How does StoneX Group (SNEX) make money?

StoneX Group (SNEX) generates revenue primarily from Precious Metals Trading, which accounted for 96% of total revenue in TTM through Q1 2026. The company reported $152.34B in revenue and converted 0.3% of it into net profit, equivalent to roughly $462.40M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of StoneX Group (SNEX)?

StoneX Group (SNEX) reported a gross profit margin of 2.3% in TTM through Q1 2026, equivalent to $3.54B in gross profit on $152.34B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of StoneX Group (SNEX)?

StoneX Group (SNEX) reported an operating profit margin of 1.6% in TTM through Q1 2026, equivalent to $2.42B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of StoneX Group (SNEX)?

StoneX Group (SNEX) reported a net profit margin of 0.3% in TTM through Q1 2026, equivalent to $462.40M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is StoneX Group (SNEX) profitable?

Yes. StoneX Group (SNEX) reported $462.40M in net income for TTM through Q1 2026, with a net profit margin of 0.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does StoneX Group (SNEX) spend on capital expenditures?

StoneX Group (SNEX) spent $73.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does StoneX Group (SNEX) generate?

StoneX Group (SNEX) generated $7.90B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 5.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of StoneX Group (SNEX)?

StoneX Group (SNEX) had an effective tax rate of 23.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of StoneX Group (SNEX)?

StoneX Group (SNEX) reports revenue across 23 reportable product segments, led by Precious Metals Trading at 96% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does StoneX Group (SNEX) generate most of its revenue?

Middle East and Asia is the largest geographic market for StoneX Group (SNEX), accounting for 88.7% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How StoneX Group Makes Money: 2026 Visual Revenue Map

StoneX Group (SNEX) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

StoneX Group (SNEX) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for StoneX Group (SNEX) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Precious Metals Trading	$146.23B	96%
Precious Metals Retail Sales	$2.97B	2%
Commission and Clearing Fees	$856.75M	0.6%
Sales Based Commissions	$785.05M	0.5%
Exchange-Traded Futures and Options	$454.18M	0.3%
Clearing Service	$305.33M	0.2%
Consulting, Management And Account Fees	$271.00M	0.2%
Equities and Fixed Income Commissions	$95.04M	0.1%
Other segments	$375.04M	0.2%
Total	$152.34B	100%

Precious Metals Trading$146.23B
Precious Metals Retail Sales$2.97B
Commission and Clearing Fees$856.75M
Sales Based Commissions$785.05M
Exchange-Traded Futures and Options$454.18M
Clearing Service$305.33M
Consulting, Management And Account Fees$271.00M
Equities and Fixed Income Commissions$95.04M
Other segments$375.04M
Total$152.34B

StoneX Group (SNEX) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for StoneX Group (SNEX), TTM through Q1 2026
Region	Revenue (USD)	% of total
Middle East and Asia	$108.62B	88.7%
UNITED STATES	$9.18B	7.5%
Europe	$4.07B	3.3%
South America	$633.40M	0.5%
Total	$122.49B	100%

Middle East and Asia
UNITED STATES
Europe
South America
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, StoneX Group (SNEX) reports revenue across 23 operating segments; the largest segment was Precious Metals Trading at 96%, followed by Precious Metals Retail Sales (2%) and Commission and Clearing Fees (0.6%). Separately, by end-market geography, Middle East and Asia accounted for 88.7% of revenue, followed by UNITED STATES (7.5%) and Europe (3.3%).

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