BGC Group Inc. Class A Common Stock Earnings Recaps
Q1 2026
May 8, 2026
BGC Group’s shares rose 4.6% following a quarter marked by broad-based revenue growth and milestone market share gains, driven primarily by strong performance in energy broking and electronic trading platforms.
Key takeaways
- Revenues surged 44% to $955 million, with every asset class and geography contributing to growth.
- ECS segment revenues more than doubled to $330 million, cementing BGC’s leading position in energy broking.
- FMX platform posted record U.S. Treasury futures ADV of $90 billion, up 51%, capturing 41% market share and continuing momentum into April.
- Cost reduction efforts extended to $35 million in annualized savings, supporting ongoing margin expansion.
- Despite elevated volatility from the Iran conflict, management attributed most growth to underlying business strength rather than one-off market disruptions.
Q3 2025
Nov 6, 2025
BGC Group achieved record third-quarter revenues of $737 million, reflecting a 31% year-over-year increase, driven by robust growth across all asset classes and geographies.
Key takeaways
- ECS revenues surged 114% to $241.6 million, bolstered by strong organic growth in energy markets.
- U.S. Treasury market share reached an all-time high of 37%, significantly outperforming competitors.
- The company's $25 million cost reduction program is on track for completion by year-end, aimed at enhancing profitability.
- Foreign exchange revenues grew 15.9% to $106.7 million, fueled by strong demand in emerging market currencies.
- FMX set new records for SOFR Futures, with average daily volume and open interest increasing more than threefold.