Saturday 17 October 2026 Export BGC’s income statement to Excel — free account

BGC Group, Inc.

BGC Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 30.0% from fiscal 2024. In the quarter to June 2026, revenue grew 7.85%, EPS grew 36.4%, free cash flow grew 164.2% and total debt fell 7.50%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.

11.59 0.01 −0.09%

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Market cap: $5.4B
P/E: 28.3×
Fwd P/E: 7.4×
Dividend yield: —
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	—	—	—	—	—	—

Insider Ownership 26.07%

Capital & Financial Ratios $m

Market Cap 5,410.00

Revenue 3,294.24

Net Income 189.20

Free Cash Flow 440.61

Net Debt 892.94

Current Ratio 1.37

Debt/Equity 1.39

P/E ratio 28.27

Fwd P/E 7.44

P/S ratio 1.67

P/B ratio 4.33

Past 5Y EPS Growth 27.20%

This Y EPS Growth 20.76%

Next Y EPS Growth 12.28%

Next Y revenue growth 17.53%

Next 5Y EPS Growth 15.62%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 44.38%

10-year low 10-year high

P/S against its own 10 years 83.63%

10-year low 10-year high

P/B against its own 10 years 94.29%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	0.03	0.01 0.01 0.01
2022	0.04	0.01 0.01 0.01 0.01
2021	0.04	0.01 0.01 0.01 0.01
2020	0.17	0.14 0.01 0.01 0.01
2019	0.56	0.14 0.14 0.14 0.14
2018	0.45	0.11 0.11 0.11 0.11
2017	0.44	0.10 0.11 0.11 0.11
2016	0.39	0.09 0.10 0.10 0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	673	733	874	881
Receivables	1,024	1,050	1,386	2,809
Inventory	46	186	128	95
Other	—	—	—	—
	1,742	1,969	2,387	3,690

	2023	2024	2025	Q'26
Payables	888	947	1,107	2,365
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,094	1,175	1,491	2,703

Compound Annual Growth %

	10y	5y	3y
Sales	0.55%	7.42%	17.89%
Cash Flow	(5.38%)	5.44%	20.68%
Earnings	(0.32%)	28.02%	47.07%
Book Value	(0.73%)	7.14%	16.03%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	955	846	—	—	—
’25	664	784	737	756	2,941
’24	579	551	561	572	2,263
’23	533	493	483	517	2,025
’22	506	436	417	437	1,795
’21	568	512	474	462	2,015
’20	603	519	455	479	2,057

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	20	162	—	—	—
’25	1	71	142	180	394
’24	28	(53)	88	252	315
’23	24	(106)	313	174	405
’22	(10)	64	78	92	224
’21	44	154	108	111	417
’20	(72)	145	67	163	303

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	5	148	—	—	—
’25	(15)	56	124	163	328
’24	13	(72)	68	235	243
’23	10	(123)	301	157	345
’22	(22)	50	62	76	166
’21	20	137	98	98	364
’20	(93)	103	45	150	217

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.17	0.15	—	—	—
’25	0.11	0.11	0.06	0.03	0.31
’24	0.10	0.08	0.03	0.05	0.25
’23	0.04	(0.05)	0.03	0.04	0.07
’22	0.06	0.03	0.01	0.01	0.12
’21	0.11	0.04	(0.03)	0.20	0.28
’20	0.04	0.07	0.02	(0.01)	0.09

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.26	6.62	5.04	4.46	2.07	3.52	3.00	3.82	6.58	7.24	Analyst estimates 2026–2028 Powerpack
	High	6.84	10.91	9.81	6.41	6.15	6.52	4.79	7.32	11.79	10.96
People
People	Employees	8,091	9,238	4,688	5,200	5,000	3,920	3,818	3,895	4,011	4,560
	Revenue/emp, $m	0.19	0.19	0.41	0.40	0.41	0.51	0.47	0.52	0.56	0.65
Income, $m
Income, $m	Revenue	1,554	1,751	1,938	2,105	2,057	2,015	1,795	2,025	2,263	2,941
	Gross margin, %	97.58	97.54	96.81	96.98	97.11	96.79	96.75	96.96	96.87	97.61
	EBT	120	4	172	117	72	177	97	58	173	214
	EBT margin, %	7.75	0.24	8.87	5.54	3.51	8.76	5.43	2.85	7.65	7.27
	Net income	254	82	287	67	51	153	59	39	123	147
	Depreciation	103	93	87	121	157	303	127	135	142	248
Per share, $
Per share, $	Revenue	5.61	6.09	6.02	6.11	5.69	5.31	4.83	4.75	4.78	6.17
	Earnings	0.37	0.18	0.60	0.16	0.14	0.33	0.13	0.08	0.26	0.31
	Cash flow	(0.38)	1.37	(0.21)	0.70	0.84	1.10	0.60	0.95	0.67	0.83
	Capex	(0.13)	(0.20)	(0.23)	(0.28)	(0.24)	(0.14)	(0.16)	(0.14)	(0.15)	(0.14)
	Free cash flow	(0.52)	1.17	(0.44)	0.42	0.60	0.96	0.45	0.81	0.51	0.69
	Book value	5.90	3.97	2.68	2.11	2.24	1.75	1.97	2.11	2.28	2.40
	Shares, m	277	287	322	344	362	379	372	426	473	476
Valuation, ×
Valuation, ×	P/E	17.21	973.00	8.62	37.13	29.85	13.29	28.14	99.71	34.85	28.81
	P/S	1.20	0.98	0.88	0.97	0.70	0.88	0.82	1.47	1.90	1.45
	P/B	1.14	2.48	1.98	2.82	1.78	2.66	2.00	3.31	3.97	3.71
	EV/Sales	1.79	0.91	1.02	1.18	0.90	1.12	1.12	1.72	2.28	1.72
	EV/FCF	(19.36)	7.88	(10.61)	39.85	13.83	7.42	19.13	12.24	28.25	18.84
Cash, $m
Cash, $m	Operating cash flow	(107)	393	(67)	241	303	417	224	405	315	394
	Capex	(37)	(58)	(74)	(97)	(85)	(53)	(59)	(60)	(72)	(66)
	Free cash flow	(143)	335	(142)	144	217	364	166	345	243	328
Balance, $m
Balance, $m	Working capital	1,394	404	401	328	558	367	432	648	794	896
	Total debt	1,914	581	769	1,148	1,320	1,056	1,051	1,184	1,338	1,776
	Net debt	1,101	(193)	261	440	407	490	549	511	604	902
	Shareholders’ equity	1,634	1,140	863	725	811	663	733	898	1,079	1,145
Returns, %
Returns, %	ROA	4.10	0.98	4.56	1.19	1.14	3.40	1.52	1.16	3.75	3.87
	ROIC	1.96	3.34	8.69	14.65	7.27	(5.07)	6.63	4.87	7.81	9.66
	ROE	12.91	3.71	20.19	5.53	5.87	16.82	6.98	4.45	12.84	13.93

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GLXY Galaxy Digital Inc.	$7.1B	— (loss-making)	— (loss-making)	−0.99% (below 0%: shrinking)	n/m	+80.14% (above 0%: growing)	0.86%	(1.21%)	Compare
WULF TeraWulf Inc.	$6.3B	— (loss-making)	— (loss-making)	−6.02% (below 0%: shrinking)	n/m	−695.25% (below 0%: shrinking)	72.30%	(313.74%)	Compare
FIGR Figure Technology Solutions, Inc.	$6.2B	17.7×	30.4×	+112.66% (above 0%: growing)	−9.34% (below 0%: shrinking)	−119.20% (below 0%: shrinking)	87.18%	34.46%	Compare
RIOT Riot Platforms, Inc.	$5.8B	— (loss-making)	— (loss-making)	+13.89% (above 0%: growing)	n/m	+49.16% (above 0%: growing)	23.67%	(137.42%)	Compare
MKTX MarketAxess Holdings Inc.	$5.8B	19.4×	14.6×	−0.48% (below 0%: shrinking)	+1.05% (above 0%: growing)	−83.73% (below 0%: shrinking)	100.00%	41.15%	Compare
BGC BGC Group, Inc.	$5.4B	28.3×	7.4×	+7.85% (above 0%: growing)	+36.36% (above 0%: growing)	+164.18% (above 0%: growing)	97.58%	12.38%
MRX Marex Group PLC	$5.2B	16.7×	11.3×	+76.97% (above 0%: growing)	+94.87% (above 0%: growing)	+54.74% (above 0%: growing)	100.00%	21.10%	Compare
PIPR Piper Sandler Companies	$4.6B	14.2×	16.3×	+24.88% (above 0%: growing)	+58.10% (above 0%: growing)	+58.77% (above 0%: growing)	98.91%	20.27%	Compare
MC Moelis & Company	$4.5B	18.0×	21.5×	+12.05% (above 0%: growing)	+16.36% (above 0%: growing)	+8.25% (above 0%: growing)	100.00%	17.79%	Compare
Median of peers	$5.8B	17.7×	16.3×	+12.97%	+16.36%	+28.70%	93.05%	19.03%

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BGC Group, Inc. (BGC) key facts

Strength: BGC Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 30.0% from fiscal 2024.
BGC Group, Inc. (BGC) is a Capital Markets company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, BGC traded at $11.59, a market capitalization of $5.4 billion.
Return on equity was 13.9% and debt-to-equity 1.39.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.