Segment, Geographic and Product Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment, Geographic and Product Information

Segment, Geographic and Product Information

Segment Information

The Company currently operates in one reportable segment, brokerage services. BGC provides or has provided brokerage services to the financial markets, through integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income securities (Rates and Credit), FX, Energy and Commodities, Equities, and Futures and Options. BGC also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions. On November 1, 2021, the Company sold its Insurance brokerage business to The Ardonagh Group (see Note 5— “Divestitures”).

Geographic Information

The Company offers products and services in the U.K., U.S., Asia (including Australia), Other Europe, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Revenues:
U.K.	$	730,753	$	647,916	$	835,371
U.S.	652,898		542,744		517,269
Asia	275,209		271,678		301,489
Other Europe/MEA	201,461		172,376		200,409
France	90,774		92,649		99,933
Other Americas	74,306		67,939		60,893
Total revenues	$	2,025,401	$	1,795,302	$	2,015,364

Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; ROU assets; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas is as follows (in thousands):

	Year Ended December 31,
	2023		2022
Long-lived assets:
U.S.	$	792,923	$	787,321
U.K.	411,631		401,823
Asia	91,643		76,870
Other Europe/MEA	66,259		46,413
France	22,647		13,019
Other Americas	19,182		17,736
Total long-lived assets	$	1,404,285	$	1,343,182

Product Information

The Company’s business is based on the products and services provided and reflects the manner in which financial information is evaluated by management.

The Company specializes in the brokerage of a broad range of products, including fixed income securities (Rates and Credit), FX, Energy and Commodities, Equities, and Futures and Options. The Company also provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions. On November 1, 2021, the Company sold its Insurance brokerage business to The Ardonagh Group (see Note 5—“Divestitures”).

Product information regarding revenues is as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Revenues:
Rates	$	610,451	$	549,503	$	558,507
Energy and Commodities	386,206		291,665		296,458
FX	314,706		299,721		301,328
Credit	284,744		271,419		287,608
Equities	236,517		234,493		247,673
Insurance1	—		—		178,087
Total brokerage revenues	$	1,832,624	$	1,646,801	$	1,869,661
All other revenues	192,777		148,501		145,703
Total revenues	$	2,025,401	$	1,795,302	$	2,015,364

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1On November 1, 2021, the Company sold its Insurance Brokerage business to The Ardonagh Group (see Note 5—“Divestitures”).