AI-extracted from the 10-Q filed 2026-08-05 — Q3 FY2026 (nine months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
StoneX achieved net income of $441.2M (+100% YoY) on total revenues of $125.0B (+25% YoY), driven by RJO acquisition integration and strong client engagement across all segments.
Biggest Revenue Drivers
Sales of physical commodities$120.8B+25% YoY
Physical precious metals and agricultural/energy commodities trading activity.
Interest income$1.77B+47% YoY
Growth driven by RJO acquisition contributing $174.6M and higher average client equity balances (+113%).
Biggest Revenue Drivers
Total revenue: $125.0B+25% YoY
Sales of physical commodities$120.8B+25% YoY
Physical precious metals and agricultural/energy commodities trading activity.
Interest income$1.77B+47% YoY
Growth driven by RJO acquisition contributing $174.6M and higher average client equity balances (+113%).
Principal gains, net$1.25B+33% YoY
Derivative and securities trading gains across all segments.
Commission and clearing fees$984.5M+105% YoY
Increased trading volumes in listed derivatives, OTC derivatives, and exchange-traded products.
Consulting, management and account fees$214.7M+55% YoY
Asset management and investment banking services.
Largest Expense Items
Cost of sales of physical commodities$120.5B+25% YoY
Direct cost of physical commodity transactions scaling with sales volume.
Compensation and benefits$1.16B+47% YoY
Variable compensation (+67%) from higher revenues and fixed compensation (+24%) from acquisition headcount and merit increases.
Interest expense$1.49B+42% YoY
Fixed income dealer activities (+$331.4M), securities lending, client deposit funding, and corporate debt (Notes due 2032 issued July 2025).
Increased with higher trading volumes; RJO acquisition contributed $110.8M.
Margins: Operating revenues grew 53% while net operating revenues grew 55%, demonstrating strong operating leverage. Gross margin on physical commodities remained stable at 0.3% as cost of sales increased proportionately. Net operating margin improved as variable expenses (60% of total) were well-controlled, offset partially by integration costs from RJO and other acquisitions.
Watch Items from the Filing
RJO acquisition integration: $603.9M operating revenue contribution in 9M2026 (13% of total), with $625M senior notes issued July 2025 increasing leverage and creating refinancing risk if integration synergies underperform.
Self-Directed/Retail segment decline: Operating revenues down 8% YoY to $297.2M with FX/CFD RPM declining 12%, indicating weakness in retail trading market or competitive pressures.
High leverage and refinancing: $1.76B committed credit facilities (35% utilized as of June 30, 2026) plus $1.17B senior notes due 2031/2032; several facilities expire within 12 months requiring renewal.
BTIG litigation resolved March 2026 with $1.9M net payment to BTIG; DOJ investigation ongoing related to similar conduct allegations; SEC concluded with no enforcement action.
Geopolitical concentration: 91% of revenues from Middle East/Asia region; strong precious metals volatility and tariff uncertainty created temporary market dislocations in Q3.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About StoneX Group Inc. (SNEX): stock profile, AI score and financials
StoneX Group Inc. (SNEX) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores SNEX at 68.8/100 on a composite quality score built from its SEC filings, placing it at rank #283 of 2,925 stocks — the top 10% of the AI-ranked universe. SNEX scores in the top quartile across revenue scale (99.1), earnings quality (97.0), revenue growth (90.6). Areas of concern include institutional flow (0.4) and free cash flow (34.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), StoneX Group Inc. reports quarterly revenue of $40.2B, net income of $127.9M, an operating margin of 0.4%. Top institutional holders of SNEX by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. SNEX trades on the Nasdaq exchange and files with the SEC under CIK 913760. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SNEX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for StoneX Group Inc. directly from SEC EDGAR.