Marex Group Q3 2025 Revenue Growth Report

Marex Group plc reported strong financial results for Q3 of 2025, reflecting solid growth across its key business segments. Revenue rose 24% to $484.6 million, up from $391.2 million in the same period last year, driven by strong performance in Clearing, Agency and Execution, and Hedging and Investment Solutions. Net commission income increased 14% to $232.2 million, with Agency and Execution contributing $166.6 million, up from $141.9 million in Q3 2024.

This growth was primarily fueled by higher securities revenues, especially in equities and credit, while energy also supported the increase. Additionally, the Clearing segment rose $4.5 million to $66.3 million, reflecting new client onboarding and higher contracts cleared. Net trading income surged 63% to $197.7 million, boosted by a $65.5 million rise in Agency and Execution to $85.8 million. This improvement was largely due to strong performance in securities and the continued expansion of Marex’s Prime Services capabilities, including growth in securities-based swaps, FX, and stock lending.

Hedging and Investment Solutions also contributed significantly, recording its strongest quarter on record, with trading revenue increasing $24.1 million to $69.8 million. Reported Profit Before Tax increased $19.8 million to $98.8 million, reflecting both strong revenue growth and improved operating leverage.

Marex Group Q3 2025 Revenue Growth Report

The Reported Profit Before Tax margin edged up to 20.4% from 20.2%, driven by higher-margin products in Agency and Execution and the restructuring of underperforming desks. Adjusting items rose slightly by $0.2 million to $1.7 million, related to amortization of acquired brands and customer lists in the Corporate segment. Consequently, Adjusted Profit Before Tax grew 25% to $100.5 million, with the adjusted margin improving by 10 basis points to 20.7%, demonstrating the impact of Prime Services and strategic desk restructuring.

Ian Lowitt, Group Chief Executive Officer, commented, “I’m pleased to report strong third quarter financial results at the top end of our previously announced preliminary range and continuing the momentum from the first half of the year.” He added, “Revenue for the third quarter was $485 million, and we grew Adjusted Profit Before Tax to $101 million, up 25% year on year. This quarter demonstrated how we have successfully diversified our business, primarily driven by growth in our Prime Services business, which increased the resiliency of our earnings. Clearing remains at the heart of the firm and performed very strongly, with one of our highest-ever client onboarding quarters, driving 4% growth in average client balances to $13.3 billion. The fourth quarter has started very strongly, and we are optimistic about the rest of the year and the year ahead.”

Marex’s Q3 performance highlights its diversified model and strong growth trajectory, underpinned by Prime Services and strategic operational improvements.

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