StoneX (SNEX) Gross Margin (2010 - 2026)
StoneX's (SNEX) quarterly Gross Margin came in at 3.65% in Q2 2026, up 71.0% on a YoY basis from 2.14% in Q2 2025, and up 6.67% quarter-over-quarter from 3.42% in Q1 2026.
Analysis
StoneX (SNEX) Gross Margin (2010 - 2026) Analysis & Trends
StoneX (SNEX) has reported Gross Margin for 17 consecutive years, with 3.65% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 71.0% year-over-year to 3.65%; the trailing twelve-month figure through Jun 2026 stood at 3.6% (up 66.0% YoY), and the FY2025 full-year result was 3.12%, down 32.0% from the prior year.
- Gross Margin advanced to 3.65% in Q2 2026 per SNEX's latest filing, from 3.42% in the prior quarter.
- Across five years, Gross Margin topped out at 5.16% in Q2 2023 and bottomed at 2.59% in Q1 2025.
- Historically, Gross Margin has averaged 3.68% across 5 years, with a median of 3.61% in 2026.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 237 bps in 2023, then tumbled 179 bps in 2024.
- Over 5 years, Gross Margin stood at 5.03% in 2022, then declined by 20 bps to 4.01% in 2023, then decreased by 16 bps to 3.38% in 2024, then climbed by 9 bps to 3.68% in 2025, then dropped by 1 bps to 3.65% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 3.65%, 3.42%, and 3.68% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Virtu Financial | 8.96 Bn | 8.35 Bn | - | - |
| 2 | StoneX | 8.04 Bn | -425.19 Mn | 1.47 Bn | 3.65% |
| 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 | 3.65% |
| Mar 31, 2026 | 3.42% |
| Dec 31, 2025 | 3.68% |
| Sep 30, 2025 | 3.67% |
| Jun 30, 2025 | 2.94% |
| Mar 31, 2025 | 2.59% |
| Dec 31, 2024 | 3.38% |
| Sep 30, 2024 | 2.95% |
| Jun 30, 2024 | 3.38% |
| Mar 31, 2024 | 3.70% |
| Dec 31, 2023 | 4.01% |
| Sep 30, 2023 | 4.68% |
| Jun 30, 2023 | 5.16% |
| Mar 31, 2023 | 4.36% |
| Dec 31, 2022 | 5.03% |
| Sep 30, 2022 | 3.56% |
| Jun 30, 2022 | 2.79% |
| Mar 31, 2022 | 3.32% |
| Dec 31, 2021 | 3.14% |
| Sep 30, 2021 | 3.29% |