StoneX : Earnings Deck Q225 v62
SNEX
Published on 05/08/2025 at 09:01
Discloimer
The StoneX Group Inc. proup of companies provides financial services worldwide, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, plobal payments and foreign exchange products, through its subsidiaries, in accordance with applicable low 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 of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swop dealer. SXM's products are designed only for individuals or firms who qualify under CFTC rules as an 'Eligible Contract Participant' ("ECP") and who have been accepted as customers of SXM. StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission(SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. References to securities trading are made on behalf of the Broker-Dealer Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. StoneX Financial Ltd is registered in England and Wales, Company No. 5616586, authorized and regulated by the FinancialConduct Authority.
Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX Group companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.
2024 StoneX Group Inc. All Rights Reserved
Numbers presented through 3/31/2025 unless otherwise noted.
Forward-Looking Statements
The following presentation should be taken in conjunction with the most recent financial statements and notes thereto appearing in the most recent Annual Report on Form 10-K, subsequent Ouarterly Reports on Form 10-0 and other reports filed with the SEC by StoneX Group Inc. (the "Company"). This presentation may contain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the control of the Company, including adverse changes in economic, political and market conditions, including losses from our market-making and trading activities arising from counterparty failures, the loss of key personnel, the impact of increasing competition, the impact of changes in Government regulation, the possibility of liabilities arising from violations of foreign, United States("U.S.") federal and U.S. state securities laws, the impact of changes in technology in the securities and commodities trading industries, and other risks discussed in our filings with the SEC, including Part I, Item 1A of our Annual Report on Form 10-K for the year ended September 30, 2024. Although the Company believes that its forward-looking statements are based upon reasonable assumptions repardinp its business and future market conditions, there can be no assurances thot the Company's actual results will not differ materially from any results expressed or implied by the Company's forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned that any forward-looking statements are not guarantees of future performance.
StoneX 2
StoneX
Finonciol Overview
Chief Finoncioi Officer
Fiscol O2 2d25 & TTM Highlights
Second auorter(1)
Operating Revenues Net Income
Versus the prior year quarter:
S956.0mm
S71.7mm
Operating rev. up 17%, Net operating rev. ("NOR") up 15%
Total compensation and other expenses up 9%
Fixed compensation up 9%
Variable compensation up 19%
Net income up 35%
Return on Equity
Diluted EPS
On a consecutive quarterly basis(vs. O12025):
S1.41
Troiling Twelve Months(2)
Operating Revenues
Net Income
Up 29%
S1,734.1mm
Diluted EPS
Up 18%
S5.90
Up 18%
15.7%
14.0% O2'24
S295.4mm
Up 22%
Return on Equity
17.3%
17.4% O2'24
Operating revenues up 1%, NOR down 1%
Total compensation and other expenses up 2% or S9.3mm
Fixed compensation up 1% or $1.2mm
Variable compensation up 10% or $13.4mm
Net income down 16% or $13.4mm
Quarterly ROE of 15.7% while equity has increased 51% over the last two years
Q2'25 Average client equity + money-market/FDIC sweep client balances S7.9bn, up 11% vs Q2'24 and up 1% vs Q1'25
Interest/fee income from client balances down $2.5mm vs Q2'24, down $5.9mm vs Q1'25
Book value per share of 538.59, up 19% versus prior year
StoneX
4
Ouarterly percentage changes reflect fiscal 02 2025 vs fiscal O2'2024 figures
Trailing Twelve Months (TTM) percentage changes reflect TTM figures ending March 31, 2025, vs TTM endinp March 31, 2024
Note: On March 21, 2025, the Company completed a 3-for-2 split of its common stock. All share and per share amounts contained herein have been retroactively adjusted for this stock split
N.A
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ADV 3!(USDmm) & RPM *! 5!
Fiscol a2 2o25 Product Results & Key Metrics
S128.4mm
Up 15%
61,153
Up 14%
52.02
op/%
S60.3mm
Up 14%
897
Up i1%
S68.35
Up 4%
S72.6mm
up 5B
Secu i ies
S426.7mm
S49.2mm
Up y%
S70.9m
Down 12%
Interest / Fees Earned on Client Balances
S101.7mm
Down 2%
S8,915
S77
Up 20%
S11,539
Listed Deriv. Client Equitg1!& MMF/FDIC Sweep Balances 2!
up 10a
S6,639mm
S279
S10,526
Down 15%
S97
Down 19%
S1,283mm
Up 2s%
StoneX
Figures presented are quarterly; percentage changes reflect fiscal 02 2025 vs fiscal 02 2024. Key metrics presented do not account for all Operating Revenue generated
Listed Derivatives Client Equity balance pertains to client assets in our futures and options business on which we retain a share of interest earnings
Money Market Fund / FDIC Sweep balance pertains to client assets in our correspondent securities clearing business on which we retain a share of fee income
Contracts For Difference ("KFD"), Average Daily Volume ("ADV") and Rate Per Million ("RPM")
Operating Revenue represents gross revenue less cost of sales of physical commodities
The calculation of Securities RPM represents the RPM after excluding interest income associated with our equities activities and deducting the interest expense associated with our fixed income activities from operating revenues
Disclaimer
StoneX Group Inc. published this content on May 08, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2025 at 13:00 UTC.