StoneX (SNEX) Cost of Revenue (2010 - 2026)
StoneX's (SNEX) quarterly Cost of Revenue came in at $38.7 billion in Q2 2026, up 14.56% on a YoY basis from $33.8 billion in Q2 2025, and down 12.38% quarter-over-quarter from $44.2 billion in Q1 2026.
Analysis
StoneX (SNEX) Cost of Revenue (2010 - 2026) Analysis & Trends
StoneX (SNEX) has reported Cost of Revenue for 17 consecutive years, with $38.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 14.56% year-over-year to $38.7 billion; the trailing twelve-month figure through Jun 2026 stood at $152.0 billion (up 19.76% YoY), and the FY2025 full-year result was $128.3 billion, up 32.97% from the prior year.
- Cost of Revenue slipped to $38.7 billion in Q2 2026 per SNEX's latest filing, from $44.2 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $44.2 billion in Q1 2026 and bottomed at $12.4 billion in Q4 2022.
- Historically, Cost of Revenue has averaged $25.2 billion across 5 years, with a median of $23.7 billion in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue declined 22.45% in 2023, then jumped 90.56% in 2024.
- Over 5 years, Cost of Revenue stood at $12.4 billion in 2022, then surged by 52.05% to $18.8 billion in 2023, then soared by 43.65% to $27.0 billion in 2024, then jumped by 39.27% to $37.6 billion in 2025, then grew by 3.01% to $38.7 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $38.7 billion, $44.2 billion, and $37.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Virtu Financial | 8.96 Bn | 8.35 Bn | - | - |
| 2 | StoneX | 8.04 Bn | -425.19 Mn | 1.47 Bn | 38.73 Bn |
| 3 | Bgc | 5.81 Bn | 5.19 Bn | - | - |
| 4 | Marex | 5.43 Bn | 5.43 Bn | - | - |
| 5 | Fdctech | 8.88 Mn | -17.00 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.73 Bn |
| Mar 31, 2026 | 44.19 Bn |
| Dec 31, 2025 | 37.59 Bn |
| Sep 30, 2025 | 31.52 Bn |
| Jun 30, 2025 | 33.80 Bn |
| Mar 31, 2025 | 35.93 Bn |
| Dec 31, 2024 | 26.99 Bn |
| Sep 30, 2024 | 30.22 Bn |
| Jun 30, 2024 | 26.16 Bn |
| Mar 31, 2024 | 21.29 Bn |
| Dec 31, 2023 | 18.79 Bn |
| Sep 30, 2023 | 15.86 Bn |
| Jun 30, 2023 | 14.27 Bn |
| Mar 31, 2023 | 15.46 Bn |
| Dec 31, 2022 | 12.36 Bn |
| Sep 30, 2022 | 15.80 Bn |
| Jun 30, 2022 | 18.40 Bn |
| Mar 31, 2022 | 15.84 Bn |
| Dec 31, 2021 | 13.89 Bn |
| Sep 30, 2021 | 11.46 Bn |