CMC Markets Shares Soar to Record High on Upgraded Profit Outlook

Shares in CMC Markets (LSE: CMCX) surged approximately 23% to around 570 pence, hitting a record high after the London-listed broker raised its annual profit forecast. This move propelled the stock past its previous pandemic-era peak of 559 pence set in April 2021.

The company now expects net operating income of at least £550 million for the year ending March 2027, a significant increase from its previous guidance range of £460 million to £480 million. This figure also substantially exceeds the analyst consensus forecast of £385.5 million.

The rally builds on recent momentum, with shares having surged more than 40% over three sessions following a previous income beat. The upgrade is attributed to what the company describes as "exponential and exceptional growth" in its business-to-business unit, which provides trading technology and liquidity to institutional clients.

CMC also provided a core profit, or EBITDA, forecast of £250 million. The broker highlighted its high operating gearing, meaning much of the additional income converts to profit due to a largely fixed cost base.

The surge is part of a broader sector rally, with peers like IG Group and Plus500 also raising guidance amid heightened trading activity in volatile markets. Separately, CMC Markets announced a multi-year deal to become the main club partner and front-of-shirt sponsor of Everton Football Club.

Founder and CEO Peter Cruddas said the company was "proud to partner with a club that shares our core values, identity and passion." The company's next scheduled update is its half-year results on November 19, 2026.