Filing Flows › Financials › BGC Group (BGC)
BGC Group (BGC) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 5, 2026
Q3 2026 Revenue up 13% year over year to $833M · 9¢ of every $1 of revenue kept as net profit · operating margin 11.8%
BGC Group made $833M in Q3 2026 (+13% Y/Y). Operating margin 11.8%, net earnings $71.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $832.6M in Q3 2026, up 13% year over year and down 2% from the previous quarter.
Operating profit was $98.1M, a 11.8% margin (up 7.2 points year over year). Of the extra revenue versus Q3 2025, 67% reached operating profit, above the 5% margin then. Total costs grew 4% against revenue growth of 13%. Net earnings were $71.3M, up 156% year over year ($70.0M including minority interests, which bore $1.3M of losses). The effective tax rate was 28.6%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 5, 2026 | $833M | +13% | 11.8% | $71.3M | — |
| Q2 2026 | 10-Q | Aug 10, 2026 | $846M | +8% | 11.7% | $72.5M | $162M |
| Q1 2026 | 10-Q | May 11, 2026 | $955M | +44% | 12.1% | $84.1M | $20.2M |
| Q4 2025 | 10-K | Mar 2, 2026 | $756M | +32% | 3.3% | $14.4M | $180M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $737M | +31% | 4.5% | $27.9M | $142M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $784M | +42% | 9.6% | $57.5M | $71.2M |
| Q1 2025 | 10-Q | May 12, 2025 | $664M | +15% | 12.0% | $55.2M | $839K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About BGC Group
Throughout this document, the terms the “Company,” “BGC,” “we,” “our,” and “us,” refer to: (i) following the closing of the Corporate Conversion, effective at 12:02 am Eastern Time on July 1, 2023, BGC Group, Inc. and its consolidated subsidiaries, including BGC Partners, Inc.; and (ii) prior to the closing of the Corporate Conversion, BGC Partners, Inc. and its consolidated subsidiaries. We are a leading global marketplace, data, and financial technology company across the ECS and financial markets. We specialize in the brokerage and trade execution of a broad range of ECS products, including listed derivatives and physical commodities in the oil and refined, and environmental and energy transition, markets, as well as ship chartering.
In its own words, from its 10-K, filed Mar 2, 2026.
BGC Group against its Security & Commodity Brokers, Dealers, Exchanges & Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +17%. Operating margin: 11.8% against the peers' median 30.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BGC BGC Group | Q3 2026 | $833M | +13% | 11.8% |
| SNEX StoneX Group | Q3 FY26 | $40.2B | +15% | 0.4% |
| LPLA LPL Financial Holdings | Q3 2026 | $5.3B | +17% | 9.1% |
| ICE Intercontinental Exchange | Q3 2026 | $3.6B | +21% | 38.8% |
| NDAQ Nasdaq | Q3 2026 | $2.4B | +21% | 30.6% |
| CME CME Group | Q3 2026 | $1.7B | +13% | 65.7% |
| CBOE Cboe Global Markets | Q3 2026 | $1.4B | +19% | 39.3% |
| TW Tradeweb Markets | Q3 2026 | $585M | +15% | 43.4% |
| TOP TOP Financial Group | Q2 FY27 | $2.2M | +44% | 12.4% |
Source: BGC Group 8-K on SEC EDGAR · CIK 1094831 · Security & Commodity Brokers, Dealers, Exchanges & Services
13F: who owns BGC and who is buying
More on BGC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results