View Future GrowthBGC Group 과거 순이익 실적과거 기준 점검 4/6BGC Group은 연평균 18.4%의 비율로 수입이 증가해 온 반면, Capital Markets 산업은 수입이 6.3% 증가했습니다. 매출은 연평균 8.8%의 비율로 증가했습니다. BGC Group의 자기자본이익률은 13.9%이고 순이익률은 5.7%입니다.핵심 정보18.39%순이익 성장률10.63%주당순이익(EPS) 성장률Capital Markets 산업 성장률10.26%매출 성장률8.81%자기자본이익률13.88%순이익률5.69%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.11 in 1Q 2025)First quarter 2026 results: EPS: US$0.18 (up from US$0.11 in 1Q 2025). Revenue: US$923.0m (up 44% from 1Q 2025). Net income: US$84.1m (up 59% from 1Q 2025). Profit margin: 9.1% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.공시 • Apr 09BGC Group, Inc. to Report Q1, 2026 Results on May 07, 2026BGC Group, Inc. announced that they will report Q1, 2026 results at 8:00 AM, US Eastern Standard Time on May 07, 2026Reported Earnings • Feb 13Full year 2025 earnings released: EPS: US$0.33 (vs US$0.26 in FY 2024)Full year 2025 results: EPS: US$0.33 (up from US$0.26 in FY 2024). Revenue: US$2.82b (up 30% from FY 2024). Net income: US$155.0m (up 28% from FY 2024). Profit margin: 5.5% (down from 5.6% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.공시 • Jan 12BGC Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026BGC Group, Inc. announced that they will report Q4, 2025 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2026Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.059 (vs US$0.03 in 3Q 2024)Third quarter 2025 results: EPS: US$0.059 (up from US$0.03 in 3Q 2024). Revenue: US$703.0m (up 31% from 3Q 2024). Net income: US$27.9m (up 97% from 3Q 2024). Profit margin: 4.0% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year.공시 • Oct 07BGC Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025BGC Group, Inc. announced that they will report Q3, 2025 results at 8:00 AM, US Eastern Standard Time on Nov 06, 2025모든 업데이트 보기Recent updates속보 • May 16BGC Group Delivers Record Q1 Revenue and Expands Credit as Cautious Q2 Outlook LoomsBGC Group reported Q1 2026 revenue of about US$955.5 million, up 44% year over year, with adjusted EPS of US$0.41 that matched analyst expectations and Q2 revenue guidance of US$815 million that came in slightly below estimates. The company highlighted strong organic growth across asset classes; energy, commodities and shipping revenues that more than doubled; a record 41% market share for its FMX US Treasury platform; and an increased annualized cost savings target of US$35 million while maintaining a quarterly dividend of US$0.02 per share. BGC secured a new unsecured senior revolving credit facility of US$700 million, expandable to US$900 million and maturing in 2030, and was cited by Bank of America as its top AI stock in capital markets given its energy brokerage scale and proprietary trading data. The mix of robust recent operating results, expanded cost savings targets and extended credit capacity points to a company putting more financial and operational structure behind its market share gains and technology focus. At the same time, the cautious Q2 guidance, higher minimum net worth and capital requirements under the new credit agreement and recent insider selling give you reasons to pay close attention to execution, capital deployment and any changes in risk appetite.Declared Dividend • May 15First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 11%.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.11 in 1Q 2025)First quarter 2026 results: EPS: US$0.18 (up from US$0.11 in 1Q 2025). Revenue: US$923.0m (up 44% from 1Q 2025). Net income: US$84.1m (up 59% from 1Q 2025). Profit margin: 9.1% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.공시 • Apr 09BGC Group, Inc. to Report Q1, 2026 Results on May 07, 2026BGC Group, Inc. announced that they will report Q1, 2026 results at 8:00 AM, US Eastern Standard Time on May 07, 2026공시 • Mar 27BGC Group, Inc. Updates Earnings Guidance for the First Quarter Ending March 31, 2026BGC Group, Inc. updated earnings guidance for the first quarter ending March 31, 2026. For the quarter, the company expects to be slightly above the high end of its previously stated outlook range for revenue. The Company’s outlook was contained in BGC’s financial results press release issued on February 12, 2026.Seeking Alpha • Mar 13BGC Group: FMX Expansion Is Transforming The Business, But Expectations Are Already HighSummary BGC Group achieved record 2025 revenues of $2.94 billion, driven by 30% growth and successful OTC Global Holdings integration. The FMX platform captured 40% of the US Treasury bond market share, positioning BGC as a leading electronic exchange operator versus CME Group. Current valuation (P/E ~29x) reflects high expectations for FMX's continued success, with forward P/E at 7-8x and free cash flow yield of 10.5%. Key risks include FMX's ability to sustain growth, high staff costs, competitive pressures, and sensitivity to trading volumes and macroeconomic cycles. Read the full article on Seeking AlphaDeclared Dividend • Feb 17Fourth quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 4th March 2026 Payment date: 18th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 13Full year 2025 earnings released: EPS: US$0.33 (vs US$0.26 in FY 2024)Full year 2025 results: EPS: US$0.33 (up from US$0.26 in FY 2024). Revenue: US$2.82b (up 30% from FY 2024). Net income: US$155.0m (up 28% from FY 2024). Profit margin: 5.5% (down from 5.6% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.공시 • Jan 27BGC Group, Inc. Authorized as an FCA-Registered Benchmark AdministratorBGC Group, Inc. announced that BGC Brokers L.P. is now authorized as a U.K. registered benchmark administrator licensee with the U.K. Financial Conduct Authority (FCA) under the U.K. Benchmarks Regulation. BGC’s approved benchmark offering includes swaps pricing in EUR IRS, GBP IRS, & XCCY swaps, and EU and U.K. Inflation swaps. This enhancement provides clients with an FCA regulated reference page, improved data quality, and a strong alternative benchmark solution for their issuance activities. This wider range of approved products strengthens the company's value proposition and ability to support issuance workflows.공시 • Jan 12BGC Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026BGC Group, Inc. announced that they will report Q4, 2025 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2026공시 • Jan 07smartTrade Technologies SAS acquired kACE Financial from BGC Group, Inc. (NasdaqGS:BGC).SmartTrade Technologies SAS entered into a definitive agreement to acquire kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) for approximately $120 million on December 11, 2025. Under the terms of the deal, kACE is valued up to $119 million, subject to limited post-closing adjustments. This includes an initial payment of $80 million, with up to an additional $39 million in contingent cash consideration based on defined performance metrics some of which is expected to be received in 2026. The transaction is expected to close by end of year 2025, subject to customary closing conditions. SmartTrade Technologies SAS completed the acquisition of kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) on January 6, 2026.New Risk • Nov 20New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$286k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (78% net debt to equity). Significant insider selling over the past 3 months (US$286k sold).분석 기사 • Nov 09BGC Group's (NASDAQ:BGC) Dividend Will Be $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend on the 10th of December, with...Declared Dividend • Nov 09Third quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 26th November 2025 Payment date: 10th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Nov 07BGC Group, Inc. announces Quarterly dividend, payable on December 10, 2025BGC Group, Inc. announced Quarterly dividend of USD 0.0200 per share payable on December 10, 2025, ex-date on November 26, 2025 and record date on November 26, 2025.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.059 (vs US$0.03 in 3Q 2024)Third quarter 2025 results: EPS: US$0.059 (up from US$0.03 in 3Q 2024). Revenue: US$703.0m (up 31% from 3Q 2024). Net income: US$27.9m (up 97% from 3Q 2024). Profit margin: 4.0% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year.공시 • Oct 07BGC Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025BGC Group, Inc. announced that they will report Q3, 2025 results at 8:00 AM, US Eastern Standard Time on Nov 06, 2025공시 • Oct 06BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited.BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited on October 6, 2025. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of Macro Hive Limited on October 6, 2025.공시 • Oct 01BGC Group, Inc., Annual General Meeting, Nov 12, 2025BGC Group, Inc., Annual General Meeting, Nov 12, 2025.공시 • Sep 18BGC Group, Inc. Launches Opti Match First Fully Electronic Platform for U.S. Dollar SwapsBGC Group, Inc. announced the launch of Opti Match, the company's new fully electronic trading platform for U.S. dollar swaps offered through BGC Derivatives Markets, L.P. Institutional investors can access Opti Match either directly if they are SEF Participants or through their BGC or GFI broker. The Opti Match is designed to streamline execution, enhance transparency, and deliver superior liquidity across the U.S. dollar swaps landscape and will initially support a comprehensive suite of products, including: SOFR Flies & Spreads; SOFR Feds Basis Term & FOMC; FOMC Rates SOFR & OIS; CME/LCH Outrights & Switches.New Risk • Aug 24New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$464k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (84% net debt to equity). Significant insider selling over the past 3 months (US$464k sold).분석 기사 • Aug 05BGC Group (NASDAQ:BGC) Has Announced A Dividend Of $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend of $0.02 per share on the 3rd of...Declared Dividend • Aug 04Second quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 20th August 2025 Payment date: 3rd September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 01Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.12 (up from US$0.076 in 2Q 2024). Revenue: US$750.2m (up 42% from 2Q 2024). Net income: US$57.5m (up 60% from 2Q 2024). Profit margin: 7.7% (up from 6.8% in 2Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Jul 18BGC Group, Inc.'s (NASDAQ:BGC) Price In Tune With EarningsBGC Group, Inc.'s ( NASDAQ:BGC ) price-to-earnings (or "P/E") ratio of 38.1x might make it look like a strong sell...공시 • Jul 03BGC Group, Inc. to Report Q2, 2025 Results on Jul 31, 2025BGC Group, Inc. announced that they will report Q2, 2025 results at 8:00 AM, US Eastern Standard Time on Jul 31, 2025공시 • Jul 01BGC Group, Inc. Updates Earnings Guidance for the Second Quarter Ended June 30, 2025BGC Group, Inc. updated earnings guidance for the second quarter ended June 30, 2025. For the period, the company expects to be slightly above its previously stated outlook ranges for revenue.공시 • Jun 30+ 4 more updatesBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value IndexBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value Index새로운 내러티브 • Jun 08Acquisition And Automation Investments Will Redefine Global Electronic Trading The acquisition of OTC Global Holdings and strategic expansion into electronic trading and data services are driving significant growth, scale, and profitability. Declared Dividend • May 12First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 08First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.099 in 1Q 2024)First quarter 2025 results: EPS: US$0.12 (up from US$0.099 in 1Q 2024). Revenue: US$639.6m (up 14% from 1Q 2024). Net income: US$55.2m (up 19% from 1Q 2024). Profit margin: 8.6% (up from 8.3% in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.공시 • May 07BGC Group, Inc. Declares Quarterly DividendBGC Group, Inc. declared quarterly dividend of 2 cents per share.공시 • Apr 08BGC Group, Inc. to Report Q1, 2025 Results on May 07, 2025BGC Group, Inc. announced that they will report Q1, 2025 results at 8:00 AM, Eastern Standard Time on May 07, 2025Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$7.79, the stock trades at a trailing P/E ratio of 31x. Average forward P/E is 13x in the Capital Markets industry in the US. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.27 per share.공시 • Apr 02BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million.BGC Group, Inc. (NasdaqGS:BGC) entered into a definitive agreement to acquire OTC Global Holdings, LP on October 22, 2024. Under the terms of the agreement, BGC expects to acquire OTC in a substantially all-cash transaction, which is subject to customary closing conditions, including applicable regulatory approvals. For the period ending December 31, 2024, OTC Global Holdings, LP reported total revenue of $400 million. OTC team will join BGC. The transaction is expected to close by the end of the first quarter of 2025. The acquisition of OTC Global are expected to be immediately accretive. Jefferies LLC acted as financial advisor for OTC Global Holdings, LP. Bryan Cave Leighton Paisner LLP acted as legal advisor to BGC Group, Inc. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million on April 1, 2025.Seeking Alpha • Feb 27BGC Group: Fenics Growth Set To Drive Further UpsideSummary Q4 revenue was up 10.8% year over year, with adjusted earnings up 19%. Looking ahead, margins are expected to rise due to its faster growing, higher margin Fenics electronic trading platform. FMX is showing impressive volume growth, and will be the main growth driver going forward. Fenics alone could be worth more than the current market cap when valued in line with peers, making the current valuation attractive. As a result, I rate BGC stock as a Buy. Read the full article on Seeking AlphaPrice Target Changed • Feb 25Price target increased by 22% to US$14.00Up from US$11.50, the current price target is an average from 2 analysts. New target price is 47% above last closing price of US$9.50. Stock is up 36% over the past year. The company posted earnings per share of US$0.26 last year.Declared Dividend • Feb 20Fourth quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Feb 19+ 1 more updateBGC Group, Inc. Announces Chief Executive Officers ChangesBGC Group, Inc. announced the Board of Directors appointed John Abularrage, JP Aubin, and Sean Windeatt as Co-Chief Executive Officers. Mr. Windeatt will retain his position as Chief Operating Officer, a role he has held since 2009. Howard W. Lutnick, who was confirmed on February 18, 2025 by the United States Senate as the 41st Secretary of Commerce, has stepped down as Chief Executive Officer and Chairman of BGC. Together, as Co-Global Heads of Brokerage, Messrs. Abularrage, Aubin, and Windeatt have overseen the Company's day-to-day operations and helped define and execute its corporate strategy. This includes BGC's organic growth initiatives and strategic acquisitions, which accelerated the Company's expansion and strengthened its market position. Under their joint leadership, BGC has consistently produced double-digit revenue growth and generated record revenues of more than $2.25 billion in 2024. John Abularrage has served as Co-Global Head of Brokerage and Chief Executive Officer of the Americas for BGC Group, where he was responsible for leading, developing, and growing BGC's brokerage business in the region. Mr. Abularrage joined BGC Group in 2021, bringing more than 20 years of financial services experience to the business. Prior to joining the Company, he held various senior positions at TP ICAP, including Head of Global Broking and Chief Executive Officer of the Americas. Prior to that, Mr. Abularrage served as the Chief Executive Officer of North America at Collins Stewart, where he was previously the Head of Equities.JP Aubin has served as Co-Global Head of Brokerage and Chief Executive Officer of EMEA for BGC Group. He was also Global Head for Listed Products, as well as all digital group platforms, and was President of Aurel BGC, the Company's EU subsidiary. Mr. Aubin joined BGC in 2005 and helped drive the company's rapid expansion in Europe, which included the acquisitions of ETC Pollak in 2005 and Aurel in 2006. In 2008, he moved to BGC's New York office, where he became Global Head for Listed Products. Since then, he has been instrumental in developing BGC's voice and electronic broking services in listed products, including equity derivatives, commodities, cash equity, futures and options on futures, and structured products. Mr. Aubin began his broking career with Viel-Tradition Group in 1990, after being part of the Barclays Bank student training program. After trading futures and options for 10 years in both London and Paris, he was promoted to run the company's continental European operations. Mr. Aubin is a board member of the French cultural organization the Réunion des Musées Nationaux, and in 2023 was awarded Commandeur des Arts et des Lettres. Mr. Aubin is also deeply involved in his foundation, the JP Aubin Family Foundation, which focuses on providing children with access to museums and other cultural opportunities. Sean Windeatt has served as BGC's Chief Operating Officer for the past 14 years and was appointed Co-Global Head of Brokerage in 2023. Since 2012, he has also held the role of Chief Executive Officer of BGC's UK business. Based in London, Mr. Windeatt has been with the Company for more than 27 years. He joined Cantor Fitzgerald in 1997 in the Finance Department and, following the tragic events of September 11, 2001, he was instrumental in stabilizing and rebuilding the firm's brokerage operations. With BGC's establishment as an independent company in 2004, he became an integral part of its growth and development. In 2009, he was appointed Chief Operating Officer, overseeing key strategic initiatives, operational efficiencies, and the Company's expansion. His leadership extended further in 2012 when he became CEO of BGC Brokers, L.P., guiding the UK business through a period of growth and transformation. In 2023, he assumed the role of Co-Global Head of Brokerage, further strengthening BGC's position in the industry.공시 • Feb 15+ 1 more updateBGC Group, Inc. Provides Earnings Guidance for the First Quarter of 2025BGC Group, Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be in the range of $610 million - $660 million.Reported Earnings • Feb 14Full year 2024 earnings released: EPS: US$0.27 (vs US$0.08 in FY 2023)Full year 2024 results: EPS: US$0.27 (up from US$0.08 in FY 2023). Revenue: US$2.17b (up 12% from FY 2023). Net income: US$127.0m (up 273% from FY 2023). Profit margin: 5.8% (up from 1.7% in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.공시 • Jan 22BGC Group, Inc. to Report Q4, 2024 Results on Feb 14, 2025BGC Group, Inc. announced that they will report Q4, 2024 results on Feb 14, 2025공시 • Jan 01BGC Group Reaffirms Earnings Guidance for the Fourth Quarter of 2024BGC reaffirmed its previously stated outlook ranges for revenue for the fourth quarter of 2024. The Company's outlook was contained in BGC's financial results release issued on October 31, 2024.공시 • Dec 05Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million.Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024. A cash consideration of $46 million will be paid by Capitolis Inc. Gavin Jackson the founder and Chief executive officer of Capitalab will become part of the Capitolis executive team. Capitolis Inc. completed the acquisition of Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024.공시 • Dec 03BGC Group, Inc. Appoints Mike Whitaker as Global Chief Information Officer and Member of Executive CommitteeBGC Group, Inc. announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology strategy across the company, driving innovation and efficiencies to deliver growth. Mr. Whitaker brings more than 40 years' experience in financial services and technology. He joins BGC from Citi, where he spent 15 years in senior technology management roles and rose to become the firm's Head of Operations & Technology and a member of the Executive Management Team. Prior to joining Citi, Mr. Whitaker worked at Deutsche Bank and Barclays Capital, where his responsibilities included CIO for Global Fixed Income, Global Equities & Prime Finance, eCommerce, and Algorithmic trading functions. He holds a Master of Science degree in financial markets and derivatives from City, University of London.New Risk • Nov 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Seeking Alpha • Nov 12BGC Group: Entering A Growth SpurtSummary BGC Group's growth is driven by investments in technology and electronic trading, with the Fenics business leading the way and expected to continue this trend. Recent acquisitions in commodities, energy, and shipping sectors align with anticipated demand for inflation hedges, enhancing BGC's revenue potential. I project sustainable earnings growth in the double-digits going forward, due to impressive momentum in the Fenics business. Shares are a buy with a price target of $15. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$11.34, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 137% over the past three years.Declared Dividend • Nov 04Third quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 21st November 2024 Payment date: 4th December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.03 (vs US$0.034 in 3Q 2023)Third quarter 2024 results: EPS: US$0.03 (down from US$0.034 in 3Q 2023). Revenue: US$536.0m (up 16% from 3Q 2023). Net income: US$14.7m (down 7.7% from 3Q 2023). Profit margin: 2.8% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.공시 • Oct 07BGC Group, Inc. to Report Q3, 2024 Results on Oct 31, 2024BGC Group, Inc. announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Oct 31, 2024공시 • Oct 01BGC Group, Inc. Updates Revenue Outlook for the Quarter Ended September 30, 2024BGC Group, Inc. updated its revenue outlook for the quarter ended September 30, 2024. The company expects to be around the high-end of its previously stated outlook ranges for revenue.공시 • Sep 13BGC Group, Inc. FMX Futures Exchange to Launch on September 23, 2024BGC Group, Inc. announced they will launch the highly anticipated FMX Futures Exchange, an exchange for U.S. interest rate futures, the most widely traded futures contracts in the world, on September 23, 2024 at 9:00 p.m. ET., which represents the beginning of the trade date Tuesday, September 24, 2024. FMX will initially launch with SOFR futures and will add U.S. treasury futures in the first quarter of 2025. FMX expects to provide clients with significant capital savings through its clearing partnership with LCH Limited, a fully approved CFTC Derivatives Clearing Organization and one of the largest clearers of interest rate swaps in the world. LCH has $225 billion of interest rate swap collateral securing its interest rate swaps, against which LCH members expect to cross margin eligible U.S. interest rate futures traded on FMX Futures Exchange. FMX Futures Exchange is a part of FMX Holdings LLC, which includes the world's fastest growing cash U.S. Treasuries marketplace and rapidly growing spot Foreign Exchange platform. Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo are equity owners of FMX Holdings LLC.Declared Dividend • Aug 02Second quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.076 (vs US$0.05 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.076 (up from US$0.05 loss in 2Q 2023). Revenue: US$529.2m (up 12% from 2Q 2023). Net income: US$36.1m (up US$55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.공시 • Jul 10BGC Group, Inc. to Report Q2, 2024 Results on Jul 30, 2024BGC Group, Inc. announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jul 30, 2024공시 • Jul 01BGC Group, Inc., Annual General Meeting, Sep 16, 2024BGC Group, Inc., Annual General Meeting, Sep 16, 2024.공시 • Jun 28BGC Group, Inc. Reaffirms Earnings Guidance for the Second Quarter of 2024BGC Group, Inc. reaffirmed earnings guidance for the second quarter of 2024. BGC reaffirmed its previously stated outlook ranges for revenue for the second quarter of 2024. The Company's outlook was contained in BGC's financial results press release issued on April 30, 2024,.New Risk • May 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks High level of debt (63% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.7% increase in shares outstanding).Price Target Changed • May 06Price target increased by 18% to US$10.00Up from US$8.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$8.75. Stock is up 111% over the past year. The company posted earnings per share of US$0.08 last year.Declared Dividend • May 05First quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 20th May 2024 Payment date: 4th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 6%.Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.10 (vs US$0.051 in 1Q 2023)First quarter 2024 results: EPS: US$0.10 (up from US$0.051 in 1Q 2023). Revenue: US$558.5m (up 8.0% from 1Q 2023). Net income: US$49.2m (up 159% from 1Q 2023). Profit margin: 8.8% (up from 3.7% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Price Target Changed • Apr 12Price target increased by 13% to US$9.00Up from US$8.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$7.75. Stock is up 77% over the past year. The company posted earnings per share of US$0.08 last year.공시 • Apr 04BGC Group, Inc. to Report Q1, 2024 Results on Apr 30, 2024BGC Group, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024Upcoming Dividend • Feb 26Upcoming dividend of US$0.01 per shareEligible shareholders must have bought the stock before 04 March 2024. Payment date: 19 March 2024. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.3%).Declared Dividend • Feb 16Fourth quarter dividend of US$0.01 announcedDividend of US$0.01 is the same as last year. Ex-date: 4th March 2024 Payment date: 19th March 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 8%.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: US$0.08 (vs US$0.13 in FY 2022)Full year 2023 results: EPS: US$0.08 (down from US$0.13 in FY 2022). Revenue: US$1.95b (up 12% from FY 2022). Net income: US$34.1m (down 30% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Price Target Changed • Feb 16Price target increased by 13% to US$8.50Up from US$7.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of US$7.20. Stock is up 62% over the past year. The company posted earnings per share of US$0.08 last year.공시 • Feb 15+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on March 19, 2024On February 13, 2024, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on March 19, 2024 to Class A and Class B common stockholders of record as of March 5, 2024. The ex-dividend date will be March 4, 2024.공시 • Jan 23BGC Group, Inc. Announces Commodity Futures Trading Commission Approval for FMX Futures ExchangeBGC Group, Inc. announced that its FMX Futures Exchange received Commodity Futures Trading Commission (CFTC) approval to operate an exchange for U.S.Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX. FMX's clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral in the world, uniquely positions FMX to compete and reshape the U.S. interest rate market.공시 • Jan 09BGC Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024BGC Group, Inc. announced that they will report Q4, 2023 results at 8:00 AM, US Eastern Standard Time on Feb 14, 2024공시 • Dec 30BGC Group, Inc. Updates Earnings Guidance for the Fourth Quarter Ending December 31, 2023BGC Group, Inc. updated earnings guidance for the fourth quarter ending December 31, 2023. for the quarter, the company expects to be around the high-end of its previously stated outlook ranges for revenue.Upcoming Dividend • Nov 09Upcoming dividend of US$0.01 per share at 0.6% yieldEligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).New Risk • Nov 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding).공시 • Oct 31+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on December 1, 2023On October 27, 2023, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on December 1, 2023 to Class A and Class B common stockholders of record as of November 17, 2023. The ex-dividend date will be November 16, 2023.Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: US$0.036 (vs US$0.016 in 3Q 2022)Third quarter 2023 results: EPS: US$0.036 (up from US$0.016 in 3Q 2022). Revenue: US$461.9m (up 15% from 3Q 2022). Net income: US$17.0m (up 196% from 3Q 2022). Profit margin: 3.7% (up from 1.4% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.공시 • Oct 06BGC Group, Inc. to Report Q3, 2023 Results on Oct 30, 2023BGC Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 30, 2023공시 • Sep 30BGC Group, Inc., Annual General Meeting, Nov 14, 2023BGC Group, Inc., Annual General Meeting, Nov 14, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect five directors to hold office until the next Annual Meeting and until their successors are duly elected and qualified; to hold a vote on the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; to hold an advisory vote on executive compensation; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.Upcoming Dividend • Aug 14Upcoming dividend of US$0.01 per share at 0.8% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 05 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.7%).New Risk • Aug 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • Aug 03Second quarter 2023 earnings released: US$0.05 loss per share (vs US$0.039 profit in 2Q 2022)Second quarter 2023 results: US$0.05 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$473.2m (up 12% from 2Q 2022). Net loss: US$19.7m (down 234% from profit in 2Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.공시 • Aug 01BGC Group, Inc. Announces Executive ChangesBGC Group, Inc. announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker. Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets. Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.매출 및 비용 세부 내역BGC Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqGS:BGC 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 263,1001762,559031 Dec 252,8161492,339030 Sep 252,6411592,141030 Jun 252,4741472,013031 Mar 252,2531281,833031 Dec 242,1721211,797030 Sep 242,1201161,709030 Jun 242,0461171,640031 Mar 241,990611,670031 Dec 231,948341,630030 Sep 231,874171,578030 Jun 231,81471,532031 Mar 231,762421,414031 Dec 221,737491,374030 Sep 221,7611231,443030 Jun 221,8161061,526031 Mar 221,8881071,610031 Dec 211,9461241,642030 Sep 211,958441,631030 Jun 211,936641,565031 Mar 211,944741,540031 Dec 201,980451,612030 Sep 201,993251,608030 Jun 202,063121,671031 Mar 202,098-11,714031 Dec 192,044441,654030 Sep 192,026481,629030 Jun 191,965821,557031 Mar 191,910881,504031 Dec 181,895771,508030 Sep 18726-202638030 Jun 181,084-151951031 Mar 181,425-1181,216031 Dec 171,674-1251,448030 Sep 173,1282162,481030 Jun 173,0412212,422031 Mar 172,9742092,380031 Dec 161,497-61,257030 Sep 162,7592002,443030 Jun 162,7111512,431031 Mar 162,6071202,388031 Dec 152,7051602,389030 Sep 152,330431,999030 Jun 152,088121,8090양질의 수익: BGC는 $61.9M 규모의 큰 일회성 이익이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: BGC의 현재 순 이익률 (5.7%)은 지난해 (5.7%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BGC의 수익은 지난 5년 동안 연평균 18.4% 증가했습니다.성장 가속화: 지난 1년간 BGC 의 수익 증가율(38.3%)은 연간 평균(18.4%)을 초과합니다.수익 대 산업: BGC의 지난 1년 수익 증가율(38.3%)은 Capital Markets 업계의 37.2%를 상회했습니다.자기자본이익률높은 ROE: BGC의 자본 수익률(13.9%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YDiversified-financials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 13:12종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스BGC Group, Inc.는 7명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jacqueline DupuisBMO Capital Markets Equity ResearchElias AbboudBofA Global ResearchDaniel HarrisGoldman Sachs4명의 분석가 더 보기
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.11 in 1Q 2025)First quarter 2026 results: EPS: US$0.18 (up from US$0.11 in 1Q 2025). Revenue: US$923.0m (up 44% from 1Q 2025). Net income: US$84.1m (up 59% from 1Q 2025). Profit margin: 9.1% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
공시 • Apr 09BGC Group, Inc. to Report Q1, 2026 Results on May 07, 2026BGC Group, Inc. announced that they will report Q1, 2026 results at 8:00 AM, US Eastern Standard Time on May 07, 2026
Reported Earnings • Feb 13Full year 2025 earnings released: EPS: US$0.33 (vs US$0.26 in FY 2024)Full year 2025 results: EPS: US$0.33 (up from US$0.26 in FY 2024). Revenue: US$2.82b (up 30% from FY 2024). Net income: US$155.0m (up 28% from FY 2024). Profit margin: 5.5% (down from 5.6% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
공시 • Jan 12BGC Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026BGC Group, Inc. announced that they will report Q4, 2025 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2026
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.059 (vs US$0.03 in 3Q 2024)Third quarter 2025 results: EPS: US$0.059 (up from US$0.03 in 3Q 2024). Revenue: US$703.0m (up 31% from 3Q 2024). Net income: US$27.9m (up 97% from 3Q 2024). Profit margin: 4.0% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year.
공시 • Oct 07BGC Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025BGC Group, Inc. announced that they will report Q3, 2025 results at 8:00 AM, US Eastern Standard Time on Nov 06, 2025
속보 • May 16BGC Group Delivers Record Q1 Revenue and Expands Credit as Cautious Q2 Outlook LoomsBGC Group reported Q1 2026 revenue of about US$955.5 million, up 44% year over year, with adjusted EPS of US$0.41 that matched analyst expectations and Q2 revenue guidance of US$815 million that came in slightly below estimates. The company highlighted strong organic growth across asset classes; energy, commodities and shipping revenues that more than doubled; a record 41% market share for its FMX US Treasury platform; and an increased annualized cost savings target of US$35 million while maintaining a quarterly dividend of US$0.02 per share. BGC secured a new unsecured senior revolving credit facility of US$700 million, expandable to US$900 million and maturing in 2030, and was cited by Bank of America as its top AI stock in capital markets given its energy brokerage scale and proprietary trading data. The mix of robust recent operating results, expanded cost savings targets and extended credit capacity points to a company putting more financial and operational structure behind its market share gains and technology focus. At the same time, the cautious Q2 guidance, higher minimum net worth and capital requirements under the new credit agreement and recent insider selling give you reasons to pay close attention to execution, capital deployment and any changes in risk appetite.
Declared Dividend • May 15First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 11%.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.11 in 1Q 2025)First quarter 2026 results: EPS: US$0.18 (up from US$0.11 in 1Q 2025). Revenue: US$923.0m (up 44% from 1Q 2025). Net income: US$84.1m (up 59% from 1Q 2025). Profit margin: 9.1% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
공시 • Apr 09BGC Group, Inc. to Report Q1, 2026 Results on May 07, 2026BGC Group, Inc. announced that they will report Q1, 2026 results at 8:00 AM, US Eastern Standard Time on May 07, 2026
공시 • Mar 27BGC Group, Inc. Updates Earnings Guidance for the First Quarter Ending March 31, 2026BGC Group, Inc. updated earnings guidance for the first quarter ending March 31, 2026. For the quarter, the company expects to be slightly above the high end of its previously stated outlook range for revenue. The Company’s outlook was contained in BGC’s financial results press release issued on February 12, 2026.
Seeking Alpha • Mar 13BGC Group: FMX Expansion Is Transforming The Business, But Expectations Are Already HighSummary BGC Group achieved record 2025 revenues of $2.94 billion, driven by 30% growth and successful OTC Global Holdings integration. The FMX platform captured 40% of the US Treasury bond market share, positioning BGC as a leading electronic exchange operator versus CME Group. Current valuation (P/E ~29x) reflects high expectations for FMX's continued success, with forward P/E at 7-8x and free cash flow yield of 10.5%. Key risks include FMX's ability to sustain growth, high staff costs, competitive pressures, and sensitivity to trading volumes and macroeconomic cycles. Read the full article on Seeking Alpha
Declared Dividend • Feb 17Fourth quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 4th March 2026 Payment date: 18th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 13Full year 2025 earnings released: EPS: US$0.33 (vs US$0.26 in FY 2024)Full year 2025 results: EPS: US$0.33 (up from US$0.26 in FY 2024). Revenue: US$2.82b (up 30% from FY 2024). Net income: US$155.0m (up 28% from FY 2024). Profit margin: 5.5% (down from 5.6% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
공시 • Jan 27BGC Group, Inc. Authorized as an FCA-Registered Benchmark AdministratorBGC Group, Inc. announced that BGC Brokers L.P. is now authorized as a U.K. registered benchmark administrator licensee with the U.K. Financial Conduct Authority (FCA) under the U.K. Benchmarks Regulation. BGC’s approved benchmark offering includes swaps pricing in EUR IRS, GBP IRS, & XCCY swaps, and EU and U.K. Inflation swaps. This enhancement provides clients with an FCA regulated reference page, improved data quality, and a strong alternative benchmark solution for their issuance activities. This wider range of approved products strengthens the company's value proposition and ability to support issuance workflows.
공시 • Jan 12BGC Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026BGC Group, Inc. announced that they will report Q4, 2025 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2026
공시 • Jan 07smartTrade Technologies SAS acquired kACE Financial from BGC Group, Inc. (NasdaqGS:BGC).SmartTrade Technologies SAS entered into a definitive agreement to acquire kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) for approximately $120 million on December 11, 2025. Under the terms of the deal, kACE is valued up to $119 million, subject to limited post-closing adjustments. This includes an initial payment of $80 million, with up to an additional $39 million in contingent cash consideration based on defined performance metrics some of which is expected to be received in 2026. The transaction is expected to close by end of year 2025, subject to customary closing conditions. SmartTrade Technologies SAS completed the acquisition of kACE Financial from BGC Group, Inc. (NasdaqGS:BGC) on January 6, 2026.
New Risk • Nov 20New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$286k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (78% net debt to equity). Significant insider selling over the past 3 months (US$286k sold).
분석 기사 • Nov 09BGC Group's (NASDAQ:BGC) Dividend Will Be $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend on the 10th of December, with...
Declared Dividend • Nov 09Third quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 26th November 2025 Payment date: 10th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Nov 07BGC Group, Inc. announces Quarterly dividend, payable on December 10, 2025BGC Group, Inc. announced Quarterly dividend of USD 0.0200 per share payable on December 10, 2025, ex-date on November 26, 2025 and record date on November 26, 2025.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$0.059 (vs US$0.03 in 3Q 2024)Third quarter 2025 results: EPS: US$0.059 (up from US$0.03 in 3Q 2024). Revenue: US$703.0m (up 31% from 3Q 2024). Net income: US$27.9m (up 97% from 3Q 2024). Profit margin: 4.0% (up from 2.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year.
공시 • Oct 07BGC Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025BGC Group, Inc. announced that they will report Q3, 2025 results at 8:00 AM, US Eastern Standard Time on Nov 06, 2025
공시 • Oct 06BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited.BGC Group, Inc. (NasdaqGS:BGC) acquired Macro Hive Limited on October 6, 2025. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of Macro Hive Limited on October 6, 2025.
공시 • Oct 01BGC Group, Inc., Annual General Meeting, Nov 12, 2025BGC Group, Inc., Annual General Meeting, Nov 12, 2025.
공시 • Sep 18BGC Group, Inc. Launches Opti Match First Fully Electronic Platform for U.S. Dollar SwapsBGC Group, Inc. announced the launch of Opti Match, the company's new fully electronic trading platform for U.S. dollar swaps offered through BGC Derivatives Markets, L.P. Institutional investors can access Opti Match either directly if they are SEF Participants or through their BGC or GFI broker. The Opti Match is designed to streamline execution, enhance transparency, and deliver superior liquidity across the U.S. dollar swaps landscape and will initially support a comprehensive suite of products, including: SOFR Flies & Spreads; SOFR Feds Basis Term & FOMC; FOMC Rates SOFR & OIS; CME/LCH Outrights & Switches.
New Risk • Aug 24New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$464k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (84% net debt to equity). Significant insider selling over the past 3 months (US$464k sold).
분석 기사 • Aug 05BGC Group (NASDAQ:BGC) Has Announced A Dividend Of $0.02The board of BGC Group, Inc. ( NASDAQ:BGC ) has announced that it will pay a dividend of $0.02 per share on the 3rd of...
Declared Dividend • Aug 04Second quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 20th August 2025 Payment date: 3rd September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 01Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.12 (up from US$0.076 in 2Q 2024). Revenue: US$750.2m (up 42% from 2Q 2024). Net income: US$57.5m (up 60% from 2Q 2024). Profit margin: 7.7% (up from 6.8% in 2Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Jul 18BGC Group, Inc.'s (NASDAQ:BGC) Price In Tune With EarningsBGC Group, Inc.'s ( NASDAQ:BGC ) price-to-earnings (or "P/E") ratio of 38.1x might make it look like a strong sell...
공시 • Jul 03BGC Group, Inc. to Report Q2, 2025 Results on Jul 31, 2025BGC Group, Inc. announced that they will report Q2, 2025 results at 8:00 AM, US Eastern Standard Time on Jul 31, 2025
공시 • Jul 01BGC Group, Inc. Updates Earnings Guidance for the Second Quarter Ended June 30, 2025BGC Group, Inc. updated earnings guidance for the second quarter ended June 30, 2025. For the period, the company expects to be slightly above its previously stated outlook ranges for revenue.
공시 • Jun 30+ 4 more updatesBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value IndexBGC Group, Inc.(NasdaqGS:BGC) dropped from Russell 3000 Value Index
새로운 내러티브 • Jun 08Acquisition And Automation Investments Will Redefine Global Electronic Trading The acquisition of OTC Global Holdings and strategic expansion into electronic trading and data services are driving significant growth, scale, and profitability.
Declared Dividend • May 12First quarter dividend of US$0.02 announcedDividend of US$0.02 is the same as last year. Ex-date: 27th May 2025 Payment date: 10th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.099 in 1Q 2024)First quarter 2025 results: EPS: US$0.12 (up from US$0.099 in 1Q 2024). Revenue: US$639.6m (up 14% from 1Q 2024). Net income: US$55.2m (up 19% from 1Q 2024). Profit margin: 8.6% (up from 8.3% in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.
공시 • May 07BGC Group, Inc. Declares Quarterly DividendBGC Group, Inc. declared quarterly dividend of 2 cents per share.
공시 • Apr 08BGC Group, Inc. to Report Q1, 2025 Results on May 07, 2025BGC Group, Inc. announced that they will report Q1, 2025 results at 8:00 AM, Eastern Standard Time on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$7.79, the stock trades at a trailing P/E ratio of 31x. Average forward P/E is 13x in the Capital Markets industry in the US. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.27 per share.
공시 • Apr 02BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million.BGC Group, Inc. (NasdaqGS:BGC) entered into a definitive agreement to acquire OTC Global Holdings, LP on October 22, 2024. Under the terms of the agreement, BGC expects to acquire OTC in a substantially all-cash transaction, which is subject to customary closing conditions, including applicable regulatory approvals. For the period ending December 31, 2024, OTC Global Holdings, LP reported total revenue of $400 million. OTC team will join BGC. The transaction is expected to close by the end of the first quarter of 2025. The acquisition of OTC Global are expected to be immediately accretive. Jefferies LLC acted as financial advisor for OTC Global Holdings, LP. Bryan Cave Leighton Paisner LLP acted as legal advisor to BGC Group, Inc. BGC Group, Inc. (NasdaqGS:BGC) completed the acquisition of OTC Global Holdings, LP for approximately $330 million on April 1, 2025.
Seeking Alpha • Feb 27BGC Group: Fenics Growth Set To Drive Further UpsideSummary Q4 revenue was up 10.8% year over year, with adjusted earnings up 19%. Looking ahead, margins are expected to rise due to its faster growing, higher margin Fenics electronic trading platform. FMX is showing impressive volume growth, and will be the main growth driver going forward. Fenics alone could be worth more than the current market cap when valued in line with peers, making the current valuation attractive. As a result, I rate BGC stock as a Buy. Read the full article on Seeking Alpha
Price Target Changed • Feb 25Price target increased by 22% to US$14.00Up from US$11.50, the current price target is an average from 2 analysts. New target price is 47% above last closing price of US$9.50. Stock is up 36% over the past year. The company posted earnings per share of US$0.26 last year.
Declared Dividend • Feb 20Fourth quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Feb 19+ 1 more updateBGC Group, Inc. Announces Chief Executive Officers ChangesBGC Group, Inc. announced the Board of Directors appointed John Abularrage, JP Aubin, and Sean Windeatt as Co-Chief Executive Officers. Mr. Windeatt will retain his position as Chief Operating Officer, a role he has held since 2009. Howard W. Lutnick, who was confirmed on February 18, 2025 by the United States Senate as the 41st Secretary of Commerce, has stepped down as Chief Executive Officer and Chairman of BGC. Together, as Co-Global Heads of Brokerage, Messrs. Abularrage, Aubin, and Windeatt have overseen the Company's day-to-day operations and helped define and execute its corporate strategy. This includes BGC's organic growth initiatives and strategic acquisitions, which accelerated the Company's expansion and strengthened its market position. Under their joint leadership, BGC has consistently produced double-digit revenue growth and generated record revenues of more than $2.25 billion in 2024. John Abularrage has served as Co-Global Head of Brokerage and Chief Executive Officer of the Americas for BGC Group, where he was responsible for leading, developing, and growing BGC's brokerage business in the region. Mr. Abularrage joined BGC Group in 2021, bringing more than 20 years of financial services experience to the business. Prior to joining the Company, he held various senior positions at TP ICAP, including Head of Global Broking and Chief Executive Officer of the Americas. Prior to that, Mr. Abularrage served as the Chief Executive Officer of North America at Collins Stewart, where he was previously the Head of Equities.JP Aubin has served as Co-Global Head of Brokerage and Chief Executive Officer of EMEA for BGC Group. He was also Global Head for Listed Products, as well as all digital group platforms, and was President of Aurel BGC, the Company's EU subsidiary. Mr. Aubin joined BGC in 2005 and helped drive the company's rapid expansion in Europe, which included the acquisitions of ETC Pollak in 2005 and Aurel in 2006. In 2008, he moved to BGC's New York office, where he became Global Head for Listed Products. Since then, he has been instrumental in developing BGC's voice and electronic broking services in listed products, including equity derivatives, commodities, cash equity, futures and options on futures, and structured products. Mr. Aubin began his broking career with Viel-Tradition Group in 1990, after being part of the Barclays Bank student training program. After trading futures and options for 10 years in both London and Paris, he was promoted to run the company's continental European operations. Mr. Aubin is a board member of the French cultural organization the Réunion des Musées Nationaux, and in 2023 was awarded Commandeur des Arts et des Lettres. Mr. Aubin is also deeply involved in his foundation, the JP Aubin Family Foundation, which focuses on providing children with access to museums and other cultural opportunities. Sean Windeatt has served as BGC's Chief Operating Officer for the past 14 years and was appointed Co-Global Head of Brokerage in 2023. Since 2012, he has also held the role of Chief Executive Officer of BGC's UK business. Based in London, Mr. Windeatt has been with the Company for more than 27 years. He joined Cantor Fitzgerald in 1997 in the Finance Department and, following the tragic events of September 11, 2001, he was instrumental in stabilizing and rebuilding the firm's brokerage operations. With BGC's establishment as an independent company in 2004, he became an integral part of its growth and development. In 2009, he was appointed Chief Operating Officer, overseeing key strategic initiatives, operational efficiencies, and the Company's expansion. His leadership extended further in 2012 when he became CEO of BGC Brokers, L.P., guiding the UK business through a period of growth and transformation. In 2023, he assumed the role of Co-Global Head of Brokerage, further strengthening BGC's position in the industry.
공시 • Feb 15+ 1 more updateBGC Group, Inc. Provides Earnings Guidance for the First Quarter of 2025BGC Group, Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be in the range of $610 million - $660 million.
Reported Earnings • Feb 14Full year 2024 earnings released: EPS: US$0.27 (vs US$0.08 in FY 2023)Full year 2024 results: EPS: US$0.27 (up from US$0.08 in FY 2023). Revenue: US$2.17b (up 12% from FY 2023). Net income: US$127.0m (up 273% from FY 2023). Profit margin: 5.8% (up from 1.7% in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
공시 • Jan 22BGC Group, Inc. to Report Q4, 2024 Results on Feb 14, 2025BGC Group, Inc. announced that they will report Q4, 2024 results on Feb 14, 2025
공시 • Jan 01BGC Group Reaffirms Earnings Guidance for the Fourth Quarter of 2024BGC reaffirmed its previously stated outlook ranges for revenue for the fourth quarter of 2024. The Company's outlook was contained in BGC's financial results release issued on October 31, 2024.
공시 • Dec 05Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million.Capitolis Inc. acquired Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024. A cash consideration of $46 million will be paid by Capitolis Inc. Gavin Jackson the founder and Chief executive officer of Capitalab will become part of the Capitolis executive team. Capitolis Inc. completed the acquisition of Capitalab from BGC Group, Inc. (NasdaqGS:BGC) for $46 million on December 3, 2024.
공시 • Dec 03BGC Group, Inc. Appoints Mike Whitaker as Global Chief Information Officer and Member of Executive CommitteeBGC Group, Inc. announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology strategy across the company, driving innovation and efficiencies to deliver growth. Mr. Whitaker brings more than 40 years' experience in financial services and technology. He joins BGC from Citi, where he spent 15 years in senior technology management roles and rose to become the firm's Head of Operations & Technology and a member of the Executive Management Team. Prior to joining Citi, Mr. Whitaker worked at Deutsche Bank and Barclays Capital, where his responsibilities included CIO for Global Fixed Income, Global Equities & Prime Finance, eCommerce, and Algorithmic trading functions. He holds a Master of Science degree in financial markets and derivatives from City, University of London.
New Risk • Nov 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Seeking Alpha • Nov 12BGC Group: Entering A Growth SpurtSummary BGC Group's growth is driven by investments in technology and electronic trading, with the Fenics business leading the way and expected to continue this trend. Recent acquisitions in commodities, energy, and shipping sectors align with anticipated demand for inflation hedges, enhancing BGC's revenue potential. I project sustainable earnings growth in the double-digits going forward, due to impressive momentum in the Fenics business. Shares are a buy with a price target of $15. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$11.34, the stock trades at a trailing P/E ratio of 47.5x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 137% over the past three years.
Declared Dividend • Nov 04Third quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 21st November 2024 Payment date: 4th December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.03 (vs US$0.034 in 3Q 2023)Third quarter 2024 results: EPS: US$0.03 (down from US$0.034 in 3Q 2023). Revenue: US$536.0m (up 16% from 3Q 2023). Net income: US$14.7m (down 7.7% from 3Q 2023). Profit margin: 2.8% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
공시 • Oct 07BGC Group, Inc. to Report Q3, 2024 Results on Oct 31, 2024BGC Group, Inc. announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Oct 31, 2024
공시 • Oct 01BGC Group, Inc. Updates Revenue Outlook for the Quarter Ended September 30, 2024BGC Group, Inc. updated its revenue outlook for the quarter ended September 30, 2024. The company expects to be around the high-end of its previously stated outlook ranges for revenue.
공시 • Sep 13BGC Group, Inc. FMX Futures Exchange to Launch on September 23, 2024BGC Group, Inc. announced they will launch the highly anticipated FMX Futures Exchange, an exchange for U.S. interest rate futures, the most widely traded futures contracts in the world, on September 23, 2024 at 9:00 p.m. ET., which represents the beginning of the trade date Tuesday, September 24, 2024. FMX will initially launch with SOFR futures and will add U.S. treasury futures in the first quarter of 2025. FMX expects to provide clients with significant capital savings through its clearing partnership with LCH Limited, a fully approved CFTC Derivatives Clearing Organization and one of the largest clearers of interest rate swaps in the world. LCH has $225 billion of interest rate swap collateral securing its interest rate swaps, against which LCH members expect to cross margin eligible U.S. interest rate futures traded on FMX Futures Exchange. FMX Futures Exchange is a part of FMX Holdings LLC, which includes the world's fastest growing cash U.S. Treasuries marketplace and rapidly growing spot Foreign Exchange platform. Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo are equity owners of FMX Holdings LLC.
Declared Dividend • Aug 02Second quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.076 (vs US$0.05 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.076 (up from US$0.05 loss in 2Q 2023). Revenue: US$529.2m (up 12% from 2Q 2023). Net income: US$36.1m (up US$55.8m from 2Q 2023). Profit margin: 6.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
공시 • Jul 10BGC Group, Inc. to Report Q2, 2024 Results on Jul 30, 2024BGC Group, Inc. announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jul 30, 2024
공시 • Jul 01BGC Group, Inc., Annual General Meeting, Sep 16, 2024BGC Group, Inc., Annual General Meeting, Sep 16, 2024.
공시 • Jun 28BGC Group, Inc. Reaffirms Earnings Guidance for the Second Quarter of 2024BGC Group, Inc. reaffirmed earnings guidance for the second quarter of 2024. BGC reaffirmed its previously stated outlook ranges for revenue for the second quarter of 2024. The Company's outlook was contained in BGC's financial results press release issued on April 30, 2024,.
New Risk • May 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks High level of debt (63% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.7% increase in shares outstanding).
Price Target Changed • May 06Price target increased by 18% to US$10.00Up from US$8.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$8.75. Stock is up 111% over the past year. The company posted earnings per share of US$0.08 last year.
Declared Dividend • May 05First quarter dividend of US$0.02 announcedShareholders will receive a dividend of US$0.02. Ex-date: 20th May 2024 Payment date: 4th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 6%.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.10 (vs US$0.051 in 1Q 2023)First quarter 2024 results: EPS: US$0.10 (up from US$0.051 in 1Q 2023). Revenue: US$558.5m (up 8.0% from 1Q 2023). Net income: US$49.2m (up 159% from 1Q 2023). Profit margin: 8.8% (up from 3.7% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 12Price target increased by 13% to US$9.00Up from US$8.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$7.75. Stock is up 77% over the past year. The company posted earnings per share of US$0.08 last year.
공시 • Apr 04BGC Group, Inc. to Report Q1, 2024 Results on Apr 30, 2024BGC Group, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024
Upcoming Dividend • Feb 26Upcoming dividend of US$0.01 per shareEligible shareholders must have bought the stock before 04 March 2024. Payment date: 19 March 2024. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.3%).
Declared Dividend • Feb 16Fourth quarter dividend of US$0.01 announcedDividend of US$0.01 is the same as last year. Ex-date: 4th March 2024 Payment date: 19th March 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 8%.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: US$0.08 (vs US$0.13 in FY 2022)Full year 2023 results: EPS: US$0.08 (down from US$0.13 in FY 2022). Revenue: US$1.95b (up 12% from FY 2022). Net income: US$34.1m (down 30% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Price Target Changed • Feb 16Price target increased by 13% to US$8.50Up from US$7.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of US$7.20. Stock is up 62% over the past year. The company posted earnings per share of US$0.08 last year.
공시 • Feb 15+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on March 19, 2024On February 13, 2024, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on March 19, 2024 to Class A and Class B common stockholders of record as of March 5, 2024. The ex-dividend date will be March 4, 2024.
공시 • Jan 23BGC Group, Inc. Announces Commodity Futures Trading Commission Approval for FMX Futures ExchangeBGC Group, Inc. announced that its FMX Futures Exchange received Commodity Futures Trading Commission (CFTC) approval to operate an exchange for U.S.Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX. FMX's clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral in the world, uniquely positions FMX to compete and reshape the U.S. interest rate market.
공시 • Jan 09BGC Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024BGC Group, Inc. announced that they will report Q4, 2023 results at 8:00 AM, US Eastern Standard Time on Feb 14, 2024
공시 • Dec 30BGC Group, Inc. Updates Earnings Guidance for the Fourth Quarter Ending December 31, 2023BGC Group, Inc. updated earnings guidance for the fourth quarter ending December 31, 2023. for the quarter, the company expects to be around the high-end of its previously stated outlook ranges for revenue.
Upcoming Dividend • Nov 09Upcoming dividend of US$0.01 per share at 0.6% yieldEligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).
New Risk • Nov 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding).
공시 • Oct 31+ 1 more updateBGC Group, Inc. Declares Quarterly Qualified Cash Dividend, Payable on December 1, 2023On October 27, 2023, BGC Group, Inc.’s Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on December 1, 2023 to Class A and Class B common stockholders of record as of November 17, 2023. The ex-dividend date will be November 16, 2023.
Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: US$0.036 (vs US$0.016 in 3Q 2022)Third quarter 2023 results: EPS: US$0.036 (up from US$0.016 in 3Q 2022). Revenue: US$461.9m (up 15% from 3Q 2022). Net income: US$17.0m (up 196% from 3Q 2022). Profit margin: 3.7% (up from 1.4% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
공시 • Oct 06BGC Group, Inc. to Report Q3, 2023 Results on Oct 30, 2023BGC Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 30, 2023
공시 • Sep 30BGC Group, Inc., Annual General Meeting, Nov 14, 2023BGC Group, Inc., Annual General Meeting, Nov 14, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect five directors to hold office until the next Annual Meeting and until their successors are duly elected and qualified; to hold a vote on the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; to hold an advisory vote on executive compensation; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.
Upcoming Dividend • Aug 14Upcoming dividend of US$0.01 per share at 0.8% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 05 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.7%).
New Risk • Aug 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • Aug 03Second quarter 2023 earnings released: US$0.05 loss per share (vs US$0.039 profit in 2Q 2022)Second quarter 2023 results: US$0.05 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$473.2m (up 12% from 2Q 2022). Net loss: US$19.7m (down 234% from profit in 2Q 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Aug 01BGC Group, Inc. Announces Executive ChangesBGC Group, Inc. announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker. Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets. Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.
