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FXCM Inc. Announces Third Quarter 2012 Results

FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange, or FX, trading and related services, today announced for the quarter ended September 30, 2012, revenues under US GAAP of $115.0 million, compared to $109.0 million for the quarter ended September 30, 2011, an increase of 5%. Adjusted Pro Forma EBITDA for the Third Quarter 2012 was $37.2 million, compared to $31.4 million for the Third Quarter 2011, an increase of 18%. Adjusted Pro Forma Net Income was $12.5 million for the Third Quarter 2012, compared to $17.1 million for the Third Quarter 2011, a decrease of 27%. Adjusted Pro Forma Cash Net Income was $22.9 for the Third Quarter 2012, compared to $27.4 million for the Third Quarter 2011, a decrease of 16%. Adjusted Pro Forma fully diluted earnings per share for the Third Quarter 2012 was $0.17 on a fully exchanged, fully diluted basis compared to $0.23 for the Third Quarter 2011, a decrease of 26%. Adjusted Pro Forma fully diluted cash earnings per share for the Third Quarter 2012 was $0.31 on a fully exchanged, fully diluted basis compared to $0.37 for the Third Quarter 2011, a decrease of 16%. U.S. GAAP net income was $4.5 million for the Third Quarter 2012, compared to $3.4 million for the Third Quarter 2011, an increase of 33%. U.S. GAAP earnings per share for the Third Quarter 2012 was $0.17 per fully diluted Class A share, compared to $0.21 per fully diluted Class A share for the Third Quarter 2011, a decrease of 19%.

β€œFXCM turned in a solid quarter despite the continued low volatility of the global FX markets and subdued trading environment,” said Drew Niv, Chief Executive Officer. β€œIn addition, our cash generation in the quarter was particularly strong and we earned $37.2 million in EBITDA and $0.31 in cash earnings per share.”

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