Business
StoneX Group Inc. Reports Fiscal 2022 First Quarter Financial Results
Quarterly Operating Revenues of $450.5 million, up 19% Quarterly Net Income of $41.7 million, ROE of 18.0% Quarterly Diluted EPS of $2.04 per share, up 108%
About this update from Stonex Group Inc.
[{"type":"text","content":"Quarterly Operating Revenues of $450.5 million, up 19% Quarterly Net Income of $41.7 million, ROE of 18.0% Quarterly Diluted EPS of $2.04 per share, up 108% NEW YORK, Feb. 07, 2022 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX), a diversified global brokerage and financial services firm providing execution, risk management and advisory services, market intelligence and clearing services across multiple asset classes and markets around the world, today announced its financial results for the fiscal year 2022 first quarter ended December 31, 2021. Sean M. O’Connor, CEO of StoneX Group Inc., stated, “We delivered strong results in our fiscal first quarter with a diluted EPS of $2.04, an ROE of 18.0% on book value and 20% on tangible book value. We continued to experience higher volumes across the board from increased client engagement and market share gains. Increased market volatility and the prospect of rising interest rates provide additional catalysts for continued growth.” 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 (“SEC”). 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)2021 2020 % ChangeRevenues: Sales of physical commodities$13,918.9 $8,883.5 57%Principal gains, net 251.1 203.4 23%Commission and clearing fees 116.3 119.4 (3)%Consulting, management, and account fees 24.1 23.0 5%Interest income 31.0 21.2 46%Total revenues 14,341.4 9,250.5 55%Cost of sales of physical commodities 13,890.9 8,870.4 57%Operating revenues 450.5 380.1 19%Transaction-based clearing expenses 70.9 65.4 8%Introducing broker commissions 38.3 38.2 —%Interest expense 15.7 9.9 59%Interest expense on corporate funding 11.8 10.5 12%Net operating revenues 313.8 256.1 23%Compensation and other expenses: Variable compensation and benefits 100.4 84.3 19%Fixed compensation and benefits 74.6 69.3 8%Trading systems and market information 16.1 13.7 18%Professional fees 11.9 9.3 28%Non-trading technology and support 13.0 10.9 19%Occupancy and equipment rental 8.7 8.6 1%Selling and marketing 11.0 8.8 25%Travel and business development 2.9 1.0 190%Co...