BGC Group closed 2025 with strong revenues, as heightened activity across asset classes and the integration of OTC Global Holdings lifted both quarterly and annual results.

The group reported fourth-quarter revenues of $756.4 million, up 32.2 percent from $572.3 million a year earlier. Full-year revenues rose 30 percent to $2.94 billion from $2.26 billion in 2024.

Record Q4 and Full-Year Performance

GAAP income from operations before income taxes fell 8 percent in the quarter to $25 million, reflecting $54.8 million of charges linked to a cost reduction program, with $28.1 million of that impact in cash.

• BGC Group Reaffirms Q4 Outlook Following 31% Jump in Third‑Quarter Revenue
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• BGC Group Acquires Macro Hive to Boost AI in Rates and FX Trading

GAAP net income for fully diluted shares declined to $13.9 million from $24.2 million, while GAAP fully diluted earnings per share came in at $0.03 versus $0.05 a year earlier.

Related: BGC Takes U.S. Dollar Swaps Fully Electronic with New Trading Platform

On a non-GAAP basis, pre-tax Adjusted Earnings increased 24.5 percent to $161.3 million, with a pre-tax margin of 21.3 percent. Post-tax Adjusted Earnings rose 21.1 percent to $149.6 million, or $0.31 per share, up 24 percent from $0.25 a year earlier.

Adjusted EBITDA was $190.6 million, down 0.8 percent due to restructuring-related charges. For the full year 2025, GAAP net income for fully diluted shares rose 22.6 percent to $148.7 million, while post-tax Adjusted Earnings reached $587.5 million, up 20.4 percent from 488 million dollars in 2024.

OTC Acquisition and Fenics Drive Growth

Total brokerage revenues increased 34.6 percent in Q4 to $694.6 million, supported by gains across major product lines. Energy, Commodities, and Shipping revenues grew 92 percent to $257.5 million, driven by the OTC acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term and organic growth; excluding OTC, ECS still rose 10 percent year-over-year.

Last month BGC Group announced that its subsidiary, BGC Brokers, had obtained authorization from the UK Financial Conduct Authority to operate as a registered benchmark administrator under the UK Benchmarks Regulation.

The approval enables BGC to administer swaps pricing benchmarks covering EUR and GBP interest rate swaps, cross-currency swaps, and both EU and UK inflation swaps, with reference pages for these products now accessible on Bloomberg and LSEG platforms.

Additionally, the group acquired Macro Hive, a global provider of macro market analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and strategy, in a move that strengthened its presence in the rates and FX markets. The deal also advanced BGC’s efforts to integrate AI technology into its brokerage platform, enhancing its data-driven trading and analysis capabilities.