CMC Markets (LSE:CMCX) reported a record financial performance for the year ended 31 March 2026, with net operating income increasing 15% to £392.6 million and profit before tax rising 20% to £101.3 million. Reflecting the strength of the results, the board also approved a 21% increase in the full-year dividend.
The group’s performance was supported by strong growth across several business lines, particularly its expanding institutional and business-to-business operations. Record results from the Australian stockbroking division and gains from treasury activities also contributed significantly, highlighting the company’s ongoing success in diversifying earnings away from its traditional retail trading business.
Management noted that the increasing contribution from institutional partnerships and non-trading revenue streams is helping create a more balanced and resilient business model. This strategic shift has become a central component of CMC Markets’ long-term growth strategy.
During the year, the company accelerated the development and rollout of its multi-asset trading platform and its integrated “Super App,” designed to provide customers with access to a broader range of financial products and services through a single interface. CMC also continued to strengthen its technology infrastructure, including further development of digital asset and Web3 capabilities.
The group deepened its collaboration with banking and fintech partners through its neobank API offering, positioning itself to benefit from increasing demand for embedded financial services. Management believes these initiatives place the company at the intersection of traditional financial services and emerging digital finance markets.
Looking ahead, CMC Markets expects the next year to be particularly important as several major strategic partnerships move into operational deployment. These include agreements with Westpac, ASB Bank and an additional Tier 1 financial institution. The company believes these partnerships have the potential to become significant contributors to future growth as customer activity scales across the platform.
Supported by these initiatives, management is targeting net operating income growth of at least 17% in FY2027 while maintaining a disciplined approach to cost management and operational efficiency.
The company’s outlook remains underpinned by strong profitability, robust cash generation and a conservative balance sheet with relatively low leverage. Valuation metrics also appear supportive, with the shares trading on a modest earnings multiple while offering an attractive dividend yield. Although technical indicators remain positive overall, some measures suggest the shares may be approaching overbought levels following recent gains, which could moderate near-term momentum.
More About CMC Markets
CMC Markets is a UK-listed online trading and investing company that has expanded beyond its origins as a retail CFD provider into a diversified financial services platform. The group now offers a broad range of products and services including stockbroking, institutional trading solutions, treasury services, capital markets activities and digital asset infrastructure.
With growing operations in Australia and the UK, alongside partnerships with banks, neobanks and financial institutions globally, CMC Markets is focused on building a multi-asset ecosystem that serves retail, institutional and business-to-business clients across both traditional and emerging financial markets.
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