StoneX Group Inc. Reports 29% Revenue Growth to $34.8 Billion in Latest Quarter

StoneX Group Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $34.8 billion for the three months ended June 30, 2025, a 29% increase from $27.1 billion in the same period last year. The company's net income also saw a modest rise, increasing to $63.4 million from $61.9 million year-over-year. This translates to diluted earnings per share of $1.22, slightly down from $1.25 in the prior year. The increase in revenues was primarily driven by a 29% rise in sales of physical commodities, which totaled $33.8 billion, alongside growth in principal gains and interest income.

Comparing the nine-month period ending June 30, 2025, to the same period in 2024, total revenues surged by 45% to $99.7 billion, with net income increasing by 20% to $220.2 million. The company attributed this growth to heightened transaction volumes across its product offerings, particularly in the commercial and institutional segments. However, the Commercial segment experienced a decline in net operating revenues, primarily due to diminished commodity volatility and increased interest expenses.

Strategically, StoneX has been active in expanding its business through acquisitions. Notably, the company completed the acquisition of R.J. O’Brien, a leading futures brokerage, on July 31, 2025, for approximately $610.6 million in cash and stock. This acquisition is expected to enhance StoneX's position in the financial market and expand its client base. Additionally, the company acquired Benchmark, a full-service investment banking firm, for $57.1 million, further diversifying its service offerings.

Operationally, StoneX reported an increase in employee headcount to 4,773, up from 4,458 a year earlier, reflecting its growth strategy. The company also noted a 25% increase in average client equity and a 20% rise in average money market/FDIC sweep client balances. However, the average rate per contract for listed derivatives decreased by 11%, indicating a shift in client mix and market conditions. The company continues to focus on maintaining a variable cost model while managing non-variable expenses, which increased due to higher fixed compensation and professional fees.

Looking ahead, StoneX remains optimistic about its growth trajectory, despite potential challenges from market volatility and regulatory changes. The company plans to leverage its recent acquisitions to enhance its service offerings and expand its market presence. Management believes that cash flows from operations, along with available credit facilities, will adequately support its liquidity needs in the coming year.