SF Q3 2025 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

Q3 2025 Earnings

Reported November 5, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2025	Q2 2025	Q3 2024	QoQ Change	YoY Change
Revenue	$1.6B	$1.5B	$1.5B	9.8%	10.9%
Op. Income	$286M	$214M	$217M	33.8%	32.0%
Gross Margin	86.8%	85.4%	82.4%	1.4pp	4.4pp
Net Margin	13.1%	10.5%	10.9%	2.5pp	2.2pp
EPS (Diluted)	$1.84	$1.34	$1.34	37.3%	37.3%
Free Cash Flow	$321M	$593M	-$84M	-45.8%	481.8%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$213M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$840M
SG&A Expenses	$840M
Other Expenses	$279M
Operating Expenses	$1.1B
Cost & Expenses	$1.3B
OPERATING INCOME	$286M
Interest Income	$482M
Interest Expense	$205M
Other Income/Expenses	$0
INCOME BEFORE TAX	$286M
Income Tax Expense	$75M
Net Income from Continuing Ops	$211M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$21M
EBIT	$286M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$213M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$840M
SG&A Expenses	$840M
Other Expenses	$279M
Operating Expenses	$1.1B
Cost & Expenses	$1.3B
OPERATING INCOME	$286M
Interest Income	$482M
Interest Expense	$205M
Other Income/Expenses	$0
INCOME BEFORE TAX	$286M
Income Tax Expense	$75M
Net Income from Continuing Ops	$211M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$21M
EBIT	$286M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$211M
Depreciation & Amortization	$21M
Stock-Based Compensation	$26M
Deferred Income Tax	-$12M
Other Non-Cash Items	$205M
Change in Working Capital	-$113M
OPERATING CASH FLOW	$338M
Capital Expenditure	-$17M
Acquisitions (Net)	-$2M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$331M
NET CASH FROM INVESTING	-$354M
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$31M
Common Dividends Paid	-$44M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	$321M
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$103M
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$993M
Goodwill	$1.5B
Intangible Assets	$110M
Long-Term Investments	$32.1B
Tax Assets	$191M
Other Non-Current Assets	$1.8B
TOTAL NON-CURRENT ASSETS	$36.6B
TOTAL ASSETS	$41.7B
Account Payables	$1.5B
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	$30.5B
TOTAL CURRENT LIABILITIES	$33.5B
Long-Term Debt	$672M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$875M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$35.9B
Common Stock	$17M
Additional Paid-In Capital	$1.9B
Retained Earnings	$4.0B
Treasury Stock	-$751M
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$0
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$41.7B
Total Debt	$3.1B
Net Debt	-$531M