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Jun 30
Marex Group plc Q2 2025 Earnings Report
Marex delivered record results with strong adjusted profitability and double-digit revenue growth in Q2 2025.
Key Takeaways
Marex Group reported robust financial performance in Q2 2025, driven by strength in its Agency & Execution and Clearing businesses. Adjusted Profit Before Tax hit a quarterly record, while EPS grew by 27%.
Revenue grew 18% YoY to $500.1M, led by Agency & Execution and Clearing
Adjusted PBT hit $106.4M, up 16% YoY and a quarterly record
EPS increased to $1.03, while adjusted EPS reached $1.08
Return on Equity stood at a strong 31.4%, down slightly from 36.6% in Q2 2024
Marex Group plc
Marex Group plc
Marex Group plc Revenue by Segment
Revenue by Segment
Clearing Revenue
CapyFin.comAgency & Execution Revenue
CapyFin.comMarket Making Revenue
CapyFin.comHedging & Investment Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
Marex remains optimistic about future growth driven by expansion into new geographies, strategic acquisitions, and strong performance in Prime Services and Securities.
Positive Outlook
- Acquisition of Agrinvest and Hamilton Court to expand global footprint
- Announced acquisition of Winterflood Securities to enhance UK equities
- Strong performance in Agency & Execution with 59% revenue growth
- Prime Services expansion continues to boost earnings power
- Maintained strong capital and liquidity with $3.4B in liquid resources
Challenges Ahead
- Market Making revenue fell 17% YoY due to weaker metals and agriculture
- Net interest income declined 47% due to lower Fed rates and debt costs
- Hedging & Investment revenue dropped amid volatility and client pullback
- Operating expenses rose 16%, reflecting investment and headcount growth
- ROE declined YoY from 36.6% to 31.4% despite strong earnings
Revenue & Expenses
Visualization of income flow from segment revenue to net income