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BGCBGC Group, Inc
$11.10$5.3B
Overview & Verdict
Overview
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BGC logoBGC Group, Inc(BGC)Earnings, Financials & Key Ratios

BGC•NASDAQ
$11.10
35.8× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryBrokerage, Trading and Market Making
AboutBGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options. It also provides trade execution, connectivity solutions, brokerage services, clearing, trade compression and other post-trade services, information, and other back-office services to an assortment of financial and non-financial institutions. In addition, the company offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services, and analytics related to financial instrument and markets. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables to use ots Voice, Hybrid, or in various markets, as well as fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. It primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Group, Inc. was founded in 1945 and is headquartered in New York, New York.Show more
  • EBITDA$419M+57.3%
  • Net Income$155M+22.0%
  • EPS (Diluted)0.31+24.0%
  • Gross Margin89.54%+101.7%
  • EBITDA Margin13.94%+15.4%
  • Operating Margin10.52%+25.4%
  • Net Margin5.15%-10.5%
  • ROE13.93%+8.5%

BGC Price & Volume

BGC Group, Inc (BGC) stock price & volume — 10-year historical chart

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Revenue Scaling Masks Persistent Structural Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Mixed
Cash Flow:Mixed
Primary Risk:High broker compensation sensitivity

Key Thesis Takeaways

  • BGC Group demonstrates significant top-line momentum with revenue reaching $955.5 million in 2026Q1, yet the firm faces structural headwinds from high variable compensation costs and persistent equity dilution.
  • While the company is successfully capturing market volatility, the reliance on $646.6 million in goodwill and a negative $836 million retained earnings balance suggests long-term value creation remains challenged.
  • Investors should monitor the firm's ability to improve operating margins, which have struggled to exceed 15% despite recent revenue growth, alongside the impact of ongoing stock-based compensation charges.

Verdict Logic

while the forward P/E of 8.06 appears attractive, the persistent $75 million-plus quarterly stock-based compensation charges and volatile cash conversion metrics warrant a cautious approach.

BGC Growth Metrics

BGC Group, Inc (BGC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.78%
5 Years8.03%
3 Years19.24%
TTM-

Profit CAGR

10 Years-0.32%
5 Years28.02%
3 Years47.07%
TTM38.37%

EPS CAGR

10 Years-4.67%
5 Years30.34%
3 Years33.6%
TTM39.26%

Return on Capital

10 Years5.67%
5 Years6.19%
3 Years7.64%
Last Year9.03%

BGC Recent Earnings

BGC Group, Inc (BGC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.41+0.0%
$0.41
Rev
$955M+3.5%
$923M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.31+6.9%
$0.29
Rev
$756M+0.7%
$751M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.29+3.6%
$0.28
Rev
$723M-3.2%
$747M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.23-25.8%
$0.31
Rev
$784M+6.4%
$737M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.41vs $0.41+0.0%
$955Mvs $923M+3.5%
Q1 2026Feb 12, 2026
$0.31vs $0.29+6.9%
$756Mvs $751M+0.7%
Q4 2025Nov 6, 2025
$0.29vs $0.28+3.6%
$723Mvs $747M-3.2%
Q3 2025Jul 31, 2025
$0.23vs $0.31-25.8%
$784Mvs $737M+6.4%
Based on last 12 quarters of dataView full earnings history →

Latest BGC News

Recent stock market news and headlines for BGC Group, Inc (BGC)

Business Wire·Jun 29, 2026
BGC Group to Report Second Quarter 2026 Financial Results on July 30, 2026

NEW YORK--(BUSINESS WIRE)--BGC Group, Inc. (Nasdaq: BGC) will announce its second quarter 2026 financial results on Thursday, July 30, 2026, at approximately 8:00 a.m. ET. A conference call to review the results will follow at 11:00 a.m. ET. BGC plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results at approximately 8:00 a.m. ET on Thursday, July 30, 2026, which will be accessible at http://ir.bgcg.com. BGC will host a conference call.

Business Wire·Jun 25, 2026
BGC Group Updates its Outlook for the Second Quarter of 2026

NEW YORK--(BUSINESS WIRE)--BGC Group, Inc. (Nasdaq: BGC), today announced that it has updated its outlook for the quarter ending June 30, 2026. Updated Outlook BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2026. The Company's outlook was contained in BGC's financial results press release issued on May 7, 2026, which can be found at http://ir.bgcg.com. Non-GAAP Financial Measures This document contains non-GAAP financial m.

Zacks Investment Research·Jun 19, 2026
BGC Taps AI Boom With Compute Infrastructure Business Launch

BGC launches a compute infrastructure unit to trade AI capacity, aiming to bring pricing, liquidity and hedging to a fast-growing market.

GuruFocus·Jun 18, 2026
BGC Group Launches Compute Infrastructure Markets

BGC Group, Inc. (Nasdaq: BGC) (“BGC”), a leading global brokerage and financial technology company, today announced the launch of BGC Compute Infrastructur

Business Wire·Jun 18, 2026
BGC Group Launches Compute Infrastructure Markets

NEW YORK & LONDON--(BUSINESS WIRE)--BGC Group, Inc. (Nasdaq: BGC) (“BGC”), a leading global brokerage and financial technology company, today announced the launch of BGC Compute Infrastructure Markets (“BGC CIM”), a new division focused on the growing secondary market for compute and memory capacity. As AI adoption accelerates, Compute and Memory have emerged as critical assets that require a transparent and efficient secondary market. Backed by BGC Group's experience as the world's largest ene.

Peers Comparison

Key metrics vs top competitors for BGC Group, Inc (BGC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BGC logoBGCBGC Group, IncCurrent
$11.10$5.27B35.8136.33%5.15%13.93%0.73%
MKTX logoMKTXMarketAxess Holdings Inc.
$116.44$4.14B17.483.82%35.34%24.02%—
GFI logoGFIGold Fields Limited
$34.61$30.98B8.7868.77%34.5%76.87%—
PIPR logoPIPRPiper Sandler Companies
$72.94$5.2B18.4228.55%14.09%18.77%—
LAZ logoLAZLazard Ltd
$43.28$4.26B19.943.25%8.48%29.43%—
HOOD logoHOODRobinhood Markets, Inc.
$117.55$105.89B57.3451.58%41.12%21.38%—

Compare BGC vs Peers

BGC Group, Inc (BGC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MKTX

Most directly comparable listed peer for BGC.

Scale Benchmark

vs HOOD

Larger-name benchmark to compare BGC against a more recognizable public peer.

Peer Set

Compare Top 5

vs MKTX, GFI, PIPR, LAZ

BGC SEC Filings & Documents

BGC Group, Inc (BGC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 15, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

Mar 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

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BGC Frequently Asked Questions

BGC Group, Inc (BGC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is BGC Group, Inc's revenue?

BGC Group, Inc (BGC) reported $3.27B in revenue for fiscal year 2025.

How fast is BGC Group, Inc growing?

BGC Group, Inc (BGC) grew revenue by 36.3% over the past year. This is strong growth.

Is BGC profitable?

Yes, BGC Group, Inc (BGC) is profitable, generating $183.9M in net income for fiscal year 2025 (5.2% net margin).

Dividend & Returns
Does BGC pay dividends?

Yes, BGC Group, Inc (BGC) pays a dividend with a yield of 0.73%. This makes it attractive for income-focused investors.

What is BGC's return on equity?

BGC Group, Inc (BGC) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.

What is BGC Group, Inc's free cash flow?

BGC Group, Inc (BGC) generated $295.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BGC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →