| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 92 | 16.1x | 17.8x | Top tier | |
Growth | 67 | 20.6% | 7.1% | Top tier | |
Quality | 95 | — | — | Top tier | |
Safety | 9 | — | — | Bottom tier | |
Capital Return | 9 | — | 2.12% | Bottom tier | |
Momentum | 41 | 0.8% | 2.9% | Around median | |
Sentiment | 33 | 1 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
StoneX Group Inc. operates under the ticker SNEX as a global financial services platform connecting commercial clients, institutions, and retail investors to execution, clearing, custody, financing, hedging, and payment networks. The company generates revenue from listed and over-the-counter derivatives, physical commodity contracts, securities trading and market making, FX/CFD services, cross-border payments, as well as interest and fees on client balances. The Global Prime Services platform also serves more than 700 accounts, holds client balances exceeding $16 billion, and generated approximately $140 million in net operating revenue during the twelve months ended in fiscal Q3 2026.
In fiscal Q3 2026, EDGAR data showed revenue of $40.2 billion, gross profit of $1.5 billion, and net income of $127.9 million, compared with $45.8 billion, $1.6 billion, and $174.3 million, respectively, in fiscal Q2 2026. These figures equate to a gross margin of approximately 3.7% and a net income margin of approximately 0.32%, while adjusted diluted earnings per share after the three-for-two stock split were $1. According to the company’s operating presentation, operating revenue reached $1.47 billion and net operating revenue reached $719.7 million, up 43% and 47% year over year, respectively, while net income rose 102% year over year and declined 27% from the previous quarter.
The growth mix in fiscal Q3 2026 came primarily from the Commercial and Institutional segments; Commercial net revenue increased 90% and segment income rose 119% year over year, while Institutional net revenue increased 56% and segment income rose 49%. By contrast, Self-Directed/Retail net revenue declined 17% and segment income fell 36%, while Payments net revenue increased 12% and segment income rose 22%. Return on equity reached 18.4% and return on tangible equity reached 25%, both supporting a picture of strong profitability despite the clear divergence among segments.
The analyst consensus is “Buy,” with an average price target of $112, while the highest and lowest targets are both $112; therefore, the target range does not show dispersion that can be used to measure differences of opinion. The target is approximately 18.3% above the 52-week range high of $94.66, while the full range extends from $36.44889 to $94.66; the provided data does not include a valid P/E ratio to confirm whether the valuation is high or low on an earnings basis.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Net operating revenue reached $719.7 million, up 47% year over year, while net income reached $127.9 million, up 102%. Commercial segment net revenue increased 90% and Institutional segment net revenue rose 56%, supported by derivatives, physical contracts, and securities trading. R.J. O'Brien also contributed approximately $78.8 million and Benchmark approximately $29.5 million in net operating revenue.
StoneX completed most of the migration of R.J. O'Brien clients in the United States during fiscal Q3 2026, and required client assets reached approximately $13 billion at the end of the quarter. Annual run-rate cost savings reached approximately $37–38 million, and management is targeting $45–46 million by the end of fiscal 2026 and then $50 million by the end of fiscal Q1 2027. The transaction also added $6.6 billion to average client equity and $56.9 million to total interest income and fees during the quarter.
Global Prime Services serves more than 700 accounts and holds client balances exceeding $16 billion, compared with less than $1 billion in 2019. The platform generated approximately $140 million in net operating revenue during the twelve months ended in fiscal Q3 2026 and grew at a compound annual rate exceeding 60% over seven years. Its services include execution, custody, financing, and hedging, while securities lending activities generate spread-based returns from balances exceeding $2 billion.
Automated analysis for informational purposes only — not investment advice.
The Self-Directed/Retail segment was the weakest segment in fiscal Q3 2026, with net revenue declining 17% and segment income falling 36% year over year. Average FX/CFD trading volume in the segment declined 27%, while product revenue across the company fell 19% compared with the previous year. Group net income also declined 27% and net operating revenue fell 13% from fiscal Q2 2026 as volatility moderated.
StoneX generated $111.9 million in net interest and fees on client balances in fiscal Q3 2026, an increase of $38 million year over year. The company estimates that a 100-basis-point increase or decrease in short-term interest rates would change annual net income by approximately $46.9 million, or $0.38 per share. To reduce volatility, the fixed-rate SOFR swap portfolio reached $2.55 billion, with an average duration of approximately 1.5 years and an average yield of 3.51%.
On August 12, 2026, StoneX announced an agreement to acquire Banco Travelex, a Brazilian bank specializing in foreign exchange. The combined operation is expected to process approximately $6 billion annually and serve 20,000 clients as part of the expansion of global payments. On August 19, 2026, StoneX Commodity Solutions acquired Advanced Marketing Group, which operates in animal feed, pet food ingredients, and organic fertilizers across four U.S. states and Canada.
