StoneX Group Inc. Earnings Recaps
Q3 2026
Aug 10, 2026
StoneX shares declined 13.4% post-earnings, driven largely by investor concern over a notable sequential revenue and net income deceleration despite impressive year-over-year growth, suggesting caution about sustainability and margin pressure in a moderating volatility environment.
Key takeaways
- Net operating revenues grew 47% year-over-year to $719.7 million but declined 13% sequentially from Q2, indicating a slowdown in momentum.
- Net income doubled year-over-year to $127.9 million but fell 27% from the prior quarter, reflecting earnings volatility tied to market conditions.
- While Commercial and Institutional segments showed double-digit revenue growth (19% and 56% respectively), the Payment segment posted a more modest 12% increase.
- Expenses rose 22% year-over-year due partly to recent acquisitions (R.J. O'Brien and Benchmark), impacting cost structure despite some offset from lower professional fees.
- Management highlighted completion of client migrations and FCM consolidation efforts, but the pronounced moderation in volatility suggests challenges ahead for maintaining this growth trajectory.
Q1 2026
Feb 6, 2026
StoneX Group, Inc. reported a robust start to fiscal 2026 with record net operating revenues, net income, and EPS, reflecting strong performance across all business segments.
Key takeaways
- Record net income of $139 million, a 63% year-over-year increase, with diluted EPS rising 48%.
- Operating revenues surged 52% from the previous year to over $1.4 billion, driven by strong growth in listed derivatives and commercial performance, particularly in precious metals.
- The addition of R.J. O'Brien bolstered institutional business growth and broadened product offerings.
- Significant gains in the precious metals segment, with $75 million in income, surpassed the entire previous fiscal year's performance.
- Achieved a return on equity of 22.5%, highlighting robust capital efficiency improvements.
Q4 2025
Nov 26, 2025
StoneX Group Inc. reported robust Q4 FY 2025 results with record net income of $85.7 million, marking a 12% year-over-year increase, driven by impressive revenue growth despite acquisition-related expenses impacting EPS growth.
Key takeaways
- Operating revenues exceeded $1.2 billion, reflecting a 31% year-over-year increase driven mainly by strong performance in listed contracts following the R.J. O'Brien acquisition.
- Full fiscal year net income reached a record $305.9 million, up 17%, with an EPS of $5.89 and a 15.6% return on equity, surpassing the company’s 15% target.
- Fixed compensation costs rose substantially due to acquisitions, contributing to a 24% increase in overall expenses versus the prior year.
- Notable declines were observed in FX/CFD revenues, down 34% year-over-year, highlighting challenges in low volatility environments.