StoneX Group (SNEX) investor relations material

Executive summary

• Q3 net income was $63.4M, with diluted EPS of $1.22, reflecting 2% net income growth but a 2% EPS decline year-over-year due to higher share count and $8.9M in acquisition-related charges.

• Operating revenues rose 12% year-over-year to $1.024B, with net operating revenues up 4% year-over-year and flat sequentially.

• Institutional and Self-Directed/Retail segments posted strong growth, offsetting Commercial declines from lower commodity volatility and tariff uncertainty.

• Closed transformative acquisitions of R.J. O'Brien and Benchmark, expected to be accretive to earnings and margins, with integration synergies anticipated over the next 12 months.

• Trailing twelve months net income was $296.9M (up 26%), with ROE at 16.6%.

Financial highlights

• Q3 net income: $63.4M; diluted EPS: $1.22; ROE: 13.1%.

• Operating revenues: $1.024B, up 12% year-over-year.

• Net operating revenues up 4% year-over-year; total compensation and other expenses up 5% year-over-year.

• Book value per share at quarter end: $40.36, up 19.5% year-over-year.

• Total assets as of June 30, 2025 were $34.3B, up 32% from the prior year.

Outlook and guidance

• R.J. O'Brien and Benchmark acquisitions expected to be accretive to EPS and ROE, adding ~$6B in client float and expanding product offerings.

• Integration synergies for RJO's international business expected in 3–6 months, US integration in 9–12 months.

• Management anticipates continued growth driven by digitization, market volatility, and new product launches.

• Ongoing market volatility, interest rate changes, and potential new tariffs could impact future results.

• No material impact expected from recent U.S. tax law changes or new accounting standards.