SNEX IR Deck Q1 2026 vF

StoneX Group Inc.

February 5th, 2026

Company Highlights

16.9%

TTM Return on Equity

(ending 12/31/25)

29% CAGR

Book Value

FY 2003- Q1'2026

31% CAGR

Operating Revenue FY 2003 - Q1'2026

1.3x Operating Revenue

16.8x EPS

2.3x Price to Book

(based on 1/30/26 market capitalization)

3

Who We Are

StoneX provides institutional-grade global market access, end-to-end clearing and execution, high-touch service and deep expertise through one trusted partner

We monetize client activity over

our global network through commissions and spreads on trades, interest earned on client deposits and fees charged for our leading expertise and market intelligence

4

Exchanges

StoneX at a Glance

Currencies

OTC Products

80,000+

Institutional, Commercial & Payments Clients

$14.5B+

Client Assets(1)

$2,522M

Equity Capital

268M

Listed Derivative Contracts Traded(2)

Staff

Countries across 6 continents

5

1. Represents the Q1'2026 quarterly average

2. Total volume traded of FX / CFD, Securities and Global Payments contracts and listed derivative contracts on a trailing 12-month basis as of December 31, 2025

Our Global Footprint

MORE THAN 480,000 CLIENT ACCOUNTS

IN MORE THAN 180 COUNTRIES

OVER 5,400 STAFF

LOCATED IN MORE THAN 20 COUNTRIES AND 6 CONTINENTS

Americas EMEA APAC

6

Company Timeline

7

Investment Highlights

UNIQUE FINANCIAL SERVICES PLATFORM

TRACK RECORD OF SUCCESS

DIVERSE AND RESILIENT BUSINESS MODEL

MULTIPLE MACRO DRIVERS OF GROWTH

OPPORTUNISTIC INDUSTRY CONSOLIDATOR

8

Unique Financial Services Platform

Global Diversified Client Base

Risk Profile

% of Total Net Operating Revenue

Segment Description

TTM Net Operating Revenue

TTM Segment Income

Trailing Twelve Months (TTM) balances reflect fiscal year figures ending December 31, 2025,. 9

Track Record of Success

STOCKHOLDER RETURN LONG-TERM FINANCIAL PERFORMANCE

9,000

8,000

7,000

Index = (2003 = $100)

6,000

CAGR

22%

$5,000

$4,500

$4,000

$3,500

$3,000

CAGR

31%

31%

5,000

$2,500

29%

4,000

3,000

$2,000

$1,500

2,000

1,000

-

$1,000

8%

$500

5%

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

LTM Dec-25

$0

SNEX Russell 2000 Nasdaq Financial 100

Shareholders equity Operating Revenue Market Cap

Years are SNEX financial years ending on 30 September

Superior growth rates and financial performance

10

Track Record of Success

OPERATING REVENUE ($MM) NET INCOME ($MM)

$5,000

$4,500

$4,000

$3,500

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

$1,673

$2,107

$2,914

$3,436

$4,127

$4,621

$400

$360

$320

$280

$240

$200

$160

$120

$80

$40

$0

$116

$207 $239

$261

$306

$360

2021 2022 2023 2024 2025 TTM Q126

2021 2022 2023 2024 2025 TTM Q1'26

STOCKHOLDER'S EQUITY ($MM) ADJUSTED NET INCOME* ($MM)

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

$904 $1,070

$1,379

$1,709

$2,377 $2,522

$400

$360

$320

$280

$240

$200

$160

$120

$80

$40

$0

$124

$215 $223

$264

$307

$362

2021 2022 2023 2024 2025 TTM Q1'26

2021 2022 2023 2024 2025 TTM Q1'26

*The adjusted net income is presented to reflect net income for each period, adjusted to exclude the effects of gain on acquisitions, and acquisition-related expenses, net of tax. Reconciliations of Non-GAAP measures to relevant GAAP measures are found in

Appendix 11

Diverse & Resilient Business Model

Commercial

Institutional

Payments

Self-Directed/Retail

• Agricultural producers

• Energy and resource extractors

• Manufacturers and processors

• Merchants and market intermediaries

• Global traders and distributors

• Industrial consumers

• Asset managers

• Mutual funds

• ETFs

• Hedge funds

• Banks and depositories

• Pension funds

• Corporates

• Insurance companies

• Sovereigns

• Government agencies

• Municipalities

• Specialized investment firms

• Educational institutions

• IDOs and NGOs

• HNW familiesand individuals

• Individual investors

• Private wealth and advisory clients

  Risk management and

  hedging

  Strategic advisory and

  capital services

  Global execution, clearing

  and custody

  Global market access via

  digital platforms

  Liquidity provider and

  StoneX provides critical expertise and service throughout the financial services ecosystem. Providing multi-asset execution, hedging, clearing and settlement, custody, and financing

market-maker

12

Industry Backdrop: Supportive Macro Environment

Interest Rates Equities Other ▪ Increasing demand for derivative

$14.6

Listed Derivatives

Exchange Volume (in 000s)

2.0x

13,963

28,129

products to hedge and risk manage global economic uncertainty

• Innovation driving the expansion of products and new commodity classes

• Growing retail interest and participation driving increased engagement

• Growth across all key asset classes relevant to StoneX, such as agricultural commodities and metals

  2.1x

  US Equities

  Exchange Volume (in billions)

  $6.9

  COVID and has remained at elevated

  levels

  • Popularity of ETPs (Exchange Traded Products) which can provide diversification and efficiency for investors

  • Increased market access by international investors and after-hours trading

  • StoneX acts as wholesale market-maker and offers execution, clearing, and prime

    2015 2025

    2015 2025

    services

    Treasury Agency MBS Other▪ Growing government borrowing has led

  • Wholesale cross-border payments was

    1,600.0

    Fixed Income

    Exchange Volume (in billions)

    1,400.0

    1,200.0

    1,000.0

    800.0

    600.0

    400.0

    200.0

    0.0

    2.0x

$730

$1,478

to record Treasury issuance

• Interest rate volatility and inflation concerns has driven trading activity

• Electronification of the fixed income market has improved liquidity and accessibility

• StoneX offers a full suite of products and services, including DCM, in the fixed income market (inc. agencies, treasuries, MBS, repo and collateral financing)

  Wholesale,

  Cross-Border Payments

  $155

  $ trillions

  Retail,

  $40

  $155T in 2024, and is expected to grow to $290T in 2030(1), with non-banks (like StoneX) expected to grow share of market from ~8% to 16%

  • Growth is expected due to innovation in digital payments, increased transparency and global trade and investment

  • StoneX remains well-positioned given its capabilities and established bank

    2015 2025

    1. FXCintelligence, Jefferies Research and Flagship Advisory Partners

    2. Source: CME, CBOE, SIFMA

  network

  13

  
  
  Commercial Segment

  Comprehensive Risk Management & Trading Solutions for Global Commodity Markets

  Main client segments

  Primary services and markets

  • Leverages deep market knowledge and access to exchange-traded and OTC derivatives to help companies analyze risks

    Agricultural producers & growers	Energy & resource extractors	Manufacturers & processors
    Merchants & market intermediaries	Global traders & distributors	Corporate consumers & industrial end-users

    • Farms

    • Cooperatives

    • Plantations

    • Oil and gas producers

    • Mining companies

    • Renewable energy firms

    • Food processors

    • Refineries

    • Metal fabricators

    • Grain elevators

    • Introducing brokers

    • Importers

    • Corporations and

    • Wholesalers

    • Exporters

    • institutions

    • Swaps dealers

    • Cross-border trading houses

    • Industrialbuyers

    • Auto manufacturers

    • Beverage companies

    Trade Advisory &

    and implement effective hedging strategies.

    Execution ▪ Products & Services: listed and OTC derivatives, derivative market-making, tailored OTC swaps, physical commodities, embedded price protection in physical commodities

    • Act as principal, managing supply chains end-to end for clients. We purchase, transport, store, and sell commodities, offering marketing, procurement, pricing, and logistics

      Financial & Operational Highlights (TTM)

      Supply Chain

      Management

      Operating Revenue Up 31% YoY					Transaction volum listed derivatives Up 45% YoY
      TTM Q1'26			$1,199	TTM Q1'26	59,575
      TTM Q1'25		$913		TTM Q1'25	40,992
      	In millions				# of contracts (000s)

      e,

      Market Intelligence

      solutions.

• Products & Services: Transportation& logistics, inventory management and trade administration & pricing.

• We aggregate and analyze internal and external data to deliver actionable market insights and decision-making tools via unparalleled client network and over 350 commodity professionals.

• Products & Services: Financial market and FX data, supply chain and logistics data, fundamental analysis, technical, analysis, production and inventory data.

  Trailing Twelve Months (TTM) figures reflect full year figures ending December 31, 2025, vs full year ending December 31, 2024 14

  
  
  Institutional Segment

  End-to-End Trade Lifecycle Support with Reliability & Expertise

  Main client segments

  Primary services and markets

  • Transactions in over 140 currencies

Financial & Operational Highlights (TTM)

Operating Revenue

Up 37% YoY

Trading

Capabilities

Customized financing

Global Execution

Global clearing & custody

Transaction volume, securities (ADV)

Up 23% YoY

• Execution in over 185 countries

• Access to 40+ derivatives exchanges

• Securities lending

• Repo and collateral financing

• Portfolio swaps

• Margin financing

• Market maker in 16k+ securities

• Trading 100+ fixed income products across 30 desks

  • Self-clearing U.S. custody

  • Systems are fully integrated across execution, financing, and settlement

    Transaction volume, listed derivatives

    Up 18% YoY

    TTM Q1'26

    $2,825

    TTM Q1'26

    $9,565

    TTM Q1'26

    208,789

    TTM Q1'25

    $2,066

    TTM Q1'25

    $7,790

    TTM Q1'25

    176,240

    In millions In millions # of contracts (000s)

    Trailing Twelve Months (TTM) figures reflect full year figures ending December 31, 2025, vs full year ending December 31, 2024 15

    
    
    Self-Directed/Retail Segment

    Expanding Opportunities, Strategic Growth & Market Differentiation

    Main client segments

    Primary services and markets

    • Today: CFDs, FX, bullion, futures and options, stocks/cash equities, wealth management

      Individual investors	High-net-worth individuals (HNWIs)
      Precious metals and commoditiestraders	Private wealth and advisory clients

      • Active traders

      • Speculative traders

      • Long-term investors

      • Active traders

      • Wealth builders

      • Long-term investors

      • Bullion buyers

      • Digital metals traders

      • Commodity and financial derivatives traders

      • HNWIs

      • UHNWIs

      • Retirees or pre-retirees

      • Families / multi-generational

      • Entrepreneurs / business owners

      Products

      Geography

    • Future: Crypto, global payments, OTC derivatives, fixed income

    • Today: US, Canada, UK, Germany, Poland, Australia, China, Japan, Singapore, Middle East, LATAM

    • Future: South-East Asia, Rest of Europe

      Financial & Operational Highlights (TTM)

      Operating Revenue

      Down 10% YoY

      Customers

      Transaction volume, FX/CFD contracts ADV Up 18% YoY

    • Today: Active traders, speculative traders, HNW individuals, bullion investors, wealth builders

    • Future: Agricultural hedgers, commodity traders

  Segment Income

  Down 35% YoY

  TTM Q1'26

  $378

  TTM Q1'26

  $8,468

  TTM Q1'26

  $93

  TTM Q1'25

  $420

  TTM Q1'25

  $7,151

  TTM Q1'25

  $143

  In millions

  In millions

  In millions

  Trailing Twelve Months (TTM) figures reflect full year figures ending December 31, 2025, vs full year ending December 31, 2024 16

  
  
  Payments Segment

  Global FX Settlement & Cross-Border Transactions

  Main client segments Primary services and markets

  IDOs and NGOs	Financial institutions
  Corporations	Higher Education

  • International development organizations

  • Supranational organizations

  • Charities

  • Governments

  • Commercial banks

  • Regional and central banks

  • Multilateral development banks

  • Non-bank financial institutions

  • Multinational corporations

  • Merchants and Marketplaces

  • Logistics and shipping companies

  • Manufacturing and industrial companies

  • Post-secondary institutions

  • Graduate and professional programs

  • Trade and technical institutes

  • Specialized and research institutes

  Traditional payments model

  StoneX payments model

• Intermediary banks: Multiple resulting in delays / higher costs

• Transparency: No visibility on rates or fees

• Speed: Slower due to intermediaries

• Cost efficiency: Higher due to multiple parties

• Intermediary banks: None, StoneX settles directly

• Transparency: Rate agreed upon prior to transfer

• Speed: Faster due to direct settlement

• Cost efficiency: Lower

Financial & Operational Highlights (TTM)

Operating Revenue

Up 3% YoY

Transaction volume, Payments ADV

Up 14% YoY

Segment Income

Up 4% YoY

TTM Q1'26

$213

TTM Q1'26

$82

TTM Q1'26

$117

TTM Q1'25

$207

TTM Q1'25

$72

TTM Q1'25

$112

In millions In millions

Trailing Twelve Months (TTM) figures reflect full year figures ending December 31, 2025, vs full year ending December 31, 2024

In millions

17

Market Opportunity

Multiple Drivers for Growth

Commercial

Well-positioned for evolving markets (volatility, supply chains, ESG)

High-touch advisory services in areas underserved by the large banks

Tech-driven access to smaller and remote clients beyond traditional models

Self-Directed/Retail

Advanced KYC/AML and funding technology streamline onboarding

Expand into emerging markets (EM) via Tier 1 licenses and turnkey solutions

Single-entry point for 13,000+ OTC/FX, listed equities, fixed income, and crypto

Institutional

Strong compliance positioning in a shifting regulatory landscape

Payments

Banks exiting EM and FM due to rising compliance and regulatory costs

Broader product offerings and internalized spreads improve margins

High EM growth fuels demand for niche payment solutions

Growth in emerging markets and SME lend - areas underserved by traditional banks

Modern tech enablesscalable onboarding without major cost increase

18

StoneX's financial strength, regulatory position, and publicly traded status make it a trusted acquirer and integrator

Client-centric business

30+

Broadens capabilities

Acquisitions Over Last Decade

One of the key tenets of our business model is our role as an opportunistic value-focused industry consolidator which enabled us to enhance and grow our business, while delivering value to our clients worldwide. Achieved with minimal shareholder dilution, mostly financed organically and enabled by the power of compounding.

Clear value creation case

+1027%

Limited leverage

Share Price

(Rebased(1))

Select Strategic Acquisitions

Mar-07

Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16 Mar-17 Sep-17 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25

Sep-25

Notes: Dates shown for select precedent transactions reflective of initial announcement date

1. Rebased to 15-Mar-07, date of FCStone's initial public offering on NASDAQ Exchange for ~$130M of net proceeds

2. Later announced merger of wholly owned subsidiary Sterne, Agree & Leach in Jul-17 as part of further consolidation of entities

Russell 2000

Highly opportunistic

+217%

19