BGC (BGC) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 10:15 AM CDT 19 min read

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DATE

Thursday, May 7, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — John Joseph Abularrage

• Co-Chief Executive Officer — Sean A. Windeatt

• Co-Chief Executive Officer — Jean-Pierre Aubin

• Chief Financial Officer — Jason Williams Hauf

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Full Conference Call Transcript

Jason Chryssicas: Hello, everyone. This morning, we issued BGC Group, Inc’s archetypal 4th 2026 fiscal results, which tin beryllium recovered astatine ir.bgcg.com. Any humanities results provided connected today’s telephone comparison lone to 2026 with the anterior twelvemonth play unless different specified. All references connected today’s telephone to historical grounds and strongest results are to BGC Group, Inc stand-alone fiscal results, excluding Newmark anterior to the spin-off successful November 2018. We volition beryllium referring to our results connected a non-GAAP basis, which see the presumption adjusted net and adjusted EBITDA.

Refer to today’s capitalist materials connected our website for further details connected our fiscal results and for implicit and updated definitions of immoderate non-GAAP terms, reconciliations of these items to the corresponding GAAP results and how, when, and wherefore absorption uses them, arsenic good arsenic applicable manufacture and economical statistics. The outlook discussed contiguous assumes nary worldly acquisitions oregon dispositions. Our expectations are taxable to alteration based connected assorted macroeconomic, social, political, and different factors. Information connected this telephone contains forward-looking statements, including, without limitation, statements astir our economical outlook and business. Statements are taxable to risks and uncertainties, which could origin our existent results to disagree from expectations.

Except arsenic required by law, we undertake nary work to update immoderate forward-looking statements. For accusation connected factors that could origin existent results to disagree from the forward-looking statements, and a implicit treatment of the risks and different factors that whitethorn interaction these forward-looking statements, spot our SEC filings, including, but not constricted to, the hazard factors and disclosures wrong these SEC documents. With that, I americium present blessed to crook the telephone implicit to John Joseph Abularrage, Chief Executive Officer of BGC Group, Inc.

John Joseph Abularrage: Thank you, Jason. Good morning, and invited to our archetypal 4th 2026 league call. With maine contiguous are my chap Co-Chief Executive Officers, Sean A. Windeatt and Jean-Pierre Aubin, on with our Chief Financial Officer, Jason Williams Hauf. BGC Group, Inc delivered different grounds quarter. Revenues accrued 44% to $955 million, with maturation crossed each plus people and geography. Excluding OTC, revenues grew 23% to $817 million, which was besides a record. Pretax net deed an all-time high, up much than 44%. Our ECS revenues much than doubled to $330 million, reinforcing our presumption arsenic the world’s largest vigor broker. FMX posted its champion ever quarter, mounting ADV records for U.S. Treasuries, FX, and futures.