BGC
BGC Group, Inc.
Next earnings Jul 29, 2026 · consensus $0.34 EPS, $822M rev
Last earnings +3.7% on 2026-05-07
$11.45
▼ -5.45%$11.45▲ +22.44%
over 1Y
L $8.26EODHDH $12.65
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-5.5%
1W-5.2%
1M+8.6%
3M+22.0%
YTD+28.6%
1Y+22.4%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 6 analysts
Buy
Revenue surged 35% as the FMX exchange scales — a growing interdealer broker with real exchange optionality, if richly priced.
The read
Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
BGC Group is a leading global interdealer broker and financial-technology company, and FY2025 was a breakout year on the top line: revenue jumped 34.7% to $2.44B with net income up 22.0% to $155M (EPS $0.31, +24.0%) and a 15.9% return on equity. The growth is far above the company's own history (revenue was $1.41-1.81B in FY2022-2024), driven by both strong brokerage activity across rates, credit, FX, energy and commodities, and the build-out of FMX — its U.S. interest-rate futures exchange, cash Treasuries platform and spot FX platform created with leading global banks to challenge incumbent exchanges. That exchange ambition is the key reason to own BGC: if FMX gains share in rates futures, it transforms the margin and multiple profile.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.66B | $1.41B | $1.61B | $1.81B | $2.44B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $124M | $48.7M | $36.3M | $127M | $155M |
| Diluted EPS | $0.32 | $0.13 | $0.07 | $0.25 | $0.31 |
| Net margin | 7.5% | 3.5% | 2.3% | 7.0% | 6.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)1.68
Earnings yield—
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow$373M
Total debt$1.80B
Net cash-$944M
Piotroski F-Score4/6
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — restated periodic report (2026-04-28). Worth a closer look.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-252026-06-25open ↗8-KPeriod ending 2026-05-152026-05-15open ↗10-QPeriod ending 2026-03-312026-05-11open ↗8-KPeriod ending 2026-05-072026-05-07open ↗10-K/APeriod ending 2025-12-312026-04-28open ↗4Period ending 2026-04-012026-04-01open ↗4Period ending 2026-04-012026-04-01open ↗4Period ending 2026-04-012026-04-01open ↗4Period ending 2026-04-012026-04-01open ↗4Period ending 2026-04-012026-04-01open ↗8-KPeriod ending 2026-03-262026-03-26open ↗4Period ending 2025-04-012026-03-16open ↗
Frequently asked
- Is BGC Group, Inc. (BGC) a buy?
- BGC currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Revenue surged 35% as the FMX exchange scales — a growing interdealer broker with real exchange optionality, if richly priced.
- What is BGC's fair value?
- A Modified-Graham model based on BGC's SEC fundamentals estimates a fair value of about $11.78. It is an estimate from reported earnings, not a price target.
- Is BGC overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BGC currently appears fairly valued relative to its SEC-grounded earnings power.
- What is BGC Group, Inc.'s quality score?
- BGC scores 71.11764705882352/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001094831, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/21/2026, 8:57:56 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.