The earnings beat is the dominant signal — record revenue and EPS across all segments with 26.5% ROE. The insider sales are immaterial in size and likely reflect routine post-earnings portfolio adjustments. Traders should watch for continued momentum in the Commercial and Institutional segments, which drove the bulk of growth, and monitor the R.J. OBrien integration for synergy realization in H2.
Price Chart
Executive Summary
Two StoneX directors sold a combined $358K in open-market sales within a week of the company reporting record quarterly net operating revenues of $829.1M (up 70% YoY) and net income of $174.3M (up 143% YoY). The insider selling is trivial relative to the company's $9.7B market cap (0.004%), and the earnings results were overwhelmingly positive, making the sales likely routine portfolio diversification rather than a signal of concern.
Key Financial Metrics
Key Facts
- StoneX reported record fiscal Q2 2026 net operating revenues of $829.1M, up 70% YoY
- Record quarterly net income of $174.3M, up 143% YoY
- Diluted EPS of $2.07, up 120% YoY
- Quarterly ROE of 26.5% vs 15.7% in prior year period
- All four operating segments showed strong YoY revenue growth: Commercial +115%, Institutional +55%, Self-Directed Retail +16%, Payments +11%
- Two directors sold a combined $358K in open-market sales — 0.004% of market cap
- Director Kass sold at $123.26/share on May 11, 5 days after earnings release
- Director Fowler sold at $106.25/share on May 5, 1 day before earnings release
Financial Impact
Record quarterly net operating revenues of $829.1M (up 70% YoY) and net income of $174.3M (up 143% YoY); insider sales of $358K represent 0.004% of market cap
Risk Factors
- Bad debts jumped to $12.4M from $0.1M YoY — watch for credit quality deterioration
- Self-Directed Retail segment operating revenues declined 6% in H1 — potential competitive pressure
- Insider selling, while small, occurred at elevated stock price post-earnings — could indicate perceived peak valuation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNEX-1778540678958 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | 8-K | $68.64 $65.90 | ▼ −3.99% | ▼ −4.25% | $66.31 (−3.39%) |
Aug 19, 2026 6w ago | Press Release | $66.15 $66.86 | ▲ +1.07% | ▲ +2.59% | $66.31 (+0.24%) |
Aug 18, 2026 6w ago | Insider Cluster | $66.40 $67.17 | ▲ +1.15% | ▲ +2.14% | $66.31 (−0.14%) |
Aug 11, 2026 7w ago | Insider Cluster | $69.40 $69.77 | ▲ +0.53% | ▲ +2.43% | $66.31 (−4.45%) |
Aug 11, 2026 7w ago | Insider Cluster | $69.40 $69.77 | ▲ +0.53% | ▲ +2.43% | $66.31 (−4.45%) |
Jul 30, 2026 9w ago | Press Release | $76.57 $68.64 | ▼ −10.36% | ▼ −13.34% | $66.31 (−13.40%) |
Jul 29, 2026 9w ago | Court Ruling | $72.07 $69.24 | ▼ −3.93% | ▼ −8.95% | $66.31 (−7.99%) |
Jul 27, 2026 9w ago | Insider Cluster | $74.28 $69.66 | ▼ −6.22% | ▼ −9.60% | $66.31 (−10.73%) |
Jul 24, 2026 10w ago | Insider Cluster | $74.26 $68.47 | ▼ −7.80% | ▼ −11.42% | $66.31 (−10.71%) |
Jul 22, 2026 10w ago | Insider Cluster | $74.02 $66.15 | ▼ −10.63% | ▼ −13.53% | $66.31 (−10.42%) |
US Market Status
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