BGC reported FY 2025 total revenues of USD 2.9 billion (+30.0%), driven by brokerage revenues of USD 2.7 billion (+32.4%). FY 2025 income from operations before income taxes was USD 213.7 million, while consolidated net income was USD 146.5 million and net income available to common stockholders was USD 155.0 million. FY 2025 total expenses were USD 2.8 billion (+29.1%), including total compensation and employee benefits of USD 2.0 billion. By asset class in FY 2025, brokerage revenues were led by ECS at USD 910.7 million (+88.4%), followed by Rates at USD 794.2 million (+15.9%), FX at USD 428.0 million (+19.3%), Credit at USD 295.6 million (+2.9%) and Equities at USD 269.9 million (+20.6%). Data, network and post-trade revenues were USD 139.0 million (+9.5%), and interest and dividend income was USD 53.8 million (-4.3%). In Q4 2025, total revenues were USD 756.4 million and net income available to common stockholders was USD 14.4 million. Fenics revenues rose to USD 163.9 million in Q4 2025 (+15.4%) and USD 659.5 million in FY 2025 (+15.5%), with Fenics Growth Platforms revenue of USD 27.2 million in Q4 and USD 106.1 million in FY 2025. Corporate and business updates included the April 1, 2025 acquisition of OTC Global (USD 341.7 million of revenue and USD 32.9 million of pre-tax income included from April 1, 2025 through December 31, 2025), the October 1, 2025 acquisition of Macro Hive, and the December 31, 2025 acquisition of AMCOM. BGC also sold its kACE analytics brand to smartTrade on December 31, 2025 for up to USD 119.0 million (USD 80.0 million initial consideration plus up to USD 39.0 million contingent consideration), recording a FY 2025 gain on divestiture of USD 66.7 million. In FMX, FMX Futures Exchange launched U.S. Treasury futures on May 18, 2025, while FMX UST posted Q4 2025 ADV of USD 58.7 billion and FMX FX Q4 2025 ADV of USD 15.5 billion. BGC ended FY 2025 with liquidity of USD 979.1 million and cash and cash equivalents of USD 851.5 million, and repurchased 30.2 million Class A shares for USD 281.5 million in FY 2025. The company also recorded FY 2025 cost reduction program compensation charges of USD 64.2 million and said the first phase is expected to deliver USD 25.0 million of annualized savings in 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BGC Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-013162), on March 02, 2026, and is solely responsible for the information contained therein.
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