StoneX Group
SNEX on Nasdaq. StoneX sells financial services to commercial, institutional, and individual clients worldwide. Market value $8.1bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to September 2025.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
See cheaper Financial services stocks on the list
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 17 cents. Above 10 is good.
What you pay for each dollar of net assets: $2.86.
Profit per $100 you pay: $6.48.
Quality score: 100 of 100. Price score: 43 of 100. Our list needs 70 on quality and 60 on price.
$67.43 a share, 85% above its 1-year low
Over the past year the price has ranged from $36.45 to $94.66.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $42.5bn | $66.0bn | $60.9bn | $99.9bn | $132.4bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.03bn | 0.05bn | 0.12bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsStrong, 19.6% a year
- Buying back its own sharesNo, 495% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $40.2 billion last quarter, up 15% on a year ago.
- Profit: $128 million, up 102% on a year ago.
- Spare cash over the past 12 months: $3.8 billion, up from $990 million.
- 11% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $31.1bn |
| December 2024 | $27.9bn |
| March 2025 | $36.9bn |
| June 2025 | $34.8bn |
| September 2025 | $32.7bn |
| December 2025 | $39.0bn |
| March 2026 | $45.8bn |
| June 2026 | $40.2bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $77m |
| December 2024 | $85m |
| March 2025 | $72m |
| June 2025 | $63m |
| September 2025 | $86m |
| December 2025 | $139m |
| March 2026 | $174m |
| June 2026 | $128m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 28 November 2025
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
2 long-term investors we follow own it, down from 3 last quarter. 471 funds in all.
- Royce & AssociatesChuck Royce
- Value
- $21m
- Share of fund
- 0.2%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $85m | <0.1% | Cut |
| Royce & AssociatesChuck Royce | $21m | 0.2% |
Sold out this quarter
Largest holders overall
- BlackRock$1.3bnAdded
- Vanguard Portfolio Management$474mAdded
- Vanguard Capital Management$380mAdded
- Price T Rowe Associates$370mCut
- American Century Companies$351mCut
- State Street$344mAdded
- T. Rowe Price Investment Management$277mCut
- Geode Capital Management$247mAdded
- Dimensional Fund Advisors LP$196mCut
- AltraVue Capital$163mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- BlackRock, Inc.Passive investor12.6%Since 30 September 2025
- Vanguard Portfolio ManagementPassive investor5.1%Since 30 June 2026
- T. Rowe Price Associates, Inc.Passive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 12.6% | 30 September 2025 | |
Vanguard Portfolio Management Passive investor | 5.1% | 30 June 2026 | |
T. Rowe Price Associates, Inc. Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $258,456 of shares on the open market. 11 sold $139m, $102m of it under preset trading plans.
- Smith Philip AndrewChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 28 September 2026
- Shares
- 56,250
- Price
- $65.69
- Value
- $4m
- Rotsztain DiegoChief Governance/Legal OfficerSoldunder a preset trading plan
- Date
- 16 September 2026
- Shares
- 20,298
- Price
- $67.13
- Value
- $1m
- Perkins Abigail HChief Information OfficerSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 8,924
- Price
- $68.83
- Value
- $614,218
- Rotsztain DiegoChief Governance/Legal OfficerSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 30,327
- Price
- $68.83
- Value
- $2m
- Dunaway William JChief Financial OfficerSoldunder a preset trading plan
- Date
- 14 August 2026
- Shares
- 96,490
- Price
- $66.35
- Value
- $6m
- Perkins Abigail HChief Information OfficerSoldunder a preset trading plan
- Date
- 10 August 2026
- Shares
- 4,500
- Price
- $64.81
- Value
- $291,662
- Thamodaran Dhamu R.DirectorBought
- Date
- 10 August 2026
- Shares
- 2,500
- Price
- $64.48
- Value
- $161,206
- FOWLER JOHN MOOREDirectorSoldunder a preset trading plan
- Date
- 5 August 2026
- Shares
- 1,575
- Price
- $75.41
- Value
- $118,771
- Rotsztain DiegoChief Governance/Legal OfficerSoldunder a preset trading plan
- Date
- 24 July 2026
- Shares
- 20,630
- Price
- $74.40
- Value
- $2m
- Smith Philip AndrewChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 22 July 2026
- Shares
- 45,000
- Price
- $74.32
- Value
- $3m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 September 2026 | Smith Philip Andrew Chief Executive Officer, Director | Sold under a preset trading plan | 56,250 | $65.69 | $4m |
| 16 September 2026 | Rotsztain Diego Chief Governance/Legal Officer | Sold under a preset trading plan | 20,298 | $67.13 | $1m |
| 14 September 2026 | Perkins Abigail H Chief Information Officer | Sold under a preset trading plan | 8,924 | $68.83 | $614,218 |
| 14 September 2026 | Rotsztain Diego Chief Governance/Legal Officer | Sold under a preset trading plan | 30,327 | $68.83 | $2m |
| 14 August 2026 | Dunaway William J Chief Financial Officer | Sold under a preset trading plan | 96,490 | $66.35 | $6m |
| 10 August 2026 | Perkins Abigail H Chief Information Officer | Sold under a preset trading plan | 4,500 | $64.81 | $291,662 |
| 10 August 2026 | Thamodaran Dhamu R. Director | Bought | 2,500 | $64.48 | $161,206 |
| 5 August 2026 | FOWLER JOHN MOORE Director | Sold under a preset trading plan | 1,575 | $75.41 | $118,771 |
| 24 July 2026 | Rotsztain Diego Chief Governance/Legal Officer | Sold under a preset trading plan | 20,630 | $74.40 | $2m |
| 22 July 2026 | Smith Philip Andrew Chief Executive Officer, Director | Sold under a preset trading plan | 45,000 | $74.32 | $3m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.