BGC Group, Inc. (BGC) Q2 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a041fa-9b24-7391-abb1-b8223ee9af47 Created: 2026-08-27T06:48:59.437Z Duration: 1704.4637 Channels: 1 00:00:00.000 -- 00:00:02.800 Greetings, and welcome to the BGC Group Second 00:00:02.800 -- 00:00:05.839 Quarter twenty twenty six Earnings Call. At this 00:00:05.839 -- 00:00:07.839 time, all participants are in a listen only 00:00:07.839 -- 00:00:10.160 mode. A question and answer session will follow 00:00:10.160 -- 00:00:11.040 the formal presentation. 00:00:16.535 -- 00:00:19.095 As a reminder, this conference is being recorded. 00:00:19.335 -- 00:00:21.415 It is now my pleasure to introduce Jason 00:00:21.415 -- 00:00:22.375 Kraseckis, 00:00:22.375 -- 00:00:23.895 Head of Investor Relations. 00:00:24.215 -- 00:00:25.335 Please go ahead. 00:00:25.815 -- 00:00:28.295 Hello, everyone. This morning, we issued BGC's financial 00:00:28.295 -- 00:00:30.855 results, which can be found at ir.bgcg.com. 00:00:31.400 -- 00:00:33.480 Any historical results provided on today's call compare 00:00:33.480 -- 00:00:35.080 only the current period with the prior year 00:00:35.080 -- 00:00:36.840 period unless otherwise specified. 00:00:37.560 -- 00:00:39.480 All references on today's call to record or 00:00:39.480 -- 00:00:41.160 all time high results are to BGC's standalone 00:00:41.160 -- 00:00:43.239 financial results excluding Newmark prior to the spin 00:00:43.239 -- 00:00:44.520 off in November 2018. 00:00:45.435 -- 00:00:46.795 We'll be referring to our results on a 00:00:46.795 -- 00:00:48.715 non GAAP basis, which include the terms adjusted 00:00:48.715 -- 00:00:50.555 EBITDA and adjusted earnings. 00:00:51.515 -- 00:00:53.275 Please refer to today's investor materials on our 00:00:53.275 -- 00:00:55.755 website f...