November 5, 2026 | Globe Newswire
Marex Group Limited (NASDAQ: MRX), the diversified global financial services platform, reported record preliminary unaudited results for the third quarter of 2026, with revenue and Adjusted Profit Before Tax¹ rising both year on year and sequentially.
Ian Lowitt, Group Chief Executive Officer, said: "Marex delivered another record performance in the third quarter, with revenue and Adjusted Profit Before Tax growing both year on year and sequentially." He added that the Group expects to close the year with a larger, more diversified earnings base and remains confident of delivering its 10 to 20% Adjusted Profit Before Tax growth target in 2027.
Key highlights
• Q3 revenue rose 53% to a record $743.2m, and Adjusted Profit Before Tax¹ rose 75% to $176.1m, with the margin up 300 bps to 23.7%.
• Nine-month revenue rose 47% to $2.1bn and Adjusted Profit Before Tax¹ rose 63% to $494.7m. Adjusted Basic EPS¹ increased 65% to $5.04.
• Prime revenue doubled to $114.5m in the quarter and FX revenue more than doubled to $59.1m, supported by the scaling of Hamilton Court.
• Market Making revenue more than tripled to $150.8m, driven by Metals and contributions from Winterflood, Levmet and Webb Traders.
• The structured notes balance grew 50% year on year to $5.7bn across 11,406 notes.
¹ Non-IFRS financial measure. See the full release for reconciliation to the most directly comparable IFRS measure.
Segment performance
Growth was broad-based across all four segments. Clearing revenue rose 27% to $170.1m on new institutional client wins and higher average client balances of $18.7bn. Agency and Execution revenue rose 40% to $361.1m, led by Securities, which grew 58% to $285.9m, partly offset by a modest decline in Energy.
Market Making revenue reached $150.8m, against $43.8m a year earlier, as elevated prices and volatility in precious and base metals boosted client activity and hedging demand.
Hedging and Investment Solutions
Hedging and Investment Solutions revenue rose 26% to $61.2m in the quarter. Financial Products revenue, which covers the Group's structured product offering, increased 13% to $28.8m on continued growth in issuance, new client wins and wider distribution, although lower equity volatility over the summer weighed on the segment margin. Over nine months, segment revenue rose 68% to $225.2m, with Financial Products up 59% to $123.4m and Hedging Solutions up 80% to $101.8m.
Balance sheet and capital
Total assets increased to $45.4bn at September 30, 2026 from $32.7bn at the end of 2025, and total equity rose 56% to $2.0bn, supported by a $500m hybrid perpetual note issuance in June. The Group capital ratio stood at 274% and total available liquid resources at $3.4bn.
Marex also agreed to acquire Bright Point to strengthen Clearing in Asia. The Board approved a dividend of $0.16 per share, payable on December 2, 2026 to shareholders on record on November 16, 2026.
