BGC Group (FRA:ESD) Total Operating Expense: €735 Mil (TTM As of Mar. 2026)


FRA:ESD BGC Group Inc FRA:ESD
61 GF Score
Price €9.40
GF Value €10.96
Valuation Modestly Undervalued
! 5 Warning Signs
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What is BGC Group Total Operating Expense?

BGC Group FRA:ESD +0.53% 61 Total Operating Expense is €735 Mil as of Mar. 2026. GuruFocus rates FRA:ESD with a GF Score™ of 61/100 and a GF Value™ of €10.96 (Modestly Undervalued). The stock has 5 warning signs investors should review.

BGC Group's Total Operating Expense for the three months ended in Mar. 2026 was €187 Mil. BGC Group's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €735 Mil.

BGC Group Total Operating Expense Related Terms

BGC Group Total Operating Expense Historical Data

* Premium members only.

The historical data trend for BGC Group's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BGC Group Total Operating Expense Chart

BGC Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 591.11 599.11 691.92 758.67 702.42

BGC Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 169.86 181.78 172.49 193.65 186.76
FRA:ESD
61GF Score
BGC Group Inc FRA:ESD
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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BGC Group Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €735 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €735 Mil mean?
BGC Group (FRA:ESD) has a Total Operating Expense of €735 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on BGC Group and its competitors.
Is BGC Group's Total Operating Expense too high?
BGC Group's current Total Operating Expense is €735 Mil. Overall, BGC Group has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BGC Group's Total Operating Expense compare to MARA and GLXY?
BGC Group's Total Operating Expense of €735 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on BGC Group and its competitors. BGC Group's current Total Operating Expense is €735 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BGC Group stock overvalued right now?
Based on GuruFocus' analysis, BGC Group (FRA:ESD) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.96, compared to a current price of €9.40 — trading 14.2% below its estimated fair value. The current Total Operating Expense is €735 Mil. BGC Group's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For BGC Group (FRA:ESD), the current Total Operating Expense is €735 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BGC Group (FRA:ESD) Overvalued in 2026?

Based on GuruFocus' analysis, BGC Group stock appears to be undervalued. The current stock price of €9.40 is trading 14.2% below its estimated GF Value™ of €10.96. GuruFocus considers BGC Group to be Modestly Undervalued.

Key valuation signals for FRA:ESD:

  • Total Operating Expense: €735 Mil
  • GF Value™: €10.96 vs. price of €9.40 (14.2% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the FRA:ESD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BGC Group Business Description

Other Exchanges BGC:USA
Address 499 Park Avenue, New York, NY, USA, 10022
BGC Group Inc is a brokerage and financial technology company that serves financial markets, energy, and commodities markets. Its service and product offerings include brokerage for a wide range of financial products, including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, financial institutions, and corporate clients. BGC operates in one reportable segment, which is providing brokerage services. Geographically, the company generates a majority of its revenue from Europe, the Middle East and Africa (EMEA), followed by the Americas and the Asia-Pacific region.
61GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.40
Price
€10.96
GF Value