BGC Group's second quarter revenue of $845.5 million and adjusted EPS of $0.35 both topped analyst expectations.

BGC Group reported second quarter revenue of $845.5 million, an increase of 7.8% year-over-year, and post-tax adjusted earnings per share of $0.35, up 12.9% from the prior year. These results exceeded analyst estimates for both revenue and EPS.

Key Highlights

• Fenics, the company's electronic trading platform, delivered strong results with total revenues growing 14.3% to $186.2 million, led by a 22.9% increase in its Growth Platforms segment.
• The company saw broad-based growth across all brokerage asset classes, highlighted by a 10.6% increase in Rates revenues to $221.9 million.
• FMX continued to gain traction, with its U.S. Treasury platform increasing its market share to a record 42% from 35% a year ago, although its average daily volume of $79.4 billion missed expectations.