earnings
confidence high
sentiment negative
materiality 0.75
StoneX Q2 net income $41.7M (-35% YoY); diluted EPS $1.95 (-37%)
StoneX Group Inc.
2023-Q2 EPS reported
$5.57
revenue$29,172,600,000
- Operating revenues $704.4M, up 29% YoY; interest income surged 894% to $103.4M on higher rates.
- Net income $41.7M vs $64.0M; diluted EPS $1.95 vs $3.11; ROE 13.8% vs 26.1%.
- Includes $14.6M pre-tax reorganization charges, reducing EPS by ~$0.50 and ROE by 3.4%.
- Institutional segment operating rev. up 79% to $362.5M; Retail down 35% to $78.6M.
- Interest expense attributable to trading rose 1,167% to $178.7M on higher rates and fixed-income ADV.