StoneX Reports 7% YoY Growth in Q4 FY24 FX/CFD Revenue

StoneX Group Inc., a global financial services network, has announced its financial results for the fourth quarter of the fiscal year 2024 (Q4 FY24), which ended on September 30, 2024.

The Group reported operating revenues of $920.1 million in Q4 FY24, marking an increase of $142.1 million, or an 18% growth compared to $778.0 million in the three months ended September 30, 2023 (Q4 FY23). 

Disaggregated by the Group’s key products, operating revenues are as follows (partial list):

• Listed derivatives: increased by $19.6 million to $118.2 million
• OTC derivatives: decreased by $13.7 million to $46.2 million
• Securities transactions: increased by $103.5 million to $411.8 million
• FX/CFD contracts: increased by $5.5 million to $84.7 million, a 7% growth from $79.2 million in the year-ago period, driven by a $7.0 million increase in the Self-Directed/Retail segment, despite a $1.5 million decline in the Institutional segment

Additionally, StoneX reported quarterly net operating revenues of $454.8 million, up 13%. The company also achieved a record quarterly net income of $76.7 million, up 51% from the previous year.

Sean M. O’Connor, StoneX’s CEO, stated, “For the fiscal fourth quarter, net income was $76.7 million, a 51% increase over the prior year period, with diluted EPS of $2.32, representing an 18.5% return on equity for the quarter. We experienced continued strong client engagement with increased volumes across nearly all of our operating segments and products despite relatively low volatility. We also achieved another record annual result, with earnings of $260.8 million, or $7.96 per diluted share, which were up 9% and 7%, respectively. We believe our expanding global footprint and diversified product offering positions us to deliver superior service to our clients and returns to our shareholders.”