forex

StoneX Sees 21% Revenue Increase in FX/CFD as Retail Trading Soars

StoneX FX/CFD Revenue Jumps 21% as Retail Trading Surges

Source: Finance Magnates

Robust Q4 Performance

Total revenues from Forex and CFD operations reached **$84.7 million** in Q4 2024, a **7% increase** from $79.2 million last year.
The company reported a **record quarterly profit** of **$76.7 million**, up **51%** year-over-year.

Fiscal Year Highlights

For FY2024, revenues in the FX and CFD segments totaled **$316 million**, marking a **21% increase** from **$262 million** the previous year.
The self-directed retail segment showed particularly strong momentum, with daily trading volumes stabilizing at **$11 billion**.

CEO Insights

Sean O'Connor, CEO at StoneX Group, emphasized their commitment to superior client service, stating: "Our expanding global footprint and diversified product offering continues to deliver strong client engagement..."

Increased Net Income

Net income for the quarter grew by **51%**, reaching **$76.7 million**, with earnings per share rising **48% to $2.32**.
For the fiscal year, net income rose by **9%**, from **$238.5 million** to almost **$261 million**.

Institutional Segment Performance

The institutional FX segment experienced a slight revenue decline of **$1.5 million**, offset by a **$7 million increase** in retail FX/CFD revenues.
Average daily trading volumes in the institutional FX segment fell by **11%** to **$3.3 billion**.

Future Prospects

StoneX has expanded its operations in India and made a significant **$480 million unsolicited takeover bid** for CAB Payments, indicating robust growth and strategic expansion plans.