BGC Group Posts 32% Revenue Increase in Q4 2025 Financial Report

BGC Group has released its financial results for the fourth quarter (Q4) and full year ended December 31, 2025, reporting strong revenue growth across several business segments and continued progress in its cost management strategy.

During the fourth quarter, total revenues reached $756.4 million, reflecting a 32.2% increase compared with the same period last year. Total brokerage revenues rose by 34.6%, supported by higher client activity and increased trading volumes across multiple markets.

Foreign Exchange revenues increased by 9.8% to $102.8 million. The company attributed this rise to strong demand for emerging market currencies and higher G10 FX forward volumes. This contributed to improved performance in its FX division.

BGC Group Posts 32% Revenue Increase in Q4 2025 Financial Report

Data, Network, and Post-trade revenues grew by 12.5% to $36.7 million, driven mainly by Lucera and Fenics Market Data. This growth was partly offset by lower post-trade revenues following the sale of the Capitalab business in the fourth quarter of 2024. Excluding Capitalab, revenues in this segment rose by 14.2% year over year.

Pre-tax Adjusted Earnings for the quarter reached $161.3 million, marking a 24.5% increase and resulting in a pre-tax margin of 21.3%. Post-tax Adjusted Earnings rose to $149.6 million, up 21.1%, with Adjusted Earnings per share improving by 24.0% to $0.31.

Adjusted EBITDA totaled $190.6 million, representing a slight decline of 0.8%. This decrease was linked to charges related to the company’s cost reduction program.

GAAP income from operations before income taxes fell by 8.0% to $25.0 million. This figure included $54.8 million in charges connected to the cost reduction initiative, with a cash impact of $28.1 million.

BGC confirmed that it completed the first phase of its cost reduction program during the fourth quarter. The company expects this phase to generate $25 million in annualized savings in 2026, with additional efficiencies planned throughout the year.

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