Short answer
StoneX Group Inc. (SNEX) filed its fiscal 2025 10-K annual report with the SEC on Nov 28, 2025. It reported revenue of $132.4B (+32.5% year over year) and net income of $306M.
- Top risk flagged: Geopolitical risk not detailed in provided text
FY2025 key financial metrics · XBRL
- Revenue
- $132.4B
- +32.5% YoY
- Net income
- $306M
- +17.3% YoY
- Gross margin
- 3.1%
- −0.3 pp YoY
- EPS (diluted)
- $5.89
- −26.0% YoY
- ROE
- 12.9%
- −2.4 pp YoY
- Operating cash flow
- $4.4B
- +765.7% YoY
Source: XBRL data from the StoneX Group Inc. (SNEX) FY2025 10-K on SEC EDGAR. USD.
StoneX Group Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Institutional-grade financial services including execution, clearing, custody, and prime brokerage across global derivatives, FX, securities, and OTC markets
- Two major acquisitions closed July 2025: R.J. O’Brien ($651.9M cash + stock, $125.7M debt assumed) and Benchmark Company ($57.1M cash + contingent payments) expanding futures brokerage and investment banking
- Strategic shift: Strengthened position as leading Futures Commission Merchant (FCM) and enhanced equity/debt capital markets capabilities via Benchmark acquisition
- Employee count rose 19% to 5,430 post-acquisitions; net operating revenues up 16% to $2.05B; operating revenues increased 20% to $4.13B with RJO contributing $141M revenue
- Issued $625M Senior Secured Notes at 6.875% interest to finance RJO acquisition; three-for-two stock split executed March 2025
Management Discussion & Analysis
- Cash flow, buybacks, dividends, capex details not stated
- Forward-looking risks include economic, regulatory, market uncertainties and integration of RJO acquisition
Risk Factors
- Geopolitical risk not detailed in provided text
- Cybersecurity risk with CISO managing incident detection, response, and remediation since 2023
- Operational risk from reliance on CIO and CISO leadership with 20+ years experience each
- No competitive or market disruption risk identified in provided text
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