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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Sales of physical commodities $ 9,785.9 $ 7,944.5 $ 29,473.7 $ 38,939.4
Principal gains, net 232.1 161.0 700.7 442.0
Commission and clearing fees 124.0 96.1 373.2 299.9
Consulting, management, and account fees 22.3 19.4 67.4 63.3
Interest income 27.8 22.4 72.4 110.1
Total revenues 10,192.1 8,243.4 30,687.4 39,854.7
Cost of sales of physical commodities 9,760.6 7,920.8 29,404.4 38,888.5
Operating revenues 431.5 322.6 1,283.0 966.2
Transaction-based clearing expenses 67.1 55.3 207.3 165.4
Introducing broker commissions 41.8 24.0 120.8 79.8
Interest expense 14.5 11.5 35.5 70.4
Interest expense on corporate funding 10.1 3.9 31.1 8.8
Net operating revenues 298.0 227.9 888.3 641.8
Compensation and other expenses:        
Compensation and benefits 177.3 132.5 515.9 373.2
Trading systems and market information 14.4 11.8 42.9 33.4
Professional fees 9.5 6.1 27.8 16.8
Non-trading technology and support 11.3 6.9 32.8 18.8
Occupancy and equipment rental 9.7 5.4 25.8 15.3
Selling and marketing 8.1 0.5 23.4 6.1
Travel and business development 1.3 0.7 2.8 8.4
Communications 2.3 1.7 7.0 4.8
Depreciation and amortization 9.7 4.4 26.7 12.5
Bad debts 1.3 1.8 3.7 6.2
Other 10.7 7.1 33.9 19.6
Total compensation and other expenses 255.6 178.9 742.7 515.1
Gain on acquisitions and other gains 3.6 0.0 3.6 0.1
Income before tax 46.0 49.0 149.2 126.8
Income tax expense 11.8 12.4 40.2 34.6
Net income $ 34.2 $ 36.6 $ 109.0 $ 92.2
Earnings per share:        
Basic (in dollar per shares) $ 1.72 $ 1.90 $ 5.53 $ 4.78
Diluted (in dollar per shares) $ 1.67 $ 1.87 $ 5.38 $ 4.71
Weighted-average number of common shares outstanding:        
Basic (in shares) 19,255,452 18,807,104 19,102,244 18,809,823
Diluted (in shares) 19,855,226 19,103,166 19,669,397 19,122,681