Hub24 Ltd (ASX: HUB) shares are jumping on Tuesday morning.
At the time of writing, the ASX 200 tech stock is up 9% to a record high of $116.86.
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Why is this ASX 200 tech stock jumping?
Investors have been buying the investment platform provider's shares this morning after it reported another strong quarter of growth.
According to the release, Hub24 delivered record net inflows of $5.2 billion for the three months ended 30 September 2025. This represents a 28% increase on the prior corresponding period, supported by continued adviser demand and positive market conditions.
As a result, total funds under administration (FUA) reached $146.5 billion at the end of September, which is up 30% year on year. This comprises platform FUA of $122 billion, which rose 33%, and Portfolio, Administration and Reporting Services (PARS) FUA of $24.5 billion, up 14%.
During the quarter, Hub24 signed 41 new distribution agreements and grew its adviser base to 5,229 active advisers, an 11% lift from a year earlier.
Market share growth
The release notes that the latest Plan for Life data shows that Hub24 ranked first for quarterly and annual net inflows for a seventh consecutive quarter. In fact, it achieved the largest market share gains of all platform providers.
The company's market share climbed to 9%, up from 7.6% a year earlier, making Hub24 the sixth-largest platform provider by FUA, up one place from the previous quarter.
The company said its continued momentum reflects the strength of its "innovative platform solutions, service excellence, and strong adviser and licensee relationships," which continue to drive a solid pipeline of opportunities.
Outlook
The company put out a brief statement on its outlook, with further details to follow next month at its investor strategy day.
The good news is that the ASX 200 tech stock sees significant opportunities for growth, which bodes well for the future. It said:
Our strong start to FY26 reflects the significant opportunities for growth which are underpinned by strong demand for professional advice and ongoing industry transformation. HUB24 is committed to continuing to invest in delivering our strategy to capture these opportunities and further enhance our market leading proposition. We look forward to providing an update in November at our Investor Strategy Day.
Following today's move, this ASX 200 tech stock is now up 70% over the past 12 months.
