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BGC Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$157M in Q2 2026 · $484M over twelve months

Operating cash flow$162M
Capital spending−$4.9M
Free cash flow+$157M
Cash / net income2.3×

Analysis

In Q2 2026, BGC Group generated $162M of operating cash flow and spent $4.9M on capital projects, leaving free cash flow of $157M. That is $91.7M more than in Q2 2025 ($65.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was $504M; the largest uses were net borrowing (+) / repaid (−) ($461M), buybacks ($225M), dividends ($38.8M); besides operations, cash came from other financing ($183M), other investing ($18.6M); the cash balance fell by $55.5M.

Operating cash flow was $162M against net income of $68.8M — 2.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$25.6M, receivables +$21.7M, prepaid and other assets −$11.9M.

Free cash flow

BGC Group: free cash flow by quarterBGC Group: free cash flow by quarter$78.8MQ3 2024$246MQ4 2024−$4.4MQ1 2025$65.0MQ2 2025$137MQ3 2025$175MQ4 2025$15.4MQ1 2026$157MQ2 2026
Operating cash flow less capital spending.
BGC Group: operating cash flow against capital spendingBGC Group: operating cash flow against capital spendingOperating cash flowCapital spending$88.3M$9.6MQ3 2024$252M$6.3MQ4 2024$839K$5.3MQ1 2025$71.2M$6.3MQ2 2025$142M$4.7MQ3 2025$180M$5.3MQ4 2025$20.2M$4.8MQ1 2026$162M$4.9MQ2 2026
Latest (Q2 2026): Operating cash flow $162M, Capital spending $4.9M.

Capital allocation, year by year

BGC Group: where the cash came from (up) and went (down), by fiscal yearBGC Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $417MFY2021: Net borrowing −$268MFY2021: Asset sales $535MFY2021: Capital spending −$10.1MFY2021: Buybacks −$365MFY2021: Dividends −$15.1M$952MFY2021FY2022: Operating cash flow $224MFY2022: Net borrowing −$7.2MFY2022: Capital spending −$10.6MFY2022: Buybacks −$104MFY2022: Dividends −$14.9M$224MFY2022FY2023: Operating cash flow $405MFY2023: Net borrowing −$626MFY2023: Capital spending −$14.9MFY2023: Acquisitions −$39.8MFY2023: Buybacks −$115MFY2023: Dividends −$17.4M$405MFY2023FY2024: Operating cash flow $315MFY2024: Net borrowing −$816MFY2024: Capital spending −$29.6MFY2024: Acquisitions −$64.2MFY2024: Buybacks −$262MFY2024: Dividends −$34.2M$315MFY2024FY2025: Operating cash flow $394MFY2025: Net borrowing −$1.0BFY2025: Capital spending −$21.5MFY2025: Acquisitions −$281MFY2025: Buybacks −$282MFY2025: Dividends −$39.0M$394MFY2025
Over these 5 years operating cash flow totalled $1.8B; the largest uses were net borrowing ($2.7B) and buybacks ($1.1B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$767M
Debt$1.5B
Net debt$773M

BGC Group funds itself: free cash flow was $484M over the last twelve months, and $767M of cash and investments stands against $1.5B of debt.

Where the cash came from and went

BGC Group: sources (+) and uses (−) of cash, Q2 2026BGC Group: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$162MBuybacks−$112MTaxes on employees’ shares−$41.0MCash drawn (+) / kept (−)$16.5MDividends−$9.7MOther investing−$6.3MCapital spending−$4.9MOther financing−$4.0MExchange rates$379KNet borrowing (+) / repaid (−)−$334K
BGC Group: sources (+) and uses (−) of cash, TTM to Q2 2026BGC Group: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$504MNet borrowing (+) / repaid (−)−$461MBuybacks−$225MOther financing$183MCash drawn (+) / kept (−)$55.5MDividends−$38.8MCapital spending−$19.7MOther investing$18.6MAcquisitions−$17.3MExchange rates$570K

From profit to cash

BGC Group: net income to operating cash flow, Q2 2026BGC Group: net income to operating cash flow, Q2 2026Net income$68.8MDepreciation & amortization$25.6MDeferred taxes−$984KImpairments$1.1MReceivables$21.7MPrepaid and other assets−$11.9MOperating cash flow$162M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$162M−$4.9M—−$112M−$9.7M−$334K$16.5M$157M
Q1 2026$20.2M−$4.8M—−$2.3M−$9.7M−$258K$70.6M$15.4M
Q4 2025$180M−$5.3M−$1.6M−$68.0M−$9.7M−$300M−$74.5M$175M
Q3 2025$142M−$4.7M−$15.7M−$41.9M−$9.8M−$85.3M$42.9M$137M
Q2 2025$71.2M−$6.3M−$263M−$149M−$9.7M−$620M$144M$65.0M
Q1 2025$839K−$5.3M−$600K−$23.1M−$9.9M−$328K−$252M−$4.4M
Q4 2024$252M−$6.3M−$64.2M−$50.0M−$9.7M−$300M−$150M$246M
Q3 2024$88.3M−$9.6M—−$64.1M−$9.8M—$2.6M$78.8M

BGC Group: income statement and cash flow

BGC Group, Q3 2026: revenue $833M (+13% year over year), operating margin 11.8%. The chart follows the revenue to costs, profit and cash.

BGC Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.