Filing Flows › BGC Group (BGC) › Q2 2026
BGC Group (BGC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
BGC Group (BGC) reported revenue of $846M for the second quarter 2026 (Q2 2026), +8% from a year earlier and -12% from the quarter before. Operating margin was 11.7%, net earnings $72.5M (8.6% of revenue).
BGC Group, Q2 2026: revenue $846M (+8% year over year), operating margin 11.7%, net earnings $72.5M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $846M | -12% | +8% |
| Operating profit | $98.9M | -14% | +31% |
| Net earnings | $72.5M | -14% | +26% |
| Operating cash flow | $162M | +700% | +127% |
| Free cash flow | $157M | +920% | +141% |
What changed
Revenue was $845.5M in Q2 2026, up 8% year over year and down 12% from the previous quarter. Commissions was the largest line at 77% of revenue. Commissions added $49.7M year over year (up 8%), 81% of the total change. Total other revenues declined 46%.
Operating profit was $98.9M, a 11.7% margin (up 2.1 points year over year). Of the extra revenue versus Q2 2025, 38% reached operating profit, above the 10% margin then. Total costs grew 5% against revenue growth of 8%. The fastest-growing cost line was Sales & marketing (+30%). Net earnings were $72.5M, up 26% year over year ($68.8M including minority interests, which bore $3.6M of losses). The effective tax rate was 30.4%.
Operating cash flow was $161.6M (up 127% year over year), 235% of net income including minority interests. Non-cash charges added back $25.6M of depreciation and amortization. Working capital and other items added $67.1M. Capital expenditures of $4.9M left free cash flow of $156.7M.
Questions
What was BGC Group's revenue in the second quarter 2026?
BGC Group (BGC) reported revenue of $846M for the second quarter 2026 (Q2 2026), +8% from a year earlier and -12% from the quarter before.
Was BGC Group profitable in the second quarter 2026?
Operating profit was $98.9M (11.7% of revenue) and net earnings $72.5M.
Source: BGC Group 10-Q on SEC EDGAR.