- CMC Markets saw an 18% increase in average revenue per active customer to £4,685 despite a drop in active traders.
CMC Markets has reported an 18% rise in average revenue per active customer, despite a drop in active traders. The latest annual results show a fall of over 10,000 active customers in FY24, but the average revenue per client increased to £4,685.
This surpasses Plus500 average revenue per client of $3,115 and significantly outperforms Interactive Brokers and Saxo. The company’s net operating income rose by 15% to £332.8 million, beating its March 2023 guidance. Trading revenue also increased by 11% to £259.1 million.
While stockbroking revenue declined due to a weaker Australian dollar, this was offset by a £22.3 million rise in ‘other income.’ In response to financial challenges, CMC undertook a comprehensive cost review, including a headcount reduction of around 220 staff, approximately 18% of the global workforce.
