BGC Group (BGCP) investor relations material

Executive summary

• Achieved record quarterly revenues of $955.5 million, up 44% year-over-year, with growth across all asset classes and geographies.

• Pre-tax earnings reached an all-time high, increasing 44.9% year-over-year.

• Adjusted EBITDA rose 26.7% to $253.2 million, and post-tax adjusted EPS increased 41.4% to $0.41.

• ECS revenues more than doubled to $330 million, reinforcing leadership in energy brokerage.

• Cost reduction plan expanded to $35 million in expected annualized savings.

Financial highlights

• Total brokerage revenues grew 46.7% to $895.8 million.

• ECS revenues surged 120.1% to $330 million, driven by the OTC acquisition and organic growth.

• Rates revenues increased 27.5% to $256.2 million; FX up 19.1% to $131 million; Equities up 34.3% to $84.5 million.

• Fenics revenues rose 19.8% to $206.9 million; Fenics Markets up 20.3% to $176.7 million.

• GAAP net income for fully diluted shares was $80.7 million, up 52.7% year-over-year.

Outlook and guidance

• Q2 2026 revenue guidance: $785–$845 million, implying up to 8% year-over-year growth.

• Q2 pre-tax adjusted earnings guidance: $178–$196 million, up to 13% year-over-year.

• H1 2026 revenue guidance: $1.74–$1.8 billion, up to 24% year-over-year.

• Full-year 2026 adjusted earnings tax rate expected between 11% and 14%.

• Quarterly dividend of $0.02 per share declared.