Bgc Group, Inc. · NASDAQ:BGC
Bgc — Q2 2026 Earnings Presentation
37 slides from Bgc's earnings presentation, Jul 30, 2026
Slide 1: BGC Group, Inc. Q2 2026 Earnings Presentation
NASDAQ: BGC BGC Group, Inc. Q2 2026 Earnings Presentation
Slide 2: Disclaimer
BGC BGG CR O GURPO U P Disclaimer DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT BGC Statements in this document regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the f
Slide 3: Financial Highlights
BGC BGG CR O GURPO U P Financial Highlights Q2 2026 RESULTS $846mm $193mm Highlights of Consolidated Results Q2 2026 Q2 2025 % Change (USD millions) Revenues $845.5 $784.0 7.8% Record Q2 Total Revenues1 Record Q2 Pre-Tax Adjusted Earnings1,2 GAAP income from operations before 98.9 75.3 31.4% income
Slide 4: BGC Group Overview
BGC BGG CR O GURPO U P BGC Group Overview A LEADING MARKETPLACE FOR OTC PRODUCTS THAT DON’T TRADE ON AN EXCHANGE AND PROVIDES CRITICAL LIQUIDITY FOR LISTED PRODUCTS THAT TRADE ON EXCHANGE, AS WELL AS OPERATING A FULLY REGULATED U.S. INTEREST RATE FUTURES EXCHANGE. BUSINESS MODEL REVENUE DRIVERS High
Slide 5: Revenue by Asset Class
BGC BGG CR O GURPO U P Revenue by Asset Class REVENUE GROWTH ACROSS ALL ASSET CLASSES Q2 2026 9% Revenue By Asset Class Q2 2026 Q2 2025 % Change (USD millions) Data, Network & Post-trade and Other1 9% ECS $275.5 $261.6 5.3% Equities Rates 221.9 200.6 10.6% 33% Foreign Exchange 118.7 108.5 9.4% 9% EC
Slide 6: Revenue by Geography
BGC BGG CR O GURPO U P Revenue by Geography DIVERSIFIED GLOBAL PLATFORM Q2 2026 Revenue By Geography Q2 2026 Q2 2025 % Change (USD millions) EMEA $466.5 $419.5 11.2% Americas 295.7 278.7 6.1% 35% AMERICAS Asia Pacific 83.3 85.8 (2.9)% 55% EMEA Total Revenue $845.5 $784.0 7.8% Revenue By Currency % o
Slide 7: BGC’s Diverse Global Platform
BGC BGG CR O GURPO U P BGC’s Diverse Global Platform BUILT TO PERFORM IN ALL MARKET CONDITIONS GEOGRAPHICAL DIVERSIFICATION CLIENT DIVERSIFICATION BGC is significantly more global than its exchange / trading platform peers1 BGC client base has become increasingly more diverse % Non-Bank Clients3 68%
Slide 8: Record Productivity Driven by Technology & Automation
BGC BGG CR O GURPO U P Record Productivity Driven by Technology & Automation FRONT OFFICE HEADCOUNT AND PRODUCTIVITY $1.3mm Period–end Front Office Headcount LTM Front Office Productivity (in USD 000s)1 $1,274 $1,116 FRONT OFFICE PRODUCTIVITY $977 LTM Q2 2026 $908 $834 $766 Increased use of technolo
Slide 9: Adjusted Earnings & EPS Performance
BGC BGG CR O GURPO U P Adjusted Earnings & EPS Performance CONSISTENT EARNINGS GROWTH $193mm PRE-TAX ADJUSTED EARNINGS2 Pre-Tax Adjusted Earnings (USD millions) $193 Q2 Record Pre-Tax Adjusted Earnings1: +11% yr/yr $174 Q2 2026 $126 $106 $90 $171mm Q2 2022 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Q2 Record P
Slide 10: ECS - Energy, Commodities and Shipping
BGC BGG CR O GURPO U P ECS - Energy, Commodities and Shipping THE WORLD’S LARGEST ECS BROKER – CONTINUING TO CAPTURE MARKET SHARE $275mm ECS REVENUE TREND (USD millions) Record Q2 ECS Revenue $262 $275 Q2 2026 $118 +5% $99 $67 Q2 2022 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Revenue Growth yr/yr Q2’26 REVENU
Slide 11: BGC – The World’s Largest Listed Products Broker
BGC BGG CR O GURPO U P BGC – The World’s Largest Listed Products Broker DRIVING A MEANINGFUL SHARE OF BLOCK AND CROSS TRADE VOLUME ON MAJOR EXCHANGES RATES1 ECS (EXCL. OTC)1 BGC Listed Rates Revenue BGC (excl. OTC) Listed ECS Revenue CME Interest Rate Futures & Options ADV CME ECS Futures & Options
Slide 12: Partnering on Prediction Markets
BGC BGG CR O GURPO U P Partnering on Prediction Markets A PARTNERSHIP CONNECTING THE RETAIL AND INSTITUTIONAL ECOSYSTEM VIA PREDICTION MARKETS Building a prediction markets ecosystem that serves retail & institutional clients in a fast-growing new asset class • Global sports platform with a database
Slide 13: Fenics
BGC GROUP Fenics BGC’S TECHNOLOGY-DRIVEN BUSINESSES $186mm FENICS REVENUE TREND (USD millions) $186 Record Q2 Fenics Revenues $163 $137 Q2 2026 $125 $110 +18% Q2 2022 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Revenue Growth excl. kACE1 yr/yr FENICS REVENUE BY ASSET CLASS FENICS REVENUE BY BUSINESS Q2 2026 (US
Slide 14: FMX – Strength Across Rates, FX, and Futures
BGC GROUP FMX – Strength Across Rates, FX, and Futures FMX TECHNOLOGY · FAST, RELIABLE, AND GLOBALLY CONNECTED Time FMX’s SOFR prices are equal to or better than CME’s1 77% 54k $79bn 64% $18bn $68bn 39k $16bn $47bn 49% $8bn 21k 40% 12k Q2 2024 Q2 2025 Q2 2026 Q2 2024 Q2 2025 Q2 2026 Q3 2025 Q4 2025
Slide 15: FMX Futures Exchange
BGC GROUP FMX Futures Exchange FMX FUTURES VOLUME AND MARKET SHARE · SOFR AND U.S. TREASURY FUTURES SOFR FUTURES U.S. TREASURY FUTURES 80k 2.0% 80k 2.0% Daily volume across SOFR and U.S. Treasury Rolling-Monthly ADV futures surpassed 100k contracts U.S. TREASURY FUTURES MARKET SHARE3 (6/5/26) Market
Slide 16: FMX UST
BGC GROUP FMX UST BUSINESS HIGHLIGHTS · VOLUME & MARKET SHARE U.S. TREASURY MARKET VOLUME CHANGE2 $79bn +17% 42% 17% Record Q2 Volume ADV Growth yr/yr Market Share1 Q2 2026 ADV Q2 2026 Q2 2026 5% FMX UST VOLUME & MARKET SHARE· +690bps yr/yr 42% Average Daily Volume (“ADV”) 39% CLOB Market Share1 35%
Slide 17: Data, Network & Post-Trade
BGC GROUP Data, Network & Post-Trade BUSINESS HIGHLIGHTS $37mm DATA, NETWORK & POST-TRADE REVENUE TREND (USD millions) $37 Total Revenue $35 Q2 2026 $31 $27 $23 +19% Q2 2022 Q2 2023 Q2 2024 Q2 2025 Q2 2026 Revenue Growth excl. kACE1 yr/yr KEY BUSINESSES Q2 2026 Fenics Market Data Provider and genera
Slide 18: Outlook
BGC BGG CR O GURPO U P Outlook THIRD QUARTER 2026 GUIDANCE Guidance Actual Yr/Yr % Change Q3 2026 Outlook Metric (USD million) Q3 2026 Q3 2025 Low Mid High Revenues $775 - $835 $736.8 5% 9% 13% Pre-tax Adjusted Earnings $172 - $190 $155.1 11% 17% 23% Guidance Actual Yr/Yr % Change YTD Q3 2026 Outloo
Slide 19: GAAP Financial Results
GAAP FINANCIAL RESULTS Q2 2026
Slide 20: Balance Sheet
BGC BGG CR O GURPO U P Balance Sheet BGC Group, Inc. Condensed Consolidated Statements of Financial Condition (In thousands, except per share data) (Unaudited) (Under GAAP) June 30, December 31, June 30, December 31, 2026 2025 2026 2025 Assets Liabilities and Equity Ca s h a nd ca s h equi va l ents
Slide 21: Income Statement
BGC BGG CR O GURPO U P Income Statement BGC Group, Inc. Condensed Consolidated Statements of Operations (In thousands, except per share data) (Unaudited) (Under GAAP) Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, Revenues: 2026 2025 2026
Slide 22: Appendix
APPENDIX Q2 2026 7 bgc
Slide 23: BGC Product Offering
BGC BGG CR O GURPO U P BGC Product Offering ECS Rates Foreign Exchange Products Revenue Products Revenue Products Revenue Q2 2026 Q2 2026 Q2 2026 Environmental & Energy Government Bonds Spot FX Transition Products 33% OTC & Listed Interest FX Forwards Oil & Refined Products Rate Derivati
Slide 24: Fenics Ecosystem
BGC GROUP Fenics Ecosystem FENICS REVENUE: $717MM (LTM Q2 2026) · +16% YR/YR DATA, NETWORK & RATES CREDIT FOREIGN EXCHANGE POST-TRADE KEY PRODUCTS: KEY PRODUCTS: KEY PRODUCTS: • Interest Rate Derivatives • Investment Grade Bonds (IG) • FX Spot • EGBs • High Yield Bonds (HY) • FX Options FENICS MARKE
Slide 25: Fenics Platforms
BGC GROUP Fenics Platforms FENICS TRADING PLATFORMS DATA, NETWORK & POST-TRADE Fenics MIDFX Asset Class: Foreign Exchange Asset Class: Data, Network and Post-trade – Market Data Products: Spot FX and NDFs Distributor of market data across global financial and commodity Wholesale FX trading platfor
Slide 26: Fully Diluted Weighted-Average Share Count Summary
BGC BGG CR O GURPO U P Fully Diluted Weighted-Average Share Count Summary Fully Diluted Q2 2026 Fully Diluted Weighted-Average Share Count Weighted-Average Ownership (%) For Adjusted Earnings Summary1 Shares (millions) PUBLIC 361.3 73% Class A owned by Public 361.2 73% Class B owned by Public2 0.1 N
Slide 27: Strongly Capitalized & Investment Grade Credit Profile
BGC BGG CR O GURPO U P Strongly Capitalized & Investment Grade Credit Profile BGC Group, Inc. (in $’000s) As of 6/30/2026 Cash and cash equivalents $766,854 INVESTMENT GRADE RATING Financial instruments owned, at fair value 94,550 Investment Grade Credit Rated: Total Liquidity $861,404 • Fitch: BB
Slide 28: BGC Revenue Correlation & Industry Volumes
BGC BGG CR O GURPO U P BGC Revenue Correlation & Industry Volumes BGC’S ASSET CLASS REVENUES ARE GENERALLY CORRELATED TO RELEVANT INDUSTRY SECONDARY MARKET TRADING VOLUMES Q2 2026 vs Q2 2025 Brokerage revenues are driven by secondary Asset Class Revenue to Industry Volume Correlation Correlation1 In
Slide 29: Shareholder Value Creation
BGC BGG CR O GURPO U P Shareholder Value Creation BGC HAS A STRONG HISTORY OF CREATING VALUE FOR SHAREHOLDERS THROUGH ORGANIC GROWTH, ACQUISITIONS & INVESTMENTS IN TECHNOLOGY 2025 – Completed 1999 – eSpeed, leading electronic UST OTC Acquisition platform, IPOs becoming the world’s 2023 – Completed l
Slide 30: Non-GAAP Definitions and Reconciliation Tables
NON-GAAP DEFINITIONS AND RECONCILIATION TABLES Q2 2026
Slide 31: Reconciliation of GAAP to Adjusted Earnings
BGC BGG CR O GURPO U P Reconciliation of GAAP to Adjusted Earnings Reconciliation of GAAP income (loss) from operations before income taxes to Adjusted Earnings & GAAP fully diluted EPS to Post-tax adjusted EPS (In thousands, except per share data) (Unaudited) Q2 2026 Q2 2025 FOOTNOTES (1) The compo
Slide 32: Other Select Financial Data
BGC BGG CR O GURPO U P Other Select Financial Data Reconciliation of GAAP net income (loss) available to Fully diluted weighted-average share count common stockholders to Adjusted EBITDA (In thousands) (Unaudited) (In thousands) (Unaudited) Q2 2026 Q2 2025 Q2 2026 Q2 2025 GAAP net income (loss) avai
Slide 33: Differences between Non-GAAP and GAAP Consolidated Results
BGC BGG CR O GURPO U P Differences between Non-GAAP and GAAP Consolidated Results NON-GAAP FINANCIAL MEASURES This document contains non-GAAP financial measures that differ from the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles
Slide 34: Differences between Non-GAAP and GAAP Consolidated Results (continued)
BGC BGG CR O GURPO U P Differences between Non-GAAP and GAAP Consolidated Results (continued) CALCULATION OF NON-COMPENSATION ADJUSTMENTS FOR ADJUSTED EARNINGS Adjusted Earnings calculations may also exclude items such as: • Non-cash GAAP charges related to the amortization of intangibles with respe
Slide 35: Differences between Non-GAAP and GAAP Consolidated Results (continued)
BGC BGG CR O GURPO U P Differences between Non-GAAP and GAAP Consolidated Results (continued) CALCULATIONS OF PRE- AND POST-TAX ADJUSTED EARNINGS PER SHARE BGC’s pre- and post-tax Adjusted Earnings per share is calculated as pre- and post-tax Adjusted Earnings divided by the fully diluted weighted-a
Slide 36: Differences between Non-GAAP and GAAP Consolidated Results (continued)
BGC BGG CR O GURPO U P Differences between Non-GAAP and GAAP Consolidated Results (continued) TIMING OF OUTLOOK FOR CERTAIN GAAP AND NON-GAAP ITEMS BGC anticipates providing forward-looking guidance for GAAP revenues and for certain non-GAAP measures from time to time. However, the Company does not
Slide 37: Investor Contact
BGC BGG CR O GURPO U P 37 Investor Contact: Jason Chryssicas +1 212-610-2426 Media Contact: Danielle Popper +1 212-610-2419 ir.bgcg.com twitter.com/bgcgroupinc linkedin.com/company/bgc_group