v3.26.1
Stock Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Changes in Shares of Class A Common Stock Outstanding
Changes in shares of BGC Class A common stock outstanding for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Shares outstanding at beginning of period369,430 378,134 363,175 374,297 
Share issuances:
Contingent share obligations1
410 376 519 617 
Vesting of RSUs2,016 2,254 5,928 7,078 
Acquisitions— 268 375 642 
Other issuances of BGC Class A common stock1,671 2,487 3,800 4,340 
Restricted stock forfeitures(88)(102)(112)(373)
Treasury stock repurchases2
(10,206)(17,224)(10,452)(20,408)
Shares outstanding at end of period
363,233 366,193 363,233 366,193 
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1Contingent share obligations include shares of BGC Class A common stock issued to terminated employees per their respective separation agreements. Included in contingent share obligations for both the three months ended June 30, 2026 and 2025 are 0.4 million shares of BGC Class A common stock granted in connection with 0.4 million contingent share obligations. Included in contingent share obligations for the six months ended June 30, 2026 and 2025 are 0.5 million shares of BGC Class A common stock granted in connection with 0.6 million contingent share obligations and 0.6 million shares of BGC Class A common stock granted in connection with 0.7 million contingent share obligations, respectively. Because contingent share obligations were included in the Company’s fully diluted share count, if dilutive, settlement of contingent share obligations in connection with the issuance of BGC Class A common stock did not impact the fully diluted number of shares outstanding.
2Treasury stock repurchases include shares withheld for taxes on restricted stock vesting. See “Share Repurchase Program.”
Schedule of Share Repurchases of Class A Common Stock
The tables below represent the shares repurchased for cash or withheld to satisfy tax liabilities due upon the vesting of restricted stock. The share repurchases of BGC Class A common stock during the three and six months ended June 30, 2026 were as follows (in thousands, except for weighted-average price data):
PeriodTotal Number
of Shares
Repurchased		Weighted-Average Price
Paid per Share
Approximate Dollar Value of Shares That Could Be 
Repurchased Under the Program at June 30, 2026
Repurchases1
January 1, 2026—March 31, 2026246 $9.17 
April 1, 2026—April 30, 2026— — 
May 1, 2026—May 31, 20268,401 11.12 
June 1, 2026—June 30, 20261,805 10.51 
Total Repurchases10,452 $10.97 $274,569 
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1During the three months ended June 30, 2026, the Company repurchased 10.2 million shares of BGC Class A common stock for an aggregate price of $112.4 million, at a weighted-average price of $11.01 per share. During the six months ended June 30, 2026, the Company repurchased 10.5 million shares of BGC Class A common stock for an aggregate price of $114.6 million, at a weighted-average price of $10.97 per share.
The share repurchases of BGC Class A common stock during the three and six months ended June 30, 2025 were as follows (in thousands, except for weighted-average price data):
Period
Total Number
of Shares
Repurchased
Weighted-Average Price
Paid per Share
Approximate Dollar Value of Shares That Could Be 
Repurchased Under the Program at June 30, 2025
Repurchases1,2
January 1, 2025—March 31, 20253,184 $9.36 
April 1, 2025—April 30, 20251,097 9.22 
May 1, 2025—May 31, 2025³16,115 9.21 
June 1, 2025—June 30, 202512 9.75 
Total Repurchases20,408 $9.23 $178,389 
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1During the three months ended June 30, 2025, the Company repurchased 17.2 million shares of BGC Class A common stock for an aggregate price of $158.6 million at a weighted-average price of $9.21 per share. These repurchases include 1.1 million restricted shares vested but withheld described in the following footnote. During the six months ended June 30, 2025, the Company repurchased 20.4 million shares of BGC Class A common stock for an aggregate price of $188.4 million at a weighted-average price of $9.23 per share. These repurchases include 1.8 million restricted shares vested but withheld described in the following footnote.
2The three months ended June 30, 2025 include an aggregate of 1.1 million shares withheld to satisfy tax liabilities due upon the vesting of restricted stock. The fair value of restricted shares vested but withheld to satisfy tax liabilities was $10.1 million at a weighted-average price of $9.22 per share. The six months ended June 30, 2025 include an aggregate of 1.8 million shares withheld to satisfy tax liabilities due upon the vesting of restricted stock. The fair value of restricted shares vested but withheld to satisfy tax liabilities was $16.8 million at a weighted-average price of $9.16 per share. The average price paid per share for such share withholdings is based on the closing price per share on the vesting date of the restricted stock or, if such date is not a trading day, the trading day immediately prior to such vesting date.
3See “—Transactions with Other Related Parties” in Note 13—“Related Party Transactions” for further information.