Marex Group plc (MRX)
NASDAQ:MRX
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Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.17Last Year’s EPS
1.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: record revenue and adjusted PBT, broad-based segment growth, rising client balances and a robust M&A/capital program. Management was transparent about a one-off clearing loss, a decline in net interest income driven by deliberate funding choices, higher expenses from investments and the risks associated with elevated market volatility. On balance, the highlights — sizeable revenue and profit upside, strong capital ratios, successful integrations and an active pipeline — materially outweigh the lowlights, supporting confidence in continued structural growth.Company Guidance
Record Quarterly Results
Revenue grew 48% year-over-year to $692 million (from $467 million) and adjusted profit before tax increased 59% to $153 million. Basic EPS rose 55% to $1.52; trailing 12-month EPS $4.66.
Strong Margin and Profitability Expansion
Adjusted PBT margin expanded to ~22.1% (up from ~21% prior year). Management highlighted very strong ROE (Ian: 34.4% up 570 bps; Rob: adjusted ROE 37.4%). Company sees path to mid-20% margins over a multi-year horizon.
Broad-Based Segment Growth
All businesses contributed: Clearing revenue +15% to $137M; Agency & Execution revenue +35% to $322M; Market Making revenue +164% to $140M; Solutions revenue more than doubled to $93M. Notable submetrics: Net commission income in Clearing +30% to $88M; Solutions adjusted PBT nearly tripled to $33M, margin ~35%.
Clearing Client Balances and Volumes Upside
Average clearing client balances rose to $16 billion (from $14B in Q4 and $12B a year ago). Exchange volumes up 32% vs Q4 and 24% year-over-year; cleared volumes in March ~25% above prior record (April 2025), demonstrating platform scalability.
Exceptional Market Making and Commodities Performance
Metals revenue more than doubled to $65M; Energy revenue increased over 3x to $32M. Market Making adjusted PBT $56M with margins ~40%, benefiting from elevated volatility and client hedging demand.
Successful M&A and Capital Actions
Winterflood contributed strongly in its first full quarter on the Marex platform; regulatory approval obtained for sale of Winterflood custody business (expected closing Q2) which should generate ~ $40M capital benefit. Completed a $500M senior unsecured debt issuance priced 50 bps tighter than prior deal; highly oversubscribed.
Strong Capital & Liquidity Position
Regulatory capital $1.0B vs requirement $403M (capital ratio ~253%). Total assets $36.5B; corporate residual cash/other assets ~$7.5B; corporate funding increased to $6.7B; liquidity headroom ~ $1.4B. Management emphasizes conservative liquidity posture.
Dividend Increase and Positive Guidance
Board increased Q1 dividend to $0.16 per share. Management reports April tracking above last year's April and reiterates a positive pipeline, record Q2 balances so far, and confidence in balanced growth trajectory.
MRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $53.22 | $50.08 | -5.90% |
Mar 03, 2026 | $43.62 | $41.26 | -5.41% |
Mar 03, 2026 | $43.62 | $41.26 | -5.41% |
Nov 06, 2025 | $30.36 | $31.77 | +4.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marex Group plc (MRX) report earnings?
Marex Group plc (MRX) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
What is Marex Group plc (MRX) earnings time?
Marex Group plc (MRX) earnings time is at Aug 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRX EPS forecast?
MRX EPS forecast for the fiscal quarter 2026 (Q2) is 1.17.