Filing Flows › BGC Group (BGC) › Q2 2026 › vs Q2 2025
BGC Group (BGC) Q2 2026 vs Q2 2025 (year over year)
BGC Group's revenue rose $61.5M (+8%) from $784M in Q2 2025 to $846M in Q2 2026. The biggest changes: Commissions +$49.7M (+8%); Other revenues +$14.0M (+10%); Total other revenues −$3.6M (-46%). Operating margin 11.7% against 9.6% (+2.1 pts).
BGC Group, Q2 2026: revenue $846M (+8% year over year), operating margin 11.7%, net earnings $72.5M, operating cash flow $162M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.7% | 9.6% | +2.1 pts |
| Net margin | 8.6% | 7.3% | +1.2 pts |
| Free cash flow margin | 18.5% | 8.3% | +10.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Commissions | $649M | $599M | $49.7M | +8% |
| Data, network and post-trade | $36.7M | $35.5M | $1.2M | +3% |
| Fees from related parties | $5.5M | $5.2M | $252K | +5% |
| Total other revenues | $4.2M | $7.8M | −$3.6M | -46% |
| Other revenues | $150M | $136M | $14.0M | +10% |
| Revenue | $846M | $784M | $61.5M | +8% |
| Operating profit | $98.9M | $75.3M | $23.7M | +31% |
| Costs & expenses | $747M | $709M | $37.9M | +5% |
| Pre-tax earnings | $98.9M | $75.3M | $23.7M | +31% |
| Sales & marketing | $37.4M | $28.8M | $8.6M | +30% |
| Other operating costs | $709M | $680M | $29.2M | +4% |
| Loss borne by minority interests | $3.6M | $1.3M | $2.3M | +174% |
| Net earnings | $72.5M | $57.5M | $14.9M | +26% |
| Income tax | $30.1M | $19.1M | $11.0M | +58% |
| Depreciation & amortization | $25.6M | $25.9M | −$254K | -1% |
| Working capital & other | $63.5M | −$12.2M | $75.7M | — |
| Operating cash flow | $162M | $71.2M | $90.4M | +127% |
| Free cash flow (OCF − capex) | $157M | $65.0M | $91.7M | +141% |
| Capital expenditures | $4.9M | $6.3M | −$1.4M | -22% |
Questions
How much did BGC Group's revenue grow year over year in Q2 2026?
BGC Group's revenue rose $61.5M (+8%) from $784M in Q2 2025 to $846M in Q2 2026.
What drove BGC Group's revenue change in Q2 2026?
Commissions +$49.7M (+8%); Other revenues +$14.0M (+10%); Total other revenues −$3.6M (-46%).