Marex Group plc (NASDAQ:MRX), a diversified global financial services platform, today announced strong results for the quarter ended 30 September 2024.
Reported Profit Before Tax increased by $31.4 million, or 66%, to $79.0 million for Q3 2024, from $47.6m in the same period of 2023 reflecting strong revenue growth at improved operating margins.
Revenue grew by 32% to $391.2 million in Q3 2024 from $296.6 million in the same period in 2023, reflecting a combination of favourable market conditions, strong underlying growth and the benefits of Marex acquisitions.
Net commission income increased by 15% to $202.8 million in Q3 2024 from $176.3 million in Q3 2023. The increase occurred mainly in Agency and Execution, which increased by 21% to $141.9m in Q3 2024 from $117.6m in Q3 2023 reflecting increased customer…
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