BGC News & Events

Sees Q2 pre-tax adjusted earnings $178M-$196M.

Reports Q1 revenue $955.5M, two estimates $923.36M. John Abularrage, Co-Chief Executive Officer, said: "BGC delivered another record quarter. Revenues increased 44 percent to $955 million, with growth across every asset class and geography. Excluding OTC, revenues grew 23 percent to $817 million, also a record. Additionally, pre-tax earnings hit an all-time high, up more than 44 percent. Our ECS revenues more than doubled to $330 million, reinforcing our position as the world's largest energy broker. FMX posted its best quarter ever, setting ADV records at FMX UST, FMX FX, and FMX Futures. FMX UST ADV grew 51 percent in the first quarter to a record $90 billion, representing 41 percent market share. We built on last year's $25 million cost reduction plan, which is now expected to result in $35 million of annualized cost savings. We will continue to identify and execute cost savings throughout 2026 to drive further margin expansion."

The company states: "BGC expects to be slightly above the high end of its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the first quarter of 2026."

Reports Q4 revenue $756.4M vs. $572.3M last year. Total brokerage revenues grew 34.6%, led by a 92.0% increase in energy, commodities, and shipping vs. last year. "BGC delivered record-breaking revenues for both the fourth quarter and full-year 2025, with increases of 32 percent and 30 percent, respectively," said co-CEO Sean Windeatt.