SNEX
StoneX Group Inc.97.10
+0.86+0.89%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms script, details metals drivers
Q&A largely reaffirmed prepared remarks on record results from RJO acquisition and precious metals boom, adding color that metals strength derived mainly from StoneX Bullion retail surge and global arbitrage rather than RJO cross-sell. Integration on track for $50M cost synergies with no upside signaled yet; cross-sell notched small wins like introducing FX to RJO clients. Institutional securities rate per million normalized around 300 after dip. Volatility boosts activity, but extremes stress clients. Cross-sell builds slowly. Watch metals trends and regional bank traction.
Key Stats
Market Cap
5.07BP/E (TTM)
16.49Basic EPS (TTM)
5.89Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
Q1 FY2026 results
StoneX crushed Q1 FY2026 with operating revenues up 52% y/y to $1,438.2M, fueled by metals volatility and RJO's first full quarter adding $201M. Net operating revenues jumped 47% y/y to $724.4M while net income soared 63% y/y to $139.0M ($2.50 diluted EPS, confirmed vs. 53.7M shares). Commercial led with 82% operating revenue growth from listed derivatives and physical precious metals; Institutional gained 60% on securities and clearing. Cash dipped to $1,592.7M q/q yet equity hit $2,522.2M; total debt $1,648.4M includes $1,159.6M senior secured notes (7.875% due 2031, 6.875% due 2032). Acquisitions like Intercam and Plantureux added goodwill. Client defaults loom amid volatility.
8-K
Record Q1, stock split approved
StoneX Group crushed Q1 fiscal 2026 with record net operating revenues of $724.4 million, up 47%, and net income of $139.0 million, yielding 22.5% ROE. Commercial and Institutional segments surged 82% and 60%, fueled by RJO acquisition and metals/securities strength. Board approved three-for-two stock split, record date March 10, trading split-adjusted March 23. Split broadens access.
10-K
FY2025 results
StoneX Group Inc. delivered FY2025 results for the fiscal year ended September 30, 2025, posting record operating revenues up 20% y/y to $4.13B and net income up 17% to $306M, with diluted EPS of $5.89. Q4 momentum accelerated across segments, led by Institutional's 45% segment income surge from equity trading and prime brokerage, while RJO and Benchmark acquisitions (closed July 31) boosted listed derivatives volumes 11% y/y and client equity 25%. Margins held firm despite lower short-term rates and tariff disruptions in precious metals; liquidity stayed robust with $1.9B debt (including $625M Notes due 2032) and $1.7B committed facilities. No annual guidance disclosed. Yet regulatory scrutiny risks quarterly momentum.
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