StoneX Group Inc. has reported its financial results for the fiscal year ended September 30, 2025, in its latest 10-K filing. The company operates a global financial services network, connecting clients to the global market ecosystem through digital platforms, clearing and execution services, and expertise. StoneX completed the acquisition of R.J. O’Brien, including R.J. O’Brien & Associates, LLC, and selected affiliates, for approximately $651.9 million in cash and the issuance of 3,085,554 shares of the company’s common stock. The acquisition is expected to significantly strengthen StoneX's position as a leading FCM and enhance its role in the global financial market structure.
Additionally, StoneX completed the acquisition of The Benchmark Company, LLC, a full-service investment banking firm, for approximately $57.1 million in cash and four annual contingent payments, each capped at $7.0 million, plus a final contingent payment for any excess above the annual caps over the four-year period following the close, valued together at $25.3 million.
StoneX achieved record net operating revenues, up 16%, and net income, up 17%, in fiscal 2025, despite experiencing generally diminished commodity volatility, declining short-term interest rates, heightened interest expense, and logistical charges in its precious metals activities related to tariff-related disruptions. The company experienced growth in segment income across all operating segments, with a 45% increase in the segment income of the Institutional segment.
In terms of revenue capture on transactional volumes compared to the prior fiscal year, StoneX experienced growth in the rate per contract on listed derivatives, a decline in OTC derivatives RPC, growth in securities rate per million, a decline in FX/CFD RPM, and a decline in payments RPM.
Interest and fee income earned on client balances increased by $45.7 million, primarily driven by the acquisition of RJO, which contributed $50.0 million. However, interest expense on corporate funding increased by $10.0 million, primarily as a result of bridge loan interest expense and the incremental interest expense associated with the senior secured notes issued related to the acquisition of RJO.
The company's net income increased to $305.9 million in the fiscal year ended September 30, 2025, and diluted earnings per share was $5.89 compared to $5.31 in the fiscal year ended September 30, 2024.
StoneX's total revenues, operating revenues, and net operating revenues for the fiscal year ended September 30, 2025, showed significant increases compared to the prior year. The company's operating revenues were disaggregated across key products, highlighting growth in listed derivatives, securities, and interest/fees earned on client balances.
Following these announcements, the company's shares moved -0.42%, and are now trading at a price of $90.61. Check out the company's full 10-K submission here.
