StoneX Group Inc. reported fiscal second-quarter 2026 earnings per share of $2.07, up 120% year over year and above the Zacks Consensus Estimate of $1.60, while net income surged 143% to $174.3 million. Operating revenues rose 64% to $1.57 billion and net operating revenues climbed 70% to $829.1 million, driven by broad-based strength across Commercial, Institutional, Self-Directed/Retail and Payments segments. Listed derivatives volume rose 59% to 97.2 million contracts, and average client equity plus money market/FDIC sweep balances reached about $15.2 billion, up 91% year over year. Despite the strong momentum and a trailing-12-month ROE of 19.8%, the stock has rallied 110.2% in the past six months and now trades at 21.35 times forward 12-month earnings, well above the Zacks sub-industry average of 10.17 times and the Zacks Finance sector average of 16.29 times. The valuation premium also shows in a price-to-book ratio of 5.49 times, near its five-year high of 5.65 times and far above the five-year median of 1.73 times, leaving less room for disappointment as the company integrates R.J. O'Brien and targets $50 million in annualized synergies.
Stonex Group IncRecord Q2 earnings beat estimates, net income up 143%, revenues surged 64%
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