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Consolidated Income Statements - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Revenues:      
Sales of physical commodities $ 40,961.6 $ 52,899.2 $ 31,830.3
Principal gains, net 892.0 622.2 415.8
Revenue from contract with customer 2,119.5 487.3 452.0
Interest income 102.4 130.9 198.9
Total revenues 42,534.2 54,139.6 32,897.0
Cost of sales of physical commodities 40,861.1 52,831.3 31,790.9
Operating revenues 1,673.1 1,308.3 1,106.1
Transaction-based clearing expenses 271.7 222.5 183.5
Introducing broker commissions 160.5 113.8 114.7
Interest expense 49.6 80.4 142.0
Interest expense on corporate funding 41.3 23.6 12.7
Net operating revenues 1,150.0 868.0 653.2
Compensation and other expenses:      
Compensation and benefits 679.1 518.7 393.1
Trading systems and market information 58.8 46.3 38.8
Professional fees 40.9 30.2 21.0
Non-trading technology and support 46.0 28.4 20.1
Occupancy and equipment rental 34.2 23.5 19.4
Selling and marketing 33.3 12.2 5.2
Travel and business development 4.5 8.9 16.2
Communications 9.3 7.0 6.6
Depreciation and amortization 36.5 19.7 14.0
Bad debts, net of recoveries and impairment 10.4 18.7 2.5
Recovery of bad debt on physical coal 0.0 0.0 (12.4)
Other 46.3 29.6 23.2
Total compensation and other expenses 999.3 743.2 547.7
Gain on acquisitions and other gains 3.4 81.9 5.5
Income from operations, before tax 154.1 206.7 111.0
Income tax expense 37.8 37.1 25.9
Net income $ 116.3 $ 169.6 $ 85.1
Earnings per share:      
Basic (in dollar per share) $ 5.90 $ 8.78 $ 4.46
Diluted (in dollar per share) $ 5.74 $ 8.61 $ 4.39
Weighted-average number of common shares outstanding:      
Basic (in shares) 19,130,643 18,824,328 18,738,905
Diluted (in shares) 19,678,168 19,180,479 19,014,395
Commission and clearing fees      
Revenues:      
Revenue from contract with customer $ 487.2 $ 403.6 $ 372.4
Consulting, management and account fees      
Revenues:      
Revenue from contract with customer $ 91.0 $ 83.7 $ 79.6