Filing Flows › StoneX Group (SNEX) › Q3 FY26 › vs Q2 FY26
StoneX Group (SNEX) Q3 FY26 vs Q2 FY26 (quarter over quarter)
StoneX Group's revenue fell $5.6B (-12%) from $45.8B in Q2 FY26 to $40.2B in Q3 FY26. Gross margin 3.7% against 3.4% (+0.2 pts).
StoneX Group, Q3 FY26: revenue $40.2B (+15% year over year), operating margin 0.4%, net earnings $128M, operating cash flow −$1.2B. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 3.7% | 3.4% | +0.2 pts |
| Operating margin | 0.4% | 0.5% | -0.1 pts |
| Net margin | 0.3% | 0.4% | -0.1 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $40.2B | $45.8B | −$5.6B | -12% |
| Gross profit | $1.5B | $1.6B | −$98.8M | -6% |
| Cost of revenue | $38.7B | $44.2B | −$5.5B | -12% |
| Operating profit | $160M | $227M | −$67.3M | -30% |
| Operating expenses | $1.3B | $1.3B | −$31.5M | -2% |
| Pre-tax earnings | $160M | $227M | −$67.3M | -30% |
| Sales & marketing | $16.6M | $14.0M | $2.6M | +19% |
| Other operating costs | $1.3B | $1.3B | −$34.1M | -3% |
| Net earnings | $128M | $174M | −$46.4M | -27% |
| Income tax | $31.9M | $52.8M | −$20.9M | -40% |
| Operating cash sources | $1.4B | −$2.6B | $4.0B | — |
| Depreciation & amortization | $26.9M | $26.9M | $0 | 0% |
| Share-based compensation | $14.3M | $13.7M | $600K | +4% |
| Cash used in operations | $1.2B | −$2.8B | $4.0B | — |
| Working capital & other | $1.4B | −$2.6B | $4.0B | — |
Questions
How much did StoneX Group's revenue grow quarter over quarter in Q3 FY26?
StoneX Group's revenue fell $5.6B (-12%) from $45.8B in Q2 FY26 to $40.2B in Q3 FY26. Gross margin 3.7% against 3.4% (+0.2 pts).