StoneX Group Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
SNEX$56.72-0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Income Statements
| Three Months Ended June 30, | Nine Months Ended June 30, | |||
|---|---|---|---|---|
| (in millions, except share and per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Sales of physical commodities | $26,196.2 | $14,319.2 | $66,339.0 | $42,228.8 |
| Principal gains, net | 305.6 | 300.0 | 881.2 | 810.8 |
| Commission and clearing fees | 143.0 | 126.8 | 408.9 | 375.5 |
| Consulting, management, and account fees | 45.3 | 39.2 | 124.0 | 119.7 |
| Interest income | 379.6 | 262.7 | 995.7 | 685.7 |
| Total revenues | 27,069.7 | 15,047.9 | 68,748.8 | 44,220.5 |
| Cost of sales of physical commodities | 26,156.0 | 14,271.0 | 66,232.7 | 42,084.4 |
| Operating revenues | 913.7 | 776.9 | 2,516.1 | 2,136.1 |
| Transaction-based clearing expenses | 81.0 | 66.7 | 233.8 | 203.2 |
| Introducing broker commissions | 43.1 | 43.4 | 124.2 | 122.4 |
| Interest expense | 297.0 | 216.0 | 792.2 | 549.0 |
| Interest expense on corporate funding | 24.1 | 14.9 | 53.5 | 44.2 |
| Net operating revenues | 468.5 | 435.9 | 1,312.4 | 1,217.3 |
| Compensation and other expenses: | ||||
| Compensation and benefits | 257.5 | 226.6 | 710.0 | 658.1 |
| Trading systems and market information | 20.1 | 19.4 | 58.2 | 54.9 |
| Professional fees | 20.0 | 13.9 | 55.0 | 41.1 |
| Non-trading technology and support | 18.7 | 13.7 | 53.6 | 44.7 |
| Occupancy and equipment rental | 13.5 | 10.0 | 34.8 | 29.5 |
| Selling and marketing | 12.8 | 13.7 | 40.1 | 40.8 |
| Travel and business development | 6.9 | 6.2 | 21.1 | 17.7 |
| Communications | 1.9 | 2.4 | 6.4 | 6.7 |
| Depreciation and amortization | 12.3 | 13.8 | 35.8 | 39.6 |
| Bad debts (recoveries), net | 0.5 | 6.3 | (0.2) | 10.0 |
| Other | 18.1 | 15.4 | 50.3 | 50.1 |
| Total compensation and other expenses | 382.3 | 341.4 | 1,065.1 | 993.2 |
| Gain on acquisition and other gains | 1.8 | — | 8.7 | 23.5 |
| Income before tax | 88.0 | 94.5 | 256.0 | 247.6 |
| Income tax expense | 26.1 | 25.0 | 71.9 | 59.8 |
| Net income | $61.9 | $69.5 | $184.1 | $187.8 |
| Earnings per share: | ||||
| Basic | $1.95 | $2.24 | $5.83 | $6.09 |
| Diluted | $1.88 | $2.17 | $5.64 | $5.88 |
| Weighted-average number of common shares outstanding: | ||||
| Basic | 30,643,270 | 30,060,251 | 30,449,286 | 29,870,136 |
| Diluted | 31,743,032 | 30,981,451 | 31,487,370 | 30,867,473 |
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