CMC Markets Releases Preliminary Results for Year Ended 31 March 2026

CMC Markets, the FTSE 250 multi-asset trading and investing firm, released its preliminary results for the year ended 31 March 2026 on 4 June, reporting net operating income of £392.6m – up 15% from £340.1m in FY2025 – and profit before tax of £101.3m, a 20% increase from £84.5m. The profit before tax margin improved to 25.8% from 24.8%.

The company said that excluding the Covid-impacted FY2021 period, the net operating income figure represented its best performance on record. The Australian stockbroking business achieved a record net operating income of A$140.3m, up 32% year-on-year, supported by increases in client activity and assets under administration.

CEO Lord Peter Cruddas attributed the results to the firm’s diversified business model, which now derives a majority of income from institutional and B2B platform partnerships. During the second half of the year, extreme volatility tied to tariffs, geopolitical tensions, and commodity moves tested the company’s infrastructure, which Cruddas said proved resilient and enabled continued support for partners.

Strategic and Partnership Progress

The group made progress on several B2B initiatives. Its partnership with Westpac, described as transformational, is on track for launch within the next 12 months; the Australian bank holds approximately A$39bn in assets under administration across about half a million share-trading accounts. The partnership with ASB Bank in New Zealand is also proceeding as planned.

In the UK, the Invest UK division signed a partnership agreement with retailer Currys and continued to progress a Tier 1 institutional partnership with a major international bank. The neobank API partnership delivered strong growth in new account openings and trading activity.

CMC also began rolling out its multi-asset platform, including 24/5 US equities and 24/7 crypto and bullion trading, which it described as the foundation of a future SuperApp. In digital assets, the group advanced its Web3 and digital asset infrastructure for trading, custody, funding, and withdrawal.

Dividend and Outlook

The board declared a final dividend of 8.3 pence per share, bringing the full-year dividend to 13.8 pence, up 21% from 11.4 pence in FY2025. Basic earnings per share rose 22% to 27.5 pence.

Looking ahead, CMC expects the next 12 months to be a defining period, with several major initiatives scheduled to come online: the Westpac and ASB partnerships, expansion of the neobank API partnership, continued multi-asset platform rollout, entry into the European certificates and warrants market, and ongoing development of tokenisation and digital asset infrastructure.