Stonex (SNEX) revenue breakdown
By segment, Institutional is the largest at 41% of fiscal 2025 revenue; Self-Directed/Retail grew fastest, 56% a year over 7 years.
By product, Precious metals sales under ASC Topic 606 is the largest at 70% of fiscal 2025 revenue; Exchange-traded futures and options grew fastest, 17% a year over 3 years.
Revenue by segment
Fiscal years, as Stonex reports them in its 10-K filings; fiscal 2025 total $2.1B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Institutional | — | — | $176M | $220M | $364M | $419M | $484M | $532M | $630M | $857M | 41% |
| Commercial | — | — | $299M | $321M | $353M | $433M | $586M | $733M | $721M | $769M | 36% |
| Self-Directed/Retail | — | — | $13M | $16M | $64M | $222M | $303M | $216M | $281M | $282M | 13% |
| Payments | $65M | $81M | $94M | $107M | $112M | $130M | $162M | $203M | $200M | $202M | 10% |
| Commercial Hedging | $188M | $194M | — | — | — | — | — | — | — | — | — |
| Clearing and Execution Services Segment | $49M | $102M | — | — | — | — | — | — | — | — | — |
| Securities Segment | $122M | $95M | — | — | — | — | — | — | — | — | — |
| Physical Commodities Segment | $32M | $37M | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Stonex reports them in its 10-K filings; fiscal 2025 total $3.1B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Precious metals sales under ASC Topic 606 | — | — | — | — | $3.0B | $2.8B | $1.5B | $2.1B | 70% |
| Exchange-traded futures and options | — | — | — | — | $211M | $214M | $226M | $341M | 11% |
| Clearing fees | — | — | — | — | $153M | $153M | $180M | $207M | 7% |
| Equities and fixed income | — | — | — | — | $63M | $58M | $66M | $109M | 4% |
| Asset management fees | — | — | — | — | $44M | $45M | $51M | $63M | 2% |
| Sweep program fees | — | — | — | — | $13M | $49M | $44M | $45M | 1% |
| Client account fees | — | — | — | — | $16M | $16M | $20M | $37M | 1% |
| Advisory and consulting fees | — | — | — | — | $31M | $35M | $38M | $34M | 1% |
| Other | — | — | — | — | $7M | $14M | $14M | $19M | 1% |
| Insurance and annuity products | — | — | — | — | $16M | $14M | $15M | $16M | 1% |
| Mutual funds | — | — | — | — | $14M | $12M | $13M | $14M | 0% |
| Insurance and annuity products | — | — | — | — | $9M | $9M | $11M | $12M | 0% |
| OTC derivative brokerage | — | — | — | — | $17M | $14M | $11M | $11M | 0% |
| Trade conversion fees | — | — | — | — | $12M | $8M | $13M | $10M | 0% |
| Underwriting fees | — | — | — | — | $500,000 | $700,000 | $400,000 | $9M | 0% |
| Mutual funds | — | — | — | — | $4M | $3M | $3M | $3M | 0% |
| Other | — | — | — | — | $6M | $8M | $9M | $3M | 0% |
| Other | — | — | — | — | — | $3M | — | $2M | 0% |
| Sales of physical commodities | — | — | — | $41.0B | — | — | — | — | — |
| Principal gains, net | — | — | — | $892M | — | — | — | — | — |
| Total commission and clearing fees | $392M | $372M | $404M | $487M | — | — | — | — | — |
| Interest income | — | — | — | $102M | — | — | — | — | — |
| Total consulting, management, and account fees | $71M | $80M | $84M | $91M | — | — | — | — | — |
| Other | — | — | — | — | $3M | — | — | — | — |
Revenue by region
Fiscal years, as Stonex reports them in its 10-K filings; fiscal 2025 total $132.4B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Middle East and Asia | $13.4B | $28.0B | $25.8B | $30.6B | $51.3B | $37.3B | $57.4B | $51.0B | $91.0B | $120.9B | 91% |
| United States | $817M | $1.2B | $1.6B | $1.9B | $2.2B | $3.3B | $5.1B | $6.0B | $6.0B | $7.8B | 6% |
| Europe | $464M | $167M | $190M | $280M | $533M | $1.9B | $3.4B | $3.5B | $2.4B | $3.1B | 2% |
| South America | $65M | $54M | $60M | $56M | $59M | $64M | $87M | $271M | $455M | $564M | 0% |
| Other | $4M | $4M | $5M | $6M | $8M | $8M | $11M | $45M | $33M | $24M | 0% |
Questions
Where does Stonex make its money?
In fiscal 2025, by segment: Institutional $857M, Commercial $769M, Self-Directed/Retail $282M, Payments $202M.
From Stonex's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.