AI Earnings Predictions for BGC Group Inc. (BGC)

EX-99.1

2 bgc-20260930xexx991.htm

EX-99.1

Document

BGC GROUP, INC.

Third Quarter 2026 Results

EXHIBIT 99.1

BGC Group Reports Third Quarter 2026 Financial Results

NEW YORK – November 5, 2026 – BGC Group, Inc. (Nasdaq: BGC) today reported its financial results for the quarter ended September 30, 2026.1

“We delivered record third quarter revenues of $833 million, up 13 percent, led by double-digit growth in ECS, Rates, Foreign Exchange and Equities.1 This strong growth drove both GAAP and Adjusted Earnings to all-time highs for the third quarter and the first nine months of the year.

In addition to our record financial performance, we continue to develop technology that we believe will shape the future of our markets, from our first fully AI-brokered institutional trade to our prediction markets partnership with Fanatics. In August, FMX listed the full U.S. Treasury futures curve, which drove volumes to new all-time highs in September.

“As we announced earlier this week, JP Aubin will become Vice Chairman and will step down as Co-Chief Executive Officer at year-end. Sean and I look forward to JP helping us drive the growth of BGC in his new role."

— John Abularrage, Co-Chief Executive Officer

SELECT FINANCIAL RESULTS2

Highlights of Consolidated Results (USD millions)

3Q26

3Q25

% Change

Revenues

$832.6

$736.8

13.0%

GAAP income from operations before income taxes

98.1

33.5

192.7%

GAAP net income for fully diluted shares

68.7

26.8

156.7%

Adjusted Earnings before noncontrolling interest in subsidiaries and taxes

187.5

155.1

20.9%

Post-tax Adjusted Earnings

165.9

141.1

17.5%

Adjusted EBITDA

249.5

167.6

48.9%

Per Share Results

3Q26

3Q25

% Change

GAAP fully diluted earnings per share

$0.14

$0.06

133.3%

Post-tax Adjusted Earnings per share

$0.34

$0.29

17.2%

1 All references herein to “record” and “all-time high” results are to BGC standalone financial results, excluding Newmark prior to the spin-off in November 2018.

2 U.S. Generally Accepted Accounting Principles is referred to as “GAAP.” “GAAP income before income taxes and noncontrolling interest” and “Adjusted Earnings before noncontrolling interest in subsidiaries and taxes” may be used interchangeably with “GAAP pre-tax income” and “pre-tax Adjusted Earnings,” respectively. See the sections of this document including “Timing of Outlook for Certain GAAP and Non-GAAP Items,” “Non-GAAP Financial Measures,” “Adjusted Earnings Defined,” “Reconciliation of GAAP Income (Loss) from Operations before Income Taxes to Adjusted Earnings and GAAP Fully Diluted EPS to Post-Tax Adjusted EPS,” “Fully Diluted Weighted-Average Share Count under GAAP and for Adjusted Earnings,” “Adjusted EBITDA Defined,” “Reconciliation of GAAP Net Income (Loss) Available to Common Stockholders to Adjusted EBITDA,” “Liquidity Analysis,” and “Constant Currency Defined,” including any footnotes to these sections, for the complete and updated definitions of these non-GAAP terms and how, when and why management uses them, as well as for the differences between results under GAAP and non-GAAP for the periods discussed herein.

Page 1

BGC GROUP, INC.

Third Quarter 2026 Results

REVENUES

Consolidated Revenues (USD millions)

3Q26

3Q25

% Change

ECS (“Energy, Commodities, and Shipping”)

$287.1

$241.6

18.8%

Rates

219.6

195.3

12.4%

Foreign Exchange

121.5

106.7

13.9%

Credit

67.4

69.1

(2.5)%

Equities

77.3

60.4

28.0%

Total Brokerage Revenues

$772.8

$673.1

14.8%

Data, Network, and Post-trade

36.1

34.3

5.1%

Data, Network, and Post-trade (excluding kACE)

36.1

29.8

21.2%

Interest and dividend income, Fees from related parties & Other revenues

23.6

29.4

(19.7)%

Total Revenues

$832.6

$736.8

13.0%

BGC generated record third quarter revenues of $832.6 million, up 13.0 percent, reflecting growth across all geographies. EMEA, Americas and APAC grew revenues by 15.7 percent, 12.3 percent and 3.4 percent, respectively.

Total brokerage revenues grew by 14.8 percent in the third quarter of 2026:

–ECS revenues grew by 18.8 percent to $287.1 million, driven by strong growth across shipping, environmental, and crude oil businesses, partially offset by lower refined product volumes.

–Rates revenues increased by 12.4 percent to $219.6 million, reflecting higher volumes across G10 government bonds, inflation products, and emerging market rates.

–Foreign Exchange revenues were up 13.9 percent to $121.5 million, primarily due to strong volume growth in emerging markets, G10 forwards, and Macro Hive.

–Credit revenues decreased by 2.5 percent to $67.4 million, due to lower emerging market and European credit volumes, partially offset by strong CDS activity.

–Equities revenues grew by 28.0 percent to $77.3 million, reflecting strong growth across U.S. and European equities, and private markets. In September, BGC completed its first-ever AI-brokered institutional trade in listed equity derivatives, using autonomous AI-powered systems

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