earnings
confidence high
sentiment positive
materiality 0.70
BGC Group Q3: record revenue $561M (+16% YoY), post-tax Adjusted EPS $0.26 (+36.8%)
BGC Group, Inc.
2024-Q3 EPS reported
$0.20
revenue$1,690,486,000
- Revenue $561M (+16% YoY); GAAP net income $14.2M ($0.03 diluted EPS).
- Post-tax Adjusted Earnings $126.6M (+34.5%), Adjusted EPS $0.26 (+36.8%).
- Agreed to acquire OTC Global Holdings, closed Sage Energy; expected to add >$450M in annual revenue.
- FMX Futures Exchange launched Sep 23; record volumes on U.S. Treasury and FX platforms.
- Expect to connect 5–10 of the largest FCMs to FMX over the next two quarters.