Marex Group plc (NASDAQ:MRX) a diversified global financial services platform, today provided a preliminary Q3 2025 update.
Based on preliminary unaudited financial information, Marex expects revenues for the quarter to be in the range of $475 million to $485 million (+23% YoY at the midpoint) and Adjusted Profit Before Tax in the range of $96 million to $101 million (+22% YoY at the midpoint).
Adjusted Return on Equity is approximately 27% with Adjusted Profit Before Tax Margin around 21%.
Marex expects to report full Q3 results on Thursday November 6, 2025.
Ian Lowitt, Group Chief Executive Officer, stated:
“Following recent movement in our share price, we wanted to address investor questions regarding our performance in the third quarter, client balances, and the impact of exchange volumes on our business. I’m pleased to report another strong quarter in which we have maintained our growth trajectory.
Following a strong first half, where Revenue was up 23% and Adjusted Profit Before Tax1 was up 27%, both Revenue and Adjusted Profit Before Tax1 in the third quarter are up over 20% year over year. This growth was achieved in a more challenging operating environment, as exchange volumes at CME and ICE were down over 15% on average in Q3 compared to Q2. This quarter reflects the strength and resilience of the franchise we’ve built – one designed to grow and perform across a range of market environments.
Average Clearing Client balances have grown every quarter since Q1 2024, and are up 4% this quarter to $13.3 billion (Q2 2025: $12.8 billion), as we continue to add new clients. This momentum with clients continued into October, when we recently hit a record of over $10 billion in US client assets, as reported by the Commodity Futures Trading Commission (CFTC). We remain very excited about our prospects for the remainder of the year and beyond.”
