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StoneX Group Inc. SNEX Foreign Exchange — Revenues Net Of Interest Expense

Discontinued — last reported Q3 '20

Similar metrics at other companies

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STTForeign exchange trading services — All other revenue
$0
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BRForeign currency exchange — Revenue
$42M+11.1%
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ICEExchanges — Revenues, less transaction-based expenses:
$1.78B+30.3%
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NTRSOTHER — Foreign Exchange Trading Income
$0
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ICEForeign Countries — Revenues, less transaction-based expenses:
$903.75M+11.5%
Gartner logo
ITResearch — Foreign currency translation impact and other
-$1.32M-139%

Other financials

Income statement

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Revenue$829.1M+70.1%
Gross profit-$43.4B-22.3%
Operating income-$10.9M+59.5%
Net income$174.3M+143%
EPS (diluted)$2.07+120%

Balance sheet

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Cash & equivalents$12.8B+114%
Total debt$1.9B+79.0%
Total equity$2.7B+43.4%
Total assets$53.6B+71.4%

Cash flow

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Operating cash flow$2.8B+1,911%
CapEx$21.3M+39.2%
Free cash flow$2.8B+1,736%

Valuation

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Market cap$11.02B+72.7%
Enterprise value$171.75M-272%
P/E23.8×+2.2×
P/S4.2×+0.8×

Profitability

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Gross margin-5,500.2%-539pp
Operating margin-2.6%-0.7pp
Net margin17.6%+2.1pp
FCF margin246.8%

Returns & leverage

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Return on equity20.2%+2.9pp
Debt / equity0.7×+0.1×

Where this comes from

Reported directly by StoneX Group Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenuesNetOfInterestExpense.

The official record: StoneX Group Inc.’s 10-Q, filed August 7, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does foreign exchange — revenues net of interest expense mean?
Foreign exchange revenue minus the interest costs associated with funding those specific operations.
How do you interpret foreign exchange — revenues net of interest expense?
Higher values indicate more efficient capital utilization and stronger net profitability from FX activities.
How does foreign exchange — revenues net of interest expense compare across companies?
Common in financial services where interest expense is a significant component of the cost of doing business; comparable to net interest income metrics.