BGC BGC Group (BGC) Q1 FY26 earnings call
BGC Group delivered a record first quarter, driven by broad-based growth across asset classes and geographies, with revenues up 44% and pretax adjusted earnings up 44.9%. The company expanded its cost reduction program to $35 million in annualized savings, demonstrating a commitment to efficiency. While Q2 guidance reflects challenging comparisons and a normalization of geopolitical volatility, management remains confident in underlying business strength and continued market share gains, particularly in FMX.
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BGC operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Average daily volume FMX UST | $89.7BFMX UST generated record quarterly ADV of $89.7 billion, 51% higher compared to last year.Source: earnings call transcript | $79.4BFMX UST generated record second quarter ADV of $79.4 billion, 17% higher compared to last year.Source: earnings call transcript | -11.5% |
| Average daily volume FMX FX | $20.5BFMX FX average daily volumes increased by 42% to a record $20.5 billion, driven by strong growth across spot FX and NDF volumes, resulting in continued market share gains.Source: earnings call transcript | $18BFMX FX average daily volumes increased by 16% to $18 billion, driven by continued growth across spot FX and NDF volumes, resulting in continued market share gains.Source: earnings call transcript | -12.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.