CMC Markets (LON:CMCX) Issues Quarterly Earnings Results

CMC Markets (LON:CMCX) posted its quarterly earnings results on Thursday. The company reported GBX 27.50 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of £376.76 million during the quarter. CMC Markets had a return on equity of 16.86% and a net margin of 18.09%.

Here are the key takeaways from CMC Markets’ conference call:

• FY 2026 was a strong year financially, with net operating income up 15% to GBP 392.6 million and profit before tax up 20% to GBP 101.3 million, while PBT margin expanded to 25.8%.
• Institutional and B2B partnerships are now the core growth engine, with management emphasizing that revenue is increasingly driven by wholesale, API, and embedded platform relationships rather than a traditional retail CFD model.
• The company highlighted major strategic partnerships and launches, including progress on Westpac and ASB integrations, continued scaling of the neobank API business, and new offerings such as multi-asset trading, Spectre, CapX, and expanded 24/5 or 24/7 market access.
• CMC plans to keep investing into growth in FY 2027, guiding to net operating income of GBP 460 million-GBP 480 million and operating expenses of about GBP 280 million excluding variable remuneration, supported by technology, brand, and product expansion.
• The Australian Invest business delivered a record year, with net operating income up 32% to AUD 140 million, active traders up 19%, new accounts up 36%, and assets under administration reaching a new high of AUD 89 billion.

CMC Markets Stock Up 5.6%

Shares of CMCX opened at GBX 454 on Friday. The firm has a market capitalization of £1.24 billion, a price-to-earnings ratio of 19.65 and a beta of 0.58. The company has a debt-to-equity ratio of 14.97, a quick ratio of 2.47 and a current ratio of 16.94. The business’s fifty day moving average price is GBX 376.16 and its two-hundred day moving average price is GBX 332.81. CMC Markets has a 52 week low of GBX 203 and a 52 week high of GBX 468.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 460 target price on shares of CMC Markets in a report on Friday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CMC Markets currently has a consensus rating of “Moderate Buy” and an average target price of GBX 350.

Key Headlines Impacting CMC Markets

Here are the key news stories impacting CMC Markets this week:

• Positive Sentiment: CMC Markets said its 2027 operating income is expected to come in ahead of market expectations, suggesting continued momentum beyond the current year. Reuters article
• Positive Sentiment: The company reported record quarterly results, including GBX 27.50 EPS and £376.76 million in revenue, which reinforced the view that institutional partnerships and Australian growth are driving earnings. Yahoo Finance article
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating on CMC Markets and set a GBX 460 price target, supporting the bullish move in the stock. Sharecast broker views
• Neutral Sentiment: Coverage highlighting the recent share rally and valuation may be adding to trading interest, but it does not materially change the company’s fundamentals. Yahoo Finance article

About CMC Markets

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.