StoneX Group Inc. Reports Fiscal 2026 First Quarter Financial Results

Record Quarterly Net Operating Revenues of $724.4 million, up 47%

Record Quarterly Net Income of $139.0 million, Quarterly ROE of 22.5%

Quarterly Diluted EPS of $2.50 per share

Announces a Three-for-Two Stock Split

NEW YORK, Feb. 04, 2026 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX), a leading financial services franchise connecting clients to global markets, today announced its financial results for the fiscal 2026 first quarter ended December 31, 2025.

Philip Smith, the Company’s Chief Executive Officer, stated, “We are very pleased to announce our results for the first fiscal quarter of the year, a quarter which marked another record, in terms of both net operating revenues and net income for StoneX. This record quarter was driven by strong performances in both our Commercial and Institutional segments, in particular our Global Metals and Securities businesses, as well as our first full quarter with the acquired RJO and Benchmark businesses.

Our sole strategic objective continues to be building out a unique ecosystem, offering extensive depth and breadth of products and geographical reach to our global client base. Our ecosystem has allowed us to benefit from increased client demand and activity when markets are active, as we have seen in our first fiscal quarter of 2026. We believe our unwavering commitment to delivering exceptional client coverage and service will hold us in good stead, both today and in the future.” Mr. Smith added.

StoneX Group Inc. Summary Financials

Consolidated financial statements for the Company will be included in our Quarterly Report on Form 10-Q to be filed with the Securities and Exchange Commission (the “SEC”). Upon filing, the Quarterly Report on Form 10-Q will also be made available on the Company’s website at www.stonex.com.

	Three Months Ended December 31,
(Unaudited) (in millions, except share and per share amounts)		2025			2024		% Change
Revenues:
Sales of physical commodities	$	37,689.1		$	27,051.1		39	%
Principal gains, net		378.5			308.9		23	%
Commission and clearing fees		305.0			149.3		104	%
Consulting, management, and account fees		76.1			47.8		59	%
Interest income		581.2			378.2		54	%
Total revenues		39,029.9			27,935.3		40	%
Cost of sales of physical commodities		37,591.7			26,991.0		39	%
Operating revenues		1,438.2			944.3		52	%
Transaction-based clearing expenses		132.6			86.5		53	%
Introducing broker commissions		93.2			44.3		110	%
Interest expense		461.7			306.2		51	%
Interest expense on corporate funding		26.3			15.2		73	%
Net operating revenues		724.4			492.1		47	%
Variable compensation and benefits		215.9			133.3		62	%
Net contribution		508.5			358.8		42	%
Fixed compensation and benefits		140.0			119.2		17	%
Trading systems and market information		25.0			20.0		25	%
Professional fees		32.8			19.0		73	%
Non-trading technology and support		26.6			19.7		35	%
Occupancy and equipment rental		16.1			13.0		24	%
Selling and marketing		14.1			12.0		18	%
Travel and business development		11.8			8.4		40	%
Communications		3.7			2.1		76	%
Depreciation and amortization		25.0			15.7		59	%
Bad debts, net of recoveries		1.2			1.8		(33	)%
Other		26.9			16.7		61	%
Total fixed compensation and other expenses		323.2			247.6		31	%
Other (losses) gains, net		(0.4	)		5.7		n/m
Income before tax		184.9			116.9		58	%
Income tax expense		45.9			31.8		44	%
Net income	$	139.0		$	85.1		63	%
Earnings per share:⁽¹⁾
Basic	$	2.66		$	1.77		50	%
Diluted	$	2.50		$	1.69		48	%
Weighted-average number of common shares outstanding:⁽¹⁾
Basic		50,569,386			46,464,063		9	%
Diluted		53,654,586			48,667,158		10	%

Return on equity (“ROE”)⁽²⁾		22.5	%		19.5	%
ROE on tangible book value⁽²⁾		32.4	%		20.5	%
n/m = not meaningful to present as a percentage

(1)		On March 21, 2025, the Company effected a three-for-two stock dividend to stockholders of record as of March 11, 2025. The stock split increased the number of shares of common stock outstanding. All share and per share amounts have been retroactively adjusted for the stock split.
(2)		The Company calculates ROE on stated book value based on net income divided by the average stockholders’ equity, calculated based on average monthly total stockholders’ equity amounts. For the calculation of ROE on tangible book value, the amount of goodwill and intangibles, net is excluded from stockholders’ equity.

The following table presents our consolidated operating revenues by segment for the periods indicated.

	Three Months Ended December 31,
(in millions)		2025			2024		% Change
Segment operating revenues represented by:
Commercial	$	427.4		$	234.8		82	%
Institutional		866.0			539.6		60	%
Self-Directed/Retail		94.4			121.6		(22	)%
Payments		57.0			58.1		(2	)%
Corporate		12.1			11.1		9	%
Eliminations		(18.7	)		(20.9	)	(11	)%
Operating revenues	$	1,438.2		$	944.3		52	%

The following table presents our consolidated income by segment for the periods indicated.

	Three Months Ended December 31,
(in millions)		2025			2024		% Change
Segment income represented by:
Commercial	$	179.1		$	104.1		72	%
Institutional		139.3			78.1		78	%
Self-Directed/Retail		18.3			55.0		(67	)%
Payments		33.9			34.1		(1	)%
Total segment income	$	370.6		$	271.3		37	%
Reconciliation of segment income to income before tax:
Segment income	$	370.6		$	271.3		37	%
Net operating loss within Corporate⁽¹⁾		(31.4	)		(21.1	)	49	%
Overhead costs, net of shared services		(154.3	)		(133.3	)	16	%
Income before tax	$	184.9		$	116.9		58	%

(1)

Includes interest expense on corporate funding.

Key Operating Metrics

The tables below present operating revenues disaggregated across the key products we provide to our clients and select operating data and metrics used by management in evaluating our performance, for the periods indicated.

	Three Months Ended December 31,
		2025			2024		% Change
Operating Revenues (in millions):
Listed derivatives	$	269.1		$	111.8		141	%
Over-the-counter (“OTC”) derivatives		63.1			36.6		72	%
Securities		575.9			401.8		43	%
FX/Contracts for difference (“CFD”) contracts		68.7			98.6		(30	)%
Payments		54.6			56.8		(4	)%
Physical contracts		156.7			92.6		69	%
Interest/fees earned on client balances		173.7			107.6		61	%
Other⁽¹⁾		83.0			48.3		72	%
Corporate		12.1			11.1		9	%
Eliminations		(18.7	)		(20.9	)	(11	)%
	$	1,438.2		$	944.3		52	%
Volumes and Other Select Data:
Listed derivatives (contracts, 000’s)⁽²⁾		84,120			53,180		58	%
Listed derivatives, average rate per contract (“RPC”)⁽³⁾	$	2.84		$	2.03		40	%
Average client equity - listed derivatives (millions)⁽²⁾	$	13,244		$	6,620		100	%
OTC derivatives (contracts, 000’s)		1,007			859		17	%
OTC derivatives, average RPC	$	63.55		$	42.84		48	%
Securities average daily volume (“ADV”) (millions)	$	10,615		$	8,733		22	%
Securities rate per million (“RPM”)⁽⁴⁾	$	320		$	237		35	%
Average money market/FDIC sweep client balances (millions)	$	1,259		$	1,197		5	%
FX/CFD contracts ADV (millions)	$	11,253		$	11,685		(4	)%
FX/CFD contracts RPM	$	93		$	133		(30	)%
Payments ADV (millions)	$	93		$	84		11	%
Payments RPM	$	9,377		$	10,414		(10	)%

Adjusted EBITDA (in millions)⁽⁵⁾	$	250.9		$	153.4		64	%

(1)		Other operating revenue primarily includes consulting, management and account fees related to prime services, investment banking and advisory services, as well as interest income associated with securities lending activities.
(2)		The acquisition of RJO, effective July 31, 2025, contributed 30.9 million listed derivative contracts and $5.8 billion in average client equity for the three months ended December 31, 2025.
(3)		Give-up fee revenues, related to contract execution for clients of other FCMs, as well as cash and voice brokerage revenues are excluded from the calculation of listed derivatives, average rate per contract.
(4)		Interest expense associated with our fixed income activities is deducted from operating revenues in the calculation of Securities RPM while interest income related to securities lending is excluded.
(5)		Adjusted EBITDA is a non-GAAP measure. See Appendix - Non-GAAP Financial Information for further information.

Interest expense

	Three Months Ended December 31,
(in millions)	2025		2024		% Change
Interest expense attributable to:
Trading activities:
Institutional dealer in fixed income securities	$	353.7	$	223.6	58	%
Securities borrowing		27.9		22.0	27	%
Client balances on deposit		61.2		33.8	81	%
Short-term financing facilities of subsidiaries and other direct interest of operating segments		18.9		26.8	(29	)%
		461.7		306.2	51	%
Corporate funding		26.3		15.2	73	%
Total interest expense	$	488.0	$	321.4	52	%

The increase in interest expense attributable to fixed income securities and securities borrowing was principally due to the growth in the size of the security repo and securities lending businesses. The business activities of RJO added an incremental $26.7 million of interest expense, with $24.3 million attributable to client balances.

The increase in interest expense attributable to corporate funding was principally due to the issuance of $625 million in aggregate principal amount of the Notes due 2032, which closed on July 8, 2025.

The table below presents a disaggregation of consolidated net operating revenues used by management in evaluating our performance, for the periods indicated:

	Three Months Ended December 31,
	2025			2024			% Change
Net Operating Revenues (in millions):
Listed derivatives	$	118.3		$	49.9		137	%
OTC derivatives		63.1			36.6		72	%
Securities		157.5			101.8		55	%
FX/CFD contracts		59.5			90.3		(34	)%
Payments		51.6			54.2		(5	)%
Physical contracts		135.4			77.1		76	%
Interest, net / fees earned on client balances		115.5			77.4		49	%
Other⁽¹⁾		54.9			25.9		112	%
Corporate		(31.4	)		(21.1	)	49	%
	$	724.4		$	492.1		47	%

(1)

Other net operating revenues primarily includes consulting, management and account fees related to prime services, investment banking and advisory services, as well as interest income, net of interest expense associated with securities lending activities.

Variable vs. Fixed Expenses
The table below sets forth our variable expenses and non-variable expenses as a percentage of total non-interest expenses for the periods indicated.

	Three Months Ended December 31,
(in millions)		2025	% of Total			2024	% of Total
Variable compensation and benefits	$	215.9	28	%	$	133.3	26	%
Transaction-based clearing expenses		132.6	18	%		86.5	17	%
Introducing broker commissions		93.2	12	%		44.3	9	%
Total variable expenses		441.7	58	%		264.1	52	%
Fixed compensation and benefits		140.0	18	%		119.2	23	%
Other fixed expenses		182.0	24	%		126.6	25	%
Bad debts, net of recoveries		1.2	—	%		1.8	—	%
Total non-variable expenses		323.2	42	%		247.6	48	%
Total non-interest expenses	$	764.9	100	%	$	511.7	100	%

Other (Losses) Gains, net

The results of the three months ended December 31, 2025 include an equity investment loss of $0.4 million. The results of the three months ended December 31, 2024 included nonrecurring gains of $5.7 million resulting from proceeds received from class action settlements.

Segment Results

Our business activities are managed through four operating segments, including Commercial, Institutional, Self-Directed/Retail and Payments.

The tables below present the financial performance, a disaggregation of operating revenues, select operating data and metrics, and a disaggregation of net operating revenue used by management in evaluating the performance of our segments, for the periods indicated.

During the three month period ended September 30, 2025, our acquisition of RJO triggered a reassessment of the financial information reviewed by management. We determined the acquired business activities of RJO were similar to our existing businesses, and the reassessment confirmed the current composition of the Company’s operating segments, except for one change resulting in the combination of all physical trading capabilities in precious metals being reported within the Commercial segment. Previously, the Self-Directed/Retail segment contained a portion of our precious metals activities. All segment information has been revised to reflect all precious metals business within the Commercial segment retroactive to October 1, 2024.

Additional information on the performance of our segments will be included in our Quarterly Report on Form 10-Q to be filed with the SEC.

Commercial

	Three Months Ended December 31,
(in millions)	2025		2024		% Change
Revenues:
Sales of physical commodities	$	37,689.1	$	27,051.1	39	%
Principal gains, net		129.5		65.5	98	%
Commission and clearing fees		111.9		48.7	130	%
Consulting, management and account fees		8.6		7.2	19	%
Interest income		79.9		53.3	50	%
Total revenues		38,019.0		27,225.8	40	%
Cost of sales of physical commodities		37,591.6		26,991.0	39	%
Operating revenues		427.4		234.8	82	%
Transaction-based clearing expenses		30.3		17.6	72	%
Introducing broker commissions		49.9		11.3	342	%
Interest expense		30.9		14.4	115	%
Net operating revenues		316.3		191.5	65	%
Variable compensation and benefits		81.1		43.7	86	%
Net contribution		235.2		147.8	59	%
Fixed compensation and benefits		22.5		17.1	32	%
Other fixed expenses		32.6		25.4	28	%
Bad debts, net of recoveries		1.0		1.2	(17	)%
Non-variable direct expenses		56.1		43.7	28	%
Segment income		179.1		104.1	72	%
Allocation of overhead costs		11.6		9.7	20	%
Segment income, less allocation of overhead costs	$	167.5	$	94.4	77	%

	Three Months Ended December 31,
	2025		2024		% Change
Operating Revenues (in millions):
Listed derivatives	$	133.9	$	62.2	115	%
OTC derivatives		63.1		36.6	72	%
Physical contracts		156.7		92.6	69	%
Interest/fees earned on client balances		64.6		36.6	77	%
Other		9.1		6.8	34	%
	$	427.4	$	234.8	82	%

Volumes and Other Select Data:
Listed derivatives (contracts, 000’s)⁽¹⁾		18,781		10,608	77	%
Listed derivatives, average RPC⁽²⁾	$	6.87	$	5.67	21	%
Average client equity - listed derivatives (millions)⁽¹⁾	$	4,018	$	1,727	133	%
OTC derivatives (contracts, 000’s)		1,007		859	17	%
OTC derivatives, average RPC	$	63.55	$	42.84	48	%

(1)		The acquisition of RJO, effective July 31, 2025, contributed 5.8 million listed derivative contracts and $2.2 billion in average client equity for the three months ended December 31, 2025.
(2)		Give-up fee revenues, related to contract execution for clients of other FCMs, as well as cash and voice brokerage revenues are excluded from the calculation of listed derivatives, average RPC.

	Three Months Ended December 31,
	2025		2024		% Change
Net Operating Revenues (in millions):
Listed derivatives	$	58.2	$	37.3	56	%
OTC derivatives		63.1		36.6	72	%
Physical contracts		135.4		77.1	76	%
Interest/fees earned on client balances		50.6		33.8	50	%
Other		9.0		6.7	34	%
	$	316.3	$	191.5	65	%

Institutional

	Three Months Ended December 31,
(in millions)	2025		2024		% Change
Revenues:
Sales of physical commodities	$	—	$	—	—	%
Principal gains, net		139.6		108.6	29	%
Commission and clearing fees		177.4		85.7	107	%
Consulting, management and account fees		47.7		20.3	135	%
Interest income		501.3		325.0	54	%
Total revenues		866.0		539.6	60	%
Cost of sales of physical commodities		—		—	—	%
Operating revenues		866.0		539.6	60	%
Transaction-based clearing expenses		95.3		63.0	51	%
Introducing broker commissions		14.7		8.1	81	%
Interest expense		431.8		294.5	47	%
Net operating revenues		324.2		174.0	86	%
Variable compensation and benefits		107.3		56.2	91	%
Net contribution		216.9		117.8	84	%
Fixed compensation and benefits		26.4		18.6	42	%
Other fixed expenses		51.1		22.4	128	%
Bad debts, net of recoveries		0.1		—	n/m
Non-variable direct expenses		77.6		41.0	89	%
Other gain		—		1.3	(100	)%
Segment income		139.3		78.1	78	%
Allocation of overhead costs		14.4		14.8	(3	)%
Segment income, less allocation of overhead costs	$	124.9	$	63.3	97	%

	Three Months Ended December 31,
	2025		2024		% Change
Operating Revenues (in millions):
Listed derivatives	$	135.2	$	49.6	173	%
Securities		544.4		373.5	46	%
FX contracts		6.9		9.6	(28	)%
Interest/fees earned on client balances		108.6		70.3	54	%
Other		70.9		36.6	94	%
	$	866.0	$	539.6	60	%

Volumes and Other Select Data:
Listed derivatives (contracts, 000’s)⁽¹⁾		65,339		42,572	53	%
Listed derivatives, average RPC⁽²⁾	$	1.68	$	1.12	50	%
Average client equity - listed derivatives (millions)⁽¹⁾	$	9,225	$	4,893	89	%
Securities ADV (millions)	$	10,615	$	8,733	22	%
Securities RPM⁽³⁾	$	320	$	237	35	%
Average money market/FDIC sweep client balances (millions)	$	1,259	$	1,197	5	%
FX contracts ADV (millions)	$	2,626	$	4,082	(36	)%
FX contracts RPM	$	40	$	36	11	%

(1)		The acquisition of RJO, effective July 31, 2025, contributed 25.1 million listed derivative contracts and $3.6 billion in average client equity for the three months ended December 31, 2025.
(2)		Give-up fees, related to contract execution for clients of other FCMs, are excluded from the calculation of listed derivatives, average RPC.
(3)		Interest expense associated with our fixed income activities is deducted from operating revenues in the calculation of Securities RPM, while interest income related to securities lending is excluded.

	Three Months Ended December 31,
	2025		2024		% Change
Net Operating Revenues (in millions):
Listed derivatives	$	60.1	$	12.6	377	%
Securities		150.5		95.6	57	%
FX contracts		6.3		8.5	(26	)%
Interest/fees earned on client balances		64.4		42.9	50	%
Other		42.9		14.4	198	%
	$	324.2	$	174.0	86	%

Self-Directed/Retail

	Three Months Ended December 31,
(in millions)	2025		2024		% Change
Revenues:
Sales of physical commodities	$	—	$	—	—	%
Principal gains, net		55.4		81.2	(32	)%
Commission and clearing fees		14.2		13.5	5	%
Consulting, management and account fees		17.3		18.6	(7	)%
Interest income		7.5		8.3	(10	)%
Total revenues		94.4		121.6	(22	)%
Cost of sales of physical commodities		—		—	—	%
Operating revenues		94.4		121.6	(22	)%
Transaction-based clearing expenses		3.6		3.4	6	%
Introducing broker commissions		27.4		24.0	14	%
Interest expense		2.1		1.9	11	%
Net operating revenues		61.3		92.3	(34	)%
Variable compensation and benefits		5.1		2.8	82	%
Net contribution		56.2		89.5	(37	)%
Fixed compensation and benefits		7.3		9.3	(22	)%
Other fixed expenses		30.5		29.1	5	%
Bad debts, net of recoveries		0.1		0.5	(80	)%
Non-variable direct expenses		37.9		38.9	(3	)%
Other gain		—		4.4	(100	)%
Segment income		18.3		55.0	(67	)%
Allocation of overhead costs		14.8		12.6	17	%
Segment income, less allocation of overhead costs	$	3.5	$	42.4	(92	)%

	Three Months Ended December 31,
	2025		2024		% Change
Operating Revenues (in millions):
Securities	$	31.5	$	28.3	11	%
FX/CFD contracts		61.8		89.0	(31	)%
Interest/fees earned on client balances		0.5		0.7	(29	)%
Other		0.6		3.6	(83	)%
	$	94.4	$	121.6	(22	)%

Volumes and Other Select Data:
FX/CFD contracts ADV (millions)	$	8,627	$	7,603	13	%
FX/CFD contracts RPM	$	110	$	185	(41	)%

	Three Months Ended December 31,
	2025		2024		% Change
Net Operating Revenues (in millions):
Securities	$	7.0	$	6.2	13	%
FX/CFD contracts		53.2		81.8	(35	)%
Interest/fees earned on client balances		0.5		0.7	(29	)%
Other		0.6		3.6	(83	)%
	$	61.3	$	92.3	(34	)%

Payments

	Three Months Ended December 31,
(in millions)	2025			2024		% Change
Revenues:
Sales of physical commodities	$	—		$	—	—	%
Principal gains, net		53.8			54.4	(1	)%
Commission and clearing fees		2.3			1.8	28	%
Consulting, management, account fees		0.6			1.3	(54	)%
Interest income		0.3			0.6	(50	)%
Total revenues		57.0			58.1	(2	)%
Cost of sales of physical commodities		—			—	—	%
Operating revenues		57.0			58.1	(2	)%
Transaction-based clearing expenses		2.0			1.8	11	%
Introducing broker commissions		1.0			0.9	11	%
Interest expense		—			—	—	%
Net operating revenues		54.0			55.4	(3	)%
Variable compensation and benefits		8.6			9.1	(5	)%
Net contribution		45.4			46.3	(2	)%
Fixed compensation and benefits		4.9			6.6	(26	)%
Other fixed expenses		6.2			5.5	13	%
Bad debts, net of recoveries		—			0.1	(100	)%
Total non-variable direct expenses		11.1			12.2	(9	)%
Other loss		(0.4	)		—	n/m
Segment income		33.9			34.1	(1	)%
Allocation of overhead costs		4.0			5.6	(29	)%
Segment income, less allocation of overhead costs	$	29.9		$	28.5	5	%

	Three Months Ended December 31,
	2025		2024		% Change
Operating Revenues (in millions):
Payments	$	54.6	$	56.8	(4	)%
Other		2.4		1.3	85	%
	$	57.0	$	58.1	(2	)%

Volumes and Other Select Data:
Payments ADV (millions)	$	93	$	84	11	%
Payments RPM	$	9,377	$	10,414	(10	)%

	Three Months Ended December 31,
	2025		2024		% Change
Net Operating Revenues (in millions):
Payments	$	51.6	$	54.2	(5	)%
Other		2.4		1.2	100	%
	$	54.0	$	55.4	(3	)%

Overhead Costs

We incur overhead costs, including certain shared services such as information technology, accounting and treasury, credit and risk, legal and compliance, and human resources and other activities. The following table provides information regarding overhead costs and expenses. The allocation of overhead costs to operating segments includes costs associated with compliance, technology, and credit and risk costs. The share of allocated costs is based on resources consumed by the relevant businesses. In addition, the allocation of human resources and occupancy costs is principally based on employee costs within the relevant businesses.

	Three Months Ended December 31,
(in millions)		2025			2024		% Change
Compensation and benefits:
Variable compensation and benefits	$	13.8		$	21.5		(36	)%
Fixed compensation and benefits		78.9			67.6		17	%
		92.7			89.1		4	%
Other expenses:
Occupancy and equipment rental		13.6			12.1		12	%
Non-trading technology and support		22.7			15.8		44	%
Professional fees		12.9			8.9		45	%
Depreciation and amortization		9.8			6.6		48	%
Communications		2.6			1.5		73	%
Selling and marketing		3.6			0.9		300	%
Trading systems and market information		5.7			4.2		36	%
Travel and business development		4.5			2.8		61	%
Other		8.3			6.8		22	%
		83.7			59.6		40	%
Overhead costs, before shared services		176.4			148.7		19	%
Shared services		(22.1	)		(15.4	)	44	%
Overhead costs, net of shared services		154.3			133.3		16	%
Allocation of overhead costs		(44.8	)		(42.7	)	5	%
Overhead costs, net of shared services, net of allocation to operating segments	$	109.5		$	90.6		21	%

Balance Sheet Summary

The following table below provides a summary of asset, liability and stockholders’ equity information for the periods indicated.

(Unaudited) (in millions, except for share and per share amounts)	December 31, 2025		September 30, 2025
Summary asset information:
Cash and cash equivalents	$	1,592.7	$	1,605.8
Cash, securities and other assets segregated under federal and other regulations	$	5,730.0	$	5,271.0
Securities purchased under agreements to resell	$	13,414.5	$	10,325.4
Securities borrowed	$	2,381.8	$	2,743.1
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net	$	10,244.9	$	12,890.7
Receivables from clients, net and notes receivable, net	$	1,013.7	$	1,333.9
Financial instruments owned, at fair value	$	10,265.7	$	8,604.4
Physical commodities inventory, net	$	1,373.9	$	917.5
Property and equipment, net	$	165.1	$	166.6
Operating right of use assets	$	159.2	$	161.9
Goodwill and intangible assets, net	$	755.0	$	736.2
Other	$	687.9	$	511.5

Summary liability and stockholders’ equity information:
Accounts payable and other accrued liabilities	$	939.1	$	888.8
Operating lease liabilities	$	208.9	$	211.7
Payables to clients	$	19,118.8	$	19,864.1
Payables to broker-dealers, clearing organizations and counterparties	$	969.0	$	963.4
Payables to lenders under loans	$	488.8	$	782.0
Senior secured borrowings, net	$	1,159.6	$	1,159.0
Securities sold under agreements to repurchase	$	16,000.9	$	13,551.0
Securities loaned	$	2,212.3	$	2,550.8
Financial instruments sold, not yet purchased, at fair value	$	4,164.8	$	2,919.8
Stockholders’ equity	$	2,522.2	$	2,377.4

Common stock outstanding - shares		52,356,371		52,186,635
Net asset value per share	$	48.17	$	45.56

Three-for-Two Stock Split

On February 3, 2026, the Company’s Board of Directors approved a three-for-two split of its common stock to make stock ownership more accessible to employees and investors. The stock split will be effected as a stock dividend entitling each stockholder of record to receive one additional share of common stock for every two shares owned. Additional shares issued as a result of the stock dividend will be distributed after close of trading on March 20, 2026, to stockholders of record at the close of business on March 10, 2026. Cash will be distributed in lieu of fractional shares based on the opening price of a share of common stock on March 11, 2026. Trading is expected to begin on a stock split-adjusted basis at market open on March 23, 2026. All share and per share amounts contained herein have not been retroactively adjusted for this subsequent stock split.

Conference Call & Web Cast

A conference call to discuss the Company’s financial results will be held tomorrow, Thursday, February 5, 2026 at 9:00 a.m. Eastern time. The call may also include discussion of Company developments, and forward-looking and other material information about business and financial matters. A live webcast of the conference call as well as additional information to review during the call will be made available in PDF form on-line on the Company’s corporate web site at https://registerconf.media-server.com/register/BIa4fa524158ce4a3198001aed2c658b87 approximately ten minutes prior to the start time. Participants may preregister for the conference call here.

For those who cannot access the live broadcast, a replay of the call will be available at https://www.stonex.com.

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-500 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 5,400 employees serve more than 80,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company’s financial condition, results of operations, business strategy, financial needs of the Company, impact of the R.J. O’Brien transaction. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words “believe,” “expect,” “anticipate,” “should,” “plan,” “will,” “may,” “could,” “intend,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms and similar expressions, as they relate to StoneX Group Inc., are intended to identify forward-looking statements.

These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the control of the Company, including statements about the benefits of our acquisition of RJO, including expected synergies and future financial and operating results, the plans, objectives, expectations and intentions of StoneX with respect to the acquisition, adverse changes in economic, political and market conditions, including losses from our market-making and trading activities arising from counterparty failures, global trade policies and tariffs, the loss of key personnel, the impact of increasing competition, the impact of changes in government regulation, uncertainty concerning fiscal or monetary policies established by central banks and financial regulators, the possibility of liabilities arising from violations of foreign, United States (“U.S.”) federal and U.S. state securities laws, the impact of changes in technology in the securities and commodities trading industries, and other risks discussed in our filings with the SEC, including Part I, Item 1A of our Annual Report on Form 10-K for the year ended September 30, 2025. Although we believe that our forward-looking statements are based upon reasonable assumptions regarding our business and future market conditions, there can be no assurances that our actual results will not differ materially from any results expressed or implied by our forward-looking statements.

These forward-looking statements speak only as of the date of this press release. StoneX Group Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Appendix - Non-GAAP Financial Information

The following table reconciles net income to EBITDA⁽¹⁾ and Adjusted EBITDA⁽¹⁾.

	Three Months Ended December 31,
		2025			2024		% Change
(in millions)
Net income	$	139.0		$	85.1		63	%
Interest expense		488.0			321.4		52	%
Depreciation and amortization		25.0			15.7		59	%
Income tax expense		45.9			31.8		44	%
EBITDA		697.9			454.0		54	%
Amortization of share-based compensation		14.3			11.3		27	%
Interest expense attributable to trading activities		(461.7	)		(306.2	)	51	%
Other losses (gains), net		0.4			(5.7	)	n/m
Adjusted EBITDA	$	250.9		$	153.4		64	%
⁽¹⁾EBITDA and Adjusted EBITDA are non-GAAP measures.

EBITDA, a non-GAAP measure used to measure operating performance, is defined as net income plus interest expense, depreciation and amortization, and income tax expense. Adjusted EBITDA represents EBITDA plus amortization of share-based compensation and less interest expenses attributable to trading activities, including the credit facilities of our subsidiaries, gain on acquisitions, acquisition-related expenses, and gain on class action settlements.

Each of the EBITDA-based measures described above is not a presentation made in accordance with GAAP and should not be considered as an alternative to net income or any other performance measures derived in accordance with GAAP as a measure of operating performance or to cash flows as a measure of liquidity. Additionally, each such measure is not intended to be a measure of free cash flows available for management’s discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. Such measures have limitations as analytical tools, and you should not consider any of such measures in isolation or as substitutes for our results as reported under GAAP. Management compensates for the limitations of using non-GAAP financial measures by using them to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. Because not all companies use identical calculations, these EBITDA-based measures may not be comparable to other similarly titled measures of other companies.

The Company believes EBITDA is helpful in highlighting the business’s trends because EBITDA excludes the results of decisions that are outside the control of management and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate and capital investments. In addition, EBITDA provides more comparability between the historical operating results that reflect purchase accounting and the new capital structure.

StoneX Group Inc.

Investor inquiries:

Kevin Murphy
(212) 403 - 7296
kevin.murphy@stonex.com

SNEX-G

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