StoneX Group Inc. Files 2024 10-K

TL;DR

StoneX Group (SNEX) filed its 2024 10-K. Full year financials and biz ops detailed.

AI Summary

StoneX Group Inc. filed its 10-K for the fiscal year ending September 30, 2024, reporting on its financial performance and business operations. The company, formerly known as INTL FCStone Inc., is a global financial services organization. Key financial details and operational highlights for the period are detailed within the filing.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of StoneX Group's financial health, strategic direction, and risk factors for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — As a financial services company, StoneX Group is subject to market volatility, regulatory changes, and credit risks inherent in the industry.

Key Numbers

• N/A — Total Revenue (Specific revenue figures are not directly extracted in this snippet but are detailed within the full filing.)
• N/A — Net Income (Specific net income figures are not directly extracted in this snippet but are detailed within the full filing.)
• N/A — Total Assets (Specific asset figures are not directly extracted in this snippet but are detailed within the full filing.)

Key Players & Entities

• StoneX Group Inc. (company) — Filer of the 10-K
• INTL FCStone Inc. (company) — Former name of StoneX Group Inc.
• 2024-09-30 (date) — Fiscal year end date
• 2024-11-29 (date) — Filing date
• 230 PARK AVE 10TH FLOOR NEW YORK NY 10169 (address) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value SNEX The Nasdaq Stock Market
• $5.7 billion — ited States ("U.S.") as measured by its $5.7 billion in required client segregated assets as
• $31 billion — ondent clearing relationships with over $31 billion in assets under management or administr

Filing Documents

• intl-20240930.htm (10-K) — 3990KB
• snex2024exh41q4roll.htm (EX-4.1) — 10KB
• exhibit_sfixsecondamendmen.htm (EX-10.29) — 53KB
• exhibit_scsxfirstamendment.htm (EX-10.31) — 72KB
• stonex-increaserequestwf20.htm (EX-10.32) — 17KB
• barclays_stonex-arfa2024.htm (EX-10.33) — 1086KB
• snex191insidertradingpolic.htm (EX-19.1) — 98KB
• snex2024exh211q4roll.htm (EX-21.1) — 42KB
• snex2024exh231q4roll.htm (EX-23.1) — 2KB
• snex2024exh311q4roll.htm (EX-31.1) — 10KB
• snex2024exh312q4roll.htm (EX-31.2) — 10KB
• snex2024exh321q4roll.htm (EX-32.1) — 5KB
• snex2024exh322q4roll.htm (EX-32.2) — 5KB
• snex971compensationrecover.htm (EX-97.1) — 29KB
• image_0a.jpg (GRAPHIC) — 23KB
• intl-20240930_g1.jpg (GRAPHIC) — 74KB
• intl-20240930_g2.jpg (GRAPHIC) — 77KB
• 0000913760-24-000187.txt ( ) — 21346KB
• intl-20240930.xsd (EX-101.SCH) — 118KB
• intl-20240930_cal.xml (EX-101.CAL) — 177KB
• intl-20240930_def.xml (EX-101.DEF) — 580KB
• intl-20240930_lab.xml (EX-101.LAB) — 1334KB
• intl-20240930_pre.xml (EX-101.PRE) — 996KB
• intl-20240930_htm.xml (XML) — 3609KB

Risk Factors

Item 1A. Risk Factors 19

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 31

Properties

Item 2. Properties 32

Legal Proceedings

Item 3. Legal Proceedings 32

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 32 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33

Reserved

Item 6. Reserved 34

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 35

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 67

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 70

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 127

Controls and Procedures

Item 9A. Controls and Procedures 127

Other Information

Item 9B. Other Information 127

Disclosure Regarding Foreign Jurisdictions that Prevent Inspection

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection 127 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 128

Executive Compensation

Item 11. Executive Compensation 128

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 128

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 128

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 128 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 129

Form 10-K Summary

Item 16. Form 10-K Summary 131

Signatures

Signatures 132 Table of Contents Throughout this document, unless the context otherwise requires, the terms "Company", "we", "us" and "our" refer to StoneX Group Inc. and its consolidated subsidiaries. Cautionary Statement about Forward-Looking Statements Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled "Risk Factors" (refer to Part I, Item 1A). We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. PART I

Business

Item 1. Business Overview of Business and Strategy We operate a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. We strive to be the one trusted partner to our clients, providing our network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. Our businesses are supported by our global infrastructure of regulated operating subsidiaries, our advanced technology platforms and our team of more than 4,500 employees as of September 30, 2024. We believe our client-first approach differentiates us from large banking institutions, engenders trust and has enabled us to establish market leading positions in a number of complex fields in financial markets around the world. We offer a vertically integrated product suite, beginning with high-touch and electronic access to nearly all major financial markets worldwide, as well as numerous liquidity venues. We deliver this access through the entire lifecycle of a trade, from deep market expertise and on-the-ground intelligence to best execution and finally post-trade clearing, custody and settlement services. We believe this is a unique product offering outside of the bulge bracket banks, which creates long-term relationships with our clients. Our business model has created a revenue stream that is diversified by asset class, client type and geography, earning commissions and spreads as clients execute transactions across our global network, monetizing non-trading client activity including interest and fee earnings on client balances as well as earning consulting and fees for our market intelligence and risk management services. We currently serve more than 54,000 commercial, institutional, and payments clients, and over 400,0

View Full Filing

View this 10-K filing on SEC EDGAR