BGC Group
Institutional brokerage across energy, commodities, rates, currencies, credit and equities.
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Profile
Arranges institutional trades in energy, commodities, shipping, rates, foreign exchange, credit and equities, primarily through brokerage commissions and principal transactions. Voice and hybrid execution sit alongside Fenics’ electronic markets, data and connectivity platforms, with activity concentrated in Energy, Commodities and Shipping and rates.
Arranges and executes institutional trades across Energy, Commodities and Shipping, rates, foreign exchange, credit and equities, earning most revenue from brokerage commissions and principal transactions. Coverage spans physical commodities, fixed-income securities and derivatives, currencies, futures and options.
Combines voice and hybrid brokers with Fenics’ fully electronic venues, market data, Lucera connectivity and post-trade services. FMX supplies cash U.S. Treasury, spot foreign exchange and interest-rate futures markets; PortfolioMatch supports electronic credit trading. Operations serve institutions across the Americas, Europe, the Middle East and Asia-Pacific.
Results depend on client trading activity and market conditions; Energy, Commodities and Shipping and rates are the largest brokerage categories. Broker-dealer, exchange, data and clearing activities operate under jurisdiction-specific regulation and capital requirements.
Company facts
Categories
Key statistics
Year to date +35.6% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.34 | $0.35 | +4.5% | $812.8M | $845.5M | +4.0% | −0.76% |
| May 7, 2026Q1 FY26 | $0.41 | $0.41 | 0.0% | $923.4M | $955.5M | +3.5% | +0.89% |
| Feb 12, 2026Q4 FY25 | $0.29 | $0.31 | +6.9% | $750.9M | $756.4M | +0.7% | −3.05% |
| Nov 6, 2025Q3 FY25 | $0.28 | $0.29 | +3.6% | $746.9M | $722.8M | −3.2% | +1.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $652.6M | $768.7M | $722.8M | $823.1M | $955.5M | $865.5M | |
| Gross profit | $285.1M | $325.2M | $295.9M | $738.5M | $874.2M | $784.1M | |
| Operating income | $101.5M | $115.5M | $93.4M | $42.8M | $141.0M | $124.7M | |
| Net income | $55.2M | $57.5M | $27.9M | $14.4M | $84.1M | $72.5M | |
| Diluted EPS | $0.11 | $0.11 | $0.06 | $0.03 | $0.18 | $0.15 | |
| Gross margin | 43.7% | 42.3% | 40.9% | 89.7% | 91.5% | 90.6% | |
| Operating margin | 15.6% | 15.0% | 12.9% | 5.2% | 14.8% | 14.4% |
Fiscal years (4-quarter sums)FY21 $1.99B · FY22 $1.77B · FY23 $1.98B · FY24 $2.21B · FY25 $2.97B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $881.1M · Total debt $1.77B · Total assets $5.75B · Shareholders' equity $1.11B
Dividends
Raised for 5 straight years — most recently to $0.02 from $0.01 in May 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Sep 2 | $0.02 | |
| May 27, 2026 | May 27 | Jun 10 | $0.02 | |
| Mar 4, 2026 | Mar 4 | Mar 18 | $0.02 | |
| Nov 26, 2025 | Nov 26 | Dec 10 | $0.02 | |
| Aug 20, 2025 | Aug 20 | Sep 3 | $0.02 | |
| May 27, 2025 | May 27 | Jun 10 | $0.02 | |
| Mar 6, 2025 | Mar 6 | Mar 20 | $0.02 | |
| Nov 21, 2024 | Nov 21 | Dec 4 | $0.02 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 474.01M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| CF Group Management Inc · director, 10 percent owner, other: Managing General Partner CFLP | 105.29M | 22.21% | Form 4 | Oct 6, 2025 |
| Brandon Lutnick · director, 10 percent owner: | 102.42M | 21.61% | Form 4 | Oct 6, 2025 |
| Fitzgerald L. P. Cantor · director, 10 percent owner: | 102.31M | 21.58% | Form 4 | Oct 6, 2025 |
| BlackRock, Inc. | 57.48M | 12.13% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 25.74M | 5.43% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 5, 2026 | Jean-Pierre Aubin | officer: Co-Chief Executive Officer | −10,000 | $9.55 |
| Oct 6, 2025 | Brandon Lutnick | director, 10 percent owner: | +13,520,808 | $6.40 |
| Oct 6, 2025 | Howard W. Lutnick | director, 10 percent owner: | −109,833,810 | $0.7615 |
| Oct 6, 2025 | Fitzgerald L. P. Cantor | director, 10 percent owner: | +8,973,721 | $9.21 |
| Oct 6, 2025 | CF Group Management Inc | director, 10 percent owner, other: Managing General Partner CFLP | +8,973,721 | $9.21 |
Peers
- CME Group
Incumbent rates-futures exchange challenged by FMX
- Marex Group
Commodities, clearing and agency-execution peer to ECS
- Tradeweb
Electronic rates and credit venue overlapping Fenics
- StoneX Group
Commodities, derivatives, OTC and clearing competitor to ECS
- MarketAxess
Electronic credit and fixed-income liquidity competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BGC Group | $12.12 | 0.00% | $5.75B | 29.1 | 8.2 | 1.7 | +7.9% |
| CME Group | $269.56 | −5.68% | $102.77B | 24.2 | 23.0 | 15.2 | +0.8% |
| Marex Group | $72.84 | 0.00% | $5.24B | 11.0 | 12.4 | 1.0 | +48.9% |
| Tradeweb | $108.87 | 0.00% | $23.18B | 26.0 | 25.6 | 10.5 | +9.0% |
| StoneX Group | $68.64 | 0.00% | $8.16B | 11.9 | 16.5 | 0.1 | +43.3% |
| MarketAxess | $162.72 | 0.00% | $5.73B | 19.2 | 19.7 | 6.6 | −2.8% |
| Median | 19.2 | 19.7 | 6.6 | +9.0% |