Stonex Group Inc. · NASDAQ:SNEX
Stonex — Q1 2026 Earnings Presentation
17 slides from Stonex's earnings presentation, Feb 5, 2026
Slide 1: Earnings Call: 1st Quarter 2026
Earnings Call: 1st Quarter 2026 StoneX Group Inc. February 5 th, 2026
Slide 2: Disclaimer
Disclaimer The StoneX Group Inc. group of companies provides financial services worldwide, including physical commodities, securities, exchange -traded and over -the-counter derivatives, risk management, global payments and foreign exchange products, through its subsidiaries, in accordance with appl
Slide 3: Financial Overview
Financial Overview Bill Dunaway Chief Financial Officer
Slide 4: Fiscal Q1 2026 & TTM Highlights
Fiscal Q1 2026 & TTM Highlights First Quarter (1) Highlights Operating Revenues Net Income • Versus the prior year quarter: • Net operating rev. (“NOR”) up $232.3mm or 47% • Total fixed comp. and other exp. up $75.6m or 31% $1,438.2mm $139.0mm Up 52% Up 63 % • On a consecutive quarterly basis (vs. Q
Slide 5: Fiscal Q1 2026 Product Results & Key Metrics
Fiscal Q1 2026 Product Results & Key Metrics Listed Derivatives Contracts (‘000s) & Rate per Contract $269.1mm 84,120 $2.84 Up 141% Up 58% Up 40% (4) by Product OTC Derivatives Contracts (‘000s) & Rate per Contract $63.1mm 1,007 $63.55 Up 72% Up 17% Up 48% Key Operating Metrics Physical Contracts Co
Slide 6: Net Operating Revenue - Fiscal Q1 2026 & Trailing Twelve Months
Net Operating Revenue - Fiscal Q1 2026 & Trailing Twelve Months $26.5 $38.1 $(2.6) $724.4 $58.3 $(30.8) $18.7 $68.4 $55.7 Fiscal Q1 2026 ($millions) $492.1 47% Interest, net / fees Q1'25 Securities Listed derivatives Other Physical contracts earned on client OTC derivatives Payments FX/CFD contracts
Slide 7: Segment Performance – Fiscal Q1 2026
Segment Performance – Fiscal Q1 2026 Commercial Institutional Self -Directed/Retail Payments 400.0 350.0 $316 $324 300.0 65% 86% Net 250.0 $192 200.0 $174 Operating 150.0 $92 (34)% Revenue 100.0 50.0 $61 $55 (3)% $54 - Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Segment 54% 57% 45% 43% 60% 30% 6
Slide 8: Segment Performance – Trailing Twelve Months
Segment Performance – Trailing Twelve Months Commercial Institutional Self -Directed/Retail Payments 1,000.0 $894 $1,007 19% 800.0 $748 54% Net 600.0 $656 Operating $307 (18)% $251 2% 400.0 $197 $201 Revenue 200.0 - TTM Q1'25 TTM Q1'26 TTM Q1'25 TTM Q1'26 TTM Q1'25 TTM Q1'26 TTM Q1'25 TTM Q1'26 Segm
Slide 9: Interest Rate Sensitivity
Interest Rate Sensitivity Interest/Fees Earned on Client Balances by Quarter Annualized Interest Rate Sensitivity $200 $140 Potential + / - Incremental Change in Net Interest & 12b1 Fees Earned (USDmm) (2) $180 $115.5 $112.2 $120 Annual Rate Change Post-tax Effect on Incremental Effect on $160 $34.7
Slide 10: Integration Update
Integration Update
Slide 11: RJO Integration Update
RJO Integration Update Synergies On Track ▪ Current realized annual RR expense synergies of ~$21mm Expense ▪ Remain on track by Q2 to complete consolidation of non-US businesses Synergies ▪ US FCM consolidation work in-flight and expected to be completed by end $50mm of Q4 ▪ UK business combination
Slide 12: Global Hedging
Global Hedging Philip Smith Chief Executive Officer Segment Spotlight
Slide 13: Global Hedging Customers Served
Segment Spotlight Global Hedging Customers Served Agricultural Producers & Global Hedging and Risk Management Growers Expertise Co -operatives and Importers Deep Market Access Across 40+ Global Derivative Exchanges Farmers Merchants and Market Customized OTC and Structured Product Intermediaries Sol
Slide 14: What differentiates StoneX in this space?
What differentiates StoneX in this space? ▪ Comprehensive clearing and execution capabilities across 40 + commodity exchanges worldwide. ▪ Registered swap dealer allows StoneX to offer more than 300 OTC products and customized structured product solutions to clients . StoneX is uniquely positioned a
Slide 15: Global Hedging: Key Strategic Objectives
Global Hedging: Key Strategic Objectives Grow and Diversify Our Build Our Ecosystem Digitize Our Business Client Base Increase Efficiency and Client Expand Products and Services Increase Market Share Engagement Expand OTC product breadth and Further develop expansive Further develop ERP integration
Slide 16: Closing Thoughts
Closing Thoughts • Record net income of $139.0mm, up 63% versus prior year . Diluted EPS of $2.50, up 48% versus prior year . • ROE for the quarter of 22.5% and 16.9% for the trailing twelve months ending December 31, 2025 . • BV per share $48.17– up $11.18, or 30 % versus prior year • Results over
Slide 17: Thank you
Thank you