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StoneX Group Inc. SNEX Bad debt expense (reversal)

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Other financials

Income statement

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Revenue$719.7M+47.4%
Gross profit-$38.0B-14.1%
Operating income-$10.9M+59.5%
Net income$127.9M+102%
EPS (diluted)$1.00+85.2%

Balance sheet

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Cash & equivalents$11.7B+56.1%
Total debt$2.0B+85.4%
Total equity$2.8B+43.7%
Total assets$54.0B+57.7%

Cash flow

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Operating cash flow$2.8B+1,911%
CapEx$16.2M+1.3%
Free cash flow$2.8B+1,736%

Valuation

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Market cap$7.94B+81.2%
Enterprise value-$1.68B-15.5%
P/E15.1×+0.3×
P/S2.8×+0.5×

Profitability

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Gross margin-5,219%-861pp
Operating margin-2.6%-0.7pp
Net margin18.4%+3.0pp
FCF margin246.8%

Returns & leverage

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Return on equity21.9%+5.3pp
Debt / equity0.7×+0.2×

Where this comes from

Reported directly by StoneX Group Inc. in its filing.

Tagged under the XBRL concept intl:SECSchedule1209ValuationAllowancesAndReservesCreditLossExpenseReversalNotIncludedInAllowance.

The source filing: StoneX Group Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:50 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000913760-26-000038
(in millions)
Balance as of September 30, 2025$$53.9
Provision for bad debts(1)12.9
Allowance charge-offs(5.8)
Other(0.2)
Balance as of June 30, 2026$$60.8
(1) A recovery of $0.3 million is included in bad debt expense for the nine months ended June 30, 2026 on the Condensed Consolidated Income Statements, which is not included in the allowance.

Item 1. Financial Statements (Unaudited)

FAQ

What is StoneX Group Inc.'s bad debt expense (reversal)?
StoneX Group Inc. (SNEX) reported bad debt expense (reversal) of -$200K in Q2 2026.
What does bad debt expense (reversal) mean?
This metric captures the specific provision for bad debts or credit losses recognized during the period, separate from the general allowance balance. It quantifies the expense incurred to account for receivables deemed uncollectible, reflecting the credit risk inherent in the firm's client base. This is a critical metric for assessing the effectiveness of credit underwriting and collection processes.

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