StoneX Group Posts 4% Revenue Growth - Institutional Business Soars 23%

StoneX Group Inc (NASDAQ: SNEX)., a global financial services network, reported net operating revenues of USD 488.3 million for its fiscal 2025 third quarter ended 30 June 2025, representing a 4 per cent increase from the prior year period. The company posted net income of USD 63.4 million and quarterly return on equity of 13.1 per cent.

The New York-based firm operates through four business segments: Commercial, Institutional, Self-Directed/Retail and Payments, providing digital platforms, clearing and execution services across global markets.

"The diversity of our business model was on display in our third quarter results, as significant growth in our Institutional segment net operating revenues, most notably in equity markets, combined with a strong performance in our Self-Directed/Retail segment, more than offset declines in our Commercial businesses due to diminished commodity volatility and tariff related uncertainty," said Sean O'Connor, Executive Vice-Chairman of the Board.

The company's quarterly results included USD 8.9 million in acquisition-related charges, comprising USD 6.5 million in bridge loan financing charges and USD 2.4 million in professional fees, which reduced diluted earnings per share by approximately USD 0.12 for the quarter.

StoneX announced the completion of two significant acquisitions on 31 July 2025. The company acquired R.J. O'Brien, described as the oldest futures brokerage in the United States, and The Benchmark Company, LLC, a full-service investment banking firm.

"R.J. O'Brien, the oldest futures brokerage in the U.S., brings an attractive financial profile, having generated approximately USD 766 million in revenue and approximately USD 170 million in EBITDA during calendar 2024 and we believe positions us as a market leader in global derivatives," said O'Connor.

The Institutional segment generated operating revenues of USD 626.0 million, up 23 per cent year-over-year, driven primarily by securities revenues of USD 456.1 million. The segment's net operating revenues increased 27 per cent to USD 200.1 million, with segment income rising 41 per cent to USD 87.4 million.

The Self-Directed/Retail segment posted operating revenues of USD 114.2 million, an increase of 19 per cent, with segment income rising 49 per cent to USD 41.2 million. The segment benefited from increased foreign exchange and contracts for difference trading volumes.

The Commercial segment faced headwinds with operating revenues declining 14 per cent to USD 225.8 million and segment income falling 36 per cent to USD 80.2 million, reflecting reduced commodity volatility and trade policy uncertainty.

StoneX's Payments segment maintained stable performance with operating revenues of USD 53.3 million, up 4 per cent, whilst segment income remained flat at USD 28.1 million.

For the nine months ended 30 June 2025, StoneX reported net operating revenues of USD 1.47 billion, up 12 per cent, and net income of USD 220.2 million, representing a 20 per cent increase. Year-to-date return on equity reached 15.9 per cent.

"We believe that the ability to offer our expansive range of products to this newly acquired client base, as well as offering these expanded capabilities to our existing clients, positions us well to continue to drive results for our shareholders in the future," added O'Connor.

In a LinkedIn post, Chief Executive of StoneX Group, Philip Smith commented on the results, saying, "Proud of our Q3 performance, driven by the continued dedication of our team and the trust of our clients.

As we move into Q4, we are building on real momentum. With key acquisitions expanding our reach and capabilities, we are well positioned to deliver greater access, stronger offerings, and long-term value across global markets."

The company serves more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices across six continents. StoneX is listed on the Nasdaq Global Select Market under the ticker SNEX.