StoneX Group
Multi-asset clearing, commodity hedging, retail trading, and cross-border payments under one global network.
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Profile
Provides clearing and execution, commodity hedging, physical trading and logistics, securities services, retail trading, and cross-border payments. Revenue comes from commissions and clearing fees, principal gains, physical margins, interest income, and service fees; the R.J. O'Brien acquisition made it the largest U.S. non-bank futures commission merchant.
Serves commercial firms, institutions, self-directed traders, and payments clients through four operating segments. Commercial combines commodity risk management, exchange-traded and over-the-counter execution, physical trading, financing, and logistics. Institutional provides derivatives and securities clearing, fixed-income and equity execution, prime brokerage, capital markets, and research.
Self-Directed/Retail operates the FOREX.com and City Index foreign-exchange and CFD platforms alongside U.S. independent wealth management. Payments supplies cross-border payment, treasury, and technology services to banks, businesses, charities, and public-sector organizations worldwide.
The R.J. O'Brien acquisition expanded derivatives clearing and made the network the largest U.S. non-bank futures commission merchant. Results depend on client trading and hedging activity, transaction volumes, spreads, interest earned on client balances, commodity markets, and continued access to regulated exchanges and counterparties.
Company facts
Categories
Key statistics
Year to date +58.6% · Average volume (30d) 985.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jul 20, 2026 | Jefferies | Downgrade | Buy | Hold | $112 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q3 FY26 | $0.86 | $1.00 | +16.7% | $1.32B | $1.47B | +11.1% | −12.23% |
| May 6, 2026Q2 FY26 | $1.07 | $1.38 | +29.0% | $1.37B | $1.57B | +14.6% | +13.63% |
| Feb 4, 2026Q1 FY26 | $1.35 | $1.67 | +23.7% | $1.24B | $1.44B | +15.6% | −3.26% |
| Nov 24, 2025Q4 FY25 | $0.97 | $1.05 | +8.6% | $1.04B | $1.20B | +16.1% | +6.11% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $36.89B | $34.83B | $32.72B | $39.03B | $45.76B | $40.19B | |
| Gross profit | $590.8M | $649.9M | $741.3M | $895.3M | $1.26B | $1.23B | |
| Operating income | $430.6M | $480.1M | $547.5M | $677.1M | $717.4M | $698.6M | |
| Net income | $71.7M | $63.4M | $85.7M | $139.0M | $174.3M | $127.9M | |
| Diluted EPS | $0.94 | $0.81 | $1.05 | $1.67 | $2.07 | $1.00 | |
| Gross margin | 1.6% | 1.9% | 2.3% | 2.3% | 2.7% | 3.1% | |
| Operating margin | 1.2% | 1.4% | 1.7% | 1.7% | 1.6% | 1.7% |
Fiscal years (4-quarter sums)FY21 $42.53B · FY22 $66.04B · FY23 $60.86B · FY24 $99.89B · FY25 $132.38B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.19B · Total debt $20.04B · Total assets $54.05B · Shareholders' equity $2.84B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 118.88M · Float 107.39M · 90.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Vanguard Portfolio Management | 4.08M | 5.14% | 13G | Jul 31, 2026 |
| Sean Michael Oconnor · director, officer: Executive Vice-Chairman-Board | 2.05M | 1.72% | Form 4 | Jul 23, 2026 |
| Philip Andrew Smith · director, officer: Chief Executive Officer | 738.2K | 0.62% | Form 4 | Jul 23, 2026 |
| William J. Dunaway · officer: Chief Financial Officer | 502.2K | 0.42% | Form 4 | Aug 17, 2026 |
| John Moore Fowler · director | 255.3K | 0.21% | Form 4 | Aug 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | William J. Dunaway | officer: Chief Financial Officer | −96,490 | $66.35 |
| Aug 10, 2026 | Abigail H. Perkins | officer: Chief Information Officer | −4,500 | $64.81 |
| Aug 10, 2026 | Dhamu R. Thamodaran | director | +2,500 | $64.48 |
| Aug 7, 2026 | Mark Lowry Maurer | other: Chief Risk Officer | −52,648 | $66.25 |
| Aug 5, 2026 | John Moore Fowler | director | −1,575 | $75.41 |
Peers
- Marex Group
Closest non-bank FCM peer: clearing, energy/metals execution, prime services.
- Interactive Brokers
Self-clearing FCM; competes in retail futures, prime brokerage, and FX.
- Corpay
Leading corporate cross-border FX/payments rival to StoneX Global Payments.
- ePlus
CFD/FX broker with U.S. FCM unit expanding into institutional futures clearing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| StoneX Group | $68.64 | 0.00% | $8.16B | 11.9 | 16.5 | 0.1 | +43.3% |
| Marex Group | $72.84 | 0.00% | $5.24B | 11.0 | 12.4 | 1.0 | +48.9% |
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| Corpay | $407.88 | −0.02% | $26.66B | 24.8 | 14.0 | 5.3 | +21.5% |
| ePlus | $87.28 | −0.03% | $2.28B | 18.3 | 16.4 | 0.9 | +1.9% |
| Median | 21.5 | 15.2 | 3.2 | +26.7% |