Filing Flows › StoneX Group (SNEX) › Q4 FY24
StoneX Group (SNEX) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 29, 2024
StoneX Group (SNEX) reported revenue of $31.1B for the fourth quarter fiscal 2024 (Q4 FY24), +87% from a year earlier and +15% from the quarter before. Operating margin was 0.0%, net earnings $76.7M (0.2% of revenue).
StoneX Group, Q4 FY24: revenue $31.1B (+87% year over year), operating margin 0.0%, net earnings $76.7M, operating cash flow $193M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.1B | +15% | +87% |
| Operating profit | −$9.4M | — | — |
| Net earnings | $76.7M | — | — |
| Operating cash flow | $193M | — | -48% |
| Free cash flow | $176M | — | -51% |
What changed
Revenue was $31.1B in Q4 FY24, up 87% year over year and up 15% from the previous quarter. Sales of physical commodities was the largest line at 97% of revenue.
Gross margin was 3.0%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $0.01B, an operating margin of 0.0%. Operating expenses grew 17% against revenue growth of 87%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.08B, up 51% year over year. The effective tax rate was 21.8%. Non-operating items added $0.11B, 110% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.19B (down 48% year over year), 251% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.02B left free cash flow of $0.18B.
Questions
What was StoneX Group's revenue in the fourth quarter fiscal 2024?
StoneX Group (SNEX) reported revenue of $31.1B for the fourth quarter fiscal 2024 (Q4 FY24), +87% from a year earlier and +15% from the quarter before.
Was StoneX Group profitable in the fourth quarter fiscal 2024?
Operating loss was $9.4M (0.0% of revenue) and net earnings $76.7M.
Source: StoneX Group 10-K on SEC EDGAR.