StoneX Group Inc. (SNEX) FY2025 10-K Annual Report
StoneX Group Inc. (SNEX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
StoneX Group Inc. FY2025 10-K Analysis
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
- • Revenue and YoY change not disclosed in provided text
- • Profitability or margin figures not provided in excerpt
- • No segment performance data included in text
- • Cash flow, buybacks, dividends, capex details not stated
- • Forward-looking risks include economic, regulatory, market uncertainties and integration of RJO acquisition
Risk Factors
- • No specific regulatory or legal risk named in provided text
- • 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
StoneX Group Inc. FY2025 Key Financial MetricsXBRL
Revenue
$132.4B
▲ +32.5% YoY
Net Income
$306M
▲ +17.3% YoY
Gross Margin
3.1%
▼ -32bp YoY
Net Margin
0.2%
▼ -3bp YoY
ROE
12.9%
▼ -239bp YoY
Total Assets
$45.3B
▲ +64.8% YoY
EPS (Diluted)
$5.89
▼ -26.0% YoY
Operating Cash Flow
$4.4B
▲ +765.7% YoY
Source: XBRL data from StoneX Group Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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