Market reaction and price move
Shares of CMC Markets surged 23.6% to trade at 566p today after the company issued a substantially higher profit outlook for FY2027. The stock reached an intraday peak of 575.52p, surpassing its prior 52-week high and confirming a breakout from a trading range that began at a 52-week low of 203p.
Revised guidance details
In its guidance update, management raised the FY2027 net operating income target to at least 50 million, a significant increase compared with the 460380 million range set just weeks earlier. The company also published a new EBITDA target of 250 million for the upcoming year.
Recent operational performance
The guidance upgrade follows a strong FY2026 reporting season. Net operating income rose 15% to 392.6 million, while profit before tax increased 20% to 101.3 million. Management attributed the improved outlook to accelerating momentum across institutional and business-to-business channels and a standout performance in its Australian stockbroking division.
Drivers cited by management
Leadership pointed to growing institutional and B2B arrangements as a primary underpinning of confidence in the higher FY2027 targets. The company named integrations with Revolut, Westpac, and ASB Bank as examples of those partnerships, and noted that the Australian stockbroking business delivered a record year.
Analyst context and market interpretation
Analysts had previously observed that the initial FY2027 guidance range implied the need for meaningful consensus upgrades. The subsequent, larger uplift therefore had an outsized impact on investor expectations. Taken together, the combination of a large company-specific profit upgrade, visible institutional revenue streams, and an articulated multi-year growth path drove the sharp share-price move.
Broader significance
With the shares trading at a fresh record intraday high and the 52-week low remaining more than 60% below current levels, the market reaction reflects a material reassessment of CMC Markets' near-term earnings trajectory.
Note: All figures and statements above are taken directly from company guidance and reported FY2026 results.