XML 148 R128.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Financial Information of Parent Company Only Disclosure - Income Statement (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]                      
Interest income                 $ 130.9 $ 198.9 $ 123.3
Operating revenues $ 342.1 $ 322.6 $ 366.8 $ 276.8 $ 286.9 $ 283.4 $ 271.1 $ 264.7 1,308.3 1,106.1 975.8
Interest expense 10.0 11.5 27.8 31.1 37.2 39.4 35.2 30.2 80.4 142.0 70.5
Net operating revenues 226.2 227.9 243.4 170.5 173.4 165.6 165.2 149.0 868.0 653.2 581.6
Non-interest expenses:                      
Compensation and benefits 145.5 132.5 136.7 104.0 105.2 100.9 97.9 89.1 518.7 393.1 337.7
Clearing and related expenses 57.1 55.3 63.8 46.3 45.0 45.7 42.7 50.1 222.5 183.5 179.7
Occupancy and equipment rental                 23.5 19.4 16.5
Professional fees                 30.2 21.0 18.1
Travel and business development                 8.9 16.2 13.8
Depreciation and amortization                 19.7 14.0 11.6
Communications                 7.0 6.6 5.4
Other                 29.6 23.2 20.1
Total compensation and other expenses 228.1 178.9 187.3 148.9 139.4 144.0 139.7 124.6 743.2 547.7 482.1
Gain on acquisitions 81.8 0.0 0.0 0.1 0.1 0.0 5.4 0.0 81.9 5.5 2.0
Income before tax 79.9 49.0 56.1 21.7 34.1 21.6 30.9 24.4 206.7 111.0 101.5
Income tax expense 2.5 12.4 16.8 5.4 6.9 5.3 7.5 6.2 37.1 25.9 46.0
Net income (loss) $ 77.4 $ 36.6 $ 39.3 $ 16.3 $ 27.2 $ 16.3 $ 23.4 $ 18.2 169.6 85.1 55.5
StoneX Group [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Management fees from affiliates                 45.1 43.2 40.4
Trading losses, net                 0.6 0.0 0.0
Consulting fees                 0.3 0.1 0.0
Interest income                 2.4 1.5 2.3
Dividend income from subsidiaries [1]                 111.8 85.7 41.9
Operating revenues                 160.2 130.5 84.6
Interest expense                 30.0 19.7 15.7
Net operating revenues                 130.2 110.8 68.9
Non-interest expenses:                      
Compensation and benefits                 88.0 79.7 73.0
Clearing and related expenses                 0.3 0.9 1.1
Trading systems and market information                 3.9 6.4 5.8
Occupancy and equipment rental                 3.8 3.4 2.6
Professional fees                 12.9 7.3 6.7
Travel and business development                 1.7 2.9 2.6
Non-trading technology and support                 19.8 12.5 9.1
Depreciation and amortization                 6.7    
Communications                 0.7 0.8 0.9
Impairment                 2.5 0.0 0.0
Management services fees to affiliates                 2.3 0.5 0.0
Other                 10.8 5.8 6.9
Total compensation and other expenses                 153.4 125.4 113.5
Gain on acquisitions                 81.9 5.3 0.0
Income before tax                 58.7 (9.3) (44.6)
Income tax expense                 29.5 24.6 7.4
Net income (loss)                 88.2 15.3 (37.2)
Investment in subsidiaries for equity method accounting                 $ 81.4 $ 69.8 $ 92.7
[1] Within the Condensed Balance Sheets and Condensed Statements of Operations of StoneX Group Inc. - Parent Company Only, the Company has accounted for its investment in wholly owned subsidiaries using the cost method of accounting. Under this method, the Company’s share of the earnings or losses of such subsidiaries are not included in the Condensed Balance Sheet or Condensed Statements of Operations. If the accounting for its investment in wholly owned subsidiaries were presented under the equity method of accounting, revenues would also include income from investment in subsidiaries of $81.4 million, $69.8 million, and $92.7 million for the years ended September 30, 2020, 2019, and 2018, respectively.