NASDAQ : BGC
BGC Group, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 11.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.34B
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Financial statements
BGC Group, Inc. (BGC) reported revenue of 3.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 64.22M | 53.83M | 56.22M | 45.42M | 21.01M | 21.98M |
| Total Interest Expense | 132.11M | 125.32M | 91.08M | 77.23M | 57.93M | 69.33M |
| Net Interest Income | -67.89M | -71.49M | -34.85M | -31.81M | -36.92M | -47.35M |
| Brokerage Commission | 2.57B | 2.26B | 1.65B | 1.46B | 1.28B | 1.54B |
| Trading & Principal Transactions | 469.50M | 440.83M | 389.43M | 368.10M | 365.51M | 327.76M |
| Other Revenue | 195.07M | 189.25M | 168.35M | 147.35M | 127.49M | 123.73M |
| Revenue | 3.16B | 2.82B | 2.17B | 1.95B | 1.74B | 1.95B |
| Salaries & Employee Benefits | 2.21B | 1.99B | 1.49B | 1.35B | 1.10B | 1.36B |
| Cost of Services Provided | 644.22M | 598.28M | 527.86M | 490.20M | 461.38M | 489.39M |
| Other Operating Expenses | 142.32M | 97.18M | 61.59M | 75.88M | 87.33M | 81.39M |
| Total Operating Expenses | 3.00B | 2.68B | 2.08B | 1.91B | 1.65B | 1.93B |
| Operating Income | 161.06M | 135.08M | 89.40M | 34.12M | 84.43M | 16.35M |
| Currency Exchange Gains | -3.60M | -3.20M | -4.10M | 1.60M | -100.00K | 500.00K |
| Other Non-Operating Income (Expenses) | 9.91M | 11.55M | 7.96M | 13.02M | 11.62M | 24.01M |
| EBT Excluding Unusual Items | 181.28M | 151.76M | 101.69M | 57.89M | 106.86M | 47.56M |
| Merger & Restructuring Charges | -400.00K | -400.00K | ||||
| Asset Writedown | -2.41M | -2.79M | -746.00K | -3.14M | -6.14M | -11.10M |
| Gain (Loss) on Sale of Investments | 10.44M | 7.84M | 38.58M | 4.41M | -1.21M | -17.00K |
| Other Unusual Items | -2.74M | -9.38M | -5.15M | -1.44M | -1.03M | -172.88M |
| Pretax Income | 272.88M | 213.75M | 173.14M | 57.71M | 97.45M | 176.50M |
| Income Tax Expense | 83.69M | 67.21M | 49.91M | 18.93M | 38.58M | 23.01M |
| Earnings From Continuing Ops. | 189.20M | 146.54M | 123.23M | 38.77M | 58.87M | 153.49M |
| Net Income to Company | 189.20M | 146.54M | 123.23M | 38.77M | 58.87M | 153.49M |
| Minority Interest in Earnings | 9.69M | 8.42M | 3.76M | -2.51M | -10.15M | -29.48M |
| Net Income | 198.89M | 154.96M | 126.99M | 36.27M | 48.71M | 124.01M |
| Preferred Dividends & Other Adjustments | 8.01M | 6.33M | 5.77M | 2.19M | ||
| Net Income to Common | 190.87M | 148.63M | 121.22M | 34.07M | 48.71M | 124.01M |
| Shares Outstanding (Basic) | 473.98M | 476.36M | 473.39M | 426.44M | 371.56M | 379.21M |
| Shares Outstanding (Diluted) | 477.95M | 480.95M | 479.14M | 489.99M | 499.41M | 540.02M |
| EPS (Basic) | 0.40 | 0.31 | 0.26 | 0.08 | 0.13 | 0.33 |
| EPS (Diluted) | 0.40 | 0.31 | 0.25 | 0.07 | 0.13 | 0.32 |
| Free Cash Flow | 484.40M | 372.87M | 285.73M | 390.28M | 213.77M | 407.07M |
| Free Cash Flow Per Share | 1.01 | 0.78 | 0.60 | 0.80 | 0.43 | 0.75 |
| Dividend Per Share | 0.08 | 0.08 | 0.08 | 0.04 | 0.04 | 0.04 |
| Operating Margin | 5.09% | 4.80% | 4.12% | 1.75% | 4.86% | 0.84% |
| Profit Margin | 6.04% | 5.28% | 5.58% | 1.75% | 2.80% | 6.37% |
| Free Cash Flow Margin | 15.32% | 13.24% | 13.16% | 20.03% | 12.30% | 20.92% |
| Effective Tax Rate | 30.67% | 31.44% | 28.83% | 32.81% | 39.59% | 13.04% |
| Revenue as Reported | 3.29B | 2.94B | 2.26B | 2.03B | 1.80B | 2.02B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 766.85M | 851.50M | 711.58M | 655.64M | 484.99M | 553.60M |
| Short-Term Investments | 114.26M | 149.78M | 207.89M | 63.05M | 56.34M | 54.45M |
| Accounts Receivable | 2.32B | 955.05M | 697.03M | 658.55M | 849.60M | 1.08B |
| Other Receivables | 498.54M | 478.26M | 396.28M | 388.77M | 362.53M | 324.96M |
| Property, Plant & Equipment | 360.98M | 341.96M | 304.47M | 302.46M | 313.26M | 326.36M |
| Goodwill | 646.85M | 648.62M | 540.29M | 506.34M | 486.58M | 486.92M |
| Other Intangible Assets | 410.80M | 427.95M | 240.91M | 211.28M | 192.78M | 207.75M |
| Investments in Debt & Equity Securities | 172.66M | 165.56M | 136.03M | 85.75M | 83.83M | 82.28M |
| Other Current Assets | 55.10M | 32.48M | 30.40M | 34.66M | 32.56M | |
| Long-Term Deferred Tax Assets | 283.27M | 273.30M | 215.54M | 152.39M | 135.37M | |
| Other Long-Term Assets | 464.03M | 54.92M | 51.71M | 58.15M | 58.00M | 54.80M |
| Total Assets | 5.75B | 4.41B | 3.59B | 3.18B | 3.07B | 3.34B |
| Accounts Payable | 2.09B | 306.36M | 225.38M | 202.27M | 404.68M | 656.28M |
| Accrued Expenses | 338.56M | 564.25M | 404.68M | 388.75M | 376.75M | 418.32M |
| Short-Term Debt | 20.00M | 1.92M | 3.58M | |||
| Current Portion of Long-Term Debt | 299.29M | 299.20M | 449.24M | |||
| Current Portion of Leases | 18.32M | 36.07M | ||||
| Long-Term Debt | 1.77B | 1.78B | 1.04B | 884.31M | 599.97M | 1.05B |
| Long-Term Leases | 207.14M | 160.96M | 139.07M | 154.36M | 162.14M | 169.21M |
| Long-Term Deferred Tax Liabilities | 36.43M | 12.70M | 25.17M | 21.26M | 18.14M | |
| Other Long-Term Liabilities | 46.28M | 45.93M | 42.20M | 30.20M | 19.71M | 63.80M |
| Total Liabilities | 4.48B | 3.27B | 2.51B | 2.28B | 2.33B | 2.66B |
| Common Stock | 5.65M | 5.54M | 5.34M | 5.13M | 5.18M | 4.82M |
| Additional Paid-In Capital | 2.64B | 2.53B | 2.31B | 2.11B | 2.56B | 2.45B |
| Retained Earnings | -773.13M | -910.39M | -1.03B | -1.12B | -1.14B | -1.17B |
| Comprehensive Income & Other | -39.41M | -40.64M | -59.85M | -38.58M | -45.43M | -40.55M |
| Total Common Equity | 1.11B | 972.48M | 898.51M | 885.08M | 669.64M | 619.75M |
| Minority Interest | 168.36M | 172.86M | 180.73M | 13.07M | 79.08M | 62.32M |
| Shareholders' Equity | 1.27B | 1.15B | 1.08B | 898.16M | 748.73M | 682.08M |
| Total Liabilities & Equity | 5.75B | 4.41B | 3.59B | 3.18B | 3.07B | 3.34B |
| Total Debt | 2.00B | 1.99B | 1.48B | 1.34B | 1.21B | 1.23B |
| Net Cash (Debt) | -1.12B | -991.46M | -557.14M | -619.18M | -671.95M | -617.58M |
| Net Cash Per Share | -2.34 | -2.06 | -1.16 | -1.26 | -1.35 | -1.14 |
| Filing Date Shares Outstanding | 475.47M | 474.26M | 482.88M | 493.85M | 373.83M | 366.98M |
| Total Common Shares Outstanding | 472.69M | 472.63M | 483.75M | 499.55M | 371.74M | 362.91M |
| Working Capital | 1.25B | 1.24B | 764.76M | 612.67M | 264.96M | 692.58M |
| Book Value Per Share | 2.34 | 2.06 | 1.86 | 1.77 | 1.80 | 1.71 |
| Tangible Book Value | 47.90M | -104.08M | 117.31M | 167.45M | -9.72M | -74.91M |
| Tangible Book Value Per Share | 0.10 | -0.22 | 0.24 | 0.34 | -0.03 | -0.21 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 198.89M | 154.96M | 126.99M | 36.27M | 48.71M | 124.01M |
| Depreciation & Amortization, Total | 65.54M | 59.61M | 41.33M | 37.12M | 37.95M | 46.97M |
| Gain (Loss) On Sale of Investments | -10.21M | -7.84M | -38.58M | -4.41M | 1.21M | 17.00K |
| Stock-Based Compensation | 331.16M | 330.35M | 369.19M | 355.43M | 250.53M | 256.51M |
| Change in Accounts Receivable | -836.16M | -163.32M | -42.39M | 206.74M | 228.85M | -583.98M |
| Change in Accounts Payable | 704.21M | 14.77M | 14.42M | -238.50M | -290.33M | 584.00M |
| Change in Other Net Operating Assets | -24.29M | -94.15M | -146.95M | -21.92M | -132.63M | 25.56M |
| Other Operating Activities | -22.43M | -16.62M | -62.77M | -57.79M | -5.62M | 16.35M |
| Operating Cash Flow | 504.07M | 394.35M | 315.35M | 405.20M | 224.36M | 417.19M |
| Capital Expenditures | -19.67M | -21.49M | -29.62M | -14.92M | -10.59M | -10.11M |
| Cash Acquisitions | -17.33M | -280.71M | -64.17M | -39.76M | ||
| Sale (Purchase) of Intangibles | -44.24M | -44.55M | -42.43M | -44.97M | -48.17M | -43.18M |
| Investment in Securities | -14.57M | -12.82M | -5.88M | 9.42M | 5.53M | 8.91M |
| Other Investing Activities | -502.00K | -953.00K | -627.00K | -475.00K | -612.00K | |
| Investing Cash Flow | -18.44M | -282.64M | -96.99M | -90.71M | -53.33M | 121.13M |
| Short-Term Debt Issued | 20.00M | 275.00M | ||||
| Long-Term Debt Issued | 1.44B | 965.06M | 754.32M | 298.42M | ||
| Total Debt Issued | 330.67M | 1.46B | 1.24B | 754.32M | 298.42M | |
| Short-Term Debt Repaid | -275.00M | -1.92M | ||||
| Long-Term Debt Repaid | -1.00B | -815.00M | -623.25M | -6.47M | -566.24M | |
| Total Debt Repaid | -480.00M | -1.00B | -1.09B | -625.17M | -6.47M | -566.24M |
| Net Debt Issued (Repaid) | -149.33M | 452.74M | 150.06M | 129.15M | -6.47M | -267.82M |
| Issuance of Common Stock | 3.85M | |||||
| Repurchase of Common Stock | -352.33M | -390.67M | -401.11M | -232.45M | -180.11M | -475.96M |
| Common Dividends Paid | -38.81M | -38.99M | -34.16M | -17.38M | -14.86M | -15.10M |
| Other Financing Activities | -1.24M | -1.85M | 136.19M | -26.20M | -31.77M | -64.50M |
| Financing Cash Flow | -541.71M | 21.23M | -149.02M | -146.88M | -233.21M | -819.54M |
| Foreign Exchange Rate Adjustments | 570.00K | 7.46M | -8.96M | 3.27M | -2.62M | -5.39M |
| Net Cash Flow | -55.51M | 140.40M | 60.38M | 170.89M | -64.79M | -286.61M |
| Free Cash Flow | 484.40M | 372.87M | 285.73M | 390.28M | 213.77M | 407.07M |
| Free Cash Flow Margin | 15.32% | 13.24% | 13.16% | 20.03% | 12.30% | 20.92% |
| Free Cash Flow Per Share | 1.01 | 0.78 | 0.60 | 0.80 | 0.43 | 0.75 |
| Cash Interest Paid | 126.98M | 109.42M | 88.39M | 80.66M | 53.66M | 66.45M |
| Cash Income Tax Paid | 124.83M | 148.14M | 103.52M | 70.72M | 35.78M | 43.36M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.34B | 4.19B | 4.35B | 3.58B | 1.40B | 1.71B |
| Last Close Price | 11.23 | 8.88 | 8.93 | 7.06 | 3.66 | 4.47 |
| PE Ratio | 28.11 | 28.16 | 35.87 | 105.16 | 28.65 | 13.83 |
| PS Ratio | 1.69 | 1.49 | 2.00 | 1.84 | 0.80 | 0.88 |
| PB Ratio | 4.80 | 3.65 | 4.03 | 3.99 | 1.86 | 2.51 |
| P/FCF Ratio | 11.02 | 11.23 | 15.22 | 9.18 | 6.53 | 4.21 |
| P/OCF Ratio | 10.59 | 10.62 | 13.79 | 8.84 | 6.22 | 4.11 |
| Debt / Equity Ratio | 1.57 | 1.74 | 1.37 | 1.49 | 1.62 | 1.80 |
| Debt / FCF Ratio | 4.13 | 5.34 | 5.17 | 3.43 | 5.68 | 3.01 |
| Net Debt / Equity Ratio | 0.88 | 0.87 | 0.52 | 0.69 | 0.90 | 0.91 |
| Net Debt / FCF Ratio | 2.31 | 2.66 | 1.95 | 1.59 | 3.14 | 1.52 |
| Asset Turnover | 0.59 | 0.70 | 0.64 | 0.62 | 0.54 | 0.53 |
| Quick Ratio | 1.51 | 1.95 | 1.57 | 1.49 | 1.15 | 1.49 |
| Current Ratio | 1.51 | 2.00 | 1.60 | 1.52 | 1.17 | 1.51 |
| Return on Equity (ROE) | 15.88% | 13.18% | 12.46% | 4.71% | 8.23% | 20.28% |
| Return on Assets (ROA) | 3.55% | 3.66% | 3.64% | 1.24% | 1.84% | 4.21% |
| Return on Invested Capital (ROIC) | 3.41% | 3.25% | 2.66% | 1.09% | 2.64% | 0.67% |
| Earnings Yield | 3.56% | 3.70% | 2.92% | 1.01% | 3.49% | 7.23% |
| FCF Yield | 9.07% | 8.91% | 6.57% | 10.89% | 15.32% | 23.74% |
| Dividend Yield | 0.71% | 0.90% | 0.89% | 0.56% | 1.06% | 0.85% |
| Payout Ratio | 20.03% | 25.16% | 26.90% | 47.93% | 30.50% | 12.17% |
| Buyback Yield / Dilution | 0.84% | -0.38% | 2.21% | 1.89% | 7.52% | 1.25% |
| Total Shareholder Return | 1.55% | 0.53% | 3.10% | 2.44% | 8.58% | 2.10% |