Record profits, future growth
CMC Markets Posts 20% Profit Rise for FY26, Driven by Strategic Growth Initiatives
Anonymous
CMC Markets reported that net operating income rose 15% to £392.6 million for the year ended 31 March 2026, while profit before tax increased 20% to £101.3 million and EBITDA climbed 14% to £117.8 million. Earnings per share grew to 27.5 pence, reflecting improved profitability alongside stronger client activity during a year marked by elevated market volatility. The company attributed performance to scaling institutional and B2B partnerships, momentum from neobank API relationships, and record results from its Australian stockbroking business, where net operating income rose 32% to A$140.3 million. CMC also said it made progress on strategic initiatives including rolling out a multi-asset platform and developing its “Super App” architecture, while continuing to expand its institutional and B2B footprint. Operating expenses increased due to higher variable remuneration tied to stronger results, strategic investment, and an Australian remediation provision linked to an industry-wide margin netting matter. For fiscal 2027, CMC expects net operating income to grow at least 17% to a range of £460 million to £480 million and proposed a final dividend of 8.3 pence per share (total 13.8 pence), consistent with its policy of returning about half of after-tax profit to shareholders.
Key Points
1
CMC said the FY2026 result was its “best performance on record outside of the FY2021 Covid-impacted year,” and reported a profit-before-tax margin of 25.8%, up 1 percentage point from FY2025.
2
While net operating income drove results, CMC also disclosed that total revenue rose to £418.67 million (from £360.10 million), and that net trading revenue accounted for about 74% of group income.
3
CMC detailed that “CapX private market investments” contributed approximately £2.4 million of net trading income during the year, reflecting unrealised gains on strategic equity holdings.
4
The company’s second-half turnaround was partly framed against a weaker first half: CMC noted that first-half PBT fell 1% due to a £5.2 million Australian remediation charge, before improving in H2.
5
Beyond the platform and “Super App” buildout, CMC said it added “24/7 crypto and bullion trading capabilities,” and flagged that its 2027 outlook includes further launches and partnerships with Westpac and ASB Bank.
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