StoneX Group (StoneX Group) Operating Income : $1,306 Mil (TTM As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is StoneX Group Operating Income?

StoneX Group's Operating Income for the three months ended in Dec. 2023 was $331 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $1,306 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. StoneX Group's Operating Income for the three months ended in Dec. 2023 was $331 Mil. StoneX Group's Revenue for the three months ended in Dec. 2023 was $19,573 Mil. Therefore, StoneX Group's Operating Margin % for the quarter that ended in Dec. 2023 was 1.69%.

Good Sign:

StoneX Group Inc operating margin is expanding. Margin expansion is usually a good sign.

StoneX Group's 5-Year average Growth Rate for Operating Margin % was 15.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. StoneX Group's annualized ROC % for the quarter that ended in Dec. 2023 was 9.18%. StoneX Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 519.80%.

StoneX Group Operating Income Historical Data

The historical data trend for StoneX Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

StoneX Group Operating Income Chart

StoneX Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Operating Income

Get a 7-Day Free Trial

250.00

223.90

210.70

422.10

1,116.30

StoneX Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															239.20	316.80	333.20	331.40	324.20

StoneX Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,306 Mil.

StoneX Group (NAS:SNEX) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

StoneX Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1325.6 * ( 1 - 27.8% )	/	( (9840.8	+	11009.6)	/ 2 )
=	957.0832	/	10425.2
=	9.18 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	21938.7	-	10989.6	-	( 1108.3	-	max(0, 11330.6	-	13358.2	+	1108.3	))
=	9840.8

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	23244.8	-	11077.6	-	( 1157.6	-	max(0, 11496.1	-	13770.9	+	1157.6	))
=	11009.6

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

StoneX Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1326.8	/	( ( (245.6 + max(-7342.9, 0))	+	(264.9 + max(-6959, 0)) )	/	2 )
=	1326.8	/	( ( 245.6	+	264.9 )	/	2 )
=	1326.8	/	255.25
=	519.80 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(683.1	+	537.3	+	2426.3)	-	(10989.6	+	0	+	0)
=	-7342.9

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(825.6	+	518.4	+	2774.6)	-	(11077.6	+	0	+	0)
=	-6959

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

StoneX Group's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	331.4	/	19573
	=	1.69 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

StoneX Group Operating Income Related Terms

Thank you for viewing the detailed overview of StoneX Group's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

StoneX Group (StoneX Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » StoneX Group Inc (NAS:SNEX) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

I4F:Germany

Address

230 Park Avenue, 10th Floor, New York, NY, USA, 10169

Website

https://www.stonex.com

StoneX Group Inc is a Global brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, Global payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: commercial, Institutional, Retail, and Global Payments. Its customers include governmental and nongovernmental organizations, and commercial banks, brokers, institutional investors, and investment banks. The company operates in United States, South America, Europe, Middle East and Asia and other countries, out of which majority revenue is generates from Middle East and Asia Region.

Executives

Scott J Branch	director, officer: COO	220 E CENTRAL PARKWAY, STE 2060, ATTAMONTE SPRINGS FL 32701
Eric Parthemore	director	1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116
Philip Andrew Smith	other: CEO - subsidiary entity	708 THIRD AVENUE, SUITE 1500, NEW YORK NY 10017
Mark Lowry Maurer	other: CEO - subsidiary entity	230 SOUTH LASALLE, SUITE 10-500, CHICAGO IL 60604
John Moore Fowler	director	2 NORTHWEST WAY, BRONXVILLE NY 10708
Charles M Lyon	officer: CEO - subsidiary entity	329 PARK AVENUE NORTH, SUITE 350, WINTER PARK FL 32789
John Radziwill	director, officer: Chairman of the Board
Glenn Henry Stevens	other: CEO - subsidiary entity	550 HILLS DRIVE, SUITE 210, BEDMINSTER NJ 07921
Aaron Schroeder	officer: Group Controller	1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116
William J Dunaway	officer: Chief Financial Officer	1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116
Sean Michael Oconnor	director, officer: CEO	220 E. CENTRAL PARKWAY, SUITE 2060, ALTEMONTE SPRINGS FL 32701
Xuong Nguyen	other: COO of Affiliates	230 SOUTH LASALLE, SUITE 10-500, CHICAGO IL 60604
Abigail H Perkins	officer: Chief Information Officer	230 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10169
Diego Rotsztain	officer: Chief Governance/Legal Officer	135 US HIGHWAY 202/206, SUITE 11, BEDMINSTER NJ 07921
Dhamu R. Thamodaran	director	200 COMMERCE STREET, SMITHFIELD VA 23430