Filing Flows › StoneX Group (SNEX) › Q1 FY26
StoneX Group (SNEX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
StoneX Group (SNEX) reported revenue of $39.0B for the first quarter fiscal 2026 (Q1 FY26), +40% from a year earlier and +19% from the quarter before. Operating margin was 0.5%, net earnings $139M (0.4% of revenue).
StoneX Group, Q1 FY26: revenue $39.0B (+40% year over year), operating margin 0.5%, net earnings $139M, operating cash flow −$1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.0B | +19% | +40% |
| Gross profit | $1.4B | +20% | +52% |
| Operating profit | $185M | +69% | — |
| Net earnings | $139M | +62% | +63% |
| Operating cash flow | −$1.3B | -136% | — |
What changed
Revenue was $39.0B in Q1 FY26, up 40% year over year and up 19% from the previous quarter. Sales of physical commodities was the largest line at 97% of revenue. Sales of physical commodities added $10.6B year over year (up 39%), 96% of the total change.
Gross margin was 3.7%, up 0.3 points from a year earlier. Operating profit was $0.18B, a 0.5% margin (up 0.5 points year over year). Operating expenses grew 30% against revenue growth of 40%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $0.14B, up 63% year over year. The effective tax rate was 24.8%.
Operating cash flow was −$1.3B. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $1.4B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$1.3B.
Questions
What was StoneX Group's revenue in the first quarter fiscal 2026?
StoneX Group (SNEX) reported revenue of $39.0B for the first quarter fiscal 2026 (Q1 FY26), +40% from a year earlier and +19% from the quarter before.
Was StoneX Group profitable in the first quarter fiscal 2026?
Operating profit was $185M (0.5% of revenue) and net earnings $139M.
Source: StoneX Group 10-Q on SEC EDGAR.