BGC Group (BGC)
Institutional brokerage across energy, commodities, rates, currencies, credit and equities.
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Arranges institutional trades in energy, commodities, shipping, rates, foreign exchange, credit and equities, primarily through brokerage commissions and principal transactions. Voice and hybrid execution sit alongside Fenics’ electronic markets, data and connectivity platforms, with activity concentrated in Energy, Commodities and Shipping and rates.
Arranges and executes institutional trades across Energy, Commodities and Shipping, rates, foreign exchange, credit and equities, earning most revenue from brokerage commissions and principal transactions. Coverage spans physical commodities, fixed-income securities and derivatives, currencies, futures and options.
Combines voice and hybrid brokers with Fenics’ fully electronic venues, market data, Lucera connectivity and post-trade services. FMX supplies cash U.S. Treasury, spot foreign exchange and interest-rate futures markets; PortfolioMatch supports electronic credit trading. Operations serve institutions across the Americas, Europe, the Middle East and Asia-Pacific.
Results depend on client trading activity and market conditions; Energy, Commodities and Shipping and rates are the largest brokerage categories. Broker-dealer, exchange, data and clearing activities operate under jurisdiction-specific regulation and capital requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $881.1M · Total debt $1.77B · Total assets $5.75B · Shareholders' equity $1.11B
- Revenue
- $865.5M
- Operating income
- $124.7M
- Net income
- $72.5M
HistoryDividendAnnual yield
| Institutions | 65.96% | 315.97M shares | |
|---|---|---|---|
| 374 holders · as of Jun 30, 2026 | |||
| Insiders | 47.15% | 225.90M shares | |
| 11 holders · as of Aug 31, 2026 | |||
| Strategic holders | 21.36% | 102.31M shares | |
| 1 holder · as of Oct 6, 2025 | |||
| Adds to | 134.47% | ||
479.06M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 134.47%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Brandon LutnickInsiderdirector, 10 percent owner | 23.25% | 109.41M B · 1.99M A | filed Oct 6, 2025 |
Fitzgerald L. P. Cantor1,2Insiderdirector, 10 percent owner | 23.25% | 111.38M COMPANY | filed Oct 6, 2025 |
CF Group Management Inc3Strategicdirector, 10 percent owner, other: Managing General Partner CFLP | 21.36% | 102.31M B | filed Oct 6, 2025 |
BlackRock, Inc.Institution | 12.00% | 57.48M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.37% | 25.74M A | as of Jun 30, 2026 |
- Fitzgerald L. P. Cantor's transaction reports restate only vehicles that traded; the 2025 ownership statement (111.38M) is used instead.
- Fitzgerald L. P. Cantor reports a block also reported by CF Group Management Inc; it is counted once, under CF Group Management Inc.
- CF Group Management Inc reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 5, 2026 | Jean-Pierre Aubin | officer: Co-Chief Executive Officer | −10,000 | $9.55 |
| Oct 6, 2025 | Brandon Lutnick | director, 10 percent owner: | +13,520,808 | $6.40 |
| Oct 6, 2025 | Howard W. Lutnick | director, 10 percent owner: | −109,833,810 | $0.7615 |
| Oct 6, 2025 | Fitzgerald L. P. Cantor | director, 10 percent owner: | +8,973,721 | $9.21 |
| Oct 6, 2025 | CF Group Management Inc | director, 10 percent owner, other: Managing General Partner CFLP | +8,973,721 | $9.21 |
- CME Group
Incumbent rates-futures exchange challenged by FMX
- Marex Group
Commodities, clearing and agency-execution peer to ECS
- Tradeweb
Electronic rates and credit venue overlapping Fenics
- StoneX Group
Commodities, derivatives, OTC and clearing competitor to ECS
- MarketAxess
Electronic credit and fixed-income liquidity competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BGC Group | $12.35 | −0.84% | $5.90B | 29.9 | 8.4 | 1.8 | +7.9% |
| CME Group | $268.47 | −2.56% | $99.07B | 23.4 | 21.6 | 14.6 | +0.8% |
| Marex Group | $73.17 | −3.36% | $5.45B | 19.5 | 12.5 | 1.1 | +43.6% |
| Tradeweb | $101.04 | −3.26% | $22.24B | 25.0 | 23.7 | 10.1 | +9.0% |
| StoneX Group | $69.51 | +3.01% | $8.02B | 11.7 | 16.7 | 0.1 | +43.3% |
| MarketAxess | $163.55 | +0.06% | $5.75B | 19.3 | 19.8 | 6.6 | −2.8% |
| Median | 19.5 | 19.8 | 6.6 | +9.0% |