$SNEX
INTL FCSTONE INC.
CIK:0000913760|SEC Filings
Condensed Consolidated Income Statements (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues: | ||||
| Total revenues | $ 40,193.0 | $ 34,828.8 | $ 124,983.8 | $ 99,654.8 |
| Cost of sales of physical commodities | 38,725.0 | 33,804.5 | 120,510.8 | 96,730.2 |
| Operating revenues | 1,468.0 | 1,024.3 | 4,473.0 | 2,924.6 |
| Transaction-based clearing expenses | 144.3 | 94.9 | 429.6 | 273.2 |
| Introducing broker commissions | 93.1 | 49.7 | 283.7 | 139.5 |
| Interest expense | 484.1 | 371.3 | 1,406.9 | 994.1 |
| Interest expense on corporate funding | 26.8 | 20.1 | 79.6 | 50.1 |
| Net operating revenues | 719.7 | 488.3 | 2,273.2 | 1,467.7 |
| Compensation and other expenses: | ||||
| Compensation and benefits | 393.8 | 267.3 | 1,156.9 | 786.9 |
| Trading systems and market information | 25.7 | 21.3 | 76.5 | 60.8 |
| Professional fees | 5.9 | 23.9 | 57.1 | 59.4 |
| Non-trading technology and support | 30.1 | 21.1 | 85.1 | 61.7 |
| Occupancy and equipment rental | 16.3 | 14.3 | 50.3 | 40.4 |
| Selling and marketing | 16.6 | 13.0 | 44.7 | 38.4 |
| Travel and business development | 10.9 | 7.9 | 39.5 | 23.4 |
| Communications | 3.3 | 2.2 | 10.7 | 6.4 |
| Depreciation and amortization | 26.9 | 14.9 | 78.8 | 46.2 |
| Bad debts, net of recoveries | (1.0) | 0.4 | 12.6 | 2.3 |
| Other | 29.7 | 15.1 | 84.4 | 46.6 |
| Total compensation and other expenses | 558.2 | 401.4 | 1,696.6 | 1,172.5 |
| Other (losses)/gains, net | (1.7) | (1.3) | (4.8) | 4.4 |
| Income before tax | 159.8 | 85.6 | 571.8 | 299.6 |
| Income tax expense | 31.9 | 22.2 | 130.6 | 79.4 |
| Net income | $ 127.9 | $ 63.4 | $ 441.2 | $ 220.2 |
| Earnings per share: | ||||
| Basic (in dollars per share) | $ 1.07 | $ 0.57 | $ 3.72 | $ 2.02 |
| Diluted (in dollars per share) | $ 1.00 | $ 0.54 | $ 3.49 | $ 1.92 |
| Weighted-average number of common shares outstanding: | ||||
| Basic (in shares) | 115,856,734 | 106,010,592 | 114,793,795 | 105,240,726 |
| Diluted (in shares) | 124,482,194 | 112,392,368 | 122,666,708 | 110,931,142 |
| Sales of physical commodities | ||||
| Revenues: | ||||
| Total revenues | $ 38,772.3 | $ 33,839.9 | $ 120,758.3 | $ 96,883.6 |
| Principal gains, net | ||||
| Revenues: | ||||
| Total revenues | 404.8 | 334.0 | 1,253.0 | 943.4 |
| Commission and clearing fees | ||||
| Revenues: | ||||
| Total revenues | 332.0 | 166.0 | 984.5 | 479.6 |
| Consulting, management, and account fees | ||||
| Revenues: | ||||
| Total revenues | 69.6 | 46.2 | 214.7 | 138.3 |
| Interest income | ||||
| Revenues: | ||||
| Total revenues | $ 614.3 | $ 442.7 | $ 1,773.3 | $ 1,209.9 |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions |
Jun. 30, 2026 |
Sep. 30, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 2,194.3 | $ 1,605.8 |
| Cash, securities and other assets segregated under federal and other regulations (including $888.5 million and $950.0 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 6,270.6 | 5,271.0 |
| Collateralized transactions: | ||
| Securities purchased under agreements to resell | 15,820.5 | 10,325.4 |
| Securities borrowed | 3,007.2 | 2,743.1 |
| Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $5,414.0 million and $6,442.9 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 11,382.1 | 12,890.7 |
| Receivable from clients, net (including $70.3 million and $58.1 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 1,329.2 | 1,333.9 |
| Income taxes receivable | 72.7 | 45.7 |
| Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $2,244.1 million and $1,165.8 million at June 30, 2026 and September 30, 2025, respectively) | 11,135.0 | 8,604.4 |
| Physical commodities inventory, net (including $413.5 million and $471.1 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 1,165.5 | 917.5 |
| Deferred tax asset, net | 27.6 | 32.0 |
| Property and equipment, net | 165.7 | 166.6 |
| Operating right of use assets | 176.9 | 161.9 |
| Goodwill and intangible assets, net | 735.0 | 736.2 |
| Other assets | 563.7 | 433.8 |
| Total assets | 54,046.0 | 45,268.0 |
| Liabilities: | ||
| Accounts payable and other accrued liabilities (including $57.5 million and $32.3 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 876.7 | 769.1 |
| Operating lease liabilities | 226.1 | 211.7 |
| Payables to: | ||
| Clients (including $1,033.2 million and $530.7 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 21,161.0 | 19,864.1 |
| Broker-dealers, clearing organizations and counterparties (including $27.0 million and $38.4 million at fair value at June 30, 2026 and September 30, 2025, respectively) | 2,222.0 | 963.4 |
| Lenders under loans | 660.7 | 782.0 |
| Senior secured borrowings, net | 1,160.9 | 1,159.0 |
| Income taxes payable | 45.0 | 22.8 |
| Deferred tax liability | 100.5 | 96.9 |
| Collateralized transactions: | ||
| Securities sold under agreements to repurchase | 17,996.1 | 13,551.0 |
| Securities loaned | 2,955.7 | 2,550.8 |
| Financial instruments sold, not yet purchased, at fair value | 3,797.3 | 2,919.8 |
| Total liabilities | 51,202.0 | 42,890.6 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value. Authorized 1,000,000 shares; no shares issued or outstanding | 0.0 | 0.0 |
| Common stock, $0.01 par value. Authorized 200,000,000 shares; 126,225,774 issued and 119,995,698 outstanding at June 30, 2026 and 123,649,546 issued and 117,419,470 outstanding at September 30, 2025 | 1.3 | 1.3 |
| Common stock in treasury, at cost. 6,230,076 shares at June 30, 2026 and September 30, 2025 | (32.8) | (32.8) |
| Additional paid-in-capital | 778.4 | 730.1 |
| Retained earnings | 2,136.0 | 1,694.8 |
| Accumulated other comprehensive loss, net | (38.9) | (16.0) |
| Total equity | 2,844.0 | 2,377.4 |
| Total liabilities and stockholders' equity | $ 54,046.0 | $ 45,268.0 |