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HUB24 Limited has reported record-breaking annual net inflows of $18.9 billion for the financial year ending 30 June 2026, marking a 20% increase compared to the previous corresponding period when excluding large migrations. The Australian fintech platform operator’s total Funds Under Administration (FUA) surged to $164.3 billion, reflecting a 20% year-on-year growth, driven by an expanded adviser network and the launch of innovative retirement solutions aimed at meeting the rising demand for professional financial advice within Australia’s superannuation system.
Key Highlights
- HUB24 Limited (ASX:HUB) operates as an Australian fintech platform providing custodial and non-custodial administration services for financial advisers, alongside SMSF and document management solutions through its Class and NowInfinity divisions.
- The company achieved record FY26 Platform net inflows of $18.9 billion, a 20% increase over the prior year excluding large migrations, with Q4 FY26 Platform net inflows totaling $4.2 billion.
- Total Funds Under Administration across all divisions reached $164.3 billion as of 30 June 2026, up 20% year-on-year, including Platform FUA of $139.5 billion (up 24%) and PARS FUA of $24.8 billion (up 5%).
- HUB24 Platform secured the top position for quarterly and annual net inflows for the tenth consecutive quarter and expanded its market share to 9.9% as of 31 March 2026, up from 8.6% the previous year.
- The company introduced a lifetime superannuation solution in partnership with TAL and grew its active adviser base to 5,649, an 11% increase year-on-year, with 36 new licensee agreements signed in Q4 FY26.
- Class Super was recognized as the most innovative SMSF software provider, achieving the largest annual account growth since FY18 with 226,767 total accounts as of 30 June 2026, a 5% increase year-on-year.
Record Platform Net Inflows Highlight HUB24’s Market Leadership
HUB24’s FY26 results underscore its leadership in the Australian wealth management platform industry, delivering record annual Platform net inflows of $18.9 billion. Excluding large migrations from the prior year, this reflects a 20% growth compared to FY25, showcasing strong momentum in the company’s core custodial administration services. The Q4 FY26 net inflows of $4.2 billion remained consistent with the prior corresponding period when adjusted for large migrations, demonstrating stability amid market volatility and proposed federal tax reforms impacting the superannuation sector.
Independent third-party data from Plan for Life confirms HUB24 Platform’s dominance, ranking first for quarterly and annual net inflows for the tenth straight quarter. The company also recorded the largest annual market share increase among platform providers, growing to 9.9% as of 31 March 2026 from 8.6% the previous year. This market share expansion reflects HUB24’s strong appeal to new adviser relationships and the loyalty of its existing client base. Currently, HUB24 ranks as the sixth largest platform by Funds Under Administration in Australia, solidifying its position as a key competitor in wealth administration.
Total Funds Under Administration Surpass $164 Billion with Robust Quarterly Growth
As of 30 June 2026, HUB24’s total Funds Under Administration across all divisions reached $164.3 billion, marking a 20% increase from $136.375 billion the previous year. This growth results from both net inflows and favorable market conditions throughout the financial year. The Platform division, representing the core custodial administration business, achieved $139.5 billion in FUA, up 24% year-on-year. The Portfolio, Administration and Reporting Services (PARS) division, offering non-custodial administration, recorded $24.8 billion in FUA, a 5% increase year-on-year.
In Q4 FY26, Platform FUA rose 9% quarter-on-quarter to $139.5 billion, fueled by $4.2 billion in net inflows and $7.5 billion in positive market movements. PARS FUA grew to $24.8 billion with 9,519 accounts, a 10% increase compared to the prior year. Platform FUA composition remained steady, with retail assets comprising 88% and institutional assets 12%, highlighting the platform’s focus on retail clients served via financial advisers rather than wholesale institutional channels.
Adviser Network Expands to 5,649 Active Users with 36 New Licensee Agreements
HUB24 expanded its adviser network during FY26, increasing active advisers to 5,649 as of 30 June 2026, an 11% year-on-year rise. The company signed 36 new licensee agreements in Q4 FY26, broadening its distribution reach. This growth in adviser relationships is pivotal to HUB24’s strategy, as its platform model depends on financial advisers to distribute services and drive revenue through net inflows and product adoption.
HUB24’s Non-Custodial Service and Private Invest solutions, tailored for high-net-worth clients, have gained significant traction, with combined custodial and non-custodial FUA exceeding $1 billion as of 30 June 2026. This adoption signals a promising growth avenue, supporting HUB24’s goal to capture a larger share of wealth administration across diverse client segments and adviser specialties.
Launch of Lifetime Super Solution Enhances Retirement Income Offerings
In Q4 FY26, HUB24 introduced a lifetime superannuation solution in partnership with TAL, broadening retirement income options on its platform. This innovative product functions as a Retirement Income Stream providing lifelong income, combining features of an account-based pension with concessional Centrelink asset test treatment. This launch aligns with HUB24’s strategic emphasis on equipping advisers with comprehensive solutions to meet varied client retirement needs and strengthen the platform’s value proposition.
The lifetime super product launch occurs amid strong structural growth drivers in the wealth advice sector, fueled by demographic trends and Australia’s compulsory superannuation system, which ensures a steady influx of assets requiring professional management. Proposed federal budget tax changes further highlight the necessity for expert financial advice, as clients seek to optimize superannuation strategies. HUB24’s enhanced retirement solutions position it to capture increased adviser engagement and net inflows as clients navigate evolving regulatory landscapes.
HUB24 Platform Achieves Top Net Promoter Scores and Adviser Satisfaction Rankings
HUB24 Platform earned the highest Net Promoter Score (NPS) among all platforms in both the Investment Trends 2026 Adviser Technology Needs Report and the Wealth Insights Platform NPS Report, indicating exceptional adviser satisfaction. These independent surveys assess platform quality perceptions, underscoring HUB24’s competitive advantage within the adviser distribution channel. The top NPS rankings reflect the company’s successful investments in innovation and customer service, fostering adviser retention and growth.
Additionally, HUB24 secured first or second place in 15 of 22 categories in the Investment Trends survey, including Managed Accounts Capabilities, Client Onboarding Tools, Tax Reporting and Optimisation, Online Transaction Capabilities, Planning Software Integration, Investment Range, and Cyber Security. It also ranked first for Actual Advocacy, measuring advisers’ willingness to recommend HUB24. The Wealth Insights 2026 Platform Service Level Report placed HUB24 first in Platform Offering, BDM Support, Reporting and Communication, IT and Web Functionality, and Image and Reputation. These consistent top-tier results validate HUB24’s strong competitive positioning and adviser loyalty.
Class SMSF Software Sees Largest Annual Account Growth Since FY18 and Innovation Accolades
HUB24’s Class division, delivering SMSF software to accountants, experienced robust growth in FY26, with total accounts across Class Super, Class Portfolio, and Class Trust reaching 226,767 as of 30 June 2026, a 5% year-on-year increase. The division added 11,092 accounts during FY26, marking its largest annual increase since FY18 and signaling accelerating adoption among SMSF accountants.
Class Super was named the most innovative SMSF software provider in the Investment Trends 2026 SMSF Adviser and Accountant Report and achieved the highest brand awareness among SMSF accountants. In Q4 FY26, Class launched Intelligent Matching, an AI-powered tool that automates transaction reconciliation, enhancing efficiency by matching frequent transaction types and flagging exceptions for review. This feature addresses a major productivity challenge for accountants, supporting Class’s innovation leadership and potential for continued account growth.
NowInfinity Document Management and Corporate Messenger Solutions Experience Strong User Growth
HUB24’s NowInfinity division expanded its user base in FY26, with Document Orders rising 15% year-on-year to 245,359 as of 30 June 2026. Corporate Messenger users increased 11% year-on-year to 943,039 in Q4 FY26, reflecting widespread adoption across the business community. NowInfinity was also recognized as the most used legal document provider for SMSFs in the Investment Trends survey, affirming its market leadership in SMSF documentation.
The robust growth in NowInfinity’s document management and communication services highlights this segment as a significant contributor to HUB24’s diversified portfolio. Although specific revenue contributions were not disclosed, the strong usage metrics suggest meaningful impact on overall company performance and complement the core Platform business.
Market Volatility and Tax Policy Changes Strengthen Long-Term Growth Prospects for Wealth Administration
HUB24’s update notes that Q4 FY26 net inflows maintained steady momentum despite market volatility and proposed federal tax reforms. While tax changes posed challenges for Investor Directed Portfolio Services (IDPS) net inflows, these were offset by continued superannuation net inflow growth. The company emphasized that tax reforms increase the demand for professional financial advice, enhancing the appeal of the superannuation system and benefiting wealth advisers and platform providers.
Structural growth drivers such as demographic shifts and Australia’s compulsory superannuation system underpin strong demand for financial advice and asset administration. With a robust pipeline of opportunities across new and existing adviser relationships and a comprehensive product suite spanning custodial platforms, SMSF software, and document management, HUB24 is well-positioned to capitalize on these trends. Its diversified offerings reduce reliance on any single product or market segment, supporting sustainable growth.
Gross Inflows Demonstrate 4% Year-on-Year Growth Amid Market Challenges
HUB24 Platform’s gross inflows remained resilient in FY26 despite market and regulatory uncertainties. Q4 FY26 gross inflows reached $9.22 billion, a 4% increase compared to $8.901 billion in Q4 FY25. This growth reflects continued strong adviser referrals and client adoption despite external headwinds.
The distinction between gross and net inflows highlights market dynamics affecting platform providers. Gross inflows represent new funds entering the platform, while net inflows account for inflows minus outflows. The 4% gross inflows growth, alongside stable net inflows excluding large migrations, indicates that increased outflows were more than offset by new adviser relationships and higher platform usage. This dynamic confirms robust demand for HUB24’s solutions amid federal tax policy uncertainties.
