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Financials · MRX

Marex Group Limited (MRX) financials

For fiscal 2025 (ended Dec 31, 2025), Marex Group Limited reported $2.02B of revenue and $293.90M of net income.

Revenue, FY2025
$2.02B
Revenue growth, YoY
+26.9%
Net income, FY2025
$293.90M
Net income growth, YoY
+43.6%
Net margin
14.5%
Free cash flow, FY2025
$654.40M
EPS, diluted, FY2025
$3.86
EPS growth, YoY
+41.9%
Cash
$2.88B
Total debt
$200.00M
P/E
17.13
P/S
2.49
Market cap
$5.03B
Annual revenue$2.02B
FY2022FY2025
Annual net income$293.90M
FY2022FY2025
Annual free cash flow$654.40M
FY2022FY2025

MRX revenue and earnings growth

MRX revenueFY2025$2.02B

FY YoY
+26.9%

MRX revenue was $2.02B for fiscal 2025 (ended Dec 31, 2025), up 26.9% from fiscal 2024. It rose in each of the last 3 fiscal years.

MRX net incomeFY2025$293.90M

FY YoY
+43.6%

MRX net income was $293.90M for fiscal 2025 (ended Dec 31, 2025), up 43.6% from fiscal 2024. It rose in each of the last 3 fiscal years.

MRX EPSFY2025$3.86

FY YoY
+41.9%

MRX diluted EPS was $3.86 for fiscal 2025 (ended Dec 31, 2025), up 41.9% from fiscal 2024.

MRX free cash flowFY2025$654.40M

FY YoY
-43.2%

MRX free cash flow was $654.40M for fiscal 2025 (ended Dec 31, 2025), down 43.2% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$2.02B$1.59B$1.24B$711.10M
Interest expense$760.20M$538.10M$470.20M$165.00M
Pre-tax income$411.60M$295.80M$196.50M$121.60M
Income tax$103.70M$77.80M$55.20M$23.40M
Net income$293.90M$204.70M$128.00M$91.60M
EPS, basic$4.12$2.96$1.94$1.39
EPS, diluted$3.86$2.72$1.82$1.36
Diluted shares76.1M75.3M70.3M67.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$2.88B$2.56B$1.48B$910.10M
Short-term investments-$87.70M$76.70M$0
Receivables$10.99B$7.55B$4.79B$4.69B
Current assets$33.70B$23.83B$16.94B$15.35B
Goodwill$237.40M$176.50M$163.60M$155.50M
Total assets$34.68B$24.31B$17.61B$15.74B
Current liabilities$30.96B$21.78B$15.88B$14.56B
Short-term debt$200.00M$152.00M$0$12.90M
Long-term debt$0$0$0$135.80M
Total debt$200.00M$152.00M$0$148.70M
Total liabilities$33.41B$23.34B$16.84B$15.07B
Shareholders' equity$1.17B$879.30M$775.90M$677.70M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow$667.50M$1.16B$735.00M$225.60M
Capital expenditures$13.10M$11.70M$9.00M$3.60M
Free cash flow$654.40M$1.15B$726.00M$222.00M
Investing cash flow-$264.30M-$35.30M-$97.60M-$46.30M
Financing cash flow-$123.90M-$37.20M-$72.80M$26.50M
Dividends paid$55.50M$77.10M$58.30M$6.60M
Share repurchases$44.10M$19.80M$3.10M$7.90M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY26.9%28.1%75.0%-
Net income growth, YoY43.6%59.9%39.7%-
EPS growth, YoY41.9%49.5%33.8%-
Net margin14.5%12.8%10.3%12.9%
Free cash flow margin32.3%72.2%58.3%31.2%
Return on equity25.2%23.3%16.5%13.5%
Return on assets0.8%0.8%0.7%0.6%
Current ratio1.091.091.071.05
Debt to equity0.170.170.000.22

Source: XBRL data Marex Group Limited files with the SEC, latest filing dated Mar 25, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

MRX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MRX$2.02B+26.9%$293.90M14.5%$5.03B
MS$80.16B+16.2%$20.45B25.5%$292.45B
GS$69.70B+18.7%$22.17B31.8%$261.38B
BLK$28.54B+24.7%$6.91B24.2%$187.58B
SCHW$27.06B+18.1%$10.64B39.3%$160.36B
CME$6.97B+9.0%$4.43B63.5%$109.00B
ICE$14.05B+12.1%$4.16B29.6%$97.26B
HOOD$5.08B+20.9%$1.98B39.0%$75.03B
NDAQ$9.15B+11.5%$2.08B22.8%$60.21B

MRX FAQ

8 questions
  • What is MRX revenue?
    Marex Group Limited (MRX) reported $2.02B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 26.9% from the year before.
  • Is MRX profitable?
    Yes. Marex Group Limited earned $293.90M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 14.5%.
  • How much cash and debt does MRX have?
    Marex Group Limited reported $2.88B in cash and cash equivalents and $200.00M of debt on its most recent balance sheet in SEC filings.
  • How fast is MRX revenue growing?
    Marex Group Limited's revenue changed +26.9% in fiscal 2025, to $2.02B.
  • What is MRX free cash flow?
    Marex Group Limited generated $654.40M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $667.50M less capital expenditures.
  • What is MRX earnings per share?
    Diluted earnings per share were $3.86 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did MRX last report financial results?
    The latest statements here come from Marex Group Limited's 20-F filed on Mar 25, 2026, covering the period ended Dec 31, 2025.
  • Where does this MRX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Marex Group Limited files with the SEC. It is provided for information only and is not investment advice.