StoneX Reports $34.2 Million in Net Income during the Last Quarter

​StoneX Group, a leading financial services provider, has reported its financial results for the third quarter of FY 21 which ended on 30 June 2021.

According to the official results, StoneX’s total revenues for the quarter reached $10,192.1 million, which is up 24% compared to the same period in 2020. Further, the net operating revenues were $298 million, up 31% from $227.9 million in the same period a year ago.

The results of the three months ended June 30, 2021 include a gain of $3.3 million related to the acquisition of Gain in the fourth quarter of fiscal 2020, due to an adjustment to the final liabilities assumed, resulting in an adjustment from the initially determined values as of August 1, 2020.

However, the company saw a 7% decline in its net income, which decreased from $36.6 million in 3Q20 to $34.2 million in this quarter. And the diluted earnings per share came in $1.67, 11% lower than $1.87 in the same period a year ago.

“We continued to deliver strong financial results in our fiscal third quarter with a 34% increase in operating revenues and an ROE in excess of our 15% target,”Sean M. O’Connor, CEO of StoneX Group Inc., said.”The continued growth in our trading volumes across nearly all of our platforms, as well as the increase in our client equity, which now stands at nearly $6 billion, reflect the expansion of our customer footprint and their deeper engagement with StoneX."