Trading Update
CMC Markets upgrades FY2027 net operating income guidance to at least £550 million from £460-480 million range.
vs expectations: ahead of previous guidance
- FY2027 NOI guidance at least £550m (prior £460m to £480m)
- FY2027 EBITDA guidance £250m
- FY2027 operating expenses (excluding variable remuneration) approximately £280m
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CMC Markets PLC today provides an update on trading for FY2027.
As outlined at our FY2026 results, the Group entered the new financial year with strong momentum driven by exponential and exceptional growth in our B2B business. That momentum has continued to build and scale.
As a result, CMC now expects net operating income for FY2027 to be at least £550 million, materially ahead of previous guidance of £460 million to £480 million, with EBITDA guidance of £250 million.
FY2027 guidance for operating expenses excluding variable remuneration of approximately £280 million remains unchanged.
The strength of this performance reflects the scale of our B2B platforms driving operational gearing and delivering higher profit margins as income growth is delivered against a largely fixed cost base.
Our B2B platform business is well positioned to scale with several important milestones expected over the next 12 months and a continuous pipeline of new B2B opportunities.
Operational gearing and investing for growth through B2B platforms, products, technology and partnerships continue to drive profit margins higher.
The Group's next scheduled update is at the HY2027 results on 19 November 2026.
Forthcoming announcement dates:
19 November 2026 HY2027 Interim Results
MAR disclosure statement
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