Highest-materiality recent filing
BGC Group enters into $700M unsecured revolving credit facility, maturity extended to 2030
New $700M unsecured senior revolving credit facility replaces existing agreement; can be increased to $900M.
BGC Group Q1 revenues up 44% to $955M; EPS $0.17; Adjusted EPS $0.41
GAAP net income $80.7M ($0.17 diluted EPS) vs $52.8M ($0.11) a year ago; Adj. EPS $0.41 (+41%).
BGC Group expects Q1 2026 results slightly above prior guidance ranges
Revenue and pre-tax adjusted earnings guided slightly above previously stated high-end for Q1 2026.
BGC Group reports record FY2025 revenues up 30% to $2.94B; EPS up 24%
Revenue $756.4M in Q4 (+32%) and $2,941.5M for FY25 (+30%); record full-year results.
BGC Group reaffirms Q4 2025 revenue and pre-tax adjusted earnings outlook
Reaffirmed previously issued outlook ranges for Q4 2025 revenue and pre-tax adjusted earnings.
Six directors elected: Merkel, Lutnick, Richards, Mbanefo, Bell, Addas (each received >1.25B votes).
BGC Group reports Q3 record revenues of $737M, up 31% YoY; GAAP EPS $0.06, adjusted EPS $0.29
Revenue $736.8M, up 31% YoY; GAAP operating income $33.5M, up 70%.
Howard Lutnick completes divestiture of BGC holdings; control shifts to Brandon Lutnick trusts
Transactions closed Oct 6, 2025: Purchase by Brandon Lutnick trusts of CFGM voting shares for $200,000.
BGC Group reaffirms Q3 2025 revenue and pre-tax Adjusted Earnings outlook
Reaffirmed previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for Q3 2025.
BGC launches exchange offer for $700M 6.150% Senior Notes due 2030
Exchange offer covers up to $700M aggregate principal of existing 6.150% Senior Notes due 2030.
BGC Group reports record Q2 revenue $784M (+42% YoY); GAAP EPS $0.11, adjusted EPS $0.31
Revenue $784M, +42% YoY; GAAP net income $55.1M, diluted EPS $0.11 (+37.5% YoY).
BGC expects Q2 2025 revenue and pre-tax Adjusted Earnings to be slightly above previously stated guidance ranges.
BGC repurchases 16,452,850 Class A shares from Howard Lutnick at $9.2082/share (3-day VWAP), for ~$151.5M total.
BGC Q1 record revenue $664M (+15% YoY); completes OTC Global Holdings acquisition
Record quarterly revenues of $664.2M, up 14.8% YoY from $578.6M.
BGC issues $700M 6.150% senior notes due 2030; proceeds to retire ~$300M of 4.375% notes due 2025
Closed offering of $700M principal of 6.150% senior notes due 2030; net proceeds ~$692.8M.
BGC Group closes $325M cash acquisition of OTC Global Holdings, energy brokerage
Acquisition of OTC Global Holdings closed April 1, 2025; $325 million substantially all-cash consideration.
BGC Group prices $700M of 6.150% senior notes due 2030 to refinance near-term debt
$700.0M aggregate principal of 6.150% senior unsecured notes due 2030 priced in private offering.
BGC Group reaffirms Q1 2025 revenue and adjusted earnings outlook; no change from Feb 14 guidance
Press release confirms previously stated ranges for revenue and pre-tax Adjusted Earnings.
Howard Lutnick steps down as CEO/Chairman; co-CEOs Abularrage, Aubin, Windeatt appointed
Howard Lutnick confirmed as 41st US Secretary of Commerce; resigned as BGC Chairman and CEO effective Feb 18, 2025.
BGC posts record Q4 revenue $572.3M (+10.8%); FY EPS $0.25 (up 257%)
Q4 revenue $572.3M (+10.8% YoY); FY revenue $2.26B (+11.7% YoY); both record highs.
BGC Group reaffirms Q4 2024 revenue and pre-tax adjusted earnings outlook
Reaffirmed previously stated Q4 2024 revenue and pre-tax adjusted earnings guidance ranges from Oct 31, 2024.
Aggregate revolving commitments increased by $325M to $700M effective Dec 6, 2024.
BGC CEO Howard Lutnick nominated for U.S. Commerce Secretary, to step down upon Senate confirmation
Chairman/CEO Howard Lutnick nominated by President Trump as U.S. Secretary of Commerce; will step down from BGC, Cantor, and Newmark upon confirmation.
BGC Group Q3: record revenue $561M (+16% YoY), post-tax Adjusted EPS $0.26 (+36.8%)
Revenue $561M (+16% YoY); GAAP net income $14.2M ($0.03 diluted EPS).
BGC Group announces agreement to acquire OTC Global Holdings, a global energy brokerage
Acquisition of OTC Global Holdings, the largest independent institutional energy and commodities brokerage firm.
BGC Group expects Q3 2024 revenue and pre-tax adjusted earnings near high end of prior guidance
BGC updated its Q3 2024 outlook, expecting revenue and pre-tax Adjusted Earnings around the high end of previously stated ranges.
BGC Group stockholders elect all five director nominees, ratify auditor, approve say-on-pay
All five director nominees elected: Howard Lutnick, David Richards, Arthur Mbanefo, Linda Bell, William Addas.
BGC Group launches exchange offer for $500M of 6.600% Senior Notes due 2029
Exchange offer for up to $500M aggregate principal of outstanding 6.600% Senior Notes due 2029.
BGC Q2 2024 record revenue $550.8M, up 11.7% YoY; adjusted EPS $0.23
GAAP net income $36.1M ($0.08 diluted EPS) vs. $19.7M loss ($0.05 loss) a year ago.
BGC reaffirms Q2 2024 outlook, reschedules annual meeting to Sept 16
Reaffirmed Q2 2024 revenue and pre-tax Adjusted Earnings outlook ranges (unchanged from Apr 30 release).
BGC closes $500M 6.600% senior notes due 2029, net ~$495.3M, to refinance $300M of 3.750% 2024 notes
Net proceeds of $495.3M after discounts & expenses; used to repurchase/repay $255.5M BGC 3.750% notes and $44.5M BGC Partners 3.750% notes.
BGC Group prices $500M of 6.600% senior notes due 2029 for refinancing
Priced $500.0M aggregate principal of 6.600% senior unsecured notes due 2029 on June 3, 2024.
BGC Group amends credit facility, extends maturity to April 2027, ups accordion to $475M
Second A&R Credit Agreement signed April 26, 2024; extends maturity of $375M revolver to April 26, 2027.
BGC posts record Q1 revenue of $578.6M, up 8.6% YoY; FMX strategic partners invest $172M
GAAP net income $46.4M ($0.10 diluted EPS), up 92% YoY; Adjusted EPS $0.25, up 8.7%.
Ten banks invest $172M in BGC's FMX at $667M valuation; FMX Futures to launch Sept 2024
Ten banks/market makers invest $172M for 25.75% ownership of FMX, post-money valuation $667M.
BGC Group reaffirms Q1 2024 revenue and pre-tax adjusted earnings outlook
Reaffirmed revenue and pre-tax Adjusted Earnings outlook ranges for Q1 2024 as provided on Feb 14, 2024.
BGC borrows $240M from Cantor at reduced rate to replace external credit facility
Second Amendment to intercompany Credit Agreement cuts interest rate to 25 bps below borrower's external revolving loan rate.
BGC reports record Q4 revenue up 18.4%, adjusted EPS $0.21, FMX exchange approved
Q4 revenues $516.8M (+18.4% YoY); FY23 revenues $2,025.4M (+12.8% YoY).
BGC Group's FMX Futures Exchange receives CFTC approval for U.S. Treasury and SOFR futures
CFTC approved FMX Futures Exchange on January 22, 2024, to operate an exchange for UST and SOFR futures.
Q4 2023 revenue and pre-tax Adjusted Earnings expected around high-end of ranges provided on Oct 30, 2023.
All five director nominees elected with >1.18B votes each; broker non-votes ~81.6M.
the Board appointed Stephen Merkel, our Executive Vice President and General Counsel, to serve as a member of the Board, effective February 18, 2025
the Board appointed Brandon Lutnick to serve as a member of the Board, effective February 18, 2025
Howard Lutnick, Chairman of the Board of Directors (the “Board”) and Chief Executive Officer of BGC Group, Inc. (“BGC” or the “Company”), informed the Company that he has stepped down as Chairman of the Board and Chief Executive Officer of the Company, effective February 18, 2025
the Board appointed Mr. Merkel to serve as Chairman of the Board
Howard Lutnick, Chairman of the Board of Directors (the “Board”) and Chief Executive Officer of BGC Group, Inc. (“BGC” or the “Company”), informed the Company that he has stepped down as Chairman of the Board and Chief Executive Officer of the Company, effective February 18, 2025
Max materiality 0.90 · Median 0.70 · Most common event earnings