StoneX(SNEX)
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Looking for a Growth Stock? 3 Reasons Why StoneX Group (SNEX) is a Solid Choice
ZACKS· 2026-02-10 18:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...
StoneX Group Q1 Earnings Call Highlights
Yahoo Finance· 2026-02-06 06:36
Core Insights - StoneX Group reported a very strong start to fiscal 2026, achieving record net operating revenues, net income, and earnings per share for the quarter ended December 31, 2025 [4][7] Financial Performance - Operating revenues totaled just over $1.4 billion, reflecting a 52% increase year-over-year and a 20% increase sequentially [1] - Net operating revenues increased 47% year-over-year and 24% sequentially [1] - The company posted record net income of $139 million and diluted EPS of $2.50, with net income rising 63% year-over-year and EPS increasing 48% [3][7] - Return on equity was reported at 22.5%, with a book value per share of $48.17 [2][7] Business Segments and Growth Drivers - Growth was primarily driven by listed derivatives, which saw revenues rise by $157.3 million year-over-year, including $130.7 million from the R.J. O'Brien acquisition [6][8] - Precious metals segment generated $75 million in income, with revenues increasing by $83.9 million [6][10] - Operating revenues from OTC derivatives climbed 72% year-over-year, while physical contracts saw a 69% increase [8] Integration and Synergies - The integration of R.J. O'Brien and Benchmark contributed pre-tax net income of $28.5 million and $4.6 million, respectively [5][14] - Management affirmed expected synergies of $50 million, with milestones anticipated later in fiscal 2026 [5][17] - The U.K. consolidation released $20 million in capital, with further consolidations planned [16] Client Activity and Market Position - Average client equity increased by 100%, with R.J. O'Brien contributing $5.8 billion in average client equity during the quarter [9] - StoneX's precious metals operation is described as an "ecosystem," providing various services including OTC liquidity and logistics for physical metal [11][12] Stock Actions - The board approved a 3-for-2 stock split, with shares expected to be distributed on March 20, 2026 [22]
StoneX(SNEX) - 2026 Q1 - Earnings Call Transcript
2026-02-05 15:02
Financial Data and Key Metrics Changes - The company reported record net income of $139 million and diluted earnings per share (EPS) of $2.50, representing a 63% growth in net income and a 48% growth in EPS year-over-year [11][38] - Operating revenues exceeded $1.4 billion, up 52% compared to the prior year and up 20% from the previous quarter [12] - Total fixed compensation and other expenses increased by $75.6 million or 31% year-over-year, with $44.4 million attributed to the acquisition of R.J. O'Brien [12][13] Business Line Data and Key Metrics Changes - The commercial segment's net operating revenues increased by 65%, driven by growth in listed and OTC derivatives [21] - The institutional segment reported record net operating revenues and segment income, with growth of 86% and 78% respectively, primarily due to a $54.9 million increase in securities revenues [22] - The self-directed retail segment saw a decline in net operating revenues by 34% and segment income down 67%, largely due to a 41% decline in rate per million captured in FX CFD contracts [23] Market Data and Key Metrics Changes - Operating revenues derived from physical contracts increased by 69% year-over-year, primarily driven by an increase in precious metals operating revenues [17] - Average client equity and average money market FDIC sweep client balances increased by 100% and 5% respectively [18] - Payments revenues were down 4% year-over-year but up 7% compared to the previous quarter, primarily due to an increase in average daily volume [18] Company Strategy and Development Direction - The company aims to leverage its diversified product offerings and global footprint to capture growth opportunities across various markets [5][10] - The integration of R.J. O'Brien is expected to enhance cross-selling opportunities and expand the company's capabilities in the financial services sector [27][28] - The company is focusing on expanding its global hedging business and enhancing its digital platforms to improve client engagement and operational efficiency [30][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capitalizing on current market volatility due to the company's diverse offerings and strong balance sheet [38] - The company benefits from increased market volatility but is cautious about extreme volatility that could negatively impact clients [54][55] - Management remains optimistic about the potential for revenue growth from regional banks and the integration of new capabilities from the R.J. O'Brien acquisition [66][70] Other Important Information - The company announced a 3-for-2 stock split of its common stock, which will be effective after the close of trading on March 20, 2026 [25][26] - The integration of R.J. O'Brien is on track, with significant capital released from the consolidation of entities [28] Q&A Session Summary Question: How much of the strength in physical trading came from cross-selling RJO clients? - Management indicated that the strength was primarily driven by heightened interest in precious metals rather than from traditional R.J. O'Brien clients [42] Question: Are cost synergies from the RJO acquisition on track? - Management confirmed that they are still affirming the $50 million figure for cost synergies, with expectations for continued progress throughout the fiscal year [46] Question: What is the outlook for the institutional segment and rate per million? - Management noted that the institutional segment is still in early stages of expansion, with a more normalized rate per million expected moving forward [49][72] Question: How is the health of the customer post-quarter? - Management stated that while they benefit from increased volatility, extreme volatility can stress clients, and they focus on maintaining strong relationships to support them [54][55] Question: What are the near-term cross-sale opportunities from the R.J. O'Brien deal? - Management highlighted the importance of integration and education for R.J. O'Brien clients to introduce new capabilities and products [58][59]
StoneX(SNEX) - 2026 Q1 - Earnings Call Transcript
2026-02-05 15:02
Financial Data and Key Metrics Changes - The company reported record net income of $139 million and diluted earnings per share (EPS) of $2.50, representing a 63% growth in net income and a 48% growth in EPS year-over-year [11][38] - Operating revenues exceeded $1.4 billion, up 52% compared to the prior year and up 20% from the previous quarter [12] - Total fixed compensation and other expenses increased by $75.6 million or 31% year-over-year, with $44.4 million attributed to the acquisition of R.J. O'Brien and Benchmark [12][13] - The trailing 12-month results showed net income at a record $359.8 million, up 30%, with diluted EPS of $6.70 and a return on equity (ROE) of 16.9% [15] Business Line Data and Key Metrics Changes - The commercial segment's net operating revenues increased by 65%, driven by growth in listed and OTC derivatives [21] - The institutional segment reported record net operating revenues and segment income, with growth of 86% and 78% respectively, primarily due to a $54.9 million increase in securities revenues [22] - The self-directed retail segment saw a decline in net operating revenues by 34% and segment income down 67%, attributed to a 41% decline in rate per million captured in FX CFD contracts [23] Market Data and Key Metrics Changes - Operating revenues derived from physical contracts increased by 69% year-over-year, primarily driven by an $83.9 million increase in precious metals operating revenues [18] - Average client equity and average money market FDIC sweep client balances increased by 100% and 5% respectively [18] - Payments revenues were down 4% year-over-year but up 7% compared to the previous quarter, primarily due to an increase in average daily volume [18] Company Strategy and Development Direction - The company aims to leverage its diversified product offerings and global footprint to capture growth opportunities across various markets [5][10] - The integration of R.J. O'Brien is on track, with expectations of achieving synergies and enhancing cross-sell opportunities [27][28] - The company is focusing on expanding its global hedging business and enhancing its digital capabilities to improve client engagement and operational efficiency [30][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capitalizing on current market volatility due to the company's diverse offerings and strong balance sheet [38] - The company benefits from increased market volatility but is cautious about extreme volatility that could negatively impact clients [54][55] - Management remains optimistic about the potential for revenue growth from regional banks and the integration of new products and services [66][70] Other Important Information - The company announced a 3-for-2 stock split of its common stock, effective March 23, 2026 [25][26] - The integration of R.J. O'Brien is expected to release $20 million in capital following the consolidation of the U.K. entity [28] Q&A Session Summary Question: How much of the strength in the physical trading business came from cross-selling RJO clients? - Management indicated that the strength was primarily driven by heightened interest in precious metals rather than from traditional R.J. O'Brien clients [42] Question: Are cost synergies from the RJO acquisition on track? - Management confirmed that they are still affirming the $50 million figure for cost synergies, with expectations for continued progress throughout the fiscal year [46] Question: What is the outlook for the institutional segment and rate per million? - Management noted that the institutional segment is still in early stages of expansion, with a more normalized rate per million expected moving forward [49] Question: How is the health of the customer post-quarter? - Management stated that while they benefit from increased volatility, extreme volatility can stress clients, and they focus on maintaining client liquidity [54] Question: What are the near-term cross-sale opportunities from the R.J. O'Brien deal? - Management highlighted the importance of integration and education for R.J. O'Brien clients to introduce new capabilities and products [58]
StoneX(SNEX) - 2026 Q1 - Earnings Call Transcript
2026-02-05 15:00
StoneX Group (NasdaqGS:SNEX) Q1 2026 Earnings call February 05, 2026 09:00 AM ET Speaker2Hello, and thank you for standing by. Welcome to StoneX Group Inc. first quarter, fiscal year 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask the question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. ...
StoneX(SNEX) - 2026 Q1 - Earnings Call Presentation
2026-02-05 14:00
StoneX Group Inc. February 5 th, 2026 Disclaimer The StoneX Group Inc. group of companies provides financial services worldwide, including physical commodities, securities, exchange -traded and over-the-counter derivatives, risk management, global payments and foreign exchange products, through its subsidiaries, in accordance with applicable law in the jurisdictions where services are provided . References to over-the counter ("OTC") products or swaps are made on behalf of StoneX Markets LLC (SXM), a member ...
StoneX(SNEX) - 2026 Q1 - Quarterly Report
2026-02-04 21:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 000-23554 StoneX Group Inc. (Exact name of registrant as specified in ...
StoneX(SNEX) - 2026 Q1 - Quarterly Results
2026-02-04 21:22
EXHIBIT 99.1 New York, NY – February 4, 2026 – StoneX Group Inc. (the "Company"; NASDAQ: SNEX), a leading financial services franchise connecting clients to global markets, today announced its financial results for the fiscal 2026 first quarter ended December 31, 2025. Philip Smith, the Company's Chief Executive Officer, stated, "We are very pleased to announce our results for the first fiscal quarter of the year, a quarter which marked another record, in terms of both net operating revenues and net income ...
StoneX Group Inc. Reports Fiscal 2026 First Quarter Financial Results
Globenewswire· 2026-02-04 21:15
Financial Performance - The company reported record quarterly net operating revenues of $724.4 million, representing a 47% increase compared to the previous year [1][16] - Net income for the quarter reached $139.0 million, a 63% increase year-over-year, with a quarterly return on equity (ROE) of 22.5% [1][7] - Quarterly diluted earnings per share (EPS) was $2.50, up 48% from $1.69 in the same quarter last year [1][7] Revenue Breakdown - Total revenues for the quarter were $39,029.9 million, a 40% increase from $27,935.3 million in the previous year [6] - The company saw significant growth in various revenue streams, including: - Sales of physical commodities increased by 39% to $37,689.1 million [6] - Commission and clearing fees surged by 104% to $305.0 million [6] - Interest income rose by 54% to $581.2 million [6] Segment Performance - The Commercial segment generated $427.4 million in operating revenues, an 82% increase from the previous year [10] - The Institutional segment reported operating revenues of $866.0 million, a 60% increase [10] - The Self-Directed/Retail segment experienced a decline, with revenues of $94.4 million, down 22% [10] Strategic Developments - The company announced a three-for-two stock split, aimed at increasing liquidity and making shares more accessible to a broader range of investors [1][3] - The CEO highlighted the company's strategic objective of building a unique ecosystem to enhance client service and capitalize on market activity [4][3] Key Metrics - The company achieved an adjusted EBITDA of $250.9 million, reflecting a 64% increase from the previous year [14] - The average client equity in listed derivatives doubled to $13,244 million, indicating strong client engagement [14] - The number of listed derivatives contracts increased by 58% to 84,120, showcasing robust trading activity [14]
StoneX Group Inc. to Announce 2026 Fiscal First Quarter Earnings on February 4, 2026
Globenewswire· 2026-01-28 22:21
Core Viewpoint - StoneX Group Inc. is set to release its fiscal 2026 first quarter results on February 4, 2026, with a conference call scheduled for February 5, 2026, to discuss these results [1][2]. Company Overview - StoneX Group Inc. operates a global financial services network that connects various market participants through digital platforms, clearing and execution services, and expert support [3]. - The company is headquartered in New York City, listed on the Nasdaq Global Select Market (NASDAQ: SNEX), and employs over 5,400 staff [3]. - StoneX serves more than 80,000 commercial, institutional, and global payments clients, along with over 400,000 self-directed/retail accounts, from more than 80 offices across six continents [3].