BGC Group, Inc (BGC) Stock

BGC Group, Inc (BGC) is a Financials stock trading at $11.95 (as of 2026-08-24), with a market capitalization of $5.72B and a trailing P/E of 28.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options. It also provides trade execution, connectivity solutions, brokerage services, clearing, trade compression and other post-trade services, information, and other back-office services to an assortment of financial and non-financial institutions. In addition, the company offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services, and analytics related to financial instrument and markets. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables to use ots Voice, Hybrid, or in various markets, as well as fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. It primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Group, Inc. was founded in 1945 and is headquartered in New York, New York.

Understand BGC Group, Inc: how it makes money

BGC Group provides brokerage and technology for capital markets, including trade execution and related services across fixed income, equities, energy and commodities, shipping, futures and options, plus connectivity, clearing, trade compression, and other post-trade and back-office services.

BGC’s profit engine is client trading activity, monetized through brokerage and execution revenues across multiple asset classes, supported by higher value workflow and post-trade services (connectivity, clearing, and trade compression).

Revenue by segment (latest quarter)
Ex-OTC$0.8B
OTC$0.2B

Business quality (Solid): Good directional clarity on business lines and a few operating indicators (FMX volumes and share), but the provided segment inputs appear revenue-like and may overlap, so segment-to-standalone performance visibility is limited.

Valuation: At 31× earnings, BGC trades 8% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Broad coverage of trading and market services: BGC supports trading across rates, equities, energy and commodities, shipping, futures and options, and also offers connectivity, clearing, trade compression, and other post-trade and back-office services.
  • Significant recurring-type platform contribution in the provided mix: The company reports Fenix Generated Revenues (0.21B) alongside other brokerage revenue lines, indicating platform-driven monetization in addition to pure brokerage.
  • Trading throughput indicators exist for investors to track: FMX U.S. Treasury Average Daily Volume (89.7 USD_B) and FMX U.S. Treasury Market Share of Volume Traded (41.0 percent) are provided operating metrics.

Bear case

  • Performance depends on client market activity: Because revenues are tied to brokerage and execution across trading products and asset classes, results can be sensitive to trading volumes and market conditions.
  • Multiple asset classes, each with its own cycle risk: Provided revenue lines span rates, energy and commodities and shipping, equities, foreign exchange, and credit, so adverse shifts in any area could pressure results.
  • Technology and post-trade services may not fully offset trading slowdowns: Even with connectivity, clearing, and trade compression, the core monetization still centers on executing and processing trades, which can weaken if trading demand declines.
Valuation — source: SEC EDGAR (first-party)
Price$11.95
Market Cap$5.72B
P/E Ratio28.8
EV / EBITDA17.7
Price / Book4.49
Price / Sales1.74
FCF Yield8.5%
DCF Value (model)$4.23
DCF Upside vs Price-64.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.94B
Net Margin5.3%
Revenue Growth (YoY)7.8%
EPS Growth (YoY)36.4%
FCF Growth (YoY)141.2%
Valuation vs Sector & Industry
Stock P/E28.8
Sector P/E (Financials)15.2
Industry P/E (Trading)35.7
vs Sector89.1%
vs Industry-19.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($533.97M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOSean A. Windeatt
Employees3,971
CountryUS
IPO Date1999-12-10

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BGC earnings history · BGC institutional & insider holders · BGC KPIs & operating metrics · BGC financials · BGC investor presentations & press releases · BGC SEC filings · BGC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.