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Marex Group (MRX) is seeing strong upside this morning following the release of its Q3 revenue and EPS guidance, which has lifted the stock sharply after a roughly 27% decline since the end of July. CEO Ian Lowitt highlighted that the company wanted to proactively address investor questions about Q3 performance given recent stock movements.

• Q3 revenue is estimated at $475-$485 mln, reflecting more than 20% growth yr/yr.
• Clearing Client Balances grew 4% in Q3 to $13.3 bln, continuing a trend of sequential quarterly growth since 1Q24.
• Q3 EPS guidance is $0.92-$0.97, with adjusted profit before tax projected at $96-$101 mln, marking growth of over 20%.
• New client additions have maintained momentum into October, with US client assets surpassing $10 bln, a record high.
• These gains were achieved despite a challenging trading environment, as CME and ICE exchange volumes fell more than 15% on average in Q3 compared with Q2.

Briefing.com Analyst Insight:

MRX’s guidance signals robust operational strength amid a tougher market backdrop. The company is leveraging both organic growth and strategic acquisitions to fuel results, following a strong Q2 in which revenue rose 18.5% yr/yr to $500.1 mln and adjusted profit before tax jumped 16% to a record $106.4 mln. The Agency and Execution segment drove much of this momentum with a 59% revenue surge, reflecting growth in Securities and expanding Prime Services. Meanwhile, Clearing revenue rose 12% in Q2, aided by market volatility and the addition of Aarna Capital Limited in March 2025. Acquisitions remain a core component of MRX’s growth strategy, including Agrinvest in Brazilian agricultural commodities, Hamilton Court Group, and Winterflood Securities, helping the firm diversify and expand its service footprint. Overall, MRX is demonstrating resilience in volatile markets, maintaining sequential balance growth, and successfully integrating acquisitions -- factors that underpin its strong Q3 guidance and ongoing momentum into Q4.