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Sep 30
Marex Group plc Q3 2025 Earnings Report
Marex Group delivered strong third-quarter 2025 results with 24% revenue growth and a 25% increase in profit before tax, driven by Prime Services and Clearing.
Key Takeaways
Marex Group reported robust Q3 2025 results with revenue reaching $484.6 million and net income at $73.2 million. Strong growth in Agency and Execution, especially Prime Services, helped offset challenges in Market Making. The firm maintained high liquidity and capital strength, positioning well for future growth.
Q3 revenue rose 24% YoY to $484.6 million, led by 52% growth in Agency and Execution
Net income for the quarter was $73.2 million, up 25% from Q3 2024
Adjusted EPS came in at $1.01 with basic EPS at $0.97
Clearing, Prime Services, and Hedging Solutions drove performance; Market Making saw a 16% revenue decline
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 expects continued strong performance into Q4 2025, supported by growth in Prime Services, a strong balance sheet, and strategic acquisitions.
Positive Outlook
- Fourth quarter started strong with positive client activity trends
- Strong liquidity position with $3.1 billion in available liquid resources
- Reaffirmed investment-grade credit rating from S&P
- Continued expansion in Prime Services and international clearing
- Successful acquisitions (Winterflood, Valcourt) to drive future growth
Challenges Ahead
- Market Making faced revenue decline due to reduced volatility and tariffs
- Net interest income fell 39% YoY due to increased debt issuance
- Corporate segment posted a $51.7 million loss in Q3
- Continued cost pressure from front office technology investments
- Rising control and support costs due to headcount and systems upgrades