Filing Flows › StoneX Group (SNEX) › Q4 FY25
StoneX Group (SNEX) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 28, 2025
StoneX Group (SNEX) reported revenue of $32.7B for the fourth quarter fiscal 2025 (Q4 FY25), +5% from a year earlier and -6% from the quarter before. Operating margin was 0.3%, net earnings $85.7M (0.3% of revenue).
StoneX Group, Q4 FY25: revenue $32.7B (+5% year over year), operating margin 0.3%, net earnings $85.7M, operating cash flow $3.5B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.7B | -6% | +5% |
| Gross profit | $1.2B | +17% | +31% |
| Operating profit | $109M | — | — |
| Net earnings | $85.7M | +35% | +12% |
| Operating cash flow | $3.5B | +137% | 18× |
| Free cash flow | $3.5B | +138% | 20× |
What changed
Revenue was $32.7B in Q4 FY25, up 5% year over year and down 6% from the previous quarter. Sales of physical commodities was the largest line at 97% of revenue.
Gross margin was 3.7%, up 0.7 points from Q4 FY24. Operating profit was $0.11B, a 0.3% margin (up 0.4 points year over year). Operating expenses grew 18% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $0.09B, up 12% year over year. The effective tax rate was 21.5%.
Operating cash flow was $3.5B (up 1733% year over year), 4118% 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 $3.4B. Capital expenditures of $0.02B left free cash flow of $3.5B.
Questions
What was StoneX Group's revenue in the fourth quarter fiscal 2025?
StoneX Group (SNEX) reported revenue of $32.7B for the fourth quarter fiscal 2025 (Q4 FY25), +5% from a year earlier and -6% from the quarter before.
Was StoneX Group profitable in the fourth quarter fiscal 2025?
Operating profit was $109M (0.3% of revenue) and net earnings $85.7M.
Source: StoneX Group 10-K on SEC EDGAR.