StoneX Group (SNEX) Q2 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants William Dunaway - Chief Financial OfficerSean O'Connor - Executive Vice-Chairman of the BoardPhilip Smith - Chief Executive Conference Call Participants Dan Fannon - Managing Director - Research AnalystJeff Schmitt - Research Analyst - Financial Services and Technology Operator Good day, and thank you for standing by. Welcome to the Stonix Group Second Quarter twenty twenty five Earnings Conference Call. At this time, al ...

Financial Data and Key Metrics Changes - Second quarter net income was $71,700,000 with diluted earnings per share of $1.41, representing a 3529% growth year-over-year but down 1617% from the previous quarter [6] - Record operating revenues reached $956,000,000, up 17% year-over-year and up 1% from the previous quarter [6] - Return on equity was 15.7% despite a 51% increase in book value over the last two years [6] Business Line Data and Key Metrics Changes - Operating revenues from physical contracts increased by 58% year-over-year, driven by strong growth in precious metals and physical agriculture and energy businesses [9] - Operating revenues from listed derivatives were up 15% year-over-year and quarter-over-quarter, primarily from the commercial segment [10] - Operating revenues from OTC derivatives increased by 14% year-over-year and 65% from the previous quarter, particularly in Brazil and European markets [10] - Payments operating revenues were up 2% year-over-year but down 13% from the previous quarter [10] - FX and CFD revenues decreased by 12% despite a 10% increase in average daily volume, due to a 19% decline in rate per million [11] Market Data and Key Metrics Changes - The commercial segment saw an 18% increase in net operating revenues, driven by strong performance in physical contracts [12] - The institutional segment experienced record net operating revenues and segment income growth of 28% and 41% respectively [13] - The self-directed retail segment reported a 14% decline in net operating revenues and a 34% decline in segment income [14] Company Strategy and Development Direction - The company announced a planned acquisition of RJ O'Brien, which is expected to enhance its position in global derivatives and improve its market access and service capabilities [18][19] - The acquisition is anticipated to provide significant revenue synergies and enhance margins, EPS, and return on equity [24] - The company is also expanding its ecosystem through partnerships, such as with Bamboo Payment Systems for local payment services in Latin America [27] Management's Comments on Operating Environment and Future Outlook - Management anticipates higher volatility in the next twelve months due to geopolitical tensions and regulatory changes, which could benefit the company's performance [56] - The company is optimistic about its growth trajectory following the acquisition of RJ O'Brien and believes it is well-positioned to capitalize on industry transformations [49] - Management emphasized the importance of maintaining a strong risk management framework during periods of high volatility [80] Other Important Information - The company received CME approval for its New York-based metals vault, enhancing its capabilities in the metals market [30] - The company completed the acquisition of JBR Recovery, a silver recycler, which strengthens its position in the metals ecosystem [31] Q&A Session Summary Question: Health of the markets and near-term outlook - Management noted that while volatility had declined over the past year, recent geopolitical events have led to increased volatility, which is expected to continue [54][56] Question: Prospects for the payments business - Management discussed recent technology upgrades that have improved capacity and efficiency, leading to increased volumes in the payments segment [62][64] Question: Retail segment performance and fee per million - Management explained that the decline in fee per million was due to a normalization from previously high levels and a product mix that included tighter spreads [73][74]

StoneX® Earnings Call: 2nd Quarter 2025 StoneX Group Inc. May 8tʰ, 2025 Disclaimer the Stonels Group ho. group of comparise provides financial services worldwide, including physical commodites, securities, securities, excluditios, risk moncgement, gdod, p freeion everynance products, through his subsitionies; in occardinas with applicable any in the irristiations where se wices are provided. References to over the counter "O Stonel Mundels LLC (SM), o meember of the Notional Futures Association (NFA (ond pr ...

分组1 - StoneX Group Inc. reported quarterly earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.32 per share, and up from $1.11 per share a year ago, representing an earnings surprise of 6.82% [1] - The company achieved revenues of $956 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.37%, and an increase from $818.2 million year-over-year [2] - StoneX Group has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has increased approximately 43% since the beginning of the year, contrasting with a -4.7% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.40 on revenues of $899.1 million, and for the current fiscal year, it is $5.81 on revenues of $3.63 billion [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

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 March 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 it ...

StoneX Group Inc. Reports Fiscal 2025 Second Quarter Financial Results Quarterly Net Operating Revenues of $487.3 million, up 15% Quarterly Net Income of $71.7 million, ROE of 15.7% Quarterly Diluted EPS of $1.41 per share, up 29% EXHIBIT 99.1 New York, NY – May 7, 2025 – StoneX Group Inc. (the "Company"; NASDAQ: SNEX), a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clear ...

Core Insights - StoneX Group Inc. reported a strong financial performance for the fiscal year 2025 second quarter, with net income increasing by 35% and diluted EPS rising by 29% [3][5][7] - The company attributes its growth to solid performance across various products and segments, indicating resilience in its business model amid market changes [3][4] - The acquisition of R.J. O'Brien is expected to enhance StoneX's market position in global derivatives, contributing significantly to revenue and client float [5][6] Financial Performance - Quarterly net operating revenues reached $487.3 million, reflecting a 15% increase compared to the previous year [7][16] - Quarterly net income was reported at $71.7 million, with a return on equity (ROE) of 15.7% [7][9] - Diluted earnings per share (EPS) increased to $1.41, marking a 29% rise year-over-year [7][9] Revenue Breakdown - Total revenues for the quarter were $36,890.7 million, a 67% increase from $22,106.1 million in the previous year [7][10] - Sales of physical commodities surged by 69% to $35,992.6 million, while interest income rose by 19% to $389.0 million [7][10] - The company reported significant growth in various segments, with institutional revenues increasing by 21% and commercial revenues by 24% [10][25] Segment Performance - The Commercial segment generated $248.6 million in operating revenues, up 24% from the previous year [22] - The Institutional segment reported revenues of $561.2 million, a 21% increase [10][25] - Self-Directed/Retail segment revenues decreased by 8%, indicating a need for strategic adjustments in this area [10][25] Market Conditions - The company has benefited from a rising interest rate environment, although market volatility has been muted [4] - Increased market volatility since the beginning of the fiscal year has positively impacted client acquisition and engagement [4] - The anticipated acquisition of R.J. O'Brien is expected to further capitalize on market volatility and enhance growth prospects [5][6]

Conference call to follow on May 8, 2025 at 9:00am ETNEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (NASDAQ: SNEX) today announced that it will release its fiscal 2025 second quarter results after the market close on Wednesday, May 7, 2025. Management will host a conference call on Thursday, May 8, 2025 at 9:00 a.m. Eastern Time to review the Company's 2025 fiscal second quarter results. A live web cast of the conference call as well as additional information to review during the call will b ...

Core Insights - StoneX Group Inc. has received approval from CME Group to operate a New York vault for storing and delivering precious metals, enhancing its integrated offerings in this sector [1][2][3] Group 1: Approval and Infrastructure - The approval allows StoneX clients to access the COMEX and NYMEX delivery network through the New York vault, facilitating secure storage and direct exchange access for institutional traders and other clients [2][3] - The New York vault is one of only 11 depositories in the U.S. approved for COMEX and NYMEX deliveries, positioning it as a key logistical hub for exchange-traded metals [3] Group 2: Market Context and Demand - There has been a record influx of physical metal into New York, with COMEX inventories exceeding 43 million ounces of gold in Q1 2025, indicating strong global demand for U.S.-based storage solutions [2] - The establishment of the New York vault enhances market infrastructure and expands delivery options for clients, reinforcing StoneX's capabilities in physical metals logistics [2][3] Group 3: Strategic Vision and Leadership - The approval aligns with StoneX's long-term strategy to create a fully integrated global metals platform, enhancing its ability to serve clients from trade execution to physical settlement [4] - Leadership emphasizes the significance of this development in providing seamless, end-to-end solutions for precious metals clients, highlighting the firm's unique position as both a regulated FCM and an exchange-approved depository [4]

Core Viewpoint - StoneX Group Inc. has announced a definitive agreement to acquire R.J. O'Brien for an equity value of approximately $900 million, which will enhance its position as a leading Futures Commission Merchant (FCM) and strengthen its role in the global financial market structure [1][8]. Acquisition Details - The acquisition will be financed through a combination of $625 million in cash and approximately 3.5 million shares of StoneX common stock, with StoneX also assuming up to $143 million of RJO debt [1][6]. - The transaction is expected to close in the second half of 2025, pending regulatory approvals [7]. Client and Market Impact - RJO's client base of over 75,000 accounts will benefit from StoneX's extensive range of markets, products, and services, including OTC hedging and physical commodities [2][3]. - The acquisition is projected to expand StoneX's client float by nearly $6 billion and increase cleared listed derivatives volume by approximately 190 million contracts annually [4][8]. Financial Performance - RJO generated $766 million in revenue and approximately $170 million in EBITDA during calendar 2024, contributing an attractive financial profile to StoneX [4]. - The consolidation of operations is expected to drive more than $50 million in expense synergies and unlock at least $50 million in capital synergies [8]. Strategic Commentary - Executives from both companies emphasized the transformational nature of the acquisition, highlighting the complementary capabilities and commitment to client service and risk management [5][8].