CMC Markets Reports 20% Rise in FY26 Pre-Tax Profit, Achieves Record Income Excluding Covid Year

CMC Markets (LON: CMCX) announced a 15% increase in net annual operating income to £392.6 million for the fiscal year ending 31 March. Pre-tax profit climbed 20% to £101.3 million, resulting in a pre-tax profit margin of 25.8%, a one percentage point improvement. The London-listed firm released these preliminary full-year results on Thursday.

The company highlighted that this operating income figure marks its best performance on record outside of the Covid-impacted FY2021 period. EBITDA for the year reached £117.8 million, up 14%, while earnings per share grew 22% to 27.5 pence.

Founder and CEO Peter Cruddas stated, "FY2026 was another year of exceptional delivery for CMC, against a second half defined by extreme volatility." He noted that while such volatility typically benefits traditional retail providers, CMC's current performance is significantly driven by its B2B and wholesale operations, which provide critical infrastructure to global partner platforms.

Institutional and B2B income continued to scale during the year, bolstered by strong momentum from neobank API partnerships. The broker's Australian stockbroking business generated a record net operating income of A$140.3 million, a 32% year-on-year increase. Its CapX private market contributed nearly £2.4 million in net trading income.

The Australian operations are poised for further growth with stockbroking partnerships with Westpac and ASB Bank scheduled to launch within the next 12 months. "We have positioned the business at the intersection of established financial markets and the next generation of digital finance," Cruddas added.

Looking ahead, the group forecasts net operating income for the current fiscal year to be between £460 million and £480 million, an increase of at least 17%. Operating costs, excluding variable remuneration, are expected to be approximately £280 million.