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BGC Group vs TOP Financial Group: BGC and TOP compared
BGC Group is the larger company: $833M of revenue in its latest quarter (Q3 2026) against $2.2M for TOP Financial Group (Q2 FY27). TOP Financial Group is growing faster (+44% against +13% a year earlier). TOP Financial Group is more profitable, with an operating margin of 12.4% against 11.8%.
Where the money goes: BGC and TOP
BGC Group (BGC) · Q3 2026
BGC Group, Q3 2026: revenue $833M (+13% year over year), operating margin 11.8%, net earnings $71.3M. The chart follows the revenue to costs, profit and cash.
TOP Financial Group (TOP) · Q2 FY27
TOP Financial Group, Q2 FY27: revenue $2.2M (+44% year over year), operating margin 12.4%, net earnings $274K, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
| BGC Group (BGC) | TOP Financial Group (TOP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $833M | $2.2M |
| Revenue growth, Y/Y | +13% | +44% |
| Operating margin | 11.8% | 12.4% |
| Net earnings | $71.3M | $274K |
| Net margin | 8.6% | 12.4% |
| Operating cash flow | — | −$8.4M |
| Market value | $5.0B | — |
| P/E | 26.5× | — |
| Analysts’ mean target | $16.00 | — |
Where the revenue comes from
TOP Financial Group
- Interest income from loan business: $1.4M (63%)
- Other service revenues: $319K (14%)
- AI Services: $222K (10%)
- Commission on futures broking from overseas Exchanges: $112K (5%)
Questions
Which is bigger, BGC Group or TOP Financial Group?
BGC Group is the larger company: $833M of revenue in its latest quarter (Q3 2026) against $2.2M for TOP Financial Group (Q2 FY27).
Is BGC Group or TOP Financial Group growing faster?
TOP Financial Group is growing faster (+44% against +13% a year earlier).
Which is more profitable, BGC Group or TOP Financial Group?
TOP Financial Group is more profitable, with an operating margin of 12.4% against 11.8%.
More: BGC Group earnings · how BGC Group makes money · TOP Financial Group earnings · how TOP Financial Group makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 5, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.