Marex Group has released its financial results for the third quarter of 2025 (Q3 2025), reporting significant growth across key business segments.
Revenue for Q3 2025 rose 24% to $484.6 million, up from $391.2 million in the same period last year. This growth was by robust performance in Clearing, Agency and Execution, and Hedging and Investment Solutions.
Net commission income increased 14% to $232.2 million, reflecting strong contributions from Agency and Execution, which grew $24.7 million to $166.6 million. This was by higher Securities revenues, particularly in equities and credit, and supported by energy markets. Clearing also saw growth, rising $4.5 million to $66.3 million due to new client onboarding and increased contracts cleared.
Marex Group Reports 24% Revenue Growth in Q3 2025
Net trading income surged 63% to $197.7 million, with Agency and Execution contributing an additional $65.5 million, reaching $85.8 million. The rise was underpinned by Marex’s expanding Prime Services capabilities, including growth in securities-based swaps, FX, and stock lending. Hedging and Investment Solutions delivered its strongest quarter on record, with trading revenue climbing $24.1 million to $69.8 million.
Reported Profit Before Tax rose to $98.8 million, up $19.8 million from $79.0 million in Q3 2024, supported by revenue growth and improved operating leverage. The reported PBT margin increased slightly to 20.4% from 20.2%, reflecting the impact of higher-margin products and restructuring underperforming desks.
Adjusting items were largely stable at $1.7 million, related to the amortisation of acquired brands and customer lists within the Corporate segment. Adjusted Profit Before Tax increased 25% to $100.5 million, with an adjusted PBT margin of 20.7%, highlighting the benefits of Prime Services expansion and ongoing operational improvements.
Marex Group’s Q3 performance underscores its strategic growth in higher-margin products and strong market positioning across multiple financial and commodity markets, signaling continued momentum heading into the final quarter of 2025.
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