BGC Group reported record third-quarter revenue of $832.6 million, up 13% from a year earlier, alongside sharp increases in GAAP earnings and growth in its adjusted measures. The financial-services company also highlighted technology initiatives and a leadership transition planned for year-end.
Key details
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Revenue reached a third-quarter record. Revenue rose to $832.6 million from $736.8 million in the same quarter of 2025. BGC cited double-digit growth in its electronic brokerage services, rates, foreign exchange and equities businesses.
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GAAP earnings increased substantially. Income from operations before income taxes was $98.1 million, compared with $33.5 million a year earlier. GAAP net income for fully diluted shares rose to $68.7 million from $26.8 million.
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Adjusted earnings also grew. Adjusted earnings before noncontrolling interests and taxes increased 20.9%, to $187.5 million. Post-tax adjusted earnings rose 17.5%, to $165.9 million. The company said GAAP and adjusted earnings reached all-time highs for both the third quarter and the first nine months of 2026.
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Adjusted EBITDA was $249.5 million, versus $167 million in the third quarter of 2025.
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FMX expanded its U.S. Treasury futures offering. BGC said FMX listed the full U.S. Treasury futures curve in August, and volumes reached new highs in September.
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The company pointed to technology and partnership developments, including what it described as its first fully AI-brokered institutional trade and a prediction-markets partnership with Fanatics.
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JP Aubin is set to leave the co-CEO role at year-end and become vice chairman. Co-CEO John Abularrage said Aubin would help drive BGC’s growth in the new position.
The results show growth in both reported and adjusted earnings, with particularly strong year-over-year gains in GAAP measures. The leadership change shifts Aubin from day-to-day co-leadership to a vice-chairman role; the announcement did not describe other changes to the company’s leadership structure.