StoneX Group Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>StoneX Group Inc. filed its quarterly 10-Q report for the period ending March 31, 2024.</b>

AI Summary

StoneX Group Inc. (SNEX) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. StoneX Group Inc. reported financial results for the period ending March 31, 2024. The filing is a 10-Q, indicating a quarterly report. The company's fiscal year ends on September 30. StoneX Group Inc. was formerly known as INTL FCSTONE INC. and INTERNATIONAL ASSETS HOLDING CORP. The filing was submitted on May 9, 2024.

Why It Matters

For investors and stakeholders tracking StoneX Group Inc., this filing contains several important signals. This 10-Q filing provides investors with an update on StoneX Group Inc.'s financial performance and position during the most recent fiscal quarter. Understanding the details within this report is crucial for assessing the company's operational health, profitability, and any potential risks or opportunities.

Risk Assessment

Risk Level: medium — StoneX Group Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information and does not inherently signal significant positive or negative developments beyond the period's performance.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand revenue streams, expenses, and any forward-looking statements.

Key Numbers

• 2024-03-31 — Period End Date (Conformed Period of Report)
• 2024-05-09 — Filing Date (Filed as of Date)
• 0930 — Fiscal Year End (Fiscal Year End)
• 20110302 — Date of Name Change (Former Company Name Change Date)

Key Players & Entities

• StoneX Group Inc. (company) — Filer
• 2024-03-31 (date) — Conformed Period of Report
• 2024-05-09 (date) — Filed as of date
• 230 PARK AVE (address) — Business Address
• NEW YORK (location) — Business Address City
• INTL FCSTONE INC. (company) — Former Company Name
• INTERNATIONAL ASSETS HOLDING CORP (company) — Former Company Name
• 10-Q (form_type) — Form Type

FAQ

Industry Context

StoneX Group Inc. operates in the financial services sector, specifically as a broker-dealer and financial services provider.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies.

What Investors Should Do

1. Analyze the revenue breakdown by segment to understand performance drivers.
2. Examine the balance sheet for changes in assets, liabilities, and equity.
3. Review any disclosures related to risk factors or legal proceedings.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-09: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, following the 2023 annual report (10-K).

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value SNEX The Nasdaq Stock Market

Filing Documents

• intl-20240331.htm (10-Q) — 3044KB
• exh101eighthamendment-ston.htm (EX-10.1) — 88KB
• exh102bokassignmentandassu.htm (EX-10.2) — 31KB
• snex2024exh311q2roll.htm (EX-31.1) — 10KB
• snex2024exh312q2roll.htm (EX-31.2) — 10KB
• snex2024exh321q2roll.htm (EX-32.1) — 5KB
• snex2024exh322q2roll.htm (EX-32.2) — 5KB
• image_0a.jpg (GRAPHIC) — 0KB
• intl-20240331_g1.jpg (GRAPHIC) — 75KB
• 0000913760-24-000094.txt (&nbsp;) — 13144KB
• intl-20240331.xsd (EX-101.SCH) — 70KB
• intl-20240331_cal.xml (EX-101.CAL) — 110KB
• intl-20240331_def.xml (EX-101.DEF) — 313KB
• intl-20240331_lab.xml (EX-101.LAB) — 781KB
• intl-20240331_pre.xml (EX-101.PRE) — 559KB
• intl-20240331_htm.xml (XML) — 2624KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 1 Condensed Consolidated Income Statements 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 7

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 61

Controls and Procedures

Item 4. Controls and Procedures 63

OTHER INFORMATION

Part II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 63

Risk Factors

Item 1A. Risk Factors 63

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64

Other Information

Item 5. Other Information 64

Exhibits

Item 6. Exhibits 64

Signatures

Signatures 65 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements StoneX Group Inc. Condensed Consolidated Balance Sheets (Unaudited) (in millions, except par value and share amounts) March 31, 2024 September 30, 2023 ASSETS Cash and cash equivalents $ 1,305.1 $ 1,108.3 Restricted cash 363.0 — Cash, securities and other assets segregated under federal and other regulations (including $ 4.1 million and $ 5.8 million at fair value at March 31, 2024 and September 30, 2023, respectively) 2,838.4 2,426.3 Collateralized transactions: Securities purchased under agreements to resell 3,744.6 2,979.5 Securities borrowed 1,430.6 1,129.1 Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $ 4,157.3 million and $ 4,248.3 million at fair value at March 31, 2024 and September 30, 2023, respectively) 7,706.5 7,443.8 Receivable from clients, net (including $( 3.4 ) million and $( 7.9 ) million at fair value at March 31, 2024 and September 30, 2023, respectively) 1,293.4 683.1 Notes receivable, net — 5.2 Income taxes receivable 32.9 25.1 Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $ 1,860.8 million and $ 1,466.4 million at March 31, 2024 and September 30, 2023, respectively) 5,666.5 5,044.8 Physical commodities inventory, net (including $ 355.2 million and $ 386.5 million at fair value at March 31, 2024 and September 30, 2023, respectively) 616.9 537.3 Deferred tax asset 42.3 45.4 Property and equipment, net 134.2 123.5 Operating right of use assets 146.4 122.1 Goodwill and intangible assets, net 79.5 82.4 Other assets 250.7 182.8 Total assets $ 25,651.0 $ 21,938.7 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Accounts payable and other accrued liabilities (including $ 1.7 million and $ 1.5 million at fair value at March 31, 2024 and September 30, 2023, respectively) $ 491.8 $ 533.0 Operating lease liabilities 181.9 149.3 Payables to: Clients (inclu

View Full Filing

View this 10-Q filing on SEC EDGAR