The financials
StoneX Group Inc. by the numbers
StoneX Group Inc. (SNEX) reported revenue of $45.8B in Q2 2026 (quarter ended March 31, 2026), up 24% from the same quarter a year earlier. That came with a gross margin of 3.4% and net income of $174M (0.4% of revenue). For the full year FY2025, revenue was $132.4B (+33% year on year) and net income $306M. Its largest product in 2026-Q1 was Sales Of Physical Commodities at $44.3B, 93% of the disclosed total, just ahead of Precious Metals Retail Sales at 2.0%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $45.8B | $36.9B | +24% |
| Gross profit | $1.57B | $956M | +64% |
| Operating income | $968M | −$8.6M | to a profit |
| Net income | $174M | $72M | +143% |
| Diluted EPS | $2.07 | $0.94 | +120% |
| Product | Revenue | Share |
|---|---|---|
| Sales Of Physical Commodities | $44.3B | 93% |
| Precious Metals Retail Sales | $966M | 2.0% |
| Interest Income Net | $578M | 1.2% |
| Principal Gains Net | $470M | 1.0% |
| Commissionand Clearing Fees | $348M | 0.7% |
| Sales Based Commissions | $236M | 0.5% |
| Exchange Traded Futures And Options | $189M | 0.4% |
| Clearing Service | $98M | 0.2% |
| Consulting Management And Account Fees | $69M | 0.1% |
| Equitiesand Fixed Income Commissions | $40M | 0.1% |
| Client Account Fees | $18M | 0.0% |
| Asset Management1 | $16M | 0.0% |
| Advisoryand Consulting Fees | $10M | 0.0% |
| Sweep Program Fees | $9.6M | 0.0% |
| Underwriting Fees | $8.6M | 0.0% |
| Trailing Commissions | $7.9M | 0.0% |
| Other Consulting Managementand Account Fees | $6.7M | 0.0% |
| Insurance Annuity Trailing Commissions | $4.3M | 0.0% |
| Variable Annuity | $4.1M | 0.0% |
| Trade Conversion Fees | $3.8M | 0.0% |
| Mutual Fund Trailing Commissions | $3.6M | 0.0% |
| OTC Derivative Brokerage | $1.6M | 0.0% |
| Other Commission And Clearing Fees | $1.6M | 0.0% |
| Mutual Fund Sales Based Commissions | $1.0M | 0.0% |
| Other Sales Based Commissions | $800K | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $47.39B (+17%)
Underwriting Fees grew +4200% year on yearOther Commission And Clearing Fees -87% year on year
Segment Latestquarter on quarteryear on year
- Sales Of Physical Commodities$44.30B$44.30BQoQ +18%year on year +23%+18%+23%
- Precious Metals Retail Sales$966.2M$966.2MQoQ +18%year on year +58%+18%+58%
- Interest Income Net$577.8M$577.8MQoQ -0.58%year on year +49%-0.58%+49%
- Principal Gains Net$469.7M$469.7MQoQ +24%year on year +56%+24%+56%
- Commission and Clearing Fees$347.5M$347.5MQoQ +14%year on year +112%+14%+112%
- Sales Based Commissions$236.4M$236.4MQoQ +10%year on year +154%+10%+154%
- Exchange Traded Futures And Options$188.9M$188.9MQoQ +9.7%year on year +166%+9.7%+166%
- Clearing Service$97.8M$97.8MQoQ +24%year on year +104%+24%+104%
- Consulting Management And Account Fees$69.0M$69.0MQoQ -9.3%year on year +56%-9.3%+56%
- Equities and Fixed Income Commissions$40.0M$40.0MQoQ +17%year on year +167%+17%+167%
- Client Account Fees$18.2M$18.2MQoQ -15%year on year +180%-15%+180%
- Asset Management1$15.9M$15.9MQoQ -1.9%year on year +10%-1.9%+10%
- Advisory and Consulting Fees$10.0M$10.0MQoQ -22%year on year +8.7%-22%+8.7%
- Sweep Program Fees$9.6M$9.6MQoQ -9.4%year on year -16%-9.4%-16%
- Underwriting Fees$8.6M$8.6MQoQ -28%year on year +4200%-28%+4200%
- Trailing Commissions$7.9M$7.9MQoQ +3.9%year on year +5.3%+3.9%+5.3%
- Other Consulting Management and Account Fees$6.7M$6.7MQoQ +123%year on year +158%+123%+158%
- Insurance Annuity Trailing Commissions$4.3M$4.3MQoQ +7.5%year on year +7.5%+7.5%+7.5%
- Variable Annuity$4.1M$4.1MQoQ +21%year on year +24%+21%+24%
- Trade Conversion Fees$3.8M$3.8MQoQ +65%year on year +12%+65%+12%
- Mutual Fund Trailing Commissions$3.6M$3.6MQoQ 0.00%year on year +2.9%0.00%+2.9%
- OTC Derivative Brokerage$1.6M$1.6MQoQ -50%year on year -36%-50%-36%
- Other Commission And Clearing Fees$1.6M$1.6MQoQ -24%year on year -87%-24%-87%
- Mutual Fund Sales Based Commissions$1.0M$1.0MQoQ +25%year on year +25%+25%+25%
- Other Sales Based Commissions$800.0K$800.0KQoQ +700%year on year +100%+700%+100%