MRX · NASDAQ · Financial - Capital Markets

Marex Group (MRX)

Connects commodity and financial-market clients through clearing, execution, liquidity and hedging.

$72.46
vs last close−0.19 (−0.26%)
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Marex Group plc Ordinary SharesMRX
Financial sector

Provides clearing, agency execution, prime services, market making and tailored hedging and investment products across commodity and financial markets. Revenue comes from commissions, trading spreads, product pricing and interest on client balances, linking performance to trading activity, interest rates and regulated market access.

Connects commodity producers, consumers and financial institutions to global markets through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions. These businesses provide exchange access and clearing, broker listed and over-the-counter trades, supply prime and financing services, quote principal liquidity, and create bespoke hedges and structured notes.

Operates across Europe, the Americas, Asia and the Middle East through an office and exchange network. Revenue combines commissions, trading spreads, returns embedded in product pricing and interest on client balances. A shared platform supports cross-selling, while acquisitions extend product and regional coverage.

Works through regulated subsidiaries with jurisdiction-specific capital and liquidity requirements. Results depend on transaction activity, client balances, interest rates, exchange and clearing access and the control of market, counterparty, liquidity and technology risks.

Company facts

CEOIan Theo Lowitt
ListedJul 1, 2026
ExchangeNASDAQ
HeadquartersLondon, United Kingdom
CountryUnited Kingdom
Employees3,331
CIK0001997464
ISINBMG5T40M1045

Market cap$5.23B
EPS (ttm)$3.88
P/E (ttm)18.72
ROE31.9%
P/B2.79
P/S1.21
Dividend yieldDiv yield0.85%
Beta0.83vs XLF 0.62

Price target$80.00+10.1%Average of 7 analysts
ConsensusBuy7 of 7 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 14, 2026Goldman SachsReiterate
Rating: Target: $33
Rating: BuyTarget: $80
Aug 13, 2026UBSReiterate
Rating: Target: $36
Rating: BuyTarget: $90
Aug 13, 2026BarclaysReiterate
Rating: Target: $76
Rating: OverweightTarget: $86
Jul 20, 2026JefferiesReiterate
Rating: Target: $24
Rating: BuyTarget: $80
Jul 15, 2026Piper SandlerReiterate
Rating: Target: $55
Rating: OverweightTarget: $75

EPSReportedEstimate

Aug '24Nov '24May '25Aug '25Nov '25Mar '26May '26Aug '26
Reported$1.33$0.76$0.91$1.02$0.96$1.13$1.48$1.64
Estimate$0.68$0.68$0.89$0.89$0.92$1.02$1.38$1.36
Surprise+95.6%+11.8%+1.9%+14.2%+4.3%+10.8%+7.2%+20.6%

RevenueReportedEstimate

Aug '24Nov '24May '25Aug '25Nov '25Mar '26May '26Aug '26
Reported$740.0M$720.7M$467.3M$467.3M$484.6M$500.1M$692.3M$695.8M
Estimate$381.2M$377.0M$455.2M$455.2M$481.3M$470.3M$682.7M$625.3M
Surprise+94.1%+91.2%+2.7%+2.7%+0.7%+6.3%+1.4%+11.3%
Estimate$1.36
Reported$1.64+20.6%
Estimate$625.3M
Reported$695.8M+11.3%
View details

Debt to equity150.80%
Current ratio108.80%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$345.3M$1.16B$720.7M$740.0M$2.15B$500.1M$3.13B$1.18B
Net income$54.4M$90.8M$50.5M$102.9M$115.1M$76.7M$231.5M$267.7M
Net margin15.8%7.8%7.0%13.9%5.3%15.3%7.4%22.8%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income$62.6M$9.3M−$116.7M$391.2M$437.1M$100.8M$1.06B$416.9M
YoY growth+82.5%−76.8%Turned loss+4,106.5%Turned profit−74.2%+142.5%+313.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $8.45B · Total debt $2.82B · Total assets $42.13B · Shareholders' equity $1.87B

Revenue
$1.18B
Operating income
$416.9M
Net income
$267.7M
View details

Dividend yield
0.85%
Next ex-date
Nov 24, 26
estimated · in 62 days
Annual dividend
$0.62
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26
Dividend$0.14$0.14$0.15$0.15$0.15$0.15$0.16$0.16
Annual yield0.97%1.23%1.24%1.60%1.76%1.71%1.08%0.88%
Ex-dateNov 25Mar 17May 27Aug 26Nov 17Mar 16May 18Aug 24
Payment dateDec 10Mar 31Jun 10Sep 11Dec 3Mar 31Jun 3Sep 9
View details

Institutions77.79%56.74M ADS
219 holders · as of Jun 30, 2026
Insiders4.76%3.47M ADS
10 holders · as of Sep 9, 2026
Other17.45%12.73M ADS
remainder

72.94M ADS as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
JRJ Investor 1 LPInstitution
9.82%7.16Mfiled Jul 24, 2025
FMR LLCInstitution
7.36%5.37M ADSas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
6.75%4.92M ADSas of Jun 30, 2026
BlackRock, Inc.Institution
6.30%4.59M ADSas of Jun 30, 2026
Capital International InvestorsInstitution
4.48%3.26M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 14, 2026Simon van den Bornofficer: President−15,271$70.87
Sep 14, 2026Paolo Tonucciofficer: See Remarks−16,666$70.87
Aug 14, 2026Rob Irvindirector, officer: Chief Financial Officer−3,700$70.96
Aug 10, 2026Paolo Tonucciofficer: See Remarks−16,668$60.92
Jul 13, 2026Paolo Tonucciofficer: See Remarks−16,666$64.42
View details

  • StoneX Group

    Multi-segment overlap in clearing, execution and hedging

  • BGC Group

    OTC brokerage and energy-market infrastructure rival

  • JPMorgan Chase

    Large-bank rival in markets, clearing and structured products

Compare

CompanyPriceChange
Marex Group$72.46−0.26%$5.23B18.712.41.2+43.6%
StoneX Group$67.83−2.09%$8.24B12.016.30.1+43.3%
BGC Group$12.23−0.37%$5.82B29.58.31.7+7.9%
JPMorgan Chase$338.78−0.36%$911.03B14.614.03.1+27.8%
Median14.614.01.7+27.8%