The following is a summary of the StoneX Group Inc. (SNEX) Q4 2024 Earnings Call Transcript:

Financial Performance:

• StoneX Group Inc. reported a record Q4 with net income of $76.7 million, and diluted earnings per share of $2.30.

• Full year net income amounted to a record $260.8 million, with adjusted net income of $264.2 million. Full year EPS was $7.96.

• Operating revenues for Q4 were $920.1 million, representing an 18% growth year-over-year.

Business Progress:

• Recorded significant achievements in listed and OTC derivatives, securities, and FX, CFDs.

• Enhanced client footprint leading to solid revenue gains across different segments despite a decrease in operating revenues and segment income in the payments segment.

Opportunities:

• Continued expansion in the Institutional segment, focusing on equity market making and derivatives.

• Growth in client engagement and market-share capture with increased volumes across all products.

Risks:

• The payments segment faced tighter spreads in key payment corridors impacting revenue negatively.

• Volatility changes could impact future revenue capture rates across product lines, especially in OTC and listed derivatives.

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