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BGBGC

What BGC Group promised, and what happened

Guidance Tracker · every commitment management made on a call, tracked from the quarter it was made

Guidance

What management said, and what became of it

14 of 17 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.

TargetOriginal wordingSaidLatest callVerdict
Pre-tax adjusted earnings$178 million to $196 millionMar 2026Jun 2026:Our pretax adjusted earnings grew by 11.1% to $192.9 million, representing a pretax incremental margin of 31.3%.
Call transcript, Jun 2026 · no direct link		Achieved
Adjusted earnings tax rate11% to 14%Mar 2026Jun 2026:We expect our adjusted earnings tax rate to be between 11% and 14% for the full year 2026.
Call transcript, Jun 2026 · no direct link		On Track

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

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Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

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