BGC Group Q3 revenue up 15.9% to $482.7M; GAAP EPS $0.03, adjusted EPS $0.19

BGC Group, Inc.

2023-Q3 EPS reported $0.03 revenue$1,508,641,000

Revenue $482.7M, +15.9% YoY; GAAP pre-tax income $23.9M, +25.4%.
GAAP net income $16.0M, +116.9%; GAAP diluted EPS $0.03 (from $0.01).
Adjusted EBITDA $135.9M, +27.0%; post-tax adjusted EPS $0.19, +18.8%.
Fenics revenue +19%; Fenics Growth Platforms record +45%; Fenics UST reached 25% market share.
CEO cites broad volume growth and expects continued benefit from interest rate environment.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BGC Group, Inc. reported the quarter ended September 30, 2023 results: revenue $482.7, net income $16.0, EPS $0.03.

Period: the quarter ended September 30, 2023
Revenue: $482.7
Net income: $16.0
EPS: $0.03
Result: reported results

Exact text from the filing

to communicating additional updates and details during the quarter." SELECT FINANCIAL RESULTS 2,3 Highlights of Consolidated Results (USD millions) 3Q23 3Q22 Change Revenues $482.7 $416.6 15.9% GAAP income from operations before income taxes 23.9 19.0 25.4% GAAP net income for fully diluted shares 16.0 7.4 116.9% Adjusted Earnings before noncontrolling

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Source: SEC EDGAR

accession 0001628280-23-035438

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