content: <PAGE>
  
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
  
                                 --------------
  
                                    FORM 8-K
                                 CURRENT REPORT
  
  
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934
  
  
  Date of Report (Date of earliest event reported) April 12, 2000
                                                   --------------
  
  
                               E*TRADE Group, Inc.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)
  
  
            Delaware                  1-11921                94-2844166
  --------------------------------------------------------------------------------
  (State or other jurisdiction      (Commission             (IRS Employer
        of incorporation)            File Number)         Identification No.)
  
  
  4500 Bohannon Drive, Menlo Park, California                   94025
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                    (Zip Code)
  
  
  Registrant's telephone number, including area code:    (650) 331-6000
  --------------------------------------------------------------------------------
  
                                  Not Applicable
  --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report.)
  
                                         1
  <PAGE>
  
  Item 5. Other Events
  
    On April 12, 2000, E*TRADE Group, Inc. ("E*TRADE") announced its financial
  results for the quarter ended March 31, 2000, reporting net revenues of $407
  million, net loss of $23 million, and basic and diluted net loss per share of
  $0.08 for the three months ended March 31, 2000 and net revenues of $675
  million, net loss of $28 million, and basic and diluted net loss per share of
  $0.11 for the six months ended March 31, 2000. A copy of E*TRADE's
  Consolidated Balance Sheets at March 31, 2000 and September 30, 1999 and
  Consolidated Statements of Operations for the three and six months ended March
  31, 2000 and 1999 are attached as Exhibit 99.1 hereto. This Form 8-K is being
  filed to present the first period of consolidated results of E*TRADE and
  Telebanc Financial Corporation ("Telebanc"). Consolidated results give
  retroactive effect to E*TRADE's merger with Telebanc on January 12, 2000 which
  was accounted for as a pooling of interests.
  
  Item 7.  Financial Statements and Exhibits
  
      (c)  Exhibits
  
           99.1   Consolidated Statements of Operations for the three and six
                  months ended March 31, 2000 and 1999 and Consolidated Balance
                  Sheets at March 31, 2000 and September 30, 1999.
  
                                    SIGNATURES
  
    Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned, thereunto duly authorized.
  
                                    E*TRADE Group, Inc.
                                    (Registrant)
  
  
                                    Dated: April 17, 2000
  
  
  
                                      By:          /s/ Leonard C. Purkis
                                          --------------------------------------
                                                     Leonard C. Purkis
  
                                                  Chief Financial Officer
                                                 (principal financial and
                                                    accounting officer)
  
                                         2
  <PAGE>
  
                                   EXHIBIT INDEX
  
  
  Exhibit             Description
  -------             -----------
  
  
     99.1         Consolidated Statements of Operations for the three and six
                  months ended March 31, 2000 and 1999 and Consolidated Balance
                  Sheets at March 31, 2000 and September 30, 1999.
  
                                         3
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 4128}]
metadata_filer: {"company-data": {"conformed-name": "E TRADE GROUP INC", "cik": "0001015780", "assigned-sic": "6211", "irs-number": "942844166", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11921", "film-number": "603397"}, "business-address": {"street1": "4500 BOHANNON DRIVE", "city": "MENLO PARK", "state": "CA", "zip": "94025", "phone": "6508422500"}, "mail-address": {"street1": "4500 BOHANNON DRIVE", "city": "MENLO PARK", "state": "CA", "zip": "94025"}}
text: SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
  
                                 --------------
  
                                    FORM 8-K
                                 CURRENT REPORT
  
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported) April 12, 2000
                                                   --------------
  
                               E*TRADE Group, Inc.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)
  
            Delaware                  1-11921                94-2844166
  --------------------------------------------------------------------------------
  (State or other jurisdiction      (Commission             (IRS Employer
        of incorporation)            File Number)         Identification No.)
  
  4500 Bohannon Drive, Menlo Park, California                   94025
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                    (Zip Code)
  
  Registrant's telephone number, including area code:    (650) 331-6000
  --------------------------------------------------------------------------------
  
                                  Not Applicable
  --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report.)
  
                                         1
  Item 5. Other Events
  
    On April 12, 2000, E*TRADE Group, Inc. ("E*TRADE") announced its financial
  results for the quarter ended March 31, 2000, reporting net revenues of $407
  million, net loss of $23 million, and basic and diluted net loss per share of
  $0.08 for the three months ended March 31, 2000 and net revenues of $675
  million, net loss of $28 million, and basic and diluted net loss per share of
  $0.11 for the six months ended March 31, 2000. A copy of E*TRADE's
  Consolidated Balance Sheets at March 31, 2000 and September 30, 1999 and
  Consolidated Statements of Operations for the three and six months ended March
  31, 2000 and 1999 are attached as Exhibit 99.1 hereto. This Form 8-K is being
  filed to present the first period of consolidated results of E*TRADE and
  Telebanc Financial Corporation ("Telebanc"). Consolidated results give
  retroactive effect to E*TRADE's merger with Telebanc on January 12, 2000 which
  was accounted for as a pooling of interests.
  
  Item 7.  Financial Statements and Exhibits
  
      (c)  Exhibits
  
           99.1   Consolidated Statements of Operations for the three and six
                  months ended March 31, 2000 and 1999 and Consolidated Balance
                  Sheets at March 31, 2000 and September 30, 1999.
  
                                    SIGNATURES
  
    Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned, thereunto duly authorized.
  
                                    E*TRADE Group, Inc.
                                    (Registrant)
  
                                    Dated: April 17, 2000
  
                                      By:          /s/ Leonard C. Purkis
                                          --------------------------------------
                                                     Leonard C. Purkis
  
                                                  Chief Financial Officer
                                                 (principal financial and
                                                    accounting officer)
  
                                         2
  EXHIBIT INDEX
  
  Exhibit             Description
  -------             -----------
  
     99.1         Consolidated Statements of Operations for the three and six
                  months ended March 31, 2000 and 1999 and Consolidated Balance
                  Sheets at March 31, 2000 and September 30, 1999.
  
                                         3