Stonex Group Inc. (SNEX)
NASDAQ:SNEX
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.23Last Year’s EPS
0.81Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong, largely positive performance driven by the RJ O’Brien acquisition and broad product strength: record net income, EPS, and ROE, substantial YoY revenue and volume gains across listed and OTC derivatives, physical contracts, and securities, material increases in client assets and interest income, progress on integration synergies, and the end of major litigation. Offsetting items include elevated operating expenses (compensation, severance, acquisition-related costs), higher bad debt expense, some rate compression in securities and payments, mark-to-market adjustments, and early signs of moderation in activity entering April. On balance, the favorable drivers—large revenue/volume growth, acquisition contribution, margin expansion in many products, realized synergies trajectory, and reduced legal overhang—materially outweigh the headwinds.Company Guidance
Record Net Income, EPS and Returns
Second-quarter net income of $174.3 million (record) up 143% year-over-year; diluted EPS of $2.07, up 120% year-over-year. Quarterly return on equity of 26.5% and return on tangible equity of 37% for the quarter; trailing twelve‑month ROE of 19.8%.
Strong Top-Line Growth
Operating revenues of approximately $1.6 billion, up 64% versus prior year and up 9% sequentially. Net operating revenues increased 70% year-over-year and 14% versus the immediately preceding quarter.
Client Assets and Trading Volumes Expanded
Average client equity and FDIC sweep balances of $15.2 billion, up 91% year-over-year and up 4% sequentially. Listed derivatives volumes approached ~100 million contracts; OTC derivatives transacted over 1.5 million contracts (68% increase year-over-year). Securities average daily volume exceeded $12 billion.
Product-Level Strength Across Derivatives, Physicals, Securities
Listed-derivative operating revenues increased $189.4 million (148% YoY), with RJ O’Brien contributing $151.7 million. OTC derivatives operating revenues increased 98% YoY (89% vs prior quarter). Physical-contract operating revenues increased 162% YoY (precious metals +$116.1M). Securities operating revenues up 38% YoY (volumes +35%).
Payments and FX Momentum
Payments average daily volume (ADV) of $92 million, the second-highest on record, with ADV up 19% year-over-year and payment revenues up 14% YoY. FX/CFD volumes grew 3% YoY and revenue capture rose to $103 per million (+6%).
Interest Income Expansion and Hedging Progress
Interest and fee income on client float increased $54.8 million (54% YoY); RJ O’Brien contributed $53.9 million of that. Additional $600 million in fixed-rate SOFR swaps entered in the quarter, bringing aggregate swap position to $1.8 billion (avg duration ~2 years, avg rate 3.38%). A 100-basis-point short-term rate move estimated to change annualized net income by $47.6 million ($0.58 per share).
RJ O’Brien and Acquisition Contribution
RJ O’Brien contributed approximately $35 million in pre-tax net income for the quarter excluding acquired-intangible amortization and a $7.7 million negative mark-to-market on its investment portfolio. Acquisition drove significant revenue and interest-income gains.
Progress on Integration Synergies
Integration synergies are progressing: reported synergies in Q2 with an exit run-rate of a little over $8 million/month (≈$32 million annualized). Company expects to reach roughly $45 million by fiscal year-end and target ~$50 million when fully realized.
Resolution of Major Litigation
Concluded key legal matters (BTIG arbitration, option sellers arbitrations, patent case from GAIN Capital acquisition) with immaterial net payments; end of large-scale litigation reduces near-term legal uncertainty and expenses.
Technology and AI Initiatives
Company accelerating enterprise AI adoption across payments, client support, reconciliation/settlement automation and software development productivity; cited example of feature developed 2–4x faster with AI — signaling potential operating-efficiency gains going forward.
SNEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SNEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $106.39 | $120.90 | +13.64% |
Feb 04, 2026 | $78.25 | $75.70 | -3.25% |
Nov 24, 2025 | $56.00 | $59.41 | +6.09% |
Aug 05, 2025 | $64.64 | $54.63 | -15.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Stonex Group Inc. (SNEX) report earnings?
Stonex Group Inc. (SNEX) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Stonex Group Inc. (SNEX) earnings time?
Stonex Group Inc. (SNEX) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNEX EPS forecast?
SNEX EPS forecast for the fiscal quarter 2026 (Q3) is 1.23.