BGC Group's third quarter 2026 revenue beat estimates as FMX UST volumes grew 40%

BGC Group reported record third quarter 2026 revenue of $832.6 million, representing a 13.0% year-over-year increase and significantly exceeding analyst estimates. Post-tax Adjusted EPS of $0.34 met expectations, driven by double-digit growth in Energy, Commodities, and Shipping (ECS), Rates, and Foreign Exchange. The company highlighted major scaling in its FMX platforms, including record volumes in U.S. Treasury and FX trading.

Key Highlights

• Total brokerage revenues rose 14.8% to $772.8 million, led by a 28.0% surge in Equities and an 18.8% increase in the ECS segment.
• FMX UST average daily volume reached a record $83.0 billion, up 40% year-over-year, increasing its central limit order book market share to 42%.
• FMX Futures Exchange delivered average daily volume of more than 80,000 contracts, a nearly seven-fold increase year-over-year following the August listing of the full U.S. Treasury futures curve.
• Management issued fourth quarter 2026 revenue guidance of $805 million to $865 million, representing growth over the $756.4 million reported in the prior-year period.