Ashutosh Sureka

CMC Markets sees 2027 operating income above market expectations

CMC Markets sees 2027 operating income above market expectations
CMC Markets outperforms forecasts

Higher market volatility is supporting trading activity for CMC Markets across both its direct-to-consumer and business-to-business operations. The UK trading platform says 2027 net operating income is set to come in above analyst expectations, even as a remediation charge in Australia weighs on its latest annual profit.

Highlights

  • CMC Markets forecasts 2027 net operating income of £460 million–£480 million, exceeding analyst expectations of £385.5 million, driven by elevated trading activity from market volatility.
  • For the year ended March 31, 2026, CMC Markets reported pretax profit of £101.3 million, falling short of the £106.7 million estimate due to an Australian regulatory remediation charge.
  • Strong client activity across both the consumer and business-to-business divisions is offset by one-off regulatory costs in Australia, highlighting earnings risks despite robust revenues.

2027 income outlook and annual results

As reported by Reuters, CMC Markets forecasts 2027 net operating income of between £460 million and £480 million. That is above company-compiled analyst expectations of £385.5 million, with the firm pointing to robust trading activity linked to rising market volatility.

For the year ended March 31, 2026, the company posts pretax profit of £101.3 million. That comes in below expectations of £106.7 million after a remediation charge in Australia tied to an industry-wide regulatory review.

Volatility boosts trading, Australia charge pressures profit

The outlook suggests CMC Markets is benefiting from unsettled markets that are driving client activity in its core trading businesses. The company says that strength spans both its consumer-facing platform and its business-to-business division.

At the same time, the Australian remediation cost highlights the regulatory risks that can affect earnings even when revenue conditions improve. The contrast between stronger forward income guidance and softer reported annual profit underscores how one-off charges continue to shape performance in the trading platform sector.

Our earlier article on the UK’s retreat from tighter audit regulation explained that the government dropped long-planned reforms to strengthen the Financial Reporting Council, easing pressure after years of tougher oversight. We noted that this shift has reinforced the Big Four’s dominance and pricing power, with audit fees rising sharply even as regulatory scrutiny increasingly shifts toward firms outside the top tier.

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