International brokerage StoneX Group Inc. has released its financial results for the fourth quarter and the full fiscal year 2022.
During the three months between July and September, the Nasdaq-listed company, reported an operating revenue jump of 50% to $583.4 million, compared to Q4 F21 when it was $ 390.1 million.
For the full year, this number stood at $2.1 billion, up by 26% compared to the previous year.
The brokerage, owner of Gain Capital, ended the fourth quarter with $52.3 million net income. The number was a record 616% surge, compared to $7.3 million during the same period the previous year.
Net income for the full fiscal year came in at $207.1 million, registering a 78% rise compared to FY21.
The New York-headquartered Group’ s basic earnings per share stood at $2.58, and the diluted ones was 2.49. They were 597% and 592% up, respectively.
For the full year, basic earnings per share $10.27 and diluted were $10.01, both up by 74%.
Sean M. O’Connor, StoneX Group’s CEO, said:
Sean O’Connor Source: Twitter
These results demonstrate the resiliency of our company during times of volatile markets and geo-economic uncertainties, and validates the ongoing investments we’ve made in the business. We realized strong growth across our operating segments resulting from increased client engagement as well as growth in our client base. We benefited from favorable market conditions with elevated volatility and increased interest rates on our growing client float but have not yet realized the full impact of rising interest rates on our earnings. We are confident that StoneX is well-positioned in fiscal 2023 to capitalize on the growing value we believe our franchise can deliver to empower our clients across all asset classes.
StoneX, who owns two forex and CFDs brands, Forex.com and City Index, reported operating revenues from FX and CFD contracts reached $81.4 million during the Q4 2022 recording a 46% rise compared to the fourth quarter in FY21. The company operating revenues from FX and CFD contracts for the full year of $339.3 million, increasing 40% compared to the previous year.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
