SNEX

MKT CAP:$8B

StoneX Group Inc.

Market Cap

$8B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$104.90+$7.52 (+7.72%)

Apr 23, 2026

Company Details

StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its Commercial segment provides risk management and hedging, exchange-traded and...

CEO

Philip Andrew Smith

IPO Date

Mar 6, 1995

Website

www.stonex.com

Key Metrics TTM

Revenue

$138.7B

+38.8% YoY

Net Income

$359M

EPS (Diluted)

$6.82

Free Cash Flow

-$463M

Revenue / Share

$2,584.77

Gross Margin

2.0%

Operating Margin

1.5%

Net Margin

0.3%

FCF Margin

-0.3%

P/S

0.1x

P/E

23.5x

Earnings Reports

Q2 2026

May 6, 2026

PENDING

Q1 2026

Feb 4, 2026

$39.0B+39.7%EPS $2.50

FY 2025

Nov 28, 2025

$132.4B+32.5%EPS $5.89

Q3 2025

Aug 6, 2025

$34.8B+28.7%EPS $1.22

Q2 2025

May 7, 2025

$36.9B+66.9%EPS $1.41

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$14.3B	$165M	$314M
Q2 22	$16.4B	$215M	$400M
Q3 22	$18.9B	$229M	$374M
Q4 22	$16.4B	$272M	$388M
Q1 23	$13.0B	$371M	$242M
Q2 23	$16.2B	$401M	$399M
Q3 23	$15.0B	$465M	$436M
Q4 23	$16.6B	$378M	$404M
Q1 24	$19.6B	$477M	$346M
Q2 24	$22.1B	$499M	$342M
Q3 24	$27.1B	$572M	$412M
Q4 24	$31.1B	$461M	$430M
Q1 25	$27.9B	$601M	$440M
Q2 25	$36.9B	$591M	$431M
Q3 25	$34.8B	$650M	$480M
Q1 26	$39.0B	$895M	$677M

Valuation

Quarter	P/S	P/E
Q1 22	0.2x	60.9x
Q2 22	0.2x	57.3x
Q3 22	0.1x	52.0x
Q4 22	0.1x	40.7x
Q1 23	0.1x	34.8x
Q2 23	0.1x	38.4x
Q3 23	0.1x	35.1x
Q4 23	0.1x	35.3x
Q1 24	0.1x	36.5x
Q2 24	0.1x	34.8x
Q3 24	0.1x	35.9x
Q4 24	0.1x	32.3x
Q1 25	0.1x	30.5x
Q2 25	0.1x	28.5x
Q3 25	0.1x	28.4x
Q1 26	0.1x	23.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$600M	-$608M
Q2 22	$2.7B	$2.7B
Q3 22	-$2.6B	-$2.6B
Q4 22	$267M	$255M
Q1 23	$1.0B	$1.0B
Q2 23	-$1.6B	-$1.7B
Q3 23	$208M	$198M
Q4 23	$371M	$357M
Q1 24	$152M	$140M
Q2 24	$784M	$767M
Q3 24	-$622M	-$641M
Q4 24	$193M	$176M
Q1 25	-$478M	-$491M
Q2 25	-$155M	-$170M
Q3 25	$1.5B	$1.5B
Q1 26	-$1.3B	-$1.3B

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$17M
Q3 22	$13M
Q4 22	$12M
Q1 23	$11M
Q2 23	$11M
Q3 23	$10M
Q4 23	$14M
Q1 24	$13M
Q2 24	$17M
Q3 24	$18M
Q4 24	$17M
Q1 25	$14M
Q2 25	$15M
Q3 25	$16M
Q1 26	$15M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+55.0%	+56.0%
Q2 22	+45.7%	+46.5%
Q3 22	+85.7%	+87.6%
Q4 22	+38.3%	+38.1%
Q1 23	-9.3%	-9.0%
Q2 23	-1.4%	-1.4%
Q3 23	-20.5%	-21.3%
Q4 23	+1.6%	+1.5%
Q1 24	+50.4%	+50.6%
Q2 24	+36.8%	+38.1%
Q3 24	+79.9%	+82.4%
Q4 24	+87.2%	+89.2%
Q1 25	+42.7%	+43.0%
Q2 25	+66.9%	+67.5%
Q3 25	+28.7%	+28.9%
Q1 26	+25.3%	+24.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	0.0%
Q2 22	$4M	0.0%
Q3 22	$5M	0.0%
Q4 22	$5M	0.0%
Q1 23	$6M	0.0%
Q2 23	$9M	0.1%
Q3 23	$6M	0.0%
Q4 23	$7M	0.0%
Q1 24	$8M	0.0%
Q2 24	$9M	0.0%
Q3 24	$11M	0.0%
Q4 24	$9M	0.0%
Q1 25	$11M	0.0%
Q2 25	$11M	0.0%
Q3 25	$13M	0.0%
Q1 26	$14M	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$28M	$11M
Q2 22	$30M	$14M
Q3 22	$51M	$16M
Q4 22	$31M	$14M
Q1 23	$53M	$13M
Q2 23	$74M	$14M
Q3 23	$58M	$14M
Q4 23	—	$13M
Q1 24	$54M	$12M
Q2 24	$76M	$16M
Q3 24	$76M	$13M
Q4 24	—	$13M
Q1 25	$75M	$12M
Q2 25	$74M	$13M
Q3 25	$82M	$13M
Q1 26	$96M	$14M

Revenue Segments

Quarter	Advisory and Consulting Fees	Agricultural And Energy Product Trading	Asset Management	Clearing Service	Client Account Fees	Commission and Clearing Fees	Consulting, Management And Account Fees	Equities and Fixed Income Commissions	Exchange-Traded Futures and Options	Insurance Annuity Trailing Commissions	Mutual Fund Sales Based Commissions	Mutual Fund Trailing Commissions	OTC Derivative Brokerage	Other Commission And Clearing Fees	Other Consulting, Management, and Account Fees	Other Sales Based Commissions	Precious Metals Retail Sales	Precious Metals Trading	Sales Based Commissions	Sweep Program Fees	Trade Conversion Fees	Trailing Commissions	Underwriting Fees	Variable Annuity
Q1 22	$8M	$823M	$11M	$36M	$4M	$116M	$24M	$15M	$45M	$4M	$1M	$4M	$4M	$1M	$2M	$800.0K	$780M	$12.3B	$68M	$500.0K	$2M	$8M	$200.0K	$3M
Q2 22	$8M	$846M	$11M	$41M	$4M	$138M	$25M	$17M	$58M	$4M	$1M	$4M	$5M	$2M	$2M	$900.0K	$807M	$14.2B	$84M	$500.0K	$4M	$8M	$100.0K	$2M
Q3 22	$8M	$927M	$12M	$39M	$4M	$127M	$28M	$15M	$53M	$4M	$1M	$3M	$4M	$2M	$2M	$600.0K	$696M	$16.8B	$76M	$3M	$3M	$7M	$100.0K	$2M
Q4 22	$8M	$1.1B	$10M	$37M	$4M	$126M	$34M	$16M	$55M	$4M	$700.0K	$3M	$4M	$2M	$2M	$800.0K	$705M	$14.1B	$78M	$10M	$3M	$7M	$100.0K	$2M
Q1 23	$9M	$1.1B	$11M	$36M	$4M	$118M	$40M	$15M	$49M	$4M	$600.0K	$3M	$4M	$2M	$5M	$1M	$789M	$10.5B	$71M	$11M	$2M	$7M	$200.0K	$2M
Q2 23	$9M	$1.1B	$11M	$40M	$4M	$131M	$41M	$16M	$55M	$4M	$900.0K	$3M	$5M	$2M	$4M	$1M	$746M	$13.7B	$80M	$13M	$2M	$7M	$100.0K	$3M
Q3 23	$8M	$991M	$12M	$39M	$4M	$127M	$39M	$14M	$58M	$4M	$700.0K	$3M	$2M	$2M	$3M	$2M	$815M	$12.5B	$78M	$12M	$2M	$7M	$200.0K	$2M
Q3 24	$12M	—	$13M	$47M	$5M	$143M	$45M	$18M	$59M	$4M	$800.0K	$3M	$3M	$2M	$4M	—	$384M	$25.0B	$83M	$11M	$3M	$7M	$100.0K	$2M
Q2 25	$9M	—	$14M	$48M	$7M	$164M	$44M	$15M	$71M	$4M	$800.0K	$4M	$3M	$12M	$3M	$400.0K	$612M	$34.2B	$93M	$11M	$3M	$8M	$200.0K	$3M
Q3 25	$8M	—	$17M	$49M	$7M	$166M	$46M	$17M	$73M	$4M	$700.0K	$3M	$3M	$11M	$3M	$300.0K	$639M	$32.1B	$96M	$11M	$3M	$7M	$300.0K	$3M
Q1 26	$13M	—	$16M	$79M	$22M	$305M	$76M	$34M	$172M	$4M	$800.0K	$4M	$3M	$2M	$3M	$100.0K	$819M	$35.7B	$214M	$11M	$2M	$8M	$12M	$3M

Revenue by Geography

Quarter	Europe	Middle East and Asia	Other (geographic location)	South America	United States
Q1 22	$885M	$12.3B	$2M	$18M	$1.1B
Q2 22	$934M	$14.2B	$2M	$24M	$1.2B
Q3 22	$813M	$16.8B	$3M	$22M	$1.3B
Q4 22	$809M	$14.1B	—	$24M	$1.5B
Q1 23	$915M	$10.5B	—	$62M	$1.6B
Q2 23	$912M	$13.7B	—	$57M	$1.5B
Q3 23	$1.0B	$12.5B	—	$66M	$1.4B
Q4 23	$657M	$14.3B	—	$87M	$1.6B
Q1 24	$658M	$17.2B	—	$128M	$1.6B
Q2 24	$560M	$20.0B	—	$105M	$1.4B
Q3 24	$619M	$24.9B	—	$119M	$1.4B
Q4 24	$521M	$28.9B	—	$104M	$1.6B
Q1 25	$783M	$25.3B	—	$168M	$1.7B
Q2 25	$840M	$34.0B	—	$142M	$1.9B
Q3 25	$900M	$31.9B	—	$107M	$1.9B
Q1 26	$1.2B	$35.3B	—	$196M	$2.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.3B	$0	$1.3B
Q3 22	$1.4B	$0	$1.4B
Q4 22	$1.1B	$0	$1.1B
Q1 23	$1.3B	$0	$1.3B
Q2 23	$1.3B	$0	$1.3B
Q3 23	$1.4B	$0	$1.4B
Q4 23	$1.1B	$0	$1.1B
Q1 24	$1.2B	$0	$1.2B
Q2 24	$1.3B	$0	$1.3B
Q3 24	$1.2B	$0	$1.2B
Q4 24	$1.3B	$0	$1.3B
Q1 25	$1.4B	$0	$1.4B
Q2 25	$1.3B	$0	$1.3B
Q3 25	$1.3B	$0	$1.3B
Q4 25	$1.6B	$0	$1.6B
Q1 26	$1.6B	$0	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	45M	+0.5%	+2.0%
Q2 22	45M	+0.8%	+1.7%
Q3 22	45M	+0.5%	+1.3%
Q4 22	46M	+1.2%	+3.0%
Q1 23	46M	+0.7%	+3.2%
Q2 23	46M	+0.6%	+3.0%
Q3 23	46M	+0.2%	+2.7%
Q4 23	47M	+0.5%	+2.0%
Q1 24	47M	+0.5%	+1.7%
Q2 24	47M	+0.7%	+1.8%
Q3 24	48M	+0.8%	+2.5%
Q4 24	48M	+0.8%	+2.8%
Q1 25	49M	+1.4%	+3.7%
Q2 25	49M	+1.5%	+4.5%
Q3 25	50M	+1.2%	+4.9%
Q1 26	54M	+7.4%	+11.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$4M	3K
Q2 22	$5M	3K
Q3 22	$6M	3K
Q4 22	$5M	4K
Q1 23	$4M	4K
Q2 23	$4M	4K
Q3 23	$4M	4K
Q4 23	$4M	4K
Q1 24	$5M	4K
Q2 24	$6M	4K
Q3 24	$7M	4K
Q4 24	$7M	5K
Q1 25	$6M	5K
Q2 25	$8M	5K
Q3 25	$8M	5K
Q1 26	$7M	5K

Revenue / Employee