BGC Group, Inc. Class A Common Stock (BGC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.34	$0.35	+2.9%	—	$818.8M	—
Q1 26	$0.41	$0.41	0.0%	—	$944.9M	—
Q4 25	$0.29	$0.31	+6.9%	—	$743.5M	—
Q3 25	$0.28	$0.29	+3.6%	—	$722.8M	—
Q2 25	$0.31	$0.31	0.0%	—	$768.7M	—
Q1 25	$0.28	$0.29	+3.6%	—	$652.6M	—
Q4 24	$0.25	$0.25	0.0%	—	$560M	—
Q3 24	$0.23	$0.26	+13.0%	—	$544.2M	—
Q2 24	$0.23	$0.23	0.0%	—	$533.6M	—
Q1 24	$0.25	$0.25	0.0%	—	$568.9M	—
Q4 23	$0.2	$0.21	+5.0%	—	$500.2M	—
Q3 23	$0.18	$0.19	+5.6%	—	$472.5M	—
Q2 23	$0.19	$0.2	+5.3%	—	$479.7M	—
Q1 23	$0.23	$0.23	0.0%	—	$527.6M	—
Q4 22	$0.16	$0.16	0.0%	—	$431M	—
Q3 22	$0.15	$0.16	+6.7%	—	$412.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.31	—	—	$2.9B	—
FY24	—	$0.26	—	—	$2.2B	—
FY23	—	$0.08	—	—	$2B	—
FY22	—	$0.13	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.5B	$1.7B	$1.9B	$2.1B	$2B	$2B	$1.8B	$2B	$2.2B	$2.9B
YoY change	-52.3%	+19.6%	+10.8%	+8.47%	-2.01%	-2.5%	-11%	+11.6%	+11.4%	+30.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.5B	1.7B	1.9B	2.1B	2B	2B	1.8B	2B	2.2B	2.9B
Cost of revenue	—	1B	1.1B	1.2B	1.2B	1.4B	937.1M	1.1B	1.2B	1.8B
Gross profit	—	727M	836.6M	875.9M	828.9M	633.3M	837.2M	893.2M	979.5M	1.1B
Gross margin	—	41.9%	43.5%	42%	40.5%	31.8%	47.2%	45.1%	44.4%	38.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.2B	621.3M	622.7M	651.7M	610.3M	667.9M	634.6M	754.5M	794.4M	822.5M
Operating expenses	1.2B	637.2M	642.9M	671.5M	634M	692M	634.6M	754.5M	794.4M	822.5M
Operating income	—	105.6M	213.9M	224.2M	218.5M	-34.6M	202.5M	138.7M	185.1M	300.6M
Operating margin	—	6.08%	11.1%	10.7%	10.7%	-1.74%	11.4%	7%	8.39%	10.4%
Non-operating income, net	—	-39.1M	-13.8M	-65.6M	-82M	258.5M	-68.2M	-49.1M	22.9M	-15.3M
Pretax income	120.5M	4.1M	171.9M	116.6M	72.2M	176.5M	97.5M	57.7M	173.1M	213.7M
Income tax	56.3M	92.8M	63.8M	49.8M	21.3M	23M	38.6M	18.9M	49.9M	67.2M
Net income	253.8M	81.7M	286.6M	66.8M	50.9M	153.5M	58.9M	38.8M	123.2M	148.6M
Net margin	17.5%	4.71%	14.9%	3.2%	2.49%	7.7%	3.32%	1.96%	5.58%	5.15%
EBITDA	233.6M	146M	285.9M	240.3M	233.9M	14.8M	231.5M	215.4M	306.9M	375.7M
EPS	0.37	0.18	0.6	0.16	0.14	0.33	0.13	0.08	0.26	0.31
Diluted EPS	0.36	0.17	0.56	0.16	0.13	0.32	0.13	0.07	0.25	0.31

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	472.5M	500.2M	568.9M	533.6M	544.2M	560M	652.6M	768.7M	722.8M	743.5M	944.9M	818.8M
Cost of revenue	254.9M	273.4M	315.4M	297.4M	297.1M	317.1M	367.5M	443.6M	426.9M	526.6M	567.1M	480.1M
Gross profit	217.7M	226.7M	253.4M	236.2M	247.1M	242.8M	285.1M	325.2M	295.9M	216.9M	377.8M	338.7M
Gross margin	46.1%	45.3%	44.5%	44.3%	45.4%	43.4%	43.7%	42.3%	40.9%	29.2%	40%	41.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	167.2M	181.5M	197.9M	167.9M	198.9M	229.8M	183.6M	209.7M	202.5M	226.8M	215.9M	215.8M
Operating expenses	167.2M	181.5M	197.9M	167.9M	198.9M	229.8M	183.6M	209.7M	202.5M	226.8M	215.9M	215.8M
Operating income	50.5M	45.3M	55.5M	68.3M	48.2M	13.1M	101.5M	115.5M	93.4M	-9.8M	161.9M	123M
Operating margin	10.7%	9.05%	9.75%	12.8%	8.86%	2.33%	15.6%	15%	12.9%	-1.32%	17.1%	15%
Non-operating income, net	-16M	-9.2M	26M	-8.8M	-20.3M	26M	-8.5M	-21.7M	-40.1M	55M	-24.6M	-17.9M
Pretax income	23.9M	31.9M	71.1M	55.2M	19.7M	27.2M	80M	75.3M	33.5M	25M	115.4M	98.9M
Income tax	5.3M	10.6M	22.1M	18M	6M	3.9M	26.5M	19.1M	7.4M	14.2M	32M	30.1M
Net income	18.6M	21.3M	49M	37.2M	13.7M	23.3M	53.4M	56.2M	26.1M	10.8M	83.5M	68.8M
Net margin	3.93%	4.25%	8.62%	6.97%	2.52%	4.16%	8.19%	7.31%	3.61%	1.46%	8.83%	8.41%
EBITDA	66.5M	73M	111.9M	96.9M	64.7M	72.1M	126.5M	135M	94.8M	86.2M	173.7M	137.4M
EPS	0.03	0.04	0.1	0.08	0.03	0.05	0.11	0.11	0.06	—	0.17	0.15
Diluted EPS	0.03	0.04	0.1	0.08	0.03	0.05	0.11	0.11	0.06	—	0.17	0.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	2.8B	—	2B	1.4B	1.8B	1.4B	—	—	4.3B	5.6B
Enterprise value	—	2.7B	—	2.9B	2.3B	2.4B	2.1B	—	—	5.4B	6.9B
Shares outstanding	277.1M	287.4M	322.1M	344.3M	361.7M	379.2M	371.6M	426.4M	473.4M	476.4M	476.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	34.2	—	30.6	28.4	11.5	23.8	—	—	28.6	29.6
P/S	—	1.61	—	0.98	0.71	0.88	0.79	—	—	1.47	1.78
P/B	—	2.45	—	2.82	1.78	2.66	1.91	—	—	3.71	5.06
EV/EBITDA	—	18.3	—	12.2	9.84	162.2	9.2	—	—	14.4	18.4
EV/Sales	—	1.54	—	1.4	1.13	1.2	1.2	—	—	1.87	2.19
Earnings yield	—	2.93%	—	3.27%	3.52%	8.7%	4.2%	—	—	3.49%	3.38%
FCF yield	—	44.1%	—	7.02%	15%	20.6%	11.8%	—	—	7.72%	31.5%
PEG	—	—	—	—	—	—	—	—	—	—	0.81

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	41.9%	43.5%	42%	40.5%	31.8%	47.2%	45.1%	44.4%	38.9%	41.4%
Operating margin	—	6.08%	11.1%	10.7%	10.7%	-1.74%	11.4%	7%	8.39%	10.4%	9.04%
Net margin	17.5%	4.71%	14.9%	3.2%	2.49%	7.7%	3.32%	1.96%	5.58%	5.15%	6.29%
ROE	15.5%	7.17%	33.2%	9.22%	6.28%	23.1%	8.03%	4.32%	11.4%	13%	15.9%
ROA	—	—	8.35%	1.7%	1.29%	4.59%	1.91%	1.22%	3.43%	3.37%	3.56%
ROIC	—	0%	10.7%	8.02%	9.25%	-2.33%	8.37%	5.9%	7.14%	9.01%	11.2%
Return on tangible assets	—	—	15.7%	3.02%	2.25%	7.86%	3.43%	2.23%	6.07%	6.58%	5.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	1.56	1.46	1.8	1.68	1.94	1.88	1.9	2.12	1.51
Quick ratio	—	—	1.56	1.46	1.8	1.68	1.94	1.88	1.9	2.12	1.39
Debt / equity	0.75	0.51	0.91	1.86	1.86	1.85	1.65	1.49	1.37	1.74	1.57
Debt / assets	—	—	0.23	0.34	0.38	0.37	0.39	0.42	0.41	0.45	0.31
Net debt / EBITDA	2.01	-0.79	1.36	3.65	3.66	42.8	3.15	3.17	2.49	3.04	2.05
Interest coverage	—	1.05	5.05	2.94	1.94	3.55	2.68	1.75	2.9	2.71	3.07
Effective tax rate	46.8%	100%	37.1%	42.7%	29.5%	13%	39.6%	32.8%	28.8%	31.4%	30.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.24	6.04	5.97	6.06	5.65	5.26	4.78	4.64	4.66	6.06	6.67
EPS (basic)	0.37	0.18	0.6	0.16	0.14	0.33	0.13	0.08	0.26	0.31	0.31
EPS (diluted)	0.36	0.17	0.56	0.16	0.13	0.32	0.13	0.07	0.25	0.31	0.4
Book value per share	5.9	3.97	2.68	2.11	2.24	1.75	1.97	2.11	2.28	2.4	2.34
FCF per share	-2.56	4.28	-2.76	0.42	0.6	0.96	0.45	0.81	0.51	0.69	0.92
Cash per share	2.72	2.42	1.23	1.37	1.81	1.57	1.31	1.54	1.5	1.79	1.85
Capex per share	0.06	0.09	0.08	0.14	0.09	0.03	0.03	0.03	0.06	0.09	0.09

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.23%	1.44%	1.28%	2.24%	1.51%	0.51%	0.6%	0.75%	1.34%	1.54%	1.37%
Capex / operating cash flow	6.47%	4.81%	-7.95%	8.02%	5.45%	4.4%	2.02%	2.51%	8.56%	11.3%	8.78%
Payout ratio	67.3%	399.3%	138%	458.1%	242.6%	43.8%	74.3%	93.9%	27.7%	26.2%	20%
Dividend yield	—	11.7%	—	15%	8.54%	3.81%	3.12%	—	—	0.92%	0.68%

Yield

0.68%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.02

ex-dividend Aug 19, 2026

Payout ratio

20%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.02
May 27, 2026	$0.02
Mar 4, 2026	$0.02
Nov 26, 2025	$0.02
Aug 20, 2025	$0.02

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$472.5M	$500.2M	$568.9M	$533.6M	$544.2M	$560M	$652.6M	$768.7M	$722.8M	$743.5M	$944.9M	$818.8M
YoY change	+14.6%	+16%	+7.83%	+11.2%	+15.2%	+12%	+14.7%	+44.1%	+32.8%	+32.8%	+44.8%	+6.52%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	754M	696.9M	394.9M	472.9M	654.9M	594.4M	485M	655.6M	711.6M	851.5M
Receivables	903.3M	401.4M	1.8M	1.9M	3M	5.5M	0	—	1.4M	0
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	2.2B	2.4B	2.5B	2B	1.7B	1.7B	1.9B	2.4B
Property, plant & equipment	167.2M	124.5M	157.2M	373.9M	382M	326.4M	313.3M	302.5M	304.5M	342M
Goodwill & intangibles	2.9B	1.5B	1.6B	1.7B	1.7B	1.4B	1.4B	1.4B	1.6B	2.2B
Total assets	—	—	3.4B	3.9B	4B	3.3B	3.1B	3.2B	3.6B	4.4B
Accounts payable	384.8M	32.2M	12M	11.9M	11.8M	0	1.6M	76K	0	1.1M
Short-term debt	0	6M	5.2M	73.9M	3.8M	3.6M	1.9M	239.2M	195.8M	257.7M
Total current liabilities	—	—	1.4B	1.7B	1.4B	1.2B	900.1M	929.1M	973.7M	1.1B
Long-term debt	1.2B	575M	779.7M	1.3B	1.5B	1.2B	1.2B	1.1B	1.3B	1.7B
Total liabilities	—	—	2.6B	3.2B	3.1B	2.7B	2.3B	2.3B	2.5B	3.3B
Shareholders' equity	1.6B	1.1B	863.2M	725M	811.3M	663.3M	733.2M	898.2M	1.1B	1.1B
Total debt	1.2B	581.1M	784.8M	1.3B	1.5B	1.2B	1.2B	1.3B	1.5B	2B
Net debt	669.9M	67.8M	448.3M	933.6M	913.7M	672M	728.3M	682.2M	765M	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	559.6M	655.6M	566.8M	571.7M	563.5M	711.6M	966.4M	827.8M	774.9M	851.5M	781M	766.9M
Receivables	7.4M	—	5.3M	92M	3.1M	1.4M	5.8M	0	834K	0	13.4M	4.4M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.4B	1.7B	2.8B	2.6B	2.7B	1.9B	3.1B	2.8B	3.7B	2.4B	3.7B	3.6B
Property, plant & equipment	176.4M	302.5M	176.8M	182.9M	188.2M	304.5M	189.5M	189.5M	192.6M	342M	181M	180M
Goodwill & intangibles	1.4B	1.4B	1.4B	1.4B	1.4B	1.6B	1.6B	2.1B	2.2B	2.2B	2.1B	2.1B
Total assets	3.9B	3.2B	4.4B	4.3B	4.4B	3.6B	4.9B	4.9B	5.8B	4.4B	5.9B	5.8B
Accounts payable	627.2M	76K	664.3M	657.4M	694.7M	0	696.1M	778.3M	821.9M	1.1M	790M	814M
Short-term debt	238.9M	239.2M	275M	—	—	195.8M	546.3M	81.7M	—	257.7M	238.1M	234.4M
Total current liabilities	1.9B	929.1M	2.3B	1.6B	1.7B	973.7M	2.4B	1.6B	2.5B	1.1B	2.7B	2.6B
Long-term debt	944.6M	1.1B	945M	1.4B	1.4B	1.3B	1.1B	1.8B	1.8B	1.7B	1.5B	1.5B
Total liabilities	3B	2.3B	3.5B	3.2B	3.3B	2.5B	3.7B	3.8B	4.7B	3.3B	4.6B	4.5B
Shareholders' equity	855.7M	898.2M	924.9M	1B	1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.3B	1.3B
Total debt	1.2B	1.3B	1.2B	1.4B	1.4B	1.5B	1.7B	1.9B	1.8B	2B	1.8B	1.8B
Net debt	623.9M	682.2M	653.2M	875.6M	879.2M	765M	722.3M	1.1B	1.1B	1.1B	995.9M	1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	64.1M	-88.6M	108.1M	66.8M	50.9M	153.5M	58.9M	38.8M	123.2M	146.5M
Depreciation & amortization	62.5M	65.4M	71.5M	81.9M	85.4M	81.9M	75.1M	80.4M	81.4M	103.3M
Stock-based compensation	155.1M	233.2M	200.1M	170.6M	183.5M	256.2M	251.1M	355.4M	369.1M	329.6M
Change in working capital	-2.5M	251.4M	-691.5M	222.3M	183.6M	-470.1M	102.2M	126.1M	-229.3M	-366.5M
Operating cash flow	275.4M	520.4M	-308.5M	582M	566.2M	229.9M	523.2M	595.4M	346.2M	394.4M
Capital expenditure	-17.8M	-25M	-24.5M	-46.7M	-30.8M	-10.1M	-10.6M	-14.9M	-29.6M	-44.5M
Investing cash flow	404.6M	-186.5M	58.1M	6.5M	-25.1M	163.2M	-5.2M	-45.7M	-54.6M	-261.2M
Dividends paid	-170.8M	-326.4M	-395.4M	-306.1M	-123.5M	-67.3M	-43.7M	-36.4M	-34.2M	-39M
Share repurchases	-96M	-62.4M	-62.4M	-44.5M	-47.6M	-476M	-180.1M	-232.4M	-401.1M	-390.7M
Financing cash flow	-258.5M	-237.9M	50.9M	18.2M	-13.1M	-819.5M	-233.2M	-148.8M	-424M	21.2M
Net change in cash	421.6M	96M	-199.4M	606.8M	528M	-426.5M	284.8M	400.8M	-132.4M	154.4M
Free cash flow	-709.6M	1.2B	-889.9M	143.6M	217.4M	363.9M	165.6M	345.3M	243.3M	328.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	18.6M	21.3M	49M	37.2M	13.7M	23.3M	53.4M	56.2M	—	—	—	68.8M
Depreciation & amortization	21.9M	20.3M	20.6M	20.2M	19.9M	20.7M	21.9M	25.9M	27.4M	28.1M	25.8M	25.6M
Stock-based compensation	69.3M	78.1M	96.1M	66.2M	85.7M	121.2M	75.3M	83.9M	74.4M	95.9M	83.4M	75.6M
Change in working capital	261.7M	868.9M	-1.3B	265.4M	-135M	888.3M	-1B	238M	-945.3M	1.4B	-1.5B	125.5M
Operating cash flow	365.4M	967.6M	-1.1B	398.1M	6M	1B	-868.8M	426M	141.9M	180.4M	20.2M	161.6M
Capital expenditure	-2M	-5.8M	-3.2M	-10.5M	-9.6M	-6.3M	-5.3M	-6.3M	-13.7M	-12.5M	-9.9M	-8.1M
Investing cash flow	4.3M	-19.2M	-7.2M	-188.9M	20.3M	121.1M	-6.4M	-268.9M	-21.7M	42.6M	-13.4M	-6.3M
Dividends paid	-9.9M	-5.1M	-4.8M	-9.8M	-9.8M	-9.7M	-9.9M	-9.7M	-9.8M	-9.7M	-9.7M	-9.7M
Share repurchases	-41.1M	-43.4M	-117M	-100.5M	-92M	-91.6M	-73.6M	-210.5M	-65.2M	-91.8M	-2.3M	-193.1M
Financing cash flow	-262.4M	-49.4M	-94.6M	-21.4M	-102.2M	-205.7M	266.1M	57.2M	-160M	-142M	-92.3M	-167.4M
Net change in cash	107.3M	899M	-1.2B	187.8M	-75.9M	925.8M	-609.1M	214.4M	-39.9M	81M	-85.5M	-12M
Free cash flow	301.4M	156.7M	12.9M	-71.9M	67.8M	234.6M	-14.7M	56.8M	123.5M	162.7M	5.4M	148.6M

BGC Group, Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history