BGC Group, Inc. reported total revenue of $557.8 million for the second quarter of 2025, up 10 percent from $507.4 million in the prior-year quarter. The increase was driven by higher trading activity, new client onboarding, and expansion across its electronic platforms.
According to the company’s July 31 earnings release, GAAP income from operations rose 33 percent year-over-year to $86.4 million. GAAP net income attributable to common stockholders was $61.2 million, or $0.11 per share, compared to $44.1 million, or $0.09 per share, in Q2 2024.
Pre-tax Adjusted Earnings increased 15 percent to $119.5 million, while post-tax Adjusted Earnings grew 11 percent to $98.6 million. Adjusted earnings per share rose 7 percent to $0.19, compared with $0.18 in the prior-year period.
BGC’s Fenics business, which includes Fenics Markets and Fenics Growth Platforms, reported a 23 percent increase in revenue to $130.7 million. This segment accounted for 23 percent of total revenues during the quarter. Fenics operating profit rose 25 percent to $33.1 million.
Total brokerage revenues increased 5 percent to $386.4 million, with notable growth in rates and foreign exchange. Rates revenue rose 15 percent to $132.4 million, while FX revenue increased 7 percent to $60.9 million. Credit revenue remained flat at $82.4 million, and equities fell 8 percent to $59.8 million.
Expenses declined slightly, with compensation and employee benefits as a percentage of revenues improving to 52.3 percent from 53.4 percent. Total employees stood at 5,606, up from 5,366 a year earlier.
The company repurchased 2.4 million shares during the quarter for $14.4 million and declared a quarterly dividend of $0.01 per share, payable on August 28 to shareholders of record as of August 14.
BGC reaffirmed its full-year outlook and said it expects continued strength in Fenics and Rates through the remainder of 2025. The company also noted ongoing cost discipline and operational leverage as key contributors to margin expansion.
