AI-extracted from the 10-Q filed 2026-08-10 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenues from contracts with customers reached $695.6 million and consolidated net income $68.8 million, but the quarter absorbed an additional $24.5 million U.K. Tax Matter accrual.
Biggest Revenue Drivers
Commissions$649.2M
Brokerage of fixed income, FX, equities, ECS and futures via Voice, Hybrid and Fully Electronic execution
Data, network and post-trade$36.7M
Market data products, network and connectivity solutions, and post-trade services
Biggest Revenue Drivers
Total revenue: $695.6M
Commissions$649.2M
Brokerage of fixed income, FX, equities, ECS and futures via Voice, Hybrid and Fully Electronic execution
Data, network and post-trade$36.7M
Market data products, network and connectivity solutions, and post-trade services
Fees from related parties$5.5M
Administrative, technology and other support services provided to Cantor
Other revenues$4.2M
Largest Expense Items
Total compensation and employee benefits$525.5M
Includes $75.6M of equity-based compensation and allocations of net income to limited partnership units
Occupancy and equipment$47.3M
Includes $9.6M software development amortization and $6.0M depreciation
Other expenses$45.0M
Includes the additional $24.5M U.K. Tax Matter accrual and $10.0M intangible amortization
Interest expense$32.8M
Senior notes plus $4.1M on the Revolving Credit Agreement
Margins: Income from operations before income taxes was $98.9 million versus $75.3 million a year earlier, on total expenses of $773.6 million; results included a $20.0 million gain on kACE contingent consideration.
Watch Items from the Filing
U.K. Tax Matter: an additional $24.5 million accrual brought total accrued liability to $40.6 million; the Company says additional losses in excess of the accrual are reasonably possible and not estimable.
Receivables from broker-dealers and clearing organizations rose to $1.72 billion from $468.0 million, driven by fails to deliver of $1.50 billion versus $284.8 million at year-end.
ECS led brokerage revenues at $275.5 million of $771.4 million total, while APAC revenues fell to $83.3 million from $85.8 million a year earlier.
Repurchased 10.2 million Class A shares for $112.4 million at a weighted-average $11.01; $274.6 million remains under the $400.0 million authorization.
Notes payable and other borrowings of $1.77 billion, including $234.4 million drawn on the revolver; regulated subsidiaries held $975.6 million of net capital, $581.4 million above requirements.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Abularrage John J.Co-Chief Executive OfficerGrant or award · Apr 1, 2026
Hauf Jason W.Chief Financial OfficerShares withheld for tax or exercise price · Apr 1, 2026
Merkel Stephen MChairman of the Board & GCShares withheld for tax or exercise price · Apr 1, 2026
Windeatt Sean ACOO and Co-CEOShares withheld for tax or exercise price · Apr 1, 2026
About BGC Group, Inc. (BGC): stock profile, AI score and financials
BGC Group, Inc. (BGC) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores BGC at 71.0/100 on a composite quality score built from its SEC filings, placing it at rank #194 of 2,925 stocks — the top 10% of the AI-ranked universe. BGC scores in the top quartile across earnings quality (85.3), revenue growth (84.4). Based on the latest XBRL financial filings (Q2 2026), BGC Group, Inc. reports quarterly revenue of $845.5M, net income of $72.5M, an operating margin of 11.7%. Top institutional holders of BGC by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, Rubric Capital Management, based on the most recent SEC filings. BGC trades on the Nasdaq exchange and files with the SEC under CIK 1094831. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BGC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BGC Group, Inc. directly from SEC EDGAR.