Brokerage conglomerate StoneX released its financial results for the final quarter of 2024 on Thursday.
StoneX’s financial year starts at the beginning of October, meaning this was the first quarter of the company’s 2025 financial reporting period.
Total revenues for the quarter were up 44% year-on-year to $27.1bn. Net income for the group rose to $85.1m during the quarter, up 23% on the prior year’s figure of $69.1m.
StoneX operates CFD trading brands City Index and FOREX.com.
The group said that retail FX and CFD trading generated $89.0m over the the quarter. This was up 34% year-on-year, with Q4 2023 revenues for the products coming in at $66.6m.
Average daily volume for the quarter in retail FX/CFDs was $7.6bn. Revenue per million was also up 23% compared to the prior year at $185.
The company did not detail why revenues rose but it’s plausible that it was due to a post-Trump spike in volatility, particularly in crypto instruments.
