Marex Group
Connects commodity and financial-market clients through clearing, execution, liquidity and hedging.
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Profile
Provides clearing, agency execution, prime services, market making and tailored hedging and investment products across commodity and financial markets. Revenue comes from commissions, trading spreads, product pricing and interest on client balances, linking performance to trading activity, interest rates and regulated market access.
Connects commodity producers, consumers and financial institutions to global markets through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions. These businesses provide exchange access and clearing, broker listed and over-the-counter trades, supply prime and financing services, quote principal liquidity, and create bespoke hedges and structured notes.
Operates across Europe, the Americas, Asia and the Middle East through an office and exchange network. Revenue combines commissions, trading spreads, returns embedded in product pricing and interest on client balances. A shared platform supports cross-selling, while acquisitions extend product and regional coverage.
Works through regulated subsidiaries with jurisdiction-specific capital and liquidity requirements. Results depend on transaction activity, client balances, interest rates, exchange and clearing access and the control of market, counterparty, liquidity and technology risks.
Company facts
Categories
Key statistics
Year to date +92.0% · Average volume (30d) 639.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Goldman Sachs | Reiterate | Buy | $33 | $80 |
| Aug 13, 2026 | UBS | Reiterate | Buy | $36 | $90 |
| Aug 13, 2026 | Barclays | Reiterate | Overweight | $76 | $86 |
| Jul 20, 2026 | Jefferies | Reiterate | Buy | $24 | $80 |
| Jul 15, 2026 | Piper Sandler | Reiterate | Overweight | $55 | $75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $1.36 | $1.64 | +20.6% | $625.3M | $695.8M | +11.3% | +18.69% |
| May 6, 2026 | $1.40 | $1.48 | +5.7% | $522.9M | $572.1M | +9.4% | +3.59% |
| Mar 3, 2026Q4 FY25 | $1.02 | $1.13 | +10.8% | $470.3M | $500.1M | +6.3% | −3.62% |
| Aug 13, 2025Q2 FY25 | $0.89 | $1.02 | +14.2% | $455.2M | $467.3M | +2.7% | +0.62% |
Financial highlights
| 12 quarters | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $720.7M | $740.0M | $2.15B | $500.1M | $3.13B | $2.03B | |
| Gross profit | $720.7M | $291.1M | $996.1M | $194.2M | $2.52B | $2.03B | |
| Operating income | −$116.7M | $391.2M | $437.1M | $100.8M | $1.06B | $1.20B | |
| Net income | $50.5M | $102.9M | $115.1M | $76.7M | $231.5M | $267.7M | |
| Diluted EPS | $0.72 | $1.33 | $1.39 | $1.91 | $0.92 | $2.96 | |
| Gross margin | 100.0% | 39.3% | 46.2% | 38.8% | 80.5% | 100.0% | |
| Operating margin | -16.2% | 52.9% | 20.3% | 20.2% | 33.9% | 59.0% |
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $0 · Total debt $2.82B · Total assets $42.13B · Shareholders' equity $1.87B
Dividends
Last raised to $0.16 from $0.15 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 24, 2026 | Aug 24 | Sep 9 | $0.16 | |
| May 18, 2026 | May 18 | Jun 3 | $0.16 | raised from $0.15 |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.15 | |
| Nov 17, 2025 | Nov 17 | Dec 3 | $0.15 | |
| Aug 26, 2025 | Aug 26 | Sep 11 | $0.15 | |
| May 27, 2025 | May 27 | Jun 10 | $0.15 | raised from $0.14 |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.14 | |
| Nov 25, 2024 | Nov 25 | Dec 10 | $0.14 |
Ownership
Shares outstanding 71.93M · Float 53.50M · 74.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Amphitryon Limited (in liquidation) | 14.37M | 20.40% | 13G | Nov 14, 2024 |
| MASP Investor Limited Partnership | 10.08M | 14.30% | 13G | Nov 14, 2024 |
| JRJ Investor 1 LP | 7.16M | 9.99% | 13G | Jul 24, 2025 |
| FMR LLC | 5.37M | 7.46% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 4.92M | 6.84% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Rob Irvin | director, officer: Chief Financial Officer | −3,700 | $70.96 |
| Aug 10, 2026 | Paolo Tonucci | officer: See Remarks | −16,668 | $60.92 |
| Jul 13, 2026 | Paolo Tonucci | officer: See Remarks | −16,666 | $64.42 |
| Jul 13, 2026 | Ian T. Lowitt | director, officer: Chief Executive Officer | −37,142 | $64.39 |
| Jun 15, 2026 | Paolo Tonucci | officer: See Remarks | −16,666 | $62.45 |
Peers
- StoneX Group
Multi-segment overlap in clearing, execution and hedging
- BGC Group
OTC brokerage and energy-market infrastructure rival
- JPMorgan Chase
Large-bank rival in markets, clearing and structured products
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marex Group | $72.84 | 0.00% | $5.24B | 11.0 | 12.4 | 1.0 | +48.9% |
| StoneX Group | $68.64 | 0.00% | $8.16B | 11.9 | 16.5 | 0.1 | +43.3% |
| BGC Group | $12.12 | 0.00% | $5.75B | 29.1 | 8.2 | 1.7 | +7.9% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Median | 15.4 | 14.8 | 1.7 | +27.8% |