The Hub24 Ltd (ASX: HUB) share price has jumped 8% after the fintech share revealed an impressive June 2025 quarter update.
The company has a number of financial technology offerings. The Hub24 platform gives advisers and clients a wide range of investment options, including managed portfolio options and enhanced transaction and reporting functionality. HUBconnect provides data and technology for stockbrokers, licensees and advisers. Class is wealth accounting software, particularly for SMSF administration.
Impressive June quarter
Hub24 told the market that it delivered strong growth in the fourth quarter of FY25.
It reported that total funds under administration (FUA) increased 30% year on year. That included 34% growth of platform FUA to $112.7 billion and 16% growth of portfolio, administration and reporting services (PARS) FUA to $23.7 billion.
Hub24 revealed its FY25 fourth quarter net inflows came to $5.3 billion, up 7% year on year, including large migrations of $1.2 billion from Equity Trustees.
The business also boasted of record annual platform net inflows in FY25 of $19.8 billion, representing a 25% increase year on year.
Impressively, the Hub24 platform ranked first for both quarterly and net inflows. How is it achieving this? Customer satisfaction is a good indicator. According to the Investment Trends 2025 Adviser Technology Needs Report, the Hub24 platform achieved the highest net promoter score (NPS) in the sector and ranked first for overall satisfaction by advisers.
Hub24 also revealed that Class Super ranked as the most feature rich SMSF provider and reported the largest annual increase (8,006) in accounts since FY20.
The business is looking to unlock further growth, following its decision to launch Hub24 Private Invest, a high net worth (HNW) solution.
Is the Hub24 share price a buy?
The company has more than doubled in the last 12 months, so the market has already positively reacted to the fintech’s progress.
It has a very high price/earnings ratio (p/e ratio), so I’m not sure I’d call it a buy right now. But, its progress is impressive.
There are other ASX growth shares that look more appealing to me for a long-term investment.
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