Diversified global financial services platform Marex Group plc (NASDAQ:MRX) today provided a trading update for the first quarter of 2026.

Marex expects first quarter 2026 revenues to be in a range of $667 million to $697 million (Q1 2025: $467 million) and Adjusted Profit Before Tax in a range of $140 million to $150 million (Q1 2025: $96 million).

Ian Lowitt, Group Chief Executive Officer, stated:

“We are forecasting a strong first quarter, with record adjusted profit before tax1 up 45-55% on last year’s first quarter and comfortably above the fourth quarter of 2025, which was also a record. The first quarter was characterized by extreme levels of volatility, which creates both opportunities and challenges. This allows us to demonstrate the strength and resilience of our business model, which is reflected in our strong performance. Clearing client balances continued to grow to around $16 billion on average through the quarter, driven by a combination of higher exchange margin requirements and new client wins.”

Marex has not yet completed its closing procedures for the three months ended March 31, 2026.

The table below provides certain estimated preliminary unaudited financial results for the three months ended March 31, 2026: