BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the fourth quarter and full year ended December 31, 2025.

Foreign Exchange revenues were up 9.8% to $102.8 million, primarily due to strong growth in emerging market currencies and G10 FX forward volumes.

Total brokerage revenues grew by 34.6% in the fourth quarter 2025.

Data, Network, and Post-trade revenues increased by 12.5% to $36.7 million, driven by Lucera and Fenics Market Data, partially offset by lower post-trade revenues due to the sale of BGC’s Capitalab business in the fourth quarter of 2024. Excluding Capitalab, Data, Network and Post-trade revenues grew by 14.2%.

Total revenues amounted to $756.4 million in the final quarter of 2025, a 32.2% increase versus the equivalent period last year.

Pre-tax Adjusted Earnings of $161.3 million, rose 24.5%, with a pre-tax margin of 21.3%.

Post-tax Adjusted Earnings amounted to $149.6 million, up 21.1%, resulting in post-tax Adjusted Earnings per share of $0.31, a 24.0% improvement.

Adjusted EBITDA totalled $190.6 million, 0.8 percent lower due to charges related to the execution of the cost reduction program.

GAAP income from operations before income taxes decreased 8.0% to $25.0 million. This included $54.8 million of charges from the cost reduction program, the cash impact of which was $28.1 million.

BGC completed the first phase of its cost reduction program during the fourth quarter, which will realize $25 million of annualized cost savings in 2026. Further cost efficiencies are expected to be realized throughout 2026.