Stonex Group Stock Earnings Reports

StoneX delivered a record Q2 FY2026 with strong across-the-board growth driven by the recent R.J. O'Brien (RJO) and Benchmark acquisitions and elevated market volatility. Key financials: net income of $174.3 million (up 143% YoY), diluted EPS $2.07 (up 120% YoY), net operating revenues of ~$1.6 billion (up 64% YoY), trailing-12-month net income $462.4 million, and book value per share $34.16 (up 33% YoY). Average client equity rose materially to $15.2 billion (up 91% YoY) with listed derivatives volumes near 100 million contracts and OTC derivatives up 68% YoY. All four operating segments contributed to growth; Commercial and Institutional saw the largest gains. Interest and fee income on client balances increased substantially (RJO contributed meaningfully), and the firm has hedged interest-rate exposure with $1.8 billion of SOFR swaps. Management highlighted discipline on risk and credit despite higher volatility, progress on RJO integration (on track for substantial completion later this fiscal year), and technology/AI initiatives to improve operational efficiency and speed product development. Integration synergies are being realized (reported run-rate ~ $32M annualized exiting Q2; target ~$50M) and litigation headwinds have largely been resolved. The firm expects to continue scaling its vertically integrated equities market-making and broader ecosystem while actively managing interest-rate and credit exposure.