StoneX Group Inc. Files Q3 2024 10-Q

TL;DR

**StoneX Q3 10-Q is IN! Check financials for latest performance.**

AI Summary

StoneX Group Inc. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company, formerly known as INTL FCSTONE INC., is based in New York and operates in the security and commodity brokers, dealers, exchanges, and services sector. Key financial data and operational details for the third quarter of fiscal year 2024 are presented in this filing.

Why It Matters

This filing provides investors and analysts with a detailed look at StoneX's financial health and operational performance for the latest quarter, influencing investment decisions.

Risk Assessment

Risk Level: medium — As a financial services company, StoneX is subject to market volatility and regulatory changes inherent in the securities and commodities sector.

Key Numbers

• 0930 — Fiscal Year End (Indicates the end of the company's fiscal year for reporting.)
• 001-36045 — SEC File Number (Unique identifier for the company's SEC filings.)

Key Players & Entities

• StoneX Group Inc. (company) — Filer
• INTL FCSTONE INC. (company) — Former Company Name
• 230 PARK AVE (location) — Business Address
• NEW YORK (location) — Business Address City
• 212-485-3500 (phone_number) — Business Phone
• 20240630 (date) — Period of Report
• 20240807 (date) — Filed as of Date

FAQ

Key Financial Figures

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

Filing Documents

• intl-20240630.htm (10-Q) — 3036KB
• snex2024exh311q3roll.htm (EX-31.1) — 10KB
• snex2024exh312q3roll.htm (EX-31.2) — 10KB
• snex2024exh321q3roll.htm (EX-32.1) — 5KB
• snex2024exh322q3roll.htm (EX-32.2) — 5KB
• intl-20240630_g1.jpg (GRAPHIC) — 77KB
• 0000913760-24-000138.txt ( ) — 13156KB
• intl-20240630.xsd (EX-101.SCH) — 70KB
• intl-20240630_cal.xml (EX-101.CAL) — 115KB
• intl-20240630_def.xml (EX-101.DEF) — 312KB
• intl-20240630_lab.xml (EX-101.LAB) — 804KB
• intl-20240630_pre.xml (EX-101.PRE) — 563KB
• intl-20240630_htm.xml (XML) — 2619KB

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) June 30, 2024 September 30, 2023 ASSETS Cash and cash equivalents $ 1,220.8 $ 1,108.3 Cash, securities and other assets segregated under federal and other regulations (including $ 48.4 million and $ 5.8 million at fair value at June 30, 2024 and September 30, 2023, respectively) 2,750.4 2,426.3 Collateralized transactions: Securities purchased under agreements to resell 4,904.8 2,979.5 Securities borrowed 1,155.7 1,129.1 Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $ 3,740.4 million and $ 4,248.3 million at fair value at June 30, 2024 and September 30, 2023, respectively) 7,570.2 7,443.8 Receivable from clients, net (including $( 0.5 ) million and $( 7.9 ) million at fair value at June 30, 2024 and September 30, 2023, respectively) 871.4 683.1 Notes receivable, net — 5.2 Income taxes receivable 28.9 25.1 Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $ 1,751.0 million and $ 1,466.4 million at June 30, 2024 and September 30, 2023, respectively) 6,155.4 5,044.8 Physical commodities inventory, net (including $ 344.5 million and $ 386.5 million at fair value at June 30, 2024 and September 30, 2023, respectively) 587.4 537.3 Deferred tax asset 42.3 45.4 Property and equipment, net 142.2 123.5 Operating right of use assets 157.4 122.1 Goodwill and intangible assets, net 77.1 82.4 Other assets 266.8 182.8 Total assets $ 25,930.8 $ 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 June 30, 2024 and September 30, 2023, respectively) $ 544.9 $ 533.0 Operating lease liabilities 193.7 149.3 Payables to: Clients (including $ 387.3 million and $ 79.8

View Full Filing

View this 10-Q filing on SEC EDGAR