StoneX Group Inc. reports record fiscal year results for 2024, with significant increases in revenue

From GlobeNewswire: 2024-11-19 16:15:00

StoneX Group Inc. announced record fiscal year results for 2024, with net income of $260.8 million, up 9%. Quarterly net operating revenues were $454.8 million, up 13%. Record quarterly net income was $76.7 million with an ROE of 18.5%. Quarterly diluted EPS was $2.32 per share, up 48% from the prior year period.

The financial results were shared by StoneX Group Inc.’s CEO, Sean M. O’Connor. Net income for the fiscal fourth quarter was $76.7 million, a 51% increase from the prior year. Diluted EPS was $2.32, representing an 18.5% return on equity. The Company experienced strong client engagement and increased volumes across operating segments.

StoneX Group Inc. operates a global financial services network connecting companies, organizations, traders, and investors. The company’s unique blend of digital platforms, clearing and execution services, and high-touch service has attracted over 54,000 commercial, institutional, and payments clients globally.

The quarterly net operating revenues of $454.8 million represented an increase of 13% from the previous year. The company’s segment operating revenues were driven by strong performance in commercial, institutional, self-directed/retail, and payments. StoneX Group Inc. continues to focus on delivering superior service to clients and returns to shareholders.

StoneX Group Inc. will be filing its Annual Report on Form 10-K with the SEC, which will include detailed financial statements. The company’s expanding global footprint and diversified product offerings position it well for future growth. Investors and stakeholders can access the annual report on the company’s website for further details on their financial performance.

The company’s strong financial results were reflected in the operating revenues disaggregated across key products. Listed derivatives, securities, FX/CFD contracts, and interest/fees on client balances all contributed to the robust performance. StoneX Group Inc. continues to strive for excellence in providing trading opportunities, managing market risks, and improving business performance for its clients.

StoneX Group Inc. will be hosting a conference call to discuss the financial results on November 20, 2024, at 9:00 a.m. Eastern time. The call will include discussions on business developments and forward-looking information. A live webcast of the call will be available on the company’s website for interested participants. Additionally, a replay of the call will be accessible online for those unable to join the live broadcast.



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