StoneX Group Inc. (NASDAQ:SNEX), a global financial services network which owns FOREX.com and City Index, has announced its financial results for the fiscal year 2024 fourth quarter ended September 30, 2024.

Operating revenues derived from FX/CFD contracts increased $5.5 million, with a $7.0 million increase in StoneX’s Self-Directed/Retail segment more than offsetting a $1.5 million decline in Institutional segment FX/CFD contracts operating revenues.

Operating revenues derived from listed derivatives increased $19.6 million, with StoneX’s Commercial and Institutional segments up $11.7 million and $7.9 million, respectively.

Operating revenues derived from OTC derivatives declined $13.7 million, principally driven by a 26% decline in the average rate per contract as a result of a decline in commodity volatility, which was partially offset by a 4% increase in OTC volumes.

Operating revenues across all business segments increased $142.1 million, or 18%, to $920.1 million in the three months ended September 30, 2024 compared to $778.0 million in the three months ended September 30, 2023.

Sean M. O’Connor, the Company’s CEO, stated:

“For the fiscal fourth quarter, net income was $76.7 million, a 51% increase over the prior year period, with diluted EPS of $2.32, representing an 18.5% return on equity for the quarter. We experienced continued strong client engagement with increased volumes across nearly all of our operating segments and products despite relatively low volatility. We also achieved another record annual result, with earnings of $260.8 million, or $7.96 per diluted share, which were up 9% and 7%, respectively.

We believe our expanding global footprint and diversified product offering positions us to deliver superior service to our clients and returns to our shareholders.”