Filing Flows › StoneX Group (SNEX) › Q2 FY26 › vs Q1 FY26
StoneX Group (SNEX) Q2 FY26 vs Q1 FY26 (quarter over quarter)
StoneX Group's revenue rose $6.7B (+17%) from $39.0B in Q1 FY26 to $45.8B in Q2 FY26. Gross margin 3.4% against 3.7% (-0.3 pts).
StoneX Group, Q2 FY26: revenue $45.8B (+24% year over year), operating margin 0.5%, net earnings $174M, operating cash flow $2.8B. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 3.4% | 3.7% | -0.3 pts |
| Operating margin | 0.5% | 0.5% | +0.0 pts |
| Net margin | 0.4% | 0.4% | +0.0 pts |
| Free cash flow margin | 6.1% | -3.3% | +9.3 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $45.8B | $39.0B | $6.7B | +17% |
| Gross profit | $1.6B | $1.4B | $129M | +9% |
| Cost of revenue | $44.2B | $37.6B | $6.6B | +18% |
| Operating profit | $227M | $185M | $42.2M | +23% |
| Operating expenses | $1.3B | $1.3B | $86.4M | +7% |
| Pre-tax earnings | $227M | $185M | $42.2M | +23% |
| Sales & marketing | $14.0M | $14.1M | −$100K | -0.7% |
| Other operating costs | $1.3B | $1.2B | $86.5M | +7% |
| Net earnings | $174M | $139M | $35.3M | +25% |
| Income tax | $52.8M | $45.9M | $6.9M | +15% |
| Depreciation & amortization | $26.9M | $25.0M | $1.9M | +8% |
| Share-based compensation | $13.7M | $14.3M | −$600K | -4% |
| Working capital & other | $2.6B | −$1.4B | $4.0B | — |
| Operating cash flow | $2.8B | −$1.3B | $4.1B | — |
| Free cash flow (OCF − capex) | $2.8B | −$1.3B | $4.1B | — |
| Capital expenditures | $21.3M | $15.2M | $6.1M | +40% |
Questions
How much did StoneX Group's revenue grow quarter over quarter in Q2 FY26?
StoneX Group's revenue rose $6.7B (+17%) from $39.0B in Q1 FY26 to $45.8B in Q2 FY26. Gross margin 3.4% against 3.7% (-0.3 pts).