CMC Markets raises FY2027 income guidance as B2B platform growth accelerates (CMCX)

Strong institutional demand drives upgraded outlook

CMC Markets (LSE:CMCX) has raised its guidance for FY2027 after reporting rapid growth across its business-to-business trading platform operations, highlighting increasing demand from institutional and financial services partners.

The company now expects net operating income of at least £550 million for FY2027, significantly above its previous guidance range of £460 million to £480 million. At the same time, CMC Markets reaffirmed its operating expense guidance, excluding variable remuneration, at approximately £280 million.

Scalable platform supports higher margins

Management said the improved outlook reflects exceptional growth in the group’s B2B platform business, where its established online and mobile trading infrastructure is supporting a growing network of institutional partnerships.

The company believes the expansion is generating greater operational leverage and improving profit margins while creating a strong pipeline of future opportunities that are expected to deliver additional milestones over the next 12 months. CMC Markets continues to invest in its technology platform and broad product offering as it seeks to strengthen its position across global financial markets.

Strong balance sheet offset by cash flow volatility

CMC Markets’ investment outlook is supported by healthy profitability, a strong balance sheet and relatively low leverage, providing a solid financial foundation for future growth.

Technical indicators also remain constructive, with the shares continuing to trade in an established upward trend. However, an elevated Relative Strength Index (RSI) suggests the stock may be approaching overbought levels, increasing the potential for near-term volatility. While valuation appears reasonable, the cyclical nature of the business limits its overall attractiveness.

More about CMC Markets

CMC Markets is a London-listed online trading and investment services provider founded in 1989. The company serves both retail and institutional clients through regulated operations in 12 countries, with major markets including the UK, Australia, Germany and Singapore. Its online and mobile platforms provide access to more than 12,000 financial instruments, including contracts for difference (CFDs), spread betting in selected markets and stockbroking services in the UK, Australia and Singapore.