S&P/ASX 200 Index (ASX: XJO) tech stock HUB24 Ltd (ASX: HUB) is flying higher today.

Again.

Shares in the fintech company closed yesterday trading for $81.35. In morning trade on Tuesday, shares are changing hands for $89.79 apiece, up 10.4%.

This sees the Hub24 share price up an eye-watering 139.3% since this time last year.

For some context, the ASX 200 has gained 11.1% over the same period.

Here's why investors are bidding up the ASX 200 tech stock today.

Hub24 share price surges on results

The Hub24 share price is lifting off following the release of the company's half-year results for the six months through 31 December (1H FY 2025).

The ASX 200 tech reported a 41% year on year increase in underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $77.6 million. Total revenue of $195.2 million was up 25%.

Underlying net profit after tax (NPAT) of $42.6 million was up 40% from 1H FY 2024, while statutory NPAT of $33.2 million increased by 54%.

In light of this strong performance, the board declared a fully franked interim dividend of 24.0 cents per share, up 30% from last year's interim dividend.

In other key financial metrics, total funds under administration (FUA) grew to $120.9 billion, with platform FUA increasing to $98.9 billion. This was driven by record half-year platform net inflows of $9.5 billion, up 31% from 1H FY 2024.

And management credited the ASX 200 stock's operational scale and the benefits of investment in automation for the 4.7% year on year underlying EBITDA margin improvement, which increased to 39.8%.

With ongoing investment to support Hub24's increased scale and growth objectives, operating expenses also increased, up 16% to $117.6 million.

What did management say?

Commenting on the results boosting the ASX 200 tech stock today, Hub24 CEO Andrew Alcock said:

As well as achieving record net inflows, we are delighted to have once again been recognised as Australia's Best Platform and Best Platform Managed Accounts Functionality.

The wealth management landscape is continuing to evolve, and financial professionals are seeking solutions that enable productivity so they can empower better financial futures for their clients.

What's next for the ASX 200 tech stock?

Looking at what could impact the Hub24 share price in the months ahead, the ASX 200 tech stock upgraded its platform FUA target for FY 2026 from the range of $115 billion to $123 billion to the new range of $123 billion to $135 billion.

"With significant opportunities from existing and new customers across the group, we expect strong growth and increasing profitability," Alcock said.