StoneX Group Reports Record Fiscal 2026 Second Quarter Financial Results

StoneX Group Inc. (NASDAQ: SNEX) said Tuesday it delivered record results for the fiscal 2026 second quarter ended March 31, with net operating revenues of $829.1 million, up 70% from a year earlier, and net income of $174.3 million, up 143%. Diluted earnings per share came in at $2.07, compared with $0.94 in the prior-year period, and return on equity was 26.5%, up from 15.7%.

On a per-share basis, results reflect the company's three-for-two stock dividend effected on March 20, 2026; all share and per-share amounts have been retroactively adjusted. Adjusted EBITDA rose 115% to $296.9 million for the quarter, and for the first six months of fiscal 2026, net operating revenues increased 59% to $1.55 billion, while net income doubled to $313.3 million.

Chief Executive Officer Philip Smith said the record quarter was driven by strong performances across all four operating segments, citing the breadth of StoneX's product and service offerings. He added that the integration of R.J. O'Brien, which StoneX acquired effective July 31, 2025, remains on track for substantial completion during the current fiscal year, with management confident in achieving targeted synergies. RJO contributed 37.8 million listed derivative contracts and roughly $6.4 billion in average client equity in the quarter.

By segment, Commercial operating revenues more than doubled to $537.6 million, Institutional revenues rose 55% to $868.4 million, Self-Directed/Retail revenues increased 16% to $106.5 million, and Payments revenues gained 11% to $56.0 million. Total segment income climbed 86% to $427.2 million. Within product lines, listed derivatives generated $144.9 million in net operating revenues, physical contracts contributed $164.6 million, securities added $157.7 million, and FX/CFD contracts produced $67.4 million, up 8% year over year.