StoneX Reports Strong Q3 2026 Growth on Back of R.J. O’Brien Integration — StoneX Group Inc.

Event summary

StoneX reported Q3 2026 net operating revenues of $719.7 million, up 47% YoY.
Net income rose to $127.9 million, a 102% increase from the prior year.
The R.J. O’Brien acquisition contributed significantly to growth in listed derivatives and client equity.
Commercial and Institutional segments drove double-digit revenue growth.
Adjusted EBITDA increased by 70% YoY to $229.5 million.

The big picture

StoneX’s strong Q3 2026 results reflect the strategic benefits of the R.J. O’Brien acquisition, solidifying its position as a leading non-bank FCM. The company’s double-digit growth across key segments underscores the increasing value of its ecosystem in connecting clients to global markets. However, rising interest expenses and segment-specific challenges highlight the need for continued operational efficiency.

What we're watching

Integration Success: How StoneX sustains the momentum from R.J. O’Brien’s integration across its Commercial and Institutional segments.
Market Volatility: Whether rising interest expenses could impact future profitability amid broader economic uncertainty.
Segment Growth: The pace at which the Self-Directed/Retail segment recovers from its recent declines in principal gains and FX/CFD revenues.