BGC Group Inc. reported record financial results for the fourth quarter (Q4) and full year (FY) 2025. For Q4 2025, revenues reached USD 756.4 million, representing a 32.2 percent increase. Adjusted earnings before noncontrolling interest in subsidiaries and taxes for the quarter were USD 161.3 million, up 24.5 percent. Post-tax adjusted earnings totaled USD 149.6 million, an increase of 21.1 percent. Adjusted EBITDA for Q4 2025 was USD 190.6 million. For FY 2025, BGC Group Inc. achieved record full-year revenues of USD 2.94 billion, an increase of 30 percent. Full-year adjusted earnings before noncontrolling interest in subsidiaries and taxes were USD 650.3 million, up 25.7 percent. Post-tax adjusted earnings for the year amounted to USD 587.5 million, a 20.4 percent increase. Adjusted EBITDA for FY 2025 was USD 771.4 million. GAAP net income attributable to fully diluted shares was USD 13.9 million for Q4 2025 and USD 148.7 million for FY 2025. GAAP fully diluted earnings per share were USD 0.03 for the quarter and USD 0.31 for the year, with the annual figure rising 24 percent. Post-tax adjusted earnings per share were USD 0.31 for Q4 2025 and USD 1.18 for FY 2025. Business highlights for the period include BGC Group Inc.'s record revenues and pre-tax adjusted earnings, as well as its continued position as a leading provider of electronic offerings in wholesale markets through its Fenics platform. The company emphasized its access to deep liquidity pools, enabling tighter pricing and faster execution via its global network of trading partners. BGC Group Inc.'s anonymous trading protocols continue to be critical for large and sensitive transactions. Looking ahead, BGC Group Inc. provided guidance for Q1 2026, with expected revenues in the range of USD 860 million to USD 920 million and pre-tax adjusted earnings between USD 202 million and USD 222 million. The company plans to update its quarterly outlook toward the end of March 2026.

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