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Marex Group (MRX) investor relations material
Marex Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 delivered strong results at the top end of guidance, with year-to-date revenue of $1.45 billion, up 23%, and Adjusted Profit Before Tax (PBT) of $303 million, up 26% year-over-year.
Q3 revenue reached $485 million, up 24% year-over-year, and Adjusted PBT was $101 million, up 25% year-over-year.
Growth was driven by new client additions, productivity improvements, Prime Services, and successful integration of acquisitions including Winterflood Securities and Valcourt.
Maintained strong momentum and delivered the second highest quarterly profit on record, despite challenging market conditions.
Diversification strategy reduced reliance on exchange volume-linked profits, with Prime Services now contributing nearly a quarter of total profits.
Financial highlights
Q3 2025 revenue grew 24% year-over-year to $485 million; nine-month revenue up 23% to $1.45 billion.
Margins expanded to 20.9% for the first nine months; Q3 margin at 20.7%.
Adjusted basic EPS for Q3 was $1.01, up 23% year-over-year; basic EPS was $0.97, up 24%.
Adjusted return on equity remained strong at 27.6%.
Total assets increased to $33 billion at September-end, driven by client balances and securities growth.
Outlook and guidance
Q4 2025 started strongly, with October being a record month and expectations for a record profit and revenue quarter.
Sustainable profit growth targeted in the 10%-20% range, with 10% organic and the remainder from M&A.
Optimism for continued growth in 2026, supported by a robust M&A pipeline and new market opportunities, including crypto and tokenization.
Management reaffirmed a prudent approach to capital and funding, maintaining surplus liquidity and an investment grade credit rating.
Prime Services' earnings resilience contribution
Market Making segment's Q3 performance issues
NII decline despite higher average balances
Marex's role in tokenized asset prime brokerage
Outlook for 2026 M&A activity and focus
ROE sustainability and capital deployment strategy
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Next Marex Group earnings date
Q4 20256 Mar, 2026
Next Marex Group earnings date
Q4 20256 Mar, 2026
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Frequently asked questions
Marex Group plc is a global financial services platform that offers essential liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The company operates through several segments, including Market Making, Clearing, Agency and Execution, and Hedging and Investment Solutions. Marex provides execution and clearing services for metals, agricultural products, and financial futures and options, as well as liquidity and execution services for financial securities. Additionally, it acts as an agent in over-the-counter (OTC) energy products, provides market making services across various commodities, and offers OTC traded hedging and customized OTC derivatives solutions. The company is also involved in the structured notes business, enabling investors to build custom notes across multiple asset classes. The company is headquartered in London, United Kingdom, and its shares are listed on the NASDAQ.
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