GAIN Capital Generates $71.2 million of StoneX's Revenue in Q2 2021

Fazzaco learned that GAIN Capital has generated $71.2 million of StoneX's $471.4 million of revenue in the company's latest financial quarter (StoneX Q2 2021) to March 31, 2021.

In Mid-2020, StoneX Group spent $236 million buying GAIN Capital. In just the last six months, StoneX has brought in over half the acquisition price in revenues. In the previous quarter, GAIN Capital produced a revenue of $54.8 million.

StoneX has reported its Q2 2021 financial results. CEO of StoneX Group Inc., Sean M. O'Connor, said, "I believe this quarter represents the strongest core operating performance in our history, with record operating revenues, a 41% increase in net income versus the prior year and a 26.7% ROE on stated book value. This quarter demonstrates our efforts to build a diversified global franchise with growth in operating revenues and income across all of our operating segments. We continue to increase both our number of clients and their underlying volumes, which we feel positions us for success in the future."

Fazzaco earlier reported that StoneX successfully migrated GAIN Capital UK into its StoneX Financial Ltd. entity. It followed the acquisition of the GAIN Capital by StoneX in July of 2020. Additionally, the company announced several key appointments​ in recent months.