BGC Group remains confident as 2025 draws to a close, holding to its previous earnings guidance despite a volatile market environment. In an update released on Monday, BGC Group, Inc. (NASDAQ: BGC) reaffirmed its outlook for the quarter ending December 31, 2025.
The firm expects revenue to come in between $720 million and $770 million, matching the range it initially projected earlier in the year.
Earnings Forecast Unchanged
The company also maintained its pre-tax adjusted earnings forecast, guiding for $152.5 million to $167.5 million for the final quarter of 2025. The reaffirmation suggests confidence in consistent trading activity and cost discipline across its operations. For comparison, BGC generated $572.3 million in revenue and $129.5 million in pre-tax adjusted earnings during the same period in 2024.
BGC Group delivered strong results for third quarter this year. For the three months ended September 30, 2025, BGC reported total revenues of $736.8 million, up 31.3 percent from the prior year’s $561 million.
- BGC Reports Record Quarter With 31% Jump in Revenue and Strong Earnings
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The company’s electronic trading business, Fenics, brought in $160 million, a 12.7 percent increase from last year. Regional revenue performance was robust, rising 37.4 percent in EMEA, 28.1 percent in the Americas, and 17.4 percent in APAC.
“We delivered another outstanding quarter, with record third quarter revenues of $737 million, up 31 percent from $561 million a year ago,” the company shared. “Revenues of $628 million, excluding OTC, was also a record, driven by growth across every asset class and geography. Our ability to deliver strong growth in a mixed macro environment demonstrates the strength and scale of our global platform.”
Double-Digit Earnings Growth
BGC achieved pre-tax Adjusted Earnings of $155.1 million, a 22.4 percent jump, while post-tax Adjusted Earnings climbed 11.5 percent to $141.1 million.
This translated to post-tax Adjusted Earnings per share of $0.29, reinforcing steady progress in profitability. Adjusted EBITDA came in at $167.6 million, an increase of 10.7 percent year over year.
Meanwhile, BGC launched an electronic platform for U.S. dollar swaps this year, aiming to boost speed and transparency for institutional investors. Dubbed Opti Match, the venue is offered via BGC Derivatives Markets, L.P. and is designed to streamline access to key interest rate products.
Institutional clients can use the platform directly as Swap Execution Facility participants or access it indirectly through BGC or GFI brokers. At launch, Opti Match will support several interest rate instruments, including SOFR‑linked trades and CME/LCH basis switches.
The group also acquired global macro analytics provider Macro Hive in a move that strengthens its rates and FX franchise by integrating AI technologies into its brokerage platform.