BGC · BGC Group, Inc.

Track BGC — free

$12.01 -0.11 (-0.91%) At close · Aug 31

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$5.71B

475.47M

Up next

Next earnings call

Oct 29, 2026 Est · unconfirmed · in 8 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Aug 10, 2026

AI Brief

Q1 FY26 earnings call · May 7, 2026

Q1 FY26

TL;DR. BGC Group reported record Q1 2026 revenues of $955.5 million, up 43.8% year-over-year, with growth across every asset class and geography and all-time-high pretax earnings up 44.9% to $232.1 million, partly aided by elevated volatility from the Iran conflict.

Bullish

+ Revenues rose 43.8% YoY to a record $955.5 million, with growth across every asset class and geography. new
+ Pretax adjusted earnings hit an all-time high of $232.1 million, up 44.9%, with pretax margin of 24.3%. new
+ ECS revenues more than doubled (+120.1%) to $330 million, reinforcing BGC's position as the world's largest energy broker. new
+ FMX UST ADV grew 51% to a record ~$90 billion with 41% market share, up from 33% a year ago; FMX FX ADV up 42% to a record $20.5 billion. new
+ Post-tax adjusted EPS rose 41.4% to $0.41, and GAAP diluted EPS rose 54.5% to $0.17. new
+ Cost reduction program raised to $35 million of annualized savings (from $25 million previously), with further initiatives planned in 2026. new

Bearish

− Compensation and employee benefits under GAAP increased 57.3% and 51.5% on an adjusted basis, outpacing revenue growth and pressuring margins. new
− April trading was described as challenged due to tough comparisons to the prior-year Liberation Day tariff-driven volumes and a $20 million Q1 Iran conflict boost that will not repeat. new
− KACE sale and logistics business closure removed $10 million of quarterly revenue, creating a drag on reported growth. new
− FMX futures open interest declined quarter-to-date from Q1 highs amid a risk-off mentality tied to the Iran conflict, though management expects recovery. new
− Adjusted EBITDA grew 26.7% to $253.2 million, significantly slower than the 43.8% revenue increase, reflecting margin pressure from the OTC acquisition and compensation growth. new
− Non-compensation expenses under GAAP rose 33.4%, driven largely by the OTC acquisition; excluding OTC they still rose 19%. new

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Strong Buy Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Moderate

Market backdrop VIX 14.9 · calm Equity put/call 0.70

Technical

price trend

Strong Buy

50 / 200-day cross No cross

Price vs 200-day avg +18%

above

Price vs 50-day avg +6%

above

RSI (14) 61

neutral

MACD trend Positive

52-week position 85%

near high

Momentum

relative strength

Very Strong

1-month return +5%

trailing

6-month return +31%

trailing

YTD return +34%

this year

Relative strength +18%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $11 › 200d $10 — 50d above 200d

Institutional flow Accumulating

+3% holders QoQ · +57 funds added

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

2.50% of float · ▲ +16.7% MoM · 4.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

369 holders — near 3-yr high, broad support

Squeeze score 58

elevated · 0–100

Fundamentals

Strong

Revenue growth +30%

Y/Y

EPS growth +24%

Y/Y

Free cash flow $372.9M

Valuation P/E 29.3

rich

Buyback $274.6M

remaining

Balance sheet $706.5M

net debt

Quant / Vol

risk profile

Moderate

Volatility 33%

annualized · 1-yr

Max drawdown −20%

past year

ATR 3.2%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 8 of last 8

Latest guidance · from the 8-K filed Jul 30, 2026

Revenues · 3Q 2026 Initiated $775M – $835M

prior qtr $845.55M midpoint −4.8% QoQ

Pre-tax Adjusted Earnings · 3Q 2026 Non-GAAP Initiated $172M – $190M

Prior guidance period ended · from the 8-K filed May 7, 2026

Revenues · 2Q 2026 $785M – $845M

Pre-tax Adjusted Earnings · 2Q 2026 $178M – $196M

Guided vs delivered · last 8 settled

Revenues 2Q 2026

guided $785M – $845M

guided $785M – $845M $845.55M Beat +3.7%

Revenues 4Q 2025

guided $720M – $770M

guided $720M – $770M $756.37M In line

Revenues 3Q 2025

guided $715M – $765M

guided $715M – $765M $736.85M In line

Revenues 2Q 2025

guided $715M – $765M

guided $715M – $765M $784M Beat +5.9%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy

0 · 2 · 4

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+18% Bullish

Price vs 50-day avg

+6% Bullish

RSI (14)

61 Neutral

MACD trend

Positive Bullish

52-week position

85% Bullish

Market signals — smart money & positioning

Bullish · 2 of 6

Trend (MA cross) No cross

50d $11 › 200d $10 — 50d above 200d

Institutional flow Accumulating

+3% holders QoQ · +57 funds added

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

2.50% of float · ▲ +16.7% MoM · 4.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

369 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $8 Now $12 · 85% Range high $13

vs 200-day avg +18% vs 50-day avg +6%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted Earnings before noncontrolling interest in subsidiaries and taxes non-GAAP	$192.9M	2Q26	—

GAAP → non-GAAP reconciliation GAAP GAAP income (loss) from operations before income taxes 98.94M +75.56M Equity-based compensation and allocations of net income to limited partnership units +6.64M Other Compensation charges +10M Amortization of intangibles +1.12M Impairment charges +27.4M Other -20M Losses (gains) on divestitures -640K Fair value adjustment of investments -6.15M Other net (gains) losses = Adjusted Earnings before noncontrolling interest in subsidiaries and taxes 192.88M
Adjusted EBITDA non-GAAP	$228.7M	2Q26	—

GAAP → non-GAAP reconciliation GAAP GAAP net income (loss) available to common stockholders 72.49M +30.11M Provision for income taxes -3.65M Net income (loss) attributable to noncontrolling interest in subsidiaries +32.8M Interest expense +25.63M Fixed asset depreciation and intangible asset amortization +1.12M Impairment of long-lived assets +75.56M Equity-based compensation and allocations of net income to limited partnership units -5.73M (Gains) losses on equity method investments +382K Other non-cash GAAP expenses = Adjusted EBITDA 228.7M
FMX Futures Exchange ADV	54,000	2Q26	—
FMX FX ADV	18B	2Q26	—

FMX total open interest	140,000	2Q26	—
FMX UST average daily volume	79.4B	2Q26	—
FMX UST market share	42%	2Q26	—

Fully diluted weighted-average shares of common stock outstanding non-GAAP	495.36M	Q2 2026	—
PortfolioMatch ADV	$431M	2Q26	—
Post-tax Adjusted Earnings non-GAAP	$171M	2Q26	—

GAAP → non-GAAP reconciliation GAAP GAAP net income (loss) available to common stockholders 72.49M +93.94M Total pre-tax adjustments (from above) +4.53M Income tax adjustment to reflect adjusted earnings taxes = Post-tax adjusted earnings 170.95M
Post-tax Adjusted Earnings per share non-GAAP	$0.35	2Q26	—

GAAP → non-GAAP reconciliation GAAP GAAP fully diluted earnings (loss) per share $0.15 +$0.19 Total pre-tax adjustments (from above) +$0.01 Income tax adjustment to reflect adjusted earnings taxes = Post-tax adjusted earnings per share $0.35
FMX Futures Exchange quarter-end open interest	143,000	1Q26	—
FMX UST ADV	$89.7B	1Q26	—
Fully diluted weighted-average share count for Adjusted Earnings non-GAAP	495.2M	1Q26	—
Pre-tax Adjusted Earnings non-GAAP	$232.1M	1Q26	—
Pre-tax Adjusted Earnings margin non-GAAP	24.3%	1Q26	—
SOFR ADV	39,000	1Q26	—
Dividends declared per share of common stock	$0.08	FY 2025	—
Total Liquidity	$979.12M	December 31,2025	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Capital Markets — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
BGC BGC Group, Inc. this stock	$5.71B	+34.5%	+30.0%	29.3	2.5%
MS Morgan Stanley	$337.31B	+20.2%	+5.5%	17.4	0.9%
GS Goldman Sachs Group Inc	$301.07B	+16.7%	+8.9%	16.0	2.1%
SCHW Schwab Charles Corp	$190.50B	+9.9%	+22.0%	20.1	1.0%
HOOD Robinhood Markets, Inc.	$93.74B	-7.3%	+51.6%	46.1	3.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

369

% held: 65.4%
Net QoQ: +10.3M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

321

View

Short & Settlement

Short Interest Rising

Shares short

11.9M

Days to cover: 4.3d
Change: +1.7M sh

View

Short Volume

Short vol %

61%

As of: Aug 31, 2026

Short Total

View

Fails to Deliver

FTD shares

40.0K

Value: $455.3K
As of: Aug 4, 2026

View

Off-Exchange

Off-exchange %

38.0%

Week of: Jul 27, 2026

Off-exch Lit

View

Financials

Revenue (FY)

$2.9B

Net income (FY): $155.0M
EPS diluted: $0.31

View

Buybacks

Authorized

$400.0M

Remaining: $274.6M

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Aug 10, 2026
This year: 11

View

Earnings & Events

Earnings Calls

Last call

Jul 30, 2026

View

Performance

	5D	20D	120D	MTD	YTD
BGC	+0.5%	+5.4%	+30.8%	+4.3%	+34.5%
SPY	+0.5%	+1.2%	+13.3%	+2.7%	+12.5%
vs SPY	+0.0%	+4.2%	+17.6%	+1.6%	+22.0%

Capital returns

Latest dividend

$0.02 / share · ex Aug 19, 2026

Raised 100%

Paid (TTM)

$0.08 / share · 4 payouts

Dividend yield (TTM, derived)

0.67%

Buyback program · as of Jun 30, 2026

Authorized

$400.00M

Spent (derived)

$125.43M

Remaining

$274.57M

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1094831 CUSIP 088929104 13F (30d) 283 filings 266 filers Visit website Investor relations

BGC · BGC Group, Inc.

Price & Indicators

Up next

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns