Equity Profile

SNEX

StoneX Group Inc.

FinancialsInvestment Banking & Brokerage$9.0B

Aug4Tue

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

StoneX Group Inc. operates in the financial sector, specifically in investment banking and brokerage services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance this quarter.

N/A

Revenue Growth

Revenue growth will provide insight into the company's ability to expand its business and attract clients.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SNEX Q3-2026 Earnings Preview

Context

Company Snapshot

StoneX Group Inc. operates in the financial sector, specifically in investment banking and brokerage services. With a market cap of $9 billion, it plays a crucial role in facilitating trading and investment activities for clients across various asset classes.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+9.95%

Avg Stock Reaction

+0.70%

Last Quarter Recap

In the last quarter, StoneX reported an EPS of $2.07, exceeding expectations by 29.38%. However, the stock experienced a slight decline of 1.55% the following day.

Management Promises & Guidance

Continued focus on expanding client services.
Commitment to maintaining strong trading volumes.
Plans to enhance digital platforms for better client engagement.

Expectations

Wall Street Expectations

Overall expectations are mixed as StoneX has a history of beating EPS estimates, but revenue guidance remains uncertain. Investors are keen to see if the company can sustain its growth momentum.

Bull Case

The optimistic view hinges on strong client activity and continued revenue growth, which could lead to further EPS beats and positive market sentiment.

Bear Case

On the flip side, if client activity declines or if the company fails to meet revenue expectations, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for this quarter?

Given the company's recent history of beating EPS estimates, this figure will be crucial in determining market sentiment.

How has client activity changed compared to previous quarters?

Changes in client activity will provide insights into the company's revenue potential and overall health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for StoneX to leverage increased trading volumes and client demand, leading to stronger-than-expected EPS.

Supporting Evidence

The company has consistently beaten EPS estimates in recent quarters.

Options pricing indicates a significant move, suggesting that investors expect volatility.

Recent insider selling may not reflect a lack of confidence but rather a strategic reallocation.

Key Risk

If client activity levels exceed expectations, it could significantly boost revenue and EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between client activity and profitability.

Bull Confirmed If

An EPS of $2.10 or higher would confirm strong profitability and support the bull case.

Bear Confirmed If

An EPS below $1.90 would raise concerns about declining profitability and support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±19.59%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors are anticipating volatility around the earnings report.

Options are pricing ±19.6% while SNEX has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

45.8%

Calls (500)P/C Ratio: 0.14Puts (500)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$2.9M

31,500 sh

2 insiders

Net

$2.9M

Net selling

Most Active Insiders· 2 open-market trades

Chief Executive OfficerSmith Philip Andrew
$2.8M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If StoneX beats expectations, history suggests a potential stock move of +1.09%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

If the company misses EPS expectations, history suggests a potential decline of -0.47%, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition strategies and their effectiveness.
2Insights into trading volume trends and how they compare to previous quarters.
3Management's outlook on market conditions and potential challenges.
4Details on any new services or products being introduced.
5Comments on how the company plans to navigate regulatory changes in the financial sector.

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Company Snapshot

StoneX Group Inc. operates in the financial sector, specifically in investment banking and brokerage services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance this quarter.

N/A

Revenue Growth

Revenue growth will provide insight into the company's ability to expand its business and attract clients.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SNEX Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+9.95%

Avg Stock Reaction

+0.70%

Last Quarter Recap

In the last quarter, StoneX reported an EPS of $2.07, exceeding expectations by 29.38%. However, the stock experienced a slight decline of 1.55% the following day.

Management Promises & Guidance

Continued focus on expanding client services.
Commitment to maintaining strong trading volumes.
Plans to enhance digital platforms for better client engagement.

Expectations

Wall Street Expectations

Overall expectations are mixed as StoneX has a history of beating EPS estimates, but revenue guidance remains uncertain. Investors are keen to see if the company can sustain its growth momentum.

Bull Case

The optimistic view hinges on strong client activity and continued revenue growth, which could lead to further EPS beats and positive market sentiment.

Bear Case

On the flip side, if client activity declines or if the company fails to meet revenue expectations, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for this quarter?

Given the company's recent history of beating EPS estimates, this figure will be crucial in determining market sentiment.

How has client activity changed compared to previous quarters?

Changes in client activity will provide insights into the company's revenue potential and overall health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for StoneX to leverage increased trading volumes and client demand, leading to stronger-than-expected EPS.

Supporting Evidence

The company has consistently beaten EPS estimates in recent quarters.

Options pricing indicates a significant move, suggesting that investors expect volatility.

Recent insider selling may not reflect a lack of confidence but rather a strategic reallocation.

Key Risk

If client activity levels exceed expectations, it could significantly boost revenue and EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between client activity and profitability.

Bull Confirmed If

An EPS of $2.10 or higher would confirm strong profitability and support the bull case.

Bear Confirmed If

An EPS below $1.90 would raise concerns about declining profitability and support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±19.59%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors are anticipating volatility around the earnings report.

Options are pricing ±19.6% while SNEX has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

45.8%

Calls (500)P/C Ratio: 0.14Puts (500)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$2.9M

31,500 sh

2 insiders

Net

$2.9M

Net selling

Most Active Insiders· 2 open-market trades

Chief Executive OfficerSmith Philip Andrew
$2.8M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If StoneX beats expectations, history suggests a potential stock move of +1.09%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

If the company misses EPS expectations, history suggests a potential decline of -0.47%, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition strategies and their effectiveness.
2Insights into trading volume trends and how they compare to previous quarters.
3Management's outlook on market conditions and potential challenges.
4Details on any new services or products being introduced.
5Comments on how the company plans to navigate regulatory changes in the financial sector.