BGC Group Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
BGC$11.07+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations—For the and
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Commissions | $407,095 | $350,305 | $1,217,348 | $1,076,313 |
| Principal transactions | 93,551 | 84,725 | 304,839 | 294,537 |
| Fees from related parties | 5,106 | 3,723 | 14,170 | 11,742 |
| Data, network and post-trade | 32,661 | 27,797 | 94,376 | 81,919 |
| Interest and dividend income | 16,944 | 10,150 | 43,853 | 28,836 |
| Other revenues | 5,754 | 5,994 | 15,900 | 15,294 |
| Total revenues | 561,111 | 482,694 | 1,690,486 | 1,508,641 |
| Expenses: | ||||
| Compensation and employee benefits | 271,307 | 233,087 | 834,139 | 743,688 |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | 85,690 | 69,268 | 247,978 | 277,285 |
| Total compensation and employee benefits | 356,997 | 302,355 | 1,082,117 | 1,020,973 |
| Occupancy and equipment | 45,195 | 40,028 | 126,960 | 121,681 |
| Fees to related parties | 8,251 | 7,046 | 23,475 | 23,477 |
| Professional and consulting fees | 20,184 | 13,734 | 47,248 | 44,254 |
| Communications | 30,416 | 29,222 | 90,596 | 84,974 |
| Selling and promotion | 17,376 | 14,939 | 51,861 | 44,875 |
| Commissions and floor brokerage | 17,539 | 14,755 | 52,345 | 46,181 |
| Interest expense | 25,125 | 20,780 | 66,812 | 56,436 |
| Other expenses | 26,955 | 22,030 | 54,847 | 47,759 |
| Total expenses | 548,038 | 464,889 | 1,596,261 | 1,490,610 |
| Other income (losses), net: | ||||
| Gains (losses) on equity method investments | 2,360 | 2,094 | 6,894 | 6,568 |
| Other income (loss) | 4,276 | 3,967 | 44,852 | 1,221 |
| Total other income (losses), net | 6,636 | 6,061 | 51,746 | 7,789 |
| Income (loss) from operations before income taxes | 19,709 | 23,866 | 145,971 | 25,820 |
| Provision (benefit) for income taxes | 5,996 | 5,314 | 46,042 | 8,308 |
| Consolidated net income (loss) | $13,713 | $18,552 | $99,929 | $17,512 |
| Less: Net income (loss) attributable to noncontrolling interest in subsidiaries | (1,034) | 1,506 | (1,856) | 1,192 |
| Net income (loss) available to common stockholders | $14,747 | $17,046 | $101,785 | $16,320 |
| Per share data (Note 6): | ||||
| Basic earnings (loss) per share | ||||
| Net income (loss) attributable to common stockholders | $14,192 | $15,974 | $96,866 | $15,248 |
| Basic earnings (loss) per share | $0.03 | $0.03 | $0.20 | $0.04 |
| Basic weighted-average shares of common stock outstanding | 473,435 | 468,544 | 473,076 | 412,178 |
| Fully diluted earnings (loss) per share | ||||
| Net income (loss) for fully diluted shares | $14,194 | $15,989 | $96,915 | $15,107 |
| Fully diluted earnings (loss) per share | $0.03 | $0.03 | $0.20 | $0.03 |
| Fully diluted weighted-average shares of common stock outstanding | 478,652 | 477,545 | 479,161 | 494,545 |
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