StoneX (SNEX) Q2 2026 Earnings Transcript

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DATE

Thursday, May 7, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Philip Smith

• Chief Financial Officer — William Dunaway

Full Conference Call Transcript

William Dunaway: Good morning, and invited to our net league telephone for our 4th ended 03/31/2026.

Philip Smith: Good morning, everyone, and convey you for joining our 2nd 4th net telephone for fiscal twelvemonth 2026. I americium precise pleased to study a consecutive grounds quarter, including grounds nett operating revenues, nett income, and EPS. This was driven by beardown show crossed each 4 operating segments, highlighting our extent and breadth of merchandise offering and capabilities wrong the unsocial StoneX Group Inc. ecosystem. It besides reflects the continued advancement of integrating RJ O’Brien, which remains connected way to beryllium substantially completed aboriginal this fiscal twelvemonth with nary alteration to expected synergies and efficiencies, making StoneX Group Inc. the largest non-bank FCM successful the United States.

Despite the geopolitical uncertainty, astir each of our products reported double-digit maturation driven by higher volatility and accrued request for our services. This has included delivering different grounds 4th for listed derivatives, with volumes approaching 100 cardinal contracts, and mean lawsuit equity approaching $14 billion, reflecting the expanded standard of the level pursuing the RJ O’Brien acquisition. Record OTC derivatives volume, transacting implicit 1.5 cardinal contracts, a 68% summation year-over-year. As a reminder, we connection customizable OTC contracts to customers, giving them the payment of a look-alike enactment oregon swap oregon structured merchandise to much intimately code their hazard absorption needs, whilst we payment from typically higher complaint seizure erstwhile compared to accepted listed derivatives.

We reported grounds securities mean regular measurement of implicit $12 cardinal driven by beardown show crossed some our equities and fixed income franchises. We volition interaction connected our equities concern aboriginal today, but we judge we person 1 of the astir divers equity marketplace ecosystems covering execution, marketplace making, custody and clearing, premier brokerage, arsenic good arsenic equity superior markets and probe offerings, which we acquired done the Benchmark acquisition past year. Alongside our securities and derivatives records, we besides reported grounds operating revenues derived from carnal contracts, which underscores our continuing planetary relevance successful the carnal abstraction wrong the commodities marketplace implicit consecutive quarters.

Turning to payments, we recorded our 2nd highest ADV of $92 cardinal pursuing the grounds acceptable past quarter, with year-on-year maturation of 19%. This show reflects continued engagement from organization counterparties utilizing our cross-border outgo solution. Lastly, we saw FX/CFD volumes turn by 3% year-over-year, and the gross seizure of $103 per million, up by 6%, reflecting the higher marketplace volatility seen successful this quarter. We proceed to acceptable records crossed our cardinal metrics but are mindful that the geopolitical scenery remains complex, and disciplined hazard absorption volition stay astatine the bosom of our concern arsenic we proceed to work our clients' concern needs and activities.