StoneX(US:SNEX)2025-11-24 21:32Financial Performance - StoneX Group Inc. reported a record net income of $305.9 million for fiscal year 2025, representing a 17% increase year-over-year[1] - Quarterly net operating revenues reached $585.1 million, up 29% compared to the same quarter last year[1] - The company achieved a record quarterly net income of $85.7 million, with a quarterly return on equity (ROE) of 15.2%[1] - Diluted earnings per share (EPS) for the quarter was $1.57, while the fiscal year EPS was $5.89, reflecting increases of 1% and 11% respectively[1] - The company experienced a 12% increase in quarterly net income despite $9.3 million in acquisition-related charges, which reduced diluted EPS by approximately $0.13[2] - Total revenues for the fiscal year increased by 33% to $132.4 billion, driven by significant growth in sales of physical commodities and interest income[5] - Net operating revenues for the fiscal year ended September 30, 2025, increased by 36% to $856.9 million from $630.4 million in 2024[34] - For the three months ended September 30, 2025, total revenues reached $31,813.0 million, a 5% increase from $30,430.3 million in the same period of 2024[29] Revenue Growth - The commercial segment's operating revenues grew by 38% to $291.9 million for the quarter, while institutional revenues increased by 39% to $771.7 million[8] - Operating revenues increased by $282.2 million, or 31%, to $1,202.3 million for the three months ended September 30, 2025, compared to $920.1 million for the same period in 2024[14] - Operating revenues from securities transactions rose by $107.6 million, driven by a 25% increase in average daily volume (ADV) and a 23% increase in securities rate per million (RPM)[16] - Interest income increased by 39% to $66.5 million for the three months ended September 30, 2025, compared to $47.9 million in 2024[29] - Total revenues for the three months ended September 30, 2025, increased by 39% to $771.7 million compared to $554.1 million in 2024[32] Acquisitions and Strategic Initiatives - The company closed acquisitions of R.J. O'Brien and The Benchmark Company, LLC, which are expected to enhance product offerings and client service[2][3] - The acquisition of RJO contributed $141.0 million in operating revenues, with listed derivatives revenues increasing by $89.4 million primarily due to this acquisition[15] - The acquisition of RJO contributed an additional 15.9 million listed derivative contracts in the fiscal year ended September 30, 2025[32] - The company plans to continue expanding its product capabilities and geographic reach to drive shareholder value[3] Expenses and Liabilities - Total interest expense increased by 29% to $436.3 million for the three months ended September 30, 2025, compared to $337.8 million in 2024[20] - The total non-interest expenses for the three months ended September 30, 2025, were $657.9 million, up from $484.3 million in 2024[24] - The company’s total liabilities increased to $19,864.1 million in 2025, up from $10,345.9 million in 2024, representing a 92% increase[40] - Interest expense for the fiscal year ended September 30, 2025, rose by 25% to $1,480.5 million from $1,183.5 million in 2024[47] Client and Segment Performance - Average client equity for listed derivatives increased by 71% to $11,321 million for the three months ended September 30, 2025[19] - Segment income for the institutional segment surged by 73% to $133.8 million for the quarter, contributing to a total segment income increase of 31%[9] - The company reported a segment income of $111.4 million for the three months ended September 30, 2025, a 25% increase from $89.2 million in 2024[29] - The company reported a 91% increase in consulting, management, and account fees, reaching $38.4 million for the three months ended September 30, 2025, up from $20.1 million in 2024[32] Future Outlook - The company plans to discuss future developments and financial matters in a conference call scheduled for November 25, 2025[41] - The company plans to include additional segment performance information in its Annual Report on Form 10-K to be filed with the SEC[28]