Earnings summaries and quarterly performance for BGC Group.
Executive leadership at BGC Group.
Board of directors at BGC Group.
Research analysts who have asked questions during BGC Group earnings calls.
Recent press releases and 8-K filings for BGC.
BGC Group Announces Agreement to Sell kACE Financial
BGC
M&A
- BGC Group has entered into a definitive agreement to sell its kACE Financial business, a provider of real-time pricing and advanced analytics platforms for complex FX derivatives, to smartTrade Technologies SAS.
- The transaction is valued at up to $119 million, which includes an initial payment of $80 million and up to an additional $39 million in contingent cash consideration based on defined performance metrics.
- The sale is expected to close by the end of 2025 and is intended to deliver significant value for shareholders and allow BGC to focus on expanding its high-margin, technology-driven Fenics platforms.
Dec 11, 2025, 1:00 PM
BGC Announces Strong Q3 2025 Results and Positive Outlook
BGC
Earnings
Guidance Update
M&A
- BGC reported record Q3 2025 revenues of $736.8 million, a 31.3% increase year-over-year.
- GAAP net income for fully diluted shares grew 88.6% to $26.8 million, resulting in $0.06 GAAP fully diluted EPS, while Post-tax Adjusted Earnings increased 11.5% to $141.1 million, or $0.29 per share.
- The Energy, Commodities, & Shipping (ECS) segment achieved record Q3 revenue of $242 million, up 114% year-over-year, significantly driven by the $325 million OTC acquisition completed on April 1, 2025, which is immediately accretive.
- For Q4 2025, BGC projects revenues between $720 million and $770 million and Pre-tax Adjusted Earnings of $152.5 million to $167.5 million. The full-year 2025 outlook includes revenues of $2,905 million to $2,955 million and Pre-tax Adjusted Earnings of $641 million to $656 million.
Nov 6, 2025, 3:00 PM
BGC Group Reports Record Q3 2025 Revenues and Provides Q4 2025 Guidance
BGC
Earnings
Guidance Update
Share Buyback
- BGC Group reported record third quarter 2025 revenues of $737 million, marking a 31% increase from the prior year, with revenues excluding OTC also reaching a record of $628 million, up 12%.
- Pre-tax adjusted earnings grew by 22.4% to $155.1 million, and post-tax adjusted earnings per share was $0.29 for Q3 2025.
- The company's FMX platform continued to outperform, with U.S. Treasury market share growing to an all-time high of 37% and SOFR Futures average daily volume and open interest increasing more than threefold versus the previous quarter.
- BGC Group reapproved a $400 million share repurchase authorization and expects to complete a $25 million cost reduction program by year-end 2025.
- For the fourth quarter of 2025, BGC Group expects revenues between $720 million and $770 million and pre-tax adjusted earnings between $152.5 million and $167.5 million.
Nov 6, 2025, 3:00 PM
BGC Group Reports Record Q3 2025 Revenues and Provides Q4 2025 Guidance
BGC
Earnings
Guidance Update
Share Buyback
- BGC Group reported record third quarter 2025 revenues of $737 million, marking a 31% increase year-over-year, and achieved pre-tax adjusted earnings of $155.1 million, up 22.4%.
- The company's FMX platform demonstrated strong performance, with its US Treasury market share reaching an all-time high of 37% and FMX UST average daily volume hitting a record $59.4 billion in Q3 2025.
- For the fourth quarter of 2025, BGC Group anticipates revenues between $720 million and $770 million, representing approximately 30% growth at the midpoint, and expects pre-tax adjusted earnings in the range of $152.5 million to $167.5 million.
- BGC's board reapproved a share repurchase authorization for up to $400 million on November 5, 2025, with plans to further reduce the full-year share count in Q4 2025.
Nov 6, 2025, 3:00 PM
BGC Reports Record Q3 2025 Results and Provides Q4 2025 Outlook
BGC
Earnings
Guidance Update
Share Buyback
- BGC achieved record third quarter 2025 revenues of $736.8 million, marking a 31% increase from the prior year, with revenues excluding OTC also reaching a record $628 million, up 12%. This performance was driven by growth across all asset classes and geographies, including a 114% increase in ECS revenues to $241.6 million and a 12.1% rise in Rates revenues to $195.3 million.
- The company delivered strong profitability, with pre-tax adjusted earnings growing 22.4% to $155.1 million, post-tax adjusted earnings increasing 11.5% to $141.1 million, and post-tax adjusted earnings per share of $0.29. Adjusted EBITDA also rose 10.7% to $167.6 million.
- FMX continued its strong performance, with Fenix revenues increasing 12.7% to a record $160 million for the quarter. FMX US Treasury market share reached an all-time high of 37%, significantly outpacing the market, and SOFR Futures average daily volume (ADV) and open interest increased more than threefold sequentially.
- For the fourth quarter of 2025, BGC expects revenues to be between $720 million and $770 million, representing approximately 30% growth at the midpoint compared to Q4 2024. Pre-tax adjusted earnings are projected to be in the range of $152.5 million to $167.5 million, an approximate 24% earnings growth at the midpoint.
- BGC reapproved a share repurchase authorization for up to $400 million on November 5, 2025, and anticipates further reducing its full-year share count in Q4 2025. The company's $25 million cost reduction program is also on track for completion by year-end.
Nov 6, 2025, 3:00 PM
BGC Group, Inc. Reports Record Q3 2025 Financial Results and Provides Q4 2025 Outlook
BGC
Earnings
Guidance Update
Share Buyback
- BGC Group, Inc. reported record third quarter revenues of $737 million, an increase of 31% year-over-year, and record pre-tax Adjusted Earnings of $155.1 million, up 22.4% for the quarter ended September 30, 2025.
- The company's FMX platform continued to outperform, with U.S. Treasury market share reaching an all-time high of 37%, and Fenics revenues growing by 12.7% to $160.0 million.
- BGC is on track to complete its $25 million cost reduction program by year-end 2025 and reapproved a $400 million Share Repurchase Authorization on November 5, 2025, while also planning to repay $300 million in Senior Notes due December 15, 2025.
- For the fourth quarter of 2025, BGC expects revenues to be between $720 million and $770 million, and pre-tax Adjusted Earnings to range from $152.5 million to $167.5 million.
Nov 6, 2025, 1:06 PM
Quarterly earnings call transcripts for BGC Group.
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