The strong Q1 beat and continued FMX market share expansion support a bullish outlook. Traders should monitor Q2 guidance realization, particularly given the elevated volatility backdrop from geopolitical events. The stock may see positive momentum on the record results and upward guidance trajectory.
Price Chart
Executive Summary
BGC Group reported record Q1 2026 results with total revenues of $955.5M (+43.8% YoY) and post-tax adjusted EPS of $0.41 (+41.4% YoY), both above consensus estimates. The company guided Q2 2026 revenues of $785-$845M and pre-tax adjusted earnings of $178-$196M, roughly in line with the prior year quarter, signaling sustained momentum across all asset classes and continued FMX market share gains.
Key Financial Metrics
Key Facts
- Record quarterly revenues of $955.5M, up 43.8% YoY
- Post-tax adjusted EPS of $0.41, up 41.4% YoY, in line with consensus of $0.41
- GAAP fully diluted EPS of $0.17, up 54.5% YoY
- ECS revenues more than doubled to $330M (+120.1%) driven by OTC acquisition and organic growth
- FMX UST market share reached 41% vs 33% a year ago, with record ADV of $89.7B
- Q2 2026 guidance: revenues $785-$845M, pre-tax adjusted earnings $178-$196M
- Dividend maintained at $0.02 per share
Financial Impact
Revenue beat consensus by ~3.5% ($955.5M vs $923.4M); adjusted EPS in line with consensus
Risk Factors
- Q2 guidance implies sequential revenue decline from $955.5M to $785-$845M, which may temper enthusiasm
- Iran conflict-related volatility may normalize, reducing brokerage volumes
- Execution risk on cost reduction program ($35M target) and margin expansion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031724 |
| Document: bgcp-20260507.htm | 0001628280-26-031724 |
| Document: 0001628280-26-031724-index-headers.html | 0001628280-26-031724 |
| Document: 0001628280-26-031724-index.html | 0001628280-26-031724 |
| Document: 0001628280-26-031724.txt | 0001628280-26-031724 |
| 8-K Data (Synthetic) | 0001628280-26-031724 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 8, 2026 7w ago | Institutional Cluster | $10.29 $12.05 | ▲ +17.06% | ▲ +17.97% | $11.85 (+15.21%) |
Jul 30, 2026 9w ago | 8-K | $11.68 $12.10 | ▲ +3.60% | ▼ −0.37% | $11.85 (+1.50%) |
May 15, 2026 19w ago | 8-K | $11.37 $11.84 | ▲ +4.14% | ▲ +2.56% | $11.85 (+4.28%) |
May 7, 2026 21w ago | 8-K | $11.29 $10.15 | ▼ −10.10% | ▼ −13.23% | $11.85 (+5.00%) |
US Market Status
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