StoneX (SNEX) Research & Development (2010 - 2026)
StoneX (SNEX) reported Research & Development of $16.8 million for Q1 2026, up 136.62% on a YoY basis from $7.1 million in Q1 2025, and down 36.84% quarter-over-quarter from $26.6 million in Q4 2025.
StoneX (SNEX) Research & Development (2010 - 2026) Analysis & Trends
StoneX has reported Research & Development for 17 years, with the latest figure at $16.8 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 136.62% year-over-year to $16.8 million; the trailing twelve-month figure through Mar 2026 stood at $90.1 million (up 343.84% YoY), and the FY2025 full-year result was $87.3 million, up 207.39% from the prior year.
- Research & Development for Q1 2026 stood at $16.8 million, down from $26.6 million in the prior quarter.
- The five-year high for Research & Development was $43.9 million in Q3 2023, with the low at -$25.2 million in Q3 2024.
- Historically, Research & Development has averaged $16.0 million across 5 years, with a median of $16.8 million in 2026.
- Annual changes were most pronounced in 2022 — Research & Development soared 2460.0% — and 2024, when it tumbled 157.4%.
- StoneX's Research & Development stood at $14.8 million in 2022, then increased by 14.19% to $16.9 million in 2023, then grew by 16.57% to $19.7 million in 2024, then surged by 35.03% to $26.6 million in 2025, then sank by 36.84% to $16.8 million in 2026.
- The last three Research & Development figures came in at $16.8 million (Q1 2026), $26.6 million (Q4 2025), and $25.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 1.15 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 583.00 Mn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 241.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 23.47 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 39.55 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | - |
| 10 | StoneX | 9.00 Bn | 6.87 Bn | 1.57 Bn | 16.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.80 Mn |
| Dec 31, 2025 | 26.60 Mn |
| Sep 30, 2025 | 25.60 Mn |
| Jun 30, 2025 | 21.10 Mn |
| Mar 31, 2025 | 7.10 Mn |
| Dec 31, 2024 | 19.70 Mn |
| Sep 30, 2024 | -25.20 Mn |
| Jun 30, 2024 | 18.70 Mn |
| Mar 31, 2024 | 7.10 Mn |
| Dec 31, 2023 | 16.90 Mn |
| Sep 30, 2023 | 43.90 Mn |
| Jun 30, 2023 | 13.70 Mn |
| Mar 31, 2023 | 5.80 Mn |
| Dec 31, 2022 | 14.80 Mn |
| Sep 30, 2022 | 41.60 Mn |
| Jun 30, 2022 | 4.90 Mn |
| Mar 31, 2022 | 12.80 Mn |
| Dec 31, 2021 | 13.00 Mn |
| Sep 30, 2021 | -28.30 Mn |
| Jun 30, 2021 | 1.30 Mn |