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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenues:        
Sales of physical commodities $ 10,804.3 $ 20,016.9 $ 19,687.8 $ 30,994.9
Principal gains, net 265.2 168.5 468.6 281.0
Commission and clearing fees 129.8 116.6 249.2 203.8
Consulting, management, and account fees 22.1 22.6 45.1 43.9
Interest income 23.4 41.7 44.6 87.7
Total revenues 11,244.8 20,366.3 20,495.3 31,611.3
Cost of sales of physical commodities 10,773.4 19,999.5 19,643.8 30,967.7
Operating revenues 471.4 366.8 851.5 643.6
Transaction-based clearing expenses 74.8 63.8 140.2 110.1
Introducing broker commissions 40.8 29.6 79.0 55.8
Interest expense 11.1 27.8 21.0 58.9
Interest expense on corporate funding 10.5 2.2 21.0 4.9
Net operating revenues 334.2 243.4 590.3 413.9
Compensation and other expenses:        
Compensation and benefits 185.0 136.7 338.6 240.7
Trading systems and market information 14.8 11.2 28.5 21.6
Professional fees 9.0 4.7 18.3 10.7
Non-trading technology and support 10.6 5.9 21.5 11.9
Occupancy and equipment rental 7.5 4.9 16.1 9.9
Selling and marketing 6.5 4.2 15.3 5.6
Travel and business development 0.5 3.2 1.5 7.7
Communications 2.4 1.5 4.7 3.1
Depreciation and amortization 8.6 4.2 17.0 8.1
Bad debts 0.9 4.4 2.4 4.4
Other 12.1 6.4 23.2 12.5
Total compensation and other expenses 257.9 187.3 487.1 336.2
Other gain 0.0 0.0 0.0 0.1
Income before tax 76.3 56.1 103.2 77.8
Income tax expense 21.0 16.8 28.4 22.2
Net income $ 55.3 $ 39.3 $ 74.8 $ 55.6
Earnings per share:        
Basic (in dollar per shares) $ 2.81 $ 2.03 $ 3.81 $ 2.88
Diluted (in dollar per shares) $ 2.73 $ 2.00 $ 3.71 $ 2.84
Weighted-average number of common shares outstanding:        
Basic (in shares) 19,112,216 18,872,937 19,025,604 18,811,268
Diluted (in shares) 19,670,539 19,189,953 19,570,028 19,132,497