BGC Group reports strong Q1 financial growth with record revenues, rising earnings, and solid performance across core business segments.
BGC Group reports strong Q1 financial growth with record revenues, rising earnings, and solid performance across core business segments.
BGC Group announced its Q1 2025 financial results, highlighting record-setting revenue performance and reflecting strong overall growth. The Group posted first-quarter revenues of $664.2 million, reflecting a strong 14.8% increase compared to the same period last year. Driving this growth, total brokerage revenues jumped by 15.7%, showcasing the company’s ongoing momentum across its core segments.
Notably, Foreign Exchange revenues surged by 31% to a record $110.0 million. This sharp rise stemmed from widespread growth across all FX products, underscoring BGC’s robust presence in global currency markets. In contrast, Equities revenues remained steady at $62.9 million. While European and U.S. equity volumes rose, they were counterbalanced by a drop in Asian equity derivative volumes, resulting in flat year-over-year performance in this segment.
Meanwhile, Data, Network, and Post-trade revenues climbed 5.2% to reach $32.5 million. The company credited this growth to its Fenics Market Data and Lucera platforms. However, the increase was partially muted by the sale of the Capitalab business in Q4 2024. Excluding the impact of that sale, revenues in this category would have risen by approximately 10%, showing strong underlying expansion.
Additionally, interest and dividend income, fees from related parties, and other revenues rose 6.4% to $21.0 million, largely due to higher interest income compared to last year. Adjusted pre-tax earnings totaled $160.2 million, up 18.4% annually. Post-tax adjusted earnings reached $143.0 million, marking a 16.1% improvement and pushing adjusted earnings per share to $0.29, which is also a 16% rise. However, Adjusted EBITDA came in at $199.8 million, 4.1% lower than the prior year.
This decline was attributed to a $36.6 million mark-to-market gain in the previous year. Excluding that non-recurring gain, EBITDA would have increased by 16.3%, reinforcing the strength of the current quarter. On May 6, 2025, BGC’s Board declared a quarterly cash dividend of $0.02 per share, payable on June 10, 2025, to shareholders of record as of May 27, 2025.
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