StoneX Sees 23% YoY Increase in Operating Revenues for Fiscal Year 2022 Third Quarter

StoneX Group Inc.(StoneX), a diversified global brokerage and financial services firm providing execution, risk management and advisory services, market intelligence and clearing services across multiple asset classes and markets around the world, announced its financial results for the fiscal year 2022 third quarter ended June 30, 2022, showing great increase in operating revenues on a YoY basis.

StoneX's operating revenues for the quarter was $528.8 million, up 23% YoY from $431.5 million of last year. in particular:

• The revenues of listed derivatives rose 4% to $106.1 million from $101.8 million a year earlier.

• The revenues of over-the-counter (OTC) derivatives rose 1% to $50.2 million from $49.7 million a year earlier.

• The revenues of securities transactions rose 13% to $154.6 million from $137.1 million a year earlier.

• The revenues of FX/CFD contracts rose 68% to $86.8 million from $51.8 million a year earlier.

• The revenues of global payments rose 26% to $42.8 million from $34.1 million a year earlier.

• The revenues of physical contracts rose 37% to $50.8 million from $37.2 million a year earlier.

Furthermore, the total revenues for the quarter was $18.93 billion, up 86% on a YoY basis from last year's $10.2 billion. Among them, the sales of physical goods was $18.43 billion, showing an 88% increase compared with $9.79 billion in the same period last year. Net income for the quarter increased to $49.1 million from $34.2 million in the year-ago quarter, a 44% on a YoY basis. Diluted EPS of $2.37 was $2.37, increasing 42% compared with last year's $1.67 in the same period.

Sean M. O' Connor, CEO of StoneX Group Inc., added: "Also notable was the increase in interest received on our client float, up 207%. Our financial results generated an ROE of 19.1% on stated book value and a 21.0% ROE on tangible book value for the quarter, and an ROE of 21.2% on stated book value and a 23.5% ROE on tangible book value for the year-to-date period."