CMC Markets reports FY2026 net operating income up 15% and profit before tax up 20%

Financial performance

CMC Markets plc announced preliminary results for the year ended 31 March 2026 on 4 June 2026. Net operating income rose 15% to £392.6 million from £340.1 million, which CMC said was the group's best performance on record outside the Covid-affected FY2021. Net operating income is defined as total revenue net of introducing partner commissions and betting levies. Profit before tax rose 20% to £101.3 million from £84.5 million, and the profit before tax margin increased by 1.0 percentage point to 25.8% from 24.8%. EBITDA was £117.8 million, up 14% from £103.4 million. Basic earnings per share were 27.5 pence, up 22% from 22.6 pence. CMC said stronger net operating income was partly offset by the Australian remediation charge recognised in the first half. The financial information is unaudited and does not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006.

Australian business and treasury income

CMC reported record performance in its Australian stockbroking business, with net operating income of A$140.3 million, up 32% from A$106.3 million, supported by client activity and assets under administration growth. CapX private market investments contributed approximately £2.4 million of net trading income, reflecting unrealised gains on strategic equity holdings. CMC said Treasury Management and Capital Markets delivered disciplined yield and liquidity optimisation, including approximately £5.5 million of treasury-related trading income.

Partnerships and platform rollout

The group said its Australian stockbroking partnerships with Westpac and ASB Bank were progressing and on track to launch within the next 12 months. CMC described Westpac as a transformational partnership, citing approximately A$39 billion of assets under administration across half a million share-trading accounts. It said its neobank API partnership drove growth in new account openings and trading activity. The multi-asset platform rollout commenced, including 24/5 US equities and 24/7 crypto and bullion, which CMC said formed the foundation of its Super App. Invest UK continued to progress a Tier 1 institutional partnership with a major international bank and signed a partnership agreement with UK retailer Currys, which CMC said supported expansion of its UK B2B footprint. CMC also said its Web3 and digital asset infrastructure advanced with institutional-grade capabilities for trading, custody, funding and withdrawal of digital assets.

Dividend and outlook

A final dividend of 8.3 pence per share brought the full-year ordinary dividend to 13.8 pence per share, up 21% from 11.4 pence. CMC said it had reached a key inflection point, with institutional and B2B partnerships providing access to large embedded client bases, and said institutional and B2B represented a majority of its income. CMC said the next 12 months were expected to be a defining period, with planned initiatives including launch of the Westpac and ASB Bank partnerships, expansion of the neobank API partnership, continued rollout of the multi-asset platform and progress towards the Super App, entry into the European certificates and warrants market, further development of tokenisation and digital asset infrastructure, and strategic investments in major sponsorships.

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