Notes Payable and Other Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Notes Payable, Other and Short-term Borrowings

Notes payable and other borrowings consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Unsecured senior revolving credit agreement	$	234,422	$	237,686




BGC Group 8.000% Senior Notes due May 25, 2028	345,771		345,387
BGC Partners 8.000% Senior Notes due May 25, 2028	2,264		2,262
BGC Group 6.600% Senior Notes due June 10, 2029	497,049		496,548
BGC Group 6.150% Senior Notes due April 2, 2030	694,548		693,822



Total Notes payable and other borrowings1, 2	$	1,774,054	$	1,775,705

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1The Company was in compliance with all debt covenants, as applicable, as of both June 30, 2026 and December 31, 2025.

2Presented net of deferred financing costs, which are recorded in the Company’s unaudited Condensed Consolidated Statements of Financial Condition as a direct reduction of the Notes payable and other borrowings. As of June 30, 2026 and December 31, 2025, total deferred financing costs were $15.4 million and $13.8 million, respectively.

Schedule of Carrying Amounts and Estimated Fair Values of Company's Senior Notes

The BGC Group Notes and BGC Partners Notes are recorded at amortized cost. The carrying amounts and estimated fair values of the BGC Group Notes and BGC Partners Notes were as follows (in thousands):


	June 30, 2026				December 31, 2025
	Carrying Amount		Fair Value		Carrying Amount		Fair Value


BGC Group 8.000% Senior Notes due May 25, 2028	$	345,771	$	363,118	$	345,387	$	371,490
BGC Partners 8.000% Senior Notes due May 25, 2028	2,264		2,377		2,262		2,432
BGC Group 6.600% Senior Notes due June 10, 2029	497,049		516,306		496,548		522,825
BGC Group 6.150% Senior Notes due April 2, 2030	694,548		715,456		693,822		726,721
Total	$	1,539,632	$	1,597,257	$	1,538,019	$	1,623,468