StoneX Group (SNEX) Q2 2026 earnings summary

Executive summary

• Achieved record net income of $174.3 million in Q2 FY2026, up 143% year-over-year, with diluted EPS of $2.07, up 120% year-over-year, and record net operating revenues, driven by strong performance across all segments and successful integration of R.J. O'Brien and Benchmark acquisitions.

• Return on equity reached 26.5% for the quarter and 19.8% for the trailing twelve months.

• Book value per share increased 33% to $34.16 compared to the prior year.

• Growth was fueled by heightened market volatility, increased client demand, and robust transactional volume in listed and OTC derivatives, securities, and payments.

• AI initiatives are accelerating operational efficiency, client support, and product development.

Financial highlights

• Q2 FY2026 operating revenues were $1.57 billion, up 64% year-over-year; net operating revenues increased 70% year-over-year and 14% sequentially.

• Net income for Q2 FY2026 was $174.3 million, up 143% year-over-year; diluted EPS was $2.07.

• Adjusted EBITDA for Q2 FY2026 was $296.9 million, up 115% year-over-year.

• Return on equity for Q2 FY2026 was 26.5%; tangible ROE was 37%.

• Book value per share ended at $34.16, up 33% year-over-year.

Outlook and guidance

• Management expects continued benefit from market volatility, supporting client activity and long-term growth, with focus on expanding product capabilities and integrating recent acquisitions.

• Integration of R.J. O'Brien expected to be substantially completed later in the fiscal year, with synergy targets reaffirmed and a synergy run rate at $32 million annualized, targeting $50 million by completion.

• The company intends to renew or replace expiring credit facilities and believes its liquidity position is strong.