BGC Group closed 2025 with strong revenues,
as heightened activity across asset classes and the integration of OTC Global
Holdings lifted both quarterly and annual results.
The group reported fourth-quarter revenues of $756.4
million, up 32.2 percent from $572.3 million a year earlier.
Full-year revenues rose 30 percent to $2.94 billion from $2.26 billion in 2024.
Record Q4 and Full-Year Performance
GAAP income from operations before income taxes fell 8
percent in the quarter to $25 million, reflecting $54.8 million of charges linked to a cost reduction program, with $28.1 million of
that impact in cash.
GAAP net income for fully diluted shares declined to $13.9 million from $24.2 million, while GAAP fully diluted
earnings per share came in at $0.03 versus $0.05 a year earlier.
On a non-GAAP basis, pre-tax Adjusted Earnings
increased 24.5 percent to $161.3 million, with a pre-tax margin of 21.3
percent. Post-tax Adjusted Earnings rose 21.1 percent to $149.6 million,
or $0.31 per share, up 24 percent from $0.25 a year earlier.
Adjusted EBITDA was $190.6 million, down 0.8
percent due to restructuring-related charges. For the full year 2025, GAAP net
income for fully diluted shares rose 22.6 percent to $148.7 million,
while post-tax Adjusted Earnings reached $587.5 million, up 20.4 percent
from 488 million dollars in 2024.
OTC Acquisition and Fenics Drive Growth
Total brokerage revenues increased 34.6 percent in Q4
to $694.6 million, supported by gains across major product lines.
Energy, Commodities, and Shipping revenues grew 92 percent to $257.5 million, driven by the OTC acquisition and organic growth; excluding OTC, ECS
still rose 10 percent year-over-year.
Last month BGC Group announced that its subsidiary, BGC Brokers, had obtained authorization from the UK Financial Conduct Authority to operate as a registered benchmark administrator under the UK Benchmarks Regulation.
The approval enables BGC to administer swaps pricing benchmarks covering EUR and GBP interest rate swaps, cross-currency swaps, and both EU and UK inflation swaps, with reference pages for these products now accessible on Bloomberg and LSEG platforms.
Additionally, the group acquired Macro Hive, a global provider of macro market analytics and strategy, in a move that strengthened its presence in the rates and FX markets. The deal also advanced BGC’s efforts to integrate AI technology into its brokerage platform, enhancing its data-driven trading and analysis capabilities.
This article was written by Jared Kirui at www.financemagnates.com.
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