Canaccord Genuity Group Announces Third Quarter Fiscal 2026 Results
TORONTO, Ontario — February 13, 2026 — Leads & Copy —
Canaccord Genuity Group Inc. (TSX: CF) has reported its financial results for the third fiscal quarter and nine months ended December 31, 2025, with quarterly earnings per common share at $0.36, excluding significant items.
Dan Daviau, Chairman and Chief Executive Officer of Canaccord Genuity Group Inc., noted that the third fiscal quarter benefited from strong investment banking activity, especially in Australia, where metals and mining markets were active due to record gold prices. He added that this environment also boosted transaction-based revenue in the Company’s Canadian and Australian wealth management operations, contributing to client asset growth. During the quarter, the company completed its acquisition of Wilsons Advisory in Australia and CRC-IB, bolstering capabilities in renewable energy.
The company reported third quarter revenue of $616.1 million, a 36.5% increase year-over-year and the second-highest quarterly revenue on record. Nine-month fiscal year-to-date revenue reached $1.6 billion, a 21.9% increase from the first nine months of fiscal 2025.
Global capital markets revenue increased 42.8% year-over-year to $300.8 million, primarily due to higher investment banking and commissions & fees revenue. Fiscal year-to-date revenue in this division increased 21.9% year-over-year to $753.7 million.
Capital markets investment banking revenue increased 170.0% year-over-year to $154.3 million, with the Australian business contributing 59.2% of the increase, driven by metals and mining new issues.
Global wealth management operations achieved record quarterly revenue of $304.3 million and nine-month year-to-date revenue of $816.6 million, reflecting year-over-year improvements of 30.4% and 22.6%, respectively. The growth in the Australian wealth management business includes contributions from the acquisition of Wilsons Advisory.
Total client assets in the global wealth management division increased by 25.9% year-over-year to $144.8 billion. This growth includes year-over-year increases of 24.7% in Canada, 15.6% in the UK & Crown Dependencies, and 114.0% in Australia. The acquisition of Wilsons Advisory contributed approximately $6.7 billion of client assets and $16.1 million of third quarter revenue in the Australian wealth management business.
Third quarter net income before taxes was $80.5 million, a 102.5% year-over-year increase. Canaccord Genuity Group’s global wealth management division contributed net income before taxes of $57.1 million in the third quarter of fiscal 2026, a 57.5% year-over-year increase. The global capital markets division contributed $51.5 million, a 248.2% increase.
Nine-month year-to-date net income before taxes reached $173.7 million, a 48.6% increase. Diluted earnings per common share for the third fiscal quarter were $0.36 per share, up 111.8% from the prior year. Diluted earnings per share for the first nine months of fiscal 2026 were $0.78, a 59.2% increase.
On an IFRS basis, revenue of $637.9 million in Q3/26 increased 41.4% year-over-year. Net income before taxes for the third quarter was $64.2 million, compared to a pre-tax loss of $5.2 million in Q3/25. Diluted earnings per common share were $0.18, compared to a diluted loss per common share of $0.26 in Q3/25.
For the nine months ended December 31, 2025, IFRS revenue was $1.6 billion, a 24.0% increase year-over-year. Year-to-date net loss before taxes was $106.2 million, compared to net income before taxes of $35.2 million for the first nine months of fiscal 2025. Diluted loss per common share was $2.17, compared to a diluted loss per common share of $0.29 over the comparative period.
The company declared a third quarter common share dividend of $0.085 per share.
An update was also provided on media speculation regarding UK wealth management operations. On October 17, 2025, the Company issued a statement regarding potential transaction involving its U.K. Wealth Management business (“CGWM UK”). The Company continues to assess options for this business, considering the rights of its strategic and financial minority partner, market conditions, and other industry factors. There is no assurance that any discussions will result in a transaction, or that any such transaction would occur at valuations implied by recent market and transaction activity.
Core Business Performance:
Canaccord Genuity Wealth Management reported record quarterly revenue of $304.3 million for the third fiscal quarter, a 30.4% increase. This was mainly due to higher commissions & fees revenue of $239.9 million, up 31.5% year-over-year. Consolidated wealth management revenue amounted to $816.6 million year-to-date, a 22.6% increase. Net income before taxes excluding significant items increased by 57.5% to $57.1 million during Q3/26 and by 39.3% to $150.0 million for the nine-month period.
Wealth management operations in the UK & Crown Dependencies generated third quarter revenue of $130.4 million, a 12.6% increase, marking the ninth consecutive quarter of record revenue. Net income before taxes excluding significant items reached $27.2 million. For the nine months ended December 31, 2025, revenue increased by 16.0% to $385.4 million, and net income before taxes excluding significant items increased by 19.0% to $87.3 million. Normalized EBITDA was £22.9 million for the three months ended December 31, 2025 and £66.4 million for the first nine months of fiscal 2026.
Canaccord Genuity Wealth Management (North America) generated record quarterly revenue of $124.1 million, a 28.7% increase, mainly driven by higher commissions & fees and investment banking revenue. Net income before taxes, excluding significant items, was $23.0 million. For the nine months ended December 31, 2025, revenue increased by 20.3% to $330.1 million, and net income before taxes excluding significant items was $50.7 million. Normalized EBITDA in this business was $29.7 million for the three months ended December 31, 2025 and $70.1 million for the first nine months of fiscal 2026.
Wealth management operations in Australia generated record quarterly revenue of $49.9 million, a 134.9% increase, with $16.1 million attributable to the acquisition of Wilsons Advisory. Net income before taxes excluding significant items amounted to $6.9 million. For the nine months ended December 31, 2025, revenue increased by 70.3% to $101.2 million, and net income before taxes excluding significant items increased by 201.8% to $12.0 million.
Total client assets in the Company’s global wealth management division at the end of the third fiscal quarter amounted to a record $144.8 billion, a 25.9% increase.
Client assets in the UK & Crown Dependencies reached a new record of $74.6 billion as at December 31, 2025, a 15.6% increase. Client assets in North America reached a new record of $52.8 billion as at December 31, 2025, a 24.7% increase. Client assets in Australia reached a new record of $17.4 billion as at December 31, 2025, a 114.0% increase.
Canaccord Genuity Capital Markets reported revenue excluding significant items of $300.8 million for the third fiscal quarter, a 42.8% increase, primarily due to stronger investment banking activities and higher commissions & fees revenue. Investment banking revenue of $154.3 million improved by 170.0% compared to Q3/25. Fiscal year-to-date, Canaccord Genuity Capital Markets participated in 348 investment banking transactions globally, raising total proceeds of $47.5 billion. Advisory revenue of $64.9 million decreased by 8.7% compared to Q3/25. Trading revenue decreased by 47.7% year-over-year to $18.4 million. Commissions & fees revenue increased by 42.0% year-over-year, to $53.7 million. Excluding significant items, the global capital markets division recorded net income of $51.5 million for the quarter compared to $14.8 million in the same period a year ago. For the nine months ended December 31, 2025, net income excluding significant items was $82.6 million, a 93.1% increase.
Corporate Developments:
On October 1, 2025, the Company completed its acquisition of Wilsons Advisory. Subsequent to the end of the third fiscal quarter, the Company’s holding company for its Australian operations commenced a rights offering of its ordinary shares, which is expected to close in the fourth quarter of fiscal 2026.
On November 7, 2025, the Company completed the sale of its U.S. wholesale market making business.
On November 13, 2025, the Company disclosed that it had increased its provision to reflect its current estimate of potential monetary penalties related to its previously disclosed U.S. regulatory enforcement matters.
Subsequent to the end of the third fiscal quarter, on January 14, 2026, the Company announced that it has acquired Carbon Reduction Capital, LLC.
The Board of Directors approved a dividend of $0.085 per common share, payable on March 10, 2026, with a record date of February 27, 2026. The Board also approved cash dividends for Series A and Series C Preferred Shares, payable on March 31, 2026, to shareholders of record as at March 20, 2026.
Through its principal subsidiaries, Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm, with operations in wealth management and capital markets. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company’s international capital markets division operates in North America, the UK & Europe, Asia, and Australia.
Canaccord Genuity Group Inc. is listed under the symbol CF on the TSX.
Source: Canaccord Genuity Group Inc.
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