Filing Flows › StoneX Group (SNEX) › Q2 FY26
StoneX Group (SNEX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
StoneX Group (SNEX) reported revenue of $45.8B for the second quarter fiscal 2026 (Q2 FY26), +24% from a year earlier and +17% from the quarter before. Operating margin was 0.5%, net earnings $174M (0.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.8B | +17% | +24% |
| Gross profit | $1.6B | +9% | +64% |
| Operating profit | $227M | +23% | — |
| Net earnings | $174M | +25% | +143% |
| Operating cash flow | $2.8B | — | — |
| Free cash flow | $2.8B | — | — |
What changed
Revenue was $45.8B in Q2 FY26, up 24% year over year and up 17% from the previous quarter. Sales of physical commodities was the largest line at 97% of revenue. Sales of physical commodities added $8.3B year over year (up 23%), 94% of the total change. Sweep program fees declined 16%.
Gross margin was 3.4%, up 0.8 points from Q2 FY25. Operating profit was $0.23B, a 0.5% margin (up 0.5 points year over year). Operating expenses grew 39% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $0.17B, up 143% year over year. The effective tax rate was 23.2%.
Operating cash flow was $2.8B, 1606% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $2.6B. Capital expenditures of $0.02B left free cash flow of $2.8B.
Questions
What was StoneX Group's revenue in the second quarter fiscal 2026?
StoneX Group (SNEX) reported revenue of $45.8B for the second quarter fiscal 2026 (Q2 FY26), +24% from a year earlier and +17% from the quarter before.
Was StoneX Group profitable in the second quarter fiscal 2026?
Operating profit was $227M (0.5% of revenue) and net earnings $174M.
Source: StoneX Group 10-Q on SEC EDGAR.