BGC Group, Inc. BGC

Financials SIC 6200 - Security & Commodity Brokers, Dealers, Exchanges & Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Exchanges derived Nasdaq

Throughout this document, the terms the "Company," "BGC," "we," "our," and "us," refer to: (i) following the closing of the Corporate Conversion, effective at 12:02 am Eastern Time on July 1, 2023, BGC Group, Inc. and its consolidated subsidiaries, including BGC Partners, Inc.; and (ii) prior to the closing of the Corporate Conversion, BGC Partners, Inc. and its consolidated subsidiaries.

We are a leading global marketplace, data, and financial technology company across the ECS and financial markets. We specialize in the brokerage and trade execution of a broad range of ECS products, including listed derivatives and physical commodities in the oil and refined, and environmental and energy transition, markets, as well as ship chartering. Additionally, we provide brokerage services across fixed income securities such as government bonds and corporate bonds, as well as interest rate derivatives and credit derivatives, foreign exchange, equities and futures and options. Our business also provides network and connectivity solutions, market data and related information services, and post-trade services.

Last close 11.79 2026-10-23
Market cap $5.61B estimated share count
52-week range 8.27 - 12.88

Valuation FY2025 figures against the last close

P/S2.3x
P/E38.0x
P/FCF15.0x
EV/EBITDA—
Dividend yield0.7%
Diluted EPS0.31

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.44B$1.81B$1.61B$1.41B$1.66B$1.69B$1.76B$1.94B$1.75B$1.55B
Total operating expenses $2.82B$2.18B$1.99B$1.72B$2.18B$1.99B$2.04B$1.82B$1.78B$1.53B
Interest expense ——$77.2M$57.9M$69.3M$76.6M$60.2M$42.5M$77.0M$57.6M
Pre-tax income $213.7M$173.1M$57.7M$97.5M$176.5M$72.2M$116.6M$171.9M$4.1M$120.5M
Income tax $67.2M$49.9M$18.9M$38.6M$23.0M$21.3M$49.8M$63.8M$92.8M$56.3M
Net income $155.0M$123.2M$38.8M$58.9M$153.5M$50.9M$43.9M$202.2M$51.5M$185.0M
EPS, basic 0.310.260.080.130.330.120.130.620.180.67
EPS, diluted 0.310.250.070.130.320.120.12—0.170.65
Shares, diluted (wtd. avg.) 480.9M479.1M490.0M499.4M540.0M546.8M472.2M322.1M287.4M277.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $851.5M$711.6M$655.6M$485.0M$553.6M$596.3M$415.4M$336.5M$513.3M$535.6M
Property, plant and equipment —————$214.8M$204.8M$157.2M$124.5M$167.2M
Goodwill $648.6M$540.3M$506.3M$486.6M$486.9M$556.2M$553.7M$504.6M$468.1M$451.0M
Other intangibles $427.9M$240.9M$211.3M$192.8M$207.7M$287.2M$303.2M$298.8M$286.1M$253.2M
Total assets $4.41B$3.59B$3.18B$3.07B$3.34B$3.95B$3.93B$3.43B$5.43B$5.05B
Short-term debt $20.0M$0—$1.9M$3.6M$3.8M$5.0M$5.2M$6.0M—
Long-term debt $1.78B$1.34B$1.18B$1.05B$1.05B$1.32B$1.14B$763.5M$575.0M$965.8M
Total liabilities $3.27B$2.51B$2.28B$2.33B$2.66B$3.12B$3.18B$2.54B$4.24B$3.36B
Retained earnings -$910.4M-$1.03B-$1.12B-$1.14B-$1.17B-$1.28B-$1.25B-$1.11B-$866.9M-$212.9M
Total equity $972.5M$898.5M$898.2M$733.2M$663.3M$811.3M$729.1M$855.5M$1.13B$1.63B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $394.4M$315.4M$405.2M$224.4M$417.2M$302.6M$241.1M-$67.3M$392.8M-$106.6M
Depreciation and amortisation $103.3M$81.4M$80.4M$75.1M$81.9M$85.4M$81.9M$71.5M$65.4M$62.5M
Capital expenditure $21.5M$29.6M$14.9M$10.6M$10.1M$30.8M$46.7M$24.5M$25.0M$17.8M
Investing cash flow -$282.6M-$97.0M-$90.7M-$53.3M$121.1M-$77.9M-$42.6M$9.2M-$112.6M$385.6M
Financing cash flow $21.2M-$149.0M-$146.9M-$233.2M-$819.5M-$13.1M$18.2M$50.9M-$237.8M-$258.1M
Dividends paid $39.0M$34.2M$17.4M$14.9M$15.1M$60.4M$192.4M$231.4M$200.1M$170.8M
Buybacks $281.5M$262.2M$114.6M$103.9M$365.4M$6.0K$1.2M$10.4M$16.8M$96.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-013162.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.6B Net income, FY2016: 185M Revenue, FY2017: 1.8B Net income, FY2017: 51.5M Revenue, FY2018: 1.9B Net income, FY2018: 202.2M Revenue, FY2019: 1.8B Net income, FY2019: 43.9M Revenue, FY2020: 1.7B Net income, FY2020: 50.9M Revenue, FY2021: 1.7B Net income, FY2021: 153.5M Revenue, FY2022: 1.4B Net income, FY2022: 58.9M Revenue, FY2023: 1.6B Net income, FY2023: 38.8M Revenue, FY2024: 1.8B Net income, FY2024: 123.2M Revenue, FY2025: 2.4B Net income, FY2025: 155M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.55B $1.75B $1.94B $1.76B $1.69B $1.66B $1.41B $1.61B $1.81B $2.44B
Gross profit — — — — — — — — — —
Net income $185.0M $51.5M $202.2M $43.9M $50.9M $153.5M $58.9M $38.8M $123.2M $155.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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