StoneX Group Inc. Reports 67% Revenue Growth to $36.9 Billion in Quarterly Earnings

StoneX Group Inc. reported significant financial growth in its quarterly earnings for the period ending March 31, 2025, with total revenues reaching $36.9 billion, a 67% increase from $22.1 billion in the same period last year. The company’s net income also saw a substantial rise, climbing 35% to $71.7 million, compared to $53.1 million in the prior year. This growth was driven by a notable increase in sales of physical commodities, which surged 69% to $36.0 billion, alongside a 21% rise in commission and clearing fees, which totaled $164.3 million.

The company’s operational performance showed marked improvements across its segments. The Institutional segment led the way with a revenue increase of $97.8 million, while the Commercial segment added $48.1 million. However, the Self-Directed/Retail segment experienced a decline of $8.6 million in operating revenues. The overall segment income increased by $25 million, with the Commercial and Institutional segments contributing significantly to this growth. The company also reported a 9% increase in employee headcount, bringing the total to approximately 4,700 employees.

Strategically, StoneX Group has been active in expanding its market presence through acquisitions. Notably, the company announced its agreement to acquire R.J. O’Brien, the oldest futures brokerage in the U.S., for approximately $900 million, which is expected to close in the third calendar quarter of 2025. This acquisition is anticipated to enhance StoneX's position in the financial market structure and expand its client base. Additionally, the company has also signed an agreement to acquire The Benchmark Company, a full-service investment banking firm, for about $75 million, further diversifying its service offerings.

In terms of operational metrics, StoneX reported a 14% increase in listed derivatives contracts, with a total of 61.2 million contracts traded. The average rate per contract for listed derivatives increased by 2%, while the average daily volume for securities rose by 19%. The company’s interest income also grew by 19% to $389 million, reflecting a robust performance in its financial services. However, the company noted a modest decline in interest and fee income earned on client balances, attributed to lower short-term interest rates.

Looking ahead, StoneX Group remains optimistic about its growth trajectory, bolstered by its strategic acquisitions and strong operational performance. The company anticipates continued revenue growth driven by increased transaction volumes and client engagement across its diverse service offerings. Management emphasized their commitment to maintaining a variable cost model to support profitability while managing expenses effectively.