NEW YORK, Feb 13, 2026, 09:19 EST — Premarket
- BGC shares climbed roughly 0.6% before the bell, adding to Thursday’s 9% surge.
- That move comes as the broker’s quarterly report lands, along with its outlook for first-quarter revenue.
- Traders are eyeing the post-earnings jump to see if it sticks once the bell rings.
BGC Group Inc (Nasdaq: BGC) edged up roughly 0.6% to $9.56 before the bell Friday, after picking up 9.07% on Thursday to finish at $9.50. (Public)
Why does it matter? BGC’s numbers give an early pulse on trading activity and volatility—key drivers for brokerage revenue as 2026 gets underway. Investors are picking apart how much of the gain comes from one-time acquisition boosts versus growth that might last.
BGC’s SEC filing shows fourth-quarter revenue jumping 32% to $756.4 million, with adjusted EPS up at $0.31—a figure that strips out certain charges. The company is projecting first-quarter revenue somewhere between $860 million and $920 million, and pre-tax adjusted earnings in the $202 million to $222 million range. It also pointed to $25 million in annualised savings by 2026 from phase one of a cost-cutting initiative. Co-CEO Sean Windeatt described the 2025 results as “record-breaking.” The board signed off on a $0.02 quarterly dividend, payable March 18; ex-dividend date is March 4. (SEC)
On the call, Windeatt told analysts the brighter forecast comes “driven not just in ECS, but where we have gained market share,” and called out new hires in rates and FX desks. Energy, commodities and shipping revenue surged 92% to $257.5 million for the quarter. Rates revenue climbed 16% to $197.4 million, according to the company. Piper Sandler’s Patrick Malcolm Moley asked management how much of the first-quarter outlook hangs on continued strong trading. BGC, for its part, flagged the pending sale of its kACE business for as much as $119 million. (The Motley Fool)
BGC reported adjusted earnings of $0.31 a share, edging past the $0.29 estimate from Zacks analysts, a note posted on Nasdaq.com showed. Revenue also came in ahead of the Zacks consensus, according to the same note. (Nasdaq)
GAAP numbers looked a bit messier, with profit dropping to $13.88 million, or $0.03 per share, down from $24.17 million, or $0.05, over the same period last year. Adjusted earnings landed at $149.63 million, or $0.31 per share, according to RTTNews. (RTTNews)
BGC handles brokerage and operates electronic trading venues in rates, FX, energy, and more, while also pushing out market data and tech under its Fenics and FMX brands. The business swings with trading activity: up when volumes surge, but it feels the pinch in quieter stretches. (MarketScreener)
Guidance is out, dividend’s locked in. Now it’s a question of whether BGC stays above that $9.50 Thursday close when trading kicks off at 9:30 a.m. ET. Analyst estimate moves in the coming sessions could steer where things go next.
March 4 marks the ex-dividend date for the 2-cent payout—investors will be watching that. Once it passes, attention snaps back to how the company is tracking on its first-quarter goals.
