StoneX Group Inc. (SNEX) Earnings
StoneX Group Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.23. SNEX has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +16.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.60 | $2.07 | +29.4% | $1.6B | +14.6% |
| Feb 4, 2026 | $2.06 | $2.50 | +21.4% | $39.0B | +3037.7% |
| Nov 24, 2025 | $1.45 | $1.57 | +8.3% | $32.7B | +3058.8% |
| May 7, 2025 | $1.32 | $1.41 | +6.8% | $36.9B | +3966.0% |
| Feb 5, 2025 | $1.45 | $1.69 | +16.6% | $27.9B | +2952.4% |
| Nov 19, 2024 | $2.05 | $2.34 | +14.1% | $31.1B | +3460.0% |
| Feb 6, 2024 | $1.70 | $2.13 | +25.3% | $19.6B | +4784.1% |
| Nov 15, 2023 | $1.51 | $1.62 | +7.3% | $16.6B | +3986.7% |
| Aug 2, 2023 | $1.63 | $2.24 | +37.4% | $1.2B | +195.4% |
| May 3, 2023 | $1.50 | $1.37 | -8.7% | $1.2B | +237.2% |
| Feb 7, 2023 | $1.42 | $1.72 | +21.1% | $1.2B | +230.3% |
| Nov 21, 2022 | $1.29 | $1.66 | +28.7% | $1.2B | +254.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Focus on agentic development, automating testing/delivery for innovation. - Board approved 3-for-2 stock split, shares trade split-adjusted. - Second quarter net income $174.3M, diluted EPS $2.07, operating revenues $1.6B. - Acquisitions like R.J. O'Brien contributed to results. - Ended Q2 fiscal 26 with book value per share $34.16. - Highlighted global equities business, including market-making franchise details.
Guidance
- Expect to continue managing interest rate exposure with swaps. - Aim to scale market-making platform by streamlining operations, deepening market share, strengthening global reach/tech platform. - Target $50M in synergies from R.J. O'Brien integration, currently at $32M run rate with expectation to reach $45M by end of fiscal year.
Segment performance
Commercial segment: Record net operating revenues up 111%, segment income up 151% y-o-y. Institutional segment: Net operating revenues and segment income up 65% and 40% y-o-y, but down 3% and 13% q-o-q. Self-directed retail segment: Net operating revenues up 15%, segment income up 40%. Payment segment: Net operating revenues up 10%, segment income up 30%. Trailing 12 months: Institutional segment net operating revenues up 62%, segment income up 58%; commercial and payment segments segment income up 48% and 11% respectively; self-directed retail segment income down 23%.
Risks & headwinds
- Heightened volatility increases credit loss risk. - Integration process of U.S. FCMs has gradual steps and potential issues to monitor.
Analyst Q&A
Q: About good and bad volatility in the quarter and current environment,
A: Surprising little credit losses, close communication with clients, some moderation in certain markets but still elevated volatility.
Q: On R.J. O'Brien integration synergies,
A: On track, started integrating US FCMs, run rate of synergies in Q2 was ~$6.9M, exit run rate ~$8M, target $50M.
Q: On interest rate hedge,
A: Active management program, around $1.8B swap position, will continue to protect downside.
Q: On commercial hedging business mix,
A: Listed derivative commercial hedging more weighted to energy/renewable fuel, physical trading business ~150M of $190M Q2 operating revenues from precious metals.
Q: On M&A environment,
A: Continued small to mid-size M&A activity, known as consolidator/ecosystem expander, drive from ecosystem integration and leveraging capabilities.