Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N
RILY.OQ - BRC Group Holdings Inc
Q1 2026 BRC Group Holdings Inc Earnings Call
May 07, 2026 / 08:30PM GMT
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Presentation
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FMX posted its best-ever quarter, setting ADV records for U.S. Treasuries, FX, and futures.
FMX UST ADV grew 51% in the first quarter to a record $90 billion, representing 41% market share.
We built on last year's $25 million cost reduction program, which is now expected to result in $35 million of annualized cost savings.
We will continue to identify and execute cost savings throughout 2026 to drive further margin expansion.
A final point on the macro backdrop.
The Iran conflict, which began on February the 28th, drove elevated volatility across energy, rates and FX through the final month of the quarter.
Through February the 27th, before the conflict began, revenues were
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