StoneX Group Inc. (SNEX) AI Stock Analysis
SNEX AI stock analysis summary
AI ResearchStoneX Group Inc. (SNEX) operates a global financial services network providing execution, risk management, and trading services across institutional and commercial markets. The company generated $155.78B in trailing twelve-month revenue, with quarterly earnings surging 85.2% year-over-year as of June 30, 2026. However, the business operates on thin margins, posting a trailing twelve-month profit margin of 0.3%.
- Market cap
- $6.89B
- Revenue (TTM)
- $155.78B
- P/E
- 18.9x fwd 9.8x
- 1Y return
- 28.4% S&P 500 16.8%
- Avg. target
- $66.00 15.5% vs last close
Bull case
- Trailing twelve-month return on equity reached 21.9%, supported by an 85.2% year-over-year quarterly earnings surge for the period ended June 30, 2026.
- The company expanded annual revenue at a 5-year CAGR of 19.6%, reaching $132.38B in FY2025 and generating $4.32B in free cash flow.
- StoneX Group's 5-year stock return of 317.7% significantly outpaced the S&P 500 benchmark return of 83.0%.
Bear case
- Total debt reached $20.04B as of June 30, 2026, resulting in a high debt-to-equity ratio of 7.05 and a current ratio of 0.82.
- Trailing twelve-month operating margin stands at just 0.4%, well below the US-listed Financial Services peer median of 37.7%.
- The stock price of $57.16 is 12.5% below its 200-day moving average and remains below its 52-week high of $94.66.
What StoneX does
StoneX Group Inc., formerly known as INTL FCStone Inc., operates a global financial services network connecting companies, organizations, traders, and investors to the global market ecosystem. Founded in 1924 and headquartered in New York, New York, the company operates across four primary segments: Commercial, Institutional, Retail, and Global Payments. The Commercial segment provides risk management, hedging, exchange-traded and OTC execution, clearing, voice brokerage, market intelligence, physical trading, and commodity financing. The Institutional segment offers equity trading, debt origination, fixed income dealing, asset management, and futures clearing. The Retail segment delivers spot forex, precious metals, and CFDs trading alongside wealth management, while Global Payments provides customized payment and technology solutions.
Growth and profitability
From FY2021 to FY2025, revenue grew from $42.53B to $132.38B, reflecting a 5-year revenue CAGR of 19.6%. Annual revenue expanded 32.5% in FY2025 following 64.1% growth in FY2024, while net income increased from $116.3M in FY2021 to $305.9M in FY2025. Net margins remained tight across this period, ranging from 0.2% in FY2025 to 0.4% in FY2023, with gross margin at 2.0% in FY2025. For the trailing twelve months, revenue reached $155.78B with diluted EPS of $3.02. In the latest quarter ended June 30, 2026, quarterly revenue grew 15.2% year-over-year, while quarterly earnings increased 85.2%.
Balance sheet and cash flow
As of June 30, 2026, StoneX Group held $2.19B in cash and short-term investments against total debt of $20.04B, resulting in net debt of $17.85B and total assets of $54.05B. Shareholders' equity stood at $2.84B, leading to a debt-to-equity ratio of 7.05 and a current ratio of 0.82. In FY2025, the company generated operating cash flow of $4.39B and free cash flow of $4.32B. Capital allocation in FY2025 included capital expenditures of $65.4M and dividends paid of $178.1M.
Valuation and performance
StoneX Group trades at a trailing P/E of 18.9x, above the median of its US-listed Financial Services peers of 12.1x, but its forward P/E of 9.8x sits below the peer median of 10.8x. The company trades at an EV to EBITDA of 10.7x compared to the peer median of 11.7x, and a price-to-book ratio of 2.9x. At the last close of $57.16 on October 16, 2026, the stock was up 28.4% over the past year, outperforming the S&P 500 (SPY) return of 16.8%. Over five years, the stock returned 317.7% compared to 83.0% for the S&P 500.
What analysts expect
Wall Street coverage consists of 2 analyst ratings, comprising 1 Strong Buy and 1 Hold. The mean price target of $66.00 represents a 15.5% premium to the last close of $57.16. Over the last four quarters, StoneX Group beat EPS estimates 3 times. For the current fiscal year ending September 30, 2026, analysts estimate EPS of $4.63, representing 73.0% growth, on revenue of $124.98B. For the following fiscal year, 1 analyst projects EPS of $4.73. The next earnings date is scheduled for November 23, 2026.
Key risks and what to watch
- Net debt stood at $17.85B against shareholders' equity of $2.84B as of June 30, 2026, presenting substantial leverage risk.
- Extremely thin profit margins, including a net margin of 0.2% in FY2025 and 0.3% over the trailing twelve months, leave little cushion for revenue contractions.
- Free cash flow has shown substantial volatility, dropping to -$279.0M in FY2022 before rebounding to $4.32B in FY2025.
- Share count increased by 526.8% over the past 5 years, highlighting substantial equity dilution over the period.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this SNEX AI stock analysis
This page is an AI-written research summary of StoneX Group Inc. (SNEX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: SNEX income statement, SNEX balance sheet, SNEX key metrics, SNEX analyst forecast, SNEX chart. See the SNEX stock overview for the latest quote and news.
SNEX AI stock analysis FAQ
What was StoneX Group's revenue and net income in FY2025?
In FY2025, StoneX Group reported revenue of $132.38B, an increase of 32.5% year-over-year, and net income of $305.9M.
What is the analyst price target for SNEX stock?
Analysts have set a mean price target of $66.00, which is 15.5% above the last close price of $57.16.
How does StoneX Group's valuation compare to its peers?
StoneX Group trades at a forward P/E of 9.8x, which is lower than the US-listed Financial Services peer median of 10.8x, while its trailing P/E of 18.9x is higher than the peer median of 12.1x.
When is StoneX Group's next earnings report?
The company's next earnings date is scheduled for November 23, 2026.