Marex Group plc (MRX)
NASDAQ:MRX
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.27Last Year’s EPS
0.91Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a predominantly positive tone: strong, broad-based record financial performance across segments, successful M&A and clear strategic progress (Prime, digital assets, AI). Notable headwinds include a material decline in net interest income, rising interest expense and elevated investment/compensation spend, plus short-term volatility and geopolitical risks. On balance the highlights (robust revenue/PBT growth, margin and ROE expansion, segment strength and successful integrations) substantially outweigh the lowlights, supporting confidence in continued growth.Company Guidance
Record Annual and Quarterly Financial Performance
Full year revenue grew 27% to $2,020,000,000 and adjusted profit before tax rose 30% to $418,000,000. Full year EPS increased 39% to $4.12. Q4 revenue was $572,000,000 (up 38% YoY) and Q4 adjusted PBT was $115,000,000 (up 41% YoY); Q4 EPS rose 50% to $1.14.
Margin, ROE and Profitability Expansion
Adjusted PBT margin expanded 60 basis points to 20.7% for the year; Q4 margin was 20.1% (up 50 bps QoQ/Yoy context). Reported return on equity improved to 27.6% for the year and adjusted return on equity was 30.8% in Q4, underscoring capital efficiency.
Clearing Strength and Client Balances
Clearing average client balances rose 18% over the year to $14,000,000,000 in Q4. Clearing revenue for Q4 increased 10% to $137,000,000 and full-year Clearing revenue rose 13% to $528,000,000 with adjusted PBT of $262,000,000 (50% margins).
Agency & Execution and Prime Services Growth
Agency & Execution Q4 revenue increased 51% to $290,000,000 with adjusted PBT of $89,000,000 (31% margins). Prime Services generated over $250,000,000 of revenue in 2025 and now represents roughly a quarter of group profitability, materially diversifying earnings away from exchange-volume linkage.
Market Making and Solutions Record Quarters
Market Making Q4 revenue grew 83% to $81,000,000 (metals standout at $50,000,000). Solutions delivered its strongest quarter on record with Q4 revenue up 57% to $63,000,000 and adjusted PBT of $14,000,000 (23% margins).
Successful M&A and Integration
Completed acquisitions (ARNA, Hamilton Court, Winterflood) delivered in line or ahead of expectations: ARNA drove day-one synergies (~50% increase in profitability), Winterflood acquired at a discount to tangible book following custody business sale, and Prime (acquired Dec 2023) scaled to >$250M revenue in 2025.
Client Growth and Upsize of Large Relationships
Active clients (>$25k revenue) rose 19% YoY while revenues grew 32% and average revenue per client increased 11%. The $5M+ client cohort grew 36% and revenue from that cohort rose over 80%; top ~50 clients now average ~$14,000,000 annually.
Strong Capital and Liquidity Position
Regulatory capital of $927,000,000 vs requirement $403,000,000 (capital ratio 230%). Total assets were $35,000,000,000 and the firm maintained about $1,000,000,000 of liquidity headroom, with conservative buffers and stress-testing increased.
Strategic Initiatives: Digital Assets and AI
Progress on digital assets (24/7 trading in Solutions, clearing crypto futures on CME, day-one clearer for SGX digital asset futures; CFTC pilot involvement for stablecoin/crypto collateral) and active deployment of AI internally to boost productivity, risk management, and client engagement.
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 |
|---|---|---|---|
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% |
Aug 13, 2025 | $34.04 | $35.17 | +3.31% |
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 May 14, 2026, Before Open (Confirmed).
What is Marex Group plc (MRX) earnings time?
Marex Group plc (MRX) earnings time is at May 14, 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 (Q1) is 1.27.