380
$
291,229
$
245,182
Net income attributable to Weibo’s shareholders
$
125,685
$
67,377
$
232,649
$
102,092
Add:
Stock-based compensation
12,019
2,111
27,066
6,647
Amortization of intangible assets resulting from business acquisitions
4,161
4,410
8,283
8,755
Investment related gain/loss, net (1)
3,112
22,755
(5,245)
57,786
Non-GAAP to GAAP reconciling items on the share of equity method investments
(2,642)
6,489
(1,603)
24,265
Non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests
(578)
(530)
(1,070)
(1,054)
Tax effects on non-GAAP adjustments (2)
(485)
(1,893)
(1,219)
(7,787)
Amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans
1,943
1,943
3,886
3,886
Non-GAAP net income attributable to Weibo’s shareholders
$
143,215
$
102,662
$
262,747
$
194,590
Non-GAAP diluted net income per share attributable to Weibo’s shareholders
$
0.54
*
$
0.38
*
$
0.99
*
$
0.73
*
Shares used in computing GAAP diluted net income per share attributable to Weibo’s shareholders
268,346
271,550
267,429
270,841
Shares used in computing non-GAAP diluted net income per share attributable to Weibo’s shareholders
268,346
271,550
267,429
270,841
Adjusted EBITDA:
Net income attributable to Weibo’s shareholders
$
125,685
$
67,377
$
232,649
$
102,092
Non-GAAP adjustments
17,530
35,285
30,098
92,498
Non-GAAP net income attributable to Weibo’s shareholders
143,215
102,662
262,747
194,590
Interest income, net
(10,098)
(5,396)
(24,084)
(3,002)
Income tax expenses
32,190
24,851
57,215
46,417
Depreciation expenses
10,363
11,049
19,512
21,914
Adjusted EBITDA
$
175,670
$
133,166
$
315,390
$
259,919
Net revenues
$
444,798
$
453,826
$
841,653
$
875,151
Non-GAAP operating margin
36 %
28 %
35 %
28 %
(1)
To adjust impairment and provision on investments, gain/loss on sale of investments and fair value change of investments.
(2)
To adjust the income tax effects of non-GAAP adjustments, which primarily related to amortization of intangible assets resulting from business acquisitions and fair
value change of investments. Other non-GAAP adjustment items have no tax effect, because (i) they were recorded in entities established in tax free jurisdictions, or (ii)
full valuation allowances were provided for related deferred tax assets as it is more-likely-than-not they will not be realized.
*
Net income attributable to Weibo’s shareholders is adjusted for interest expense of convertible senior notes for calculating diluted EPS.
WEIBO CORPORATION
UNAUDITED ADDITIONAL INFORMATION
(In thousands of U.S. dollars)
Three months ended
Six months ended
June 30,
June 30,
June 30,
June 30,
2025
2026
2025
2026
Net revenues
Advertising and marketing
Non-Ali advertisers
$ 347,610
$ 341,815
$ 644,104
$ 668,318
Alibaba
35,742
39,159
78,354
82,411
Subtotal
383,352
380,974
722,458
750,729
Value-added services
61,446
72,852
119,195
124,422
$ 444,798
$ 453,826
$ 841,653
$ 875,151
View original content:https://www.prnewswire.com/news-releases/weibo-announces-second-quarter-2026-unaudited-financial-results-302855055.html
SOURCE Weibo Corporation
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Fulfilled orders2 in the second quarter of 2026 reached 68.5 million, an increase of 12.7% from 60.8 million in the same period of 2025.
Average shipper MAUs3 in the second quarter of 2026 reached 3.57 million, an increase of 12.8% from 3.16 million in the same period of 2025.
Mr. Peter Hui Zhang, Founder, Chairman, and Chief Executive Officer of FTA, commented, “During the second quarter, we remained focused on enhancing user experience and transaction efficiency. By expanding transaction protections for shippers and truckers, we significantly improved user satisfaction on both sides of the platform and further strengthened our nationwide network effects. Higher order density and growing trucker capacity drove the fulfillment rate to a record high while further shortening matching time. Our new initiatives also progressed: Qmove rapidly grew both order volume and fulfillment rates in overseas markets, our less-than-truckload offerings reached nationwide coverage through partnerships with dedicated-line carriers, and autonomous delivery vehicle pilots expanded to multiple cities. Going forward, our expanding network scale will continue to fuel AI innovation and application across the platform, creating long-term value for our users and shareholders.”
Mr. Langbo Guo, President of FTA, added, “Total net revenues reached RMB3.38 billion this quarter, up 4.4% year over year. Transaction service revenues grew 33.1% to RMB1.77 billion, accounting for 52.2% of total net revenues. Net income reached RMB1.35 billion, up 6.3% year over year, while non-GAAP adjusted net income increased 6.0% to RMB1.43 billion. Net cash provided by operating activities grew significantly year over year to RMB2.15 billion, and our cash position4 was RMB33.4 billion. Our liquidity position remains strong to support scaling new business initiatives and advancing our long-term strategy, while we continue to return value to shareholders through quarterly cash dividends.”
1 Non-GAAP adjusted net income is defined as net income excluding (i) share-based compensation expense; (ii) amortization of intangible assets resulting from business acquisitions; and (iii) tax effects of non-GAAP adjustments. See “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.
2 Fulfilled orders on our platform in a given period are defined as all shipping orders matched through our platform during such period but exclude (i) shipping orders that are subsequently canceled and (ii) shipping orders for which our users failed to specify any freight prices, as there are substantial uncertainties as to whether such shipping orders are fulfilled.
3 Average shipper MAUs in a given period are calculated by dividing (i) the sum of shipper MAUs for each month of a given period by (ii) the number of months in a given period. Shipper MAUs are defined as the number of active shippers on our platform in a given month. Active shippers are defined as the aggregate number of registered shipper accounts that have posted at least one shipping order on our platform during a given period.
4 Cash position includes cash and cash equivalents, restricted cash, short-term investments, long-term time deposits and wealth management products with maturities over one year.
Second Quarter 2026 Financial Results
Net Revenues (including value added taxes, or “VAT” of RMB1,294.9 million and RMB1,109.2 million for the three months ended June 30, 2025 and 2026, respectively). Total net revenues in the second quarter of 2026 were RMB3,381.6 million (US$498.4 million), representing an increase of 4.4% from RMB3,239.1 million in the same period of 2025, primarily attributable to an increase in revenues from freight matching services.
Freight matching services. Revenues from freight matching services in the second quarter of 2026 were RMB3,012.6 million (US$444.0 million), representing an increase of 9.6% from RMB2,747.9 million in the same period of 2025. The increase was mainly due to the sustained increase in transaction service revenues, partially offset by a decrease in freight brokerage revenues.
Freight brokerage service. Revenues from freight brokerage service in the second quarter of 2026 were RMB995.4 million (US$146.7 million), compared with RMB1,177.9 million in the same period of 2025, primarily attributable to a decrease in transaction volume, partially offset by an increase in service fee rate.
Freight listing service. Revenues from freight listing service in the second quarter of 2026 were RMB250.8 million (US$37.0 million), an increase of 3.3% from RMB242.9 million in the same period of 2025, primarily due to the growing number of total paying members.
Transaction service. Revenues from transaction service amounted to RMB1,766.4 million (US$260.3 million) in the second quarter of 2026, an increase of 33.1% from RMB1,327.1 million in the same period of 2025, primarily driven by increases in order volume, penetration rate and per-order transaction service fee.
Value-added services.5 Revenues from value-added services in the second quarter of 2026 were RMB369.0 million (US$54.4 million), compared with RMB491.2 million in the same period of 2025. The decrease was primarily due to a decrease in credit solutions revenues.
Cost of Revenues (including VAT net of government grants of RMB918.7 million and RMB602.2 million for the three months ended June 30, 2025 and 2026, respectively). Cost of revenues in the second quarter of 2026 was RMB925.9 million (US$136.5 million), compared with RMB1,238.4 million in the same period of 2025, primarily due to decreases in VAT, related tax surcharges and other tax costs, net of grants from government authorities. These tax-related costs net of government grants totaled RMB743.4 million, compared with RMB1,087.1 million in the same period of 2025, primarily due to a decrease in tax costs net of government grants related to the Company’s freight brokerage service.
Sales and Marketing Expenses. Sales and marketing expenses in the second quarter of 2026 were RMB455.4 million (US$67.1 million), compared with RMB433.8 million in the same period of 2025. The increase was primarily due to additional investments in user ecosystem enhancement and user rights protection, partially offset by efficiency-focused spending on user acquisition.
General and Administrative Expenses. General and administrative expenses in the second quarter of 2026 were RMB183.8 million (US$27.1 million), compared with RMB170.3 million in the same period of 2025. The increase was primarily due to higher share-based compensation expenses and professional service fees.
Research and Development Expenses. Research and development expenses in the second quarter of 2026 were RMB260.9 million (US$38.5 million), compared with RMB189.6 million in the same period of 2025. The increase was mainly due to the inclusion of R&D costs of Giga.AI Technology Limited (“Giga.AI”), which was consolidated into the Company’s financial results since July 2025.
Income from Operations. Income from operations in the second quarter of 2026 was RMB1,486.1 million (US$219.0 million), an increase of 30.4% from RMB1,139.6 million in the same period of 2025.
Non-GAAP Adjusted Operating Income.6 Non-GAAP adjusted operating income in the second quarter of 2026 was RMB1,580.7 million (US$233.0 million), an increase of 28.5% from RMB1,230.1 million in the same period of 2025.
Net Income. Net income in the second quarter of 2026 was RMB1,345.1 million (US$198.2 million), an increase of 6.3% from RMB1,264.8 million in the same period of 2025.
Non-GAAP Adjusted Net Income. Non-GAAP adjusted net income in the second quarter of 2026 was RMB1,433.8 million (US$211.3 million), an increase of 6.0% from RMB1,352.1 million in the same period of 2025.
Basic and Diluted Net Income per ADS7 and Non-GAAP Adjusted Basic and Diluted Net Income per ADS.8 Basic net income per ADS was RMB1.28 (US$0.19) in the second quarter of 2026, compared with RMB1.20 in the same period of 2025. Diluted net income per ADS was RMB1.28 (US$0.19) in the second quarter of 2026, compared with RMB1.19 in the same period of 2025. Non-GAAP adjusted basic net income per ADS was RMB1.37 (US$0.20) in the second quarter of 2026, compared with RMB1.28 in the same period of 2025. Non-GAAP adjusted diluted net income per ADS was RMB1.36 (US$0.20) in the second quarter of 2026, compared with RMB1.27 in the same period of 2025.
Balance Sheet and Cash Flow
As of June 30, 2026, the Company had cash and cash equivalents, restricted cash, short-term investments, long-term time deposits and wealth management products with maturities over one year of RMB33.4 billion (US$4.9 billion) in total, compared with RMB31.5 billion as of December 31, 2025.
As of June 30, 2026, the total outstanding loan balance9 was RMB4.3 billion (US$0.6 billion), a decrease of 21.9% from RMB5.5 billion as of December 31, 2025. The total non-performing loan ratio9 was 3.8% as of June 30, 2026, compared with 2.9% as of December 31, 2025, primarily due to the migration of previously delinquent balances to outstanding loans that were over 90 calendar days past due, as well as a rapidly reduced total outstanding loan balance.
In the second quarter of 2026, net cash provided by operating activities was RMB2,150.2 million (US$316.9 million), compared with RMB1,313.3 million in the same period of 2025. Free cash flow10 was RMB2,040.0 million (US$300.7 million), compared with RMB1,299.2 million in the same period of 2025.
5 The Company provides a range of value-added services including credit solutions, insurance services, electronic toll collection, energy services, intelligent driving-related services, and other services on the FTA platform.
6 Non-GAAP adjusted operating income is defined as income from operations excluding (i) share-based compensation expense; and (ii) amortization of intangible assets resulting from business acquisitions. See “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.
7 ADS refers to American depositary shares, each of which represents 20 Class A ordinary shares.
8 Non-GAAP adjusted basic and diluted net income per ADS is net income attributable to ordinary shareholders excluding (i) share-based compensation expense; (ii) amortization of intangible assets resulting from business acquisitions; and (iii) tax effects of non-GAAP adjustments, divided by weighted average number of basic and diluted ADSs, respectively. For more information, refer to “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.
9 To better reflect the substance of our credit solutions business and present its complete operating performance, the Company has revised the calculation methodologies of the total outstanding loan balance and the non-performing loan (“NPL”) ratio by including off-balance sheet loans in the calculation. Total outstanding loan balance means the aggregate principal amount outstanding under on-balance sheet and off-balance sheet loans as of the end of each reporting period, excluding loans that are more than 180 days past due. Off-balance sheet loans refer to the loans funded by the Company’s institutional funding partners for which the Company bears principal risk. NPL ratio is calculated by dividing the sum of total outstanding principal of the on- and off-balance sheet loans that were over 90 calendar days past due (excluding loans that are over 180 days past due and are therefore charged off) by the sum of total outstanding principal of on- and off-balance sheet loans (excluding loans that are over 180 days past due and are therefore charged off) as of a specified date. Comparative periods have been restated accordingly to conform to this presentation.
10 Free cash flow is defined as operating cash flow adjusted for the impact from capital expenditures. Capital expenditures include purchase of property and equipment and intangible assets.
Business Outlook
The Company expects its total net revenues to be between RMB3.32 billion and RMB3.42 billion for the third quarter of 2026, compared with RMB3.36 billion in the same period of 2025. These forecasts are based on the Company’s current and preliminary view of the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.
Declaration of Quarterly Cash Dividend
Pursuant to the Company’s shareholder return plan, the board approved a cash dividend for the third quarter of 2026 in the amount of US$0.0042 per ordinary share, or US$0.0840 per ADS, totaling approximately US$87.5 million. The dividend will be paid on or around October 28, 2026, to holders of record of the Company’s ordinary shares at the close of business on October 14, 2026. For holders of the Company’s ADSs, cash dividends are expected to be paid through the depositary, Deutsche Bank Trust Company Americas, on or around October 28, 2026, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.
The board will review the quarterly cash dividend policy periodically, and may authorize adjustments to the size and terms of the dividends to ensure that the total shareholder return value for fiscal year 2026 will be approximately US$400 million.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at a rate of RMB6.7851 to US$1.00, the exchange rate in effect as of June 30, 2026, as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System. The Company makes no representation that any RMB or US$ amounts could have been, or could be, converted into US$ or RMB, as the case may be, at any particular rate, or at all.
Conference Call
The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on August 19, 2026, or 7:00 P.M. Beijing Time to discuss its financial results and operating performance for the second quarter 2026.
For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time.
Participant Online Registration:
https://s1.c-conf.com/diamondpass/10056053-ix3s6v.html
Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will join the conference.
The replay will be accessible through August 26, 2026, by dialing the following numbers:
United States:
+1-855-883-1031
Mainland China:
400-120-9216
Hong Kong, SAR:
800-930-639
United Kingdom:
0800-031-4295
Singapore:
800-101-3223
Replay Access Code:
10056053
A live and archived webcast of the conference call will also be available on the Company’s investor relations website at ir.fulltruckalliance.com.
About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, while enabling other businesses, such as financial institutions, highway authorities and gas station operators, to participate in its ecosystem. With a mission to empower enterprises with greater logistics competitiveness, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP adjusted operating income, non-GAAP adjusted net income, non-GAAP adjusted net income attributable to ordinary shareholders, non-GAAP adjusted basic and diluted net income per share and non-GAAP adjusted basic and diluted net income per ADS, each a non-GAAP financial measure, as supplemental measures to review and assess its operating performance.
The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted operating income as income from operations excluding (i) share-based compensation expense; and (ii) amortization of intangible assets resulting from business acquisitions. The Company defines non-GAAP adjusted net income as net income excluding (i) share-based compensation expense; (ii) amortization of intangible assets resulting from business acquisitions; and (iii) tax effects of non-GAAP adjustments. The Company defines non-GAAP adjusted net income attributable to ordinary shareholders as net income attributable to ordinary shareholders excluding (i) share-based compensation expense; (ii) amortization of intangible assets resulting from business acquisitions; and (iii) tax effects of non-GAAP adjustments. The Company defines non-GAAP adjusted basic and diluted net income per share as non-GAAP adjusted net income attributable to ordinary shareholders divided by weighted average number of basic and diluted ordinary shares, respectively. The Company defines non-GAAP adjusted basic and diluted net income per ADS as non-GAAP adjusted net income attributable to ordinary shareholders divided by the weighted average number of basic and diluted ADSs, respectively. The Company defines free cash flow as operating cash flow adjusting for the impact from capital expenditures. Capital expenditures include purchase of property and equipment and intangible assets.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as an analytical tool. The non-GAAP financial measures do not reflect all items of expense that affect its operations.
The Company reconciles the non-GAAP financial measures to the nearest U.S. GAAP performance measures. Non-GAAP adjusted operating income, non-GAAP adjusted net income, non-GAAP adjusted net income attributable to ordinary shareholders and non-GAAP adjusted basic and diluted net income per share should not be considered in isolation or construed as an alternative to operating income, net income, net income attributable to ordinary shareholders and basic and diluted net income per share or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review FTA’s non-GAAP financial measures against the most directly comparable GAAP measures. FTA’s non-GAAP financial measure may not be comparable to similarly titled measures presented by other companies.
For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this release.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FTA’s goal and strategies; FTA’s expansion plans; FTA’s future business development, financial condition and results of operations; expected changes in FTA’s revenues, costs or expenses; industry landscape of, and trends in, China’s road transportation market; competition in FTA’s industry; FTA’s expectations regarding demand for, and market acceptance of, its services; FTA’s expectations regarding its relationships with shippers, truckers and other ecosystem participants; FTA’s ability to protect its systems and infrastructures from cyber-attacks; PRC laws, regulations, and policies relating to the road transportation market, as well as general regulatory environment in which FTA operates in China; the results of regulatory review and the duration and impact of any regulatory action taken against FTA; the impact of health epidemics, extreme weather conditions and production constraints brought by electricity rationing measures; general economic and business condition; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com
FULL TRUCK ALLIANCE CO. LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share, ADS, per share and per ADS data)
As of
December 31,
June 30,
June 30,
2025
2026
2026
RMB
RMB
US$
ASSETS
Current assets:
Cash and cash equivalents
6,066,137
6,800,864
1,002,323
Restricted cash
70,290
89,623
13,209
Short-term investments
11,048,309
16,753,904
2,469,220
Accounts receivable, net
75,133
89,000
13,117
Loans receivable, net
4,851,353
3,629,919
534,984
Prepayments and other current assets, net
940,552
1,190,738
175,493
Total current assets
23,051,774
28,554,048
4,208,346
Restricted cash
30,000
190,000
28,003
Long-term time deposits and other investments1
14,268,513
9,607,105
1,415,912
Investments in equity investees
1,043,145
1,130,155
166,564
Property and equipment, net
457,487
573,508
84,525
Intangible assets, net
757,408
708,316
104,393
Goodwill
4,025,420
4,025,420
593,273
Deferred tax assets
249,551
306,945
45,238
Operating lease right-of-use assets
92,218
82,198
12,114
Other non-current assets
346,512
414,654
61,112
Total non-current assets
21,270,254
17,038,301
2,511,134
TOTAL ASSETS
44,322,028
45,592,349
6,719,480
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable
37,750
44,377
6,540
Amount due to related parties
29,674
—
—
Prepaid for freight listing fees and other service fees
637,489
642,997
94,766
Income tax payable
421,707
489,250
72,107
Other tax payable
479,286
598,069
88,144
Operating lease liabilities
33,847
18,838
2,776
Dividends payable
—
591,706
87,207
Accrued expenses and other current liabilities
1,211,279
1,202,268
177,191
Total current liabilities
2,851,032
3,587,505
528,731
Deferred tax liabilities
185,578
173,709
25,602
Operating lease liabilities
1,485
6,020
887
Other non-current liabilities
12,328
10,983
1,619
Total non-current liabilities
199,391
190,712
28,108
TOTAL LIABILITIES
3,050,423
3,778,217
556,839
MEZZANINE EQUITY
Redeemable non-controlling interests
767,813
953,224
140,488
Subscription receivables
(20,000)
—
—
SHAREHOLDERS’ EQUITY
Ordinary shares
1,345
1,340
197
Additional paid-in capital
44,328,028
43,102,535
6,352,528
Accumulated other comprehensive income
2,742,068
2,106,935
310,524
Accumulated deficit
(7,020,237)
(4,791,864)
(706,233)
TOTAL FULL TRUCK ALLIANCE CO. LTD. EQUITY
40,051,204
40,418,946
5,957,016
Non-controlling interests
472,588
441,962
65,137
TOTAL SHAREHOLDERS’ EQUITY
40,523,792
40,860,908
6,022,153
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY
44,322,028
45,592,349
6,719,480
1. The Group’s long-term time deposits and other investments consist of RMB9,586 million long-term time deposits and RMB22 million available-for-sale debt securities as of June 30, 2026.
FULL TRUCK ALLIANCE CO. LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(All amounts in thousands, except share, ADS, per share and per ADS data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
June 30,
June 30,
2025
2026
2026
2026
2025
2026
2026
RMB
RMB
RMB
US$
RMB
RMB
US$
Net Revenues:
Freight Matching Services
2,747,919
2,472,370
3,012,611
444,004
4,995,026
5,484,981
808,386
Freight brokerage service
1,177,906
827,064
995,376
146,700
2,143,572
1,822,440
268,594
Freight listing service
242,920
252,175
250,832
36,968
477,825
503,007
74,134
Transaction service
1,327,093
1,393,131
1,766,403
260,336
2,373,629
3,159,534
465,658
Value-added services
491,187
376,014
368,954
54,377
943,989
744,968
109,795
Total net revenues (including value-added
taxes or “VAT” of RMB1,294.9 million
and RMB1,109.2 million for the three
months ended June 30, 2025 and
2026, respectively)
3,239,106
2,848,384
3,381,565
498,381
5,939,015
6,229,949
918,181
Operating expenses:
Cost of revenues (including VAT net of
government grants of RMB918.7
million and RMB602.2 million for
the three months ended June
30, 2025 and 2026, respectively)(1)
(1,238,371)
(778,220)
(925,900)
(136,461)
(1,936,930)
(1,704,120)
(251,156)
Sales and marketing expenses(1)
(433,842)
(381,691)
(455,412)
(67,119)
(811,692)
(837,103)
(123,374)
General and administrative expenses(1)
(170,347)
(299,590)
(183,794)
(27,088)
(356,356)
(483,384)
(71,242)
Research and development expenses(1)
(189,620)
(255,330)
(260,888)
(38,450)
(382,978)
(516,218)
(76,081)
Provision for credit solutions
(75,028)
(143,634)
(72,000)
(10,611)
(156,879)
(215,634)
(31,781)
Total operating expenses
(2,107,208)
(1,858,465)
(1,897,994)
(279,729)
(3,644,835)
(3,756,459)
(553,634)
Other operating income
7,662
16,040
2,481
366
47,827
18,521
2,730
Income from operations
1,139,560
1,005,959
1,486,052
219,018
2,342,007
2,492,011
367,277
Other income (expense)
Interest income
251,304
216,824
215,355
31,739
496,813
432,179
63,695
Foreign exchange gain (loss)
205
(6,114)
(5,559)
(819)
(10,620)
(11,673)
(1,720)
Investment income
20,002
12,206
7,933
1,169
39,335
20,139
2,968
Unrealized gains (losses) from fair
value changes of investments
37,032
(3,577)
28,399
4,185
70,494
24,822
3,658
Other expenses, net
(11,024)
(2,369)
(27,758)
(4,091)
(10,406)
(30,127)
(4,440)
Share of loss in equity method
investees
(2,590)
(4,423)
(37,095)
(5,467)
(2,427)
(41,518)
(6,119)
Total other income
294,929
212,547
181,275
26,716
583,189
393,822
58,042
Net income before income tax
1,434,489
1,218,506
1,667,327
245,734
2,925,196
2,885,833
425,319
Income tax expense
(169,655)
(224,409)
(322,271)
(47,497)
(381,426)
(546,680)
(80,571)
Net income
1,264,834
994,097
1,345,056
198,237
2,543,770
2,339,153
344,748
Less: net loss attributable to
non-controlling interests
(1,147)
(14,487)
(15,007)
(2,212)
(2,309)
(29,494)
(4,347)
Less: measurement adjustment
attributable to redeemable non-
controlling interests
21,493
17,678
30,035
4,427
33,015
47,713
7,032
Net income attributable to
ordinary shareholders
1,244,488
990,906
1,330,028
196,022
2,513,064
2,320,934
342,063
FULL TRUCK ALLIANCE CO. LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (CONTINUED)
(All amounts in thousands, except share, ADS, per share and per ADS data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
June 30,
June 30,
2025
2026
2026
2026
2025
2026
2026
RMB
RMB
RMB
US$
RMB
RMB
US$
Net income per ordinary
share
—Basic
0.06
0.05
0.06
0.01
0.12
0.11
0.02
—Diluted
0.06
0.05
0.06
0.01
0.12
0.11
0.02
Net income per ADS*
—Basic
1.20
0.95
1.28
0.19
2.41
2.23
0.33
—Diluted
1.19
0.95
1.28
0.19
2.40
2.23
0.33
Weighted average number
of ordinary shares used
in computing net
income per share
—Basic
20,824,102,531
20,789,216,349
20,752,854,307
20,752,854,307
20,837,086,248
20,770,909,708
20,770,909,708
—Diluted
20,933,997,672
20,882,514,034
20,819,253,526
20,819,253,526
20,946,325,399
20,850,836,385
20,850,836,385
Weighted average number
of ADS used in
computing net
income per ADS
—Basic
1,041,205,127
1,039,460,817
1,037,642,715
1,037,642,715
1,041,854,312
1,038,545,485
1,038,545,485
—Diluted
1,046,699,884
1,044,125,702
1,040,962,676
1,040,962,676
1,047,316,270
1,042,541,819
1,042,541,819
* Each ADS represents 20 ordinary shares.
(1) Share-based compensation expenses in operating expenses are as follows:
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
June 30,
June 30,
2025
2026
2026
2026
2025
2026
2026
RMB
RMB
RMB
US$
RMB
RMB
US$
Cost of revenues
3,513
2,591
2,708
399
7,362
5,299
781
Sales and marketing
expenses
15,703
9,078
9,470
1,396
35,261
18,548
2,734
General and administrative
expenses
36,131
164,945
44,417
6,546
91,899
209,362
30,856
Research and development
expenses
22,126
13,520
14,321
2,111
45,624
27,841
4,103
Total
77,473
190,134
70,916
10,452
180,146
261,050
38,474
FULL TRUCK ALLIANCE CO. LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS AND FREE CASH FLOW
(All amounts in thousands, except share, ADS, per share and per ADS data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
June 30,
June 30,
2025
2026
2026
2026
2025
2026
2026
RMB
RMB
RMB
US$
RMB
RMB
US$
Net cash provided by
operating activities
1,313,300
1,561,958
2,150,240
316,906
1,638,943
3,712,198
547,110
Net cash used in investing
activities
(4,166,092)
(453,603)
(1,458,314)
(214,929)
(2,012,680)
(1,911,917)
(281,782)
Net cash used in financing
activities
(1,067,689)
(296,945)
(527,889)
(77,801)
(1,071,610)
(824,834)
(121,565)
Effect of exchange rate
changes on cash,
cash equivalents and
restricted cash
15,411
(27,767)
(33,620)
(4,955)
(3,474)
(61,387)
(9,047)
Net (decrease) increase
in cash, cash
equivalents and
restricted cash
(3,905,070)
783,643
130,417
19,221
(1,448,821)
914,060
134,716
Cash, cash equivalents
and restricted cash,
beginning of the period
8,407,129
6,166,427
6,950,070
1,024,314
5,950,880
6,166,427
908,819
Cash, cash equivalents
and restricted cash,
end of the period
4,502,059
6,950,070
7,080,487
1,043,535
4,502,059
7,080,487
1,043,535
Net cash provided by
operating activities
1,313,300
1,561,958
2,150,240
316,906
1,638,943
3,712,198
547,110
Less: Capital expenditures
(14,054)
(68,169)
(110,258)
(16,250)
(46,709)
(178,427)
(26,297)
Free cash flow
(non-GAAP)
1,299,246
1,493,789
2,039,982
300,656
1,592,234
3,533,771
520,813
FULL TRUCK ALLIANCE CO. LTD.
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(All amounts in thousands, except share, ADS, per share and per ADS data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
June 30,
June 30,
2025
2026
2026
2026
2025
2026
2026
RMB
RMB
RMB
US$
RMB
RMB
US$
Income from operations
1,139,560
1,005,959
1,486,052
219,018
2,342,007
2,492,011
367,277
Add:
Share-based
compensation
expense
77,473
190,134
70,916
10,452
180,146
261,050
38,474
Amortization of
intangible assets
resulting from
business acquisitions
13,021
23,738
23,738
3,499
26,042
47,476
6,997
Non-GAAP adjusted
operating income
1,230,054
1,219,831
1,580,706
232,969
2,548,195
2,800,537
412,748
Net income
1,264,834
994,097
1,345,056
198,237
2,543,770
2,339,153
344,748
Add:
Share-based
compensation
expense
77,473
190,134
70,916
10,452
180,146
261,050
38,474
Amortization of
intangible assets
resulting from
business acquisitions
13,021
23,738
23,738
3,499
26,042
47,476
6,997
Tax effects of
non-GAAP
adjustments
(3,255)
(5,935)
(5,935)
(875)
(6,510)
(11,870)
(1,749)
Non-GAAP adjusted net
income
1,352,073
1,202,034
1,433,775
211,313
2,743,448
2,635,809
388,470
FULL TRUCK ALLIANCE CO. LTD.
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (CONTINUED)
(All amounts in thousands, except share, ADS, per share and per ADS data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
June 30,
June 30,
2025
2026
2026
2026
2025
2026
2026
RMB
RMB
RMB
US$
RMB
RMB
US$
Net income attributable
to ordinary
shareholders
1,244,488
990,906
1,330,028
196,022
2,513,064
2,320,934
342,063
Add:
Share-based
compensation
expense
77,473
190,134
70,916
10,452
180,146
261,050
38,474
Amortization of
intangible assets
resulting from
business acquisitions
13,021
23,738
23,738
3,499
26,042
47,476
6,997
Tax effects of
non-GAAP
adjustments
(3,255)
(5,935)
(5,935)
(875)
(6,510)
(11,870)
(1,749)
Non-GAAP adjusted net
income attributable to
ordinary shareholders
1,331,727
1,198,843
1,418,747
209,098
2,712,742
2,617,590
385,785
Non-GAAP adjusted net
income per ordinary
share
—Basic
0.06
0.06
0.07
0.01
0.13
0.13
0.02
—Diluted
0.06
0.06
0.07
0.01
0.13
0.13
0.02
Non-GAAP adjusted net
income per ADS
—Basic
1.28
1.15
1.37
0.20
2.60
2.52
0.37
—Diluted
1.27
1.15
1.36
0.20
2.59
2.51
0.37
View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-announces-second-quarter-2026-unaudited-financial-results-302855087.html
SOURCE Full Truck Alliance Co. Ltd.
Technology
UnionPay and Standard Bank Unlock Cross-Border E-Commerce Opportunities for Merchants Across Nine African Markets
Published
16 minutes agoon
August 19, 2026By
JOHANNESBURG, Aug. 19, 2026 /PRNewswire/ — UnionPay International (UPI) and Standard Bank Group have expanded UnionPay e-commerce acceptance across nine African markets, enabling participating merchants to accept secure online payments from UnionPay cardholders and giving businesses broader access to cross-border consumer demand.
The expanded capability strengthens digital commerce across Africa by helping merchants offer more payment choice, reduce checkout friction and serve international travellers, cross-border shoppers and businesses transacting across multiple markets.
Through the partnership, online merchants in Botswana, Ghana, Kenya, Malawi, Namibia, Tanzania, Uganda, Zambia and Zimbabwe can now offer secure UnionPay e-commerce acceptance, with nearly 900 participating merchants across the continent.
Building on the collaboration announced by Standard Bank and UnionPay in 2024, this latest expansion comes as African businesses increasingly seek to serve customers beyond their domestic markets, supported by the continued growth of e-commerce, travel, tourism and regional trade. For merchants, the ability to accept internationally recognised payment methods online can help improve conversion, increase customer reach and support participation in cross-border digital commerce.
UnionPay cards are accepted in 183 countries and regions, including 51 countries in Africa, and are issued in 85 countries and regions globally. UnionPay’s African footprint includes approximately 7 million cards issued across the continent, creating additional opportunities for merchants to reach consumers travelling, trading and transacting across borders.
Supported by Standard Bank’s African presence, the expanded acceptance capability is locally relevant, regionally scalable and connected to international customer flows. Merchants can facilitate e-commerce transactions in local currency, US dollars or both, depending on market requirements.
Beyond expanding access to international payment networks, the partnership also supports the growing flow of trade and commerce across African markets. Leveraging Standard Bank’s African footprint, the solution helps connect merchants to both regional and global customer flows, supporting trade and commerce within Africa and beyond.
“African businesses are increasingly selling beyond their domestic markets and the ability to accept trusted international payment methods is becoming essential to that growth. By enabling UnionPay e-commerce acceptance across nine African markets, Standard Bank is helping merchants reduce payment friction, reach more customers and participate more effectively in cross-border digital commerce. This partnership reflects our commitment to using our African footprint and digital capabilities to unlock practical growth opportunities for businesses across the continent,” says Bill Blackie, Chief Executive for Business and Commercial Banking at Standard Bank Group.
“UnionPay International is committed to expanding the reach and usability of our payment network across Africa. Our collaboration with Standard Bank enables more merchants to accept UnionPay online and gives UnionPay cardholders greater choice and convenience when transacting with African businesses. Together, we are supporting safer, simpler and more connected digital commerce across the region,” says Mr Feng Chen, General Manager at UnionPay International Africa Branch.
The expanded acceptance capability is expected to benefit a broad range of businesses, including hospitality and tourism operators, retailers and e-commerce platforms. By giving customers more ways to pay online and supporting internationally recognised authentication standards, the solution helps merchants improve the checkout experience while strengthening confidence in digital transactions.
View original content:https://www.prnewswire.co.uk/news-releases/unionpay-and-standard-bank-unlock-cross-border-e-commerce-opportunities-for-merchants-across-nine-african-markets-302855089.html
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