Marex Group Limited reported record third quarter 2026 results, with revenue growing 53% year-over-year to $743.2 million and adjusted basic EPS reaching $1.75, both significantly exceeding analyst estimates. The performance was characterized by broad-based growth across all business segments and material margin expansion, marking the seventh consecutive quarter of record profitability.
Key Highlights
- Surging Prime Services revenue doubled year-over-year to $114.5 million, reflecting successful market share gains with average client balances remaining at twice prior-year levels.
- Market Making revenue more than tripled to $150.8 million, bolstered by favorable conditions in metals and strategic contributions from recent acquisitions including Winterflood, Levmet, and Webb Traders.
- Adjusted Profit Before Tax margin expanded by 300 basis points to 23.7%, driven by strong revenue growth outpacing costs and a favorable shift toward higher-margin securities activities.
- Clearing average client balances grew 41% year-over-year to $18.7 billion, supported by new institutional client wins and higher margin requirements.