StoneX’s Net Income Fell YoY 91% in Q4 Fiscal 2021

StoneX Group Inc. (StoneX), a diversified global brokerage and financial services firm, has posted on Monday its financial results for the fourth quarter ended September 30 of the fiscal year 2021, disclosing that its net income fell from $77.4 million of the same period last year to $7.3 million, down 91%.

The revenues totaled $11,846.8 million, decreasing YoY 17%, while commission and clearing fee rose YoY 10% to $114.0 million, and interest income increased YoY 44% to $30.0 million.

Net operating revenues reached $261.7 million, up YoY 16%, and introducing broker commissions at $39.7 million, up YoY 17%. Regarding the diluted earning per share, the figure dropped YoY 91% to $0.36.

"Although our fourth quarter earnings were below our long-term target, we were pleased to see that for the fiscal year we achieved record operating revenues and a 13.9% ROE. Last year included the significant non-recurring gain on our acquisition of Gain Capital Holdings, Inc. ("Gain"), adjusting for that we saw that our core operating performance exceeded fiscal 2020, with adjusted net income up 24% and an adjusted ROE of 14.9%," Sean M. O'Connor, CEO of StoneX, commented.