⚡ CMC Markets’ FY26 Pre-Tax Profits Climb 20%, Income Was a “Record Outside Covid-Impacted Year”

CMC Markets reported Thursday that pre-tax profits jumped 20 percent to £101.3 million for the fiscal year ending 31 March 2025, with net operating income climbing 15 percent to £392.6 million. The London-listed broker called this its strongest performance outside the pandemic-affected 2021 period, despite extreme second-half volatility.

The results demonstrate CMC’s successful pivot beyond traditional retail trading. Institutional and B2B revenue accelerated significantly, driven by neobank API partnerships and expanding market infrastructure services. Its Australian stockbroking division delivered record income of A$140.3 million, up 32 percent year-on-year, while the newer CapX private markets platform contributed £2.4 million.

CEO Peter Cruddas emphasized the firm now operates a diversified business model heavily weighted toward B2B and wholesale services rather than pure retail flow. Upcoming launches with Westpac and ASB Bank should further strengthen the Australian business. CMC projects current-year net operating income will grow at least 17 percent.

FXnCO Insight

CMC’s institutional pivot positions it to benefit from both market volatility and structural growth in embedded finance, making it a differentiated play among retail brokers.

Source: Finance Magnates