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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues:        
Revenues $ 16,161.0 $ 16,382.7 $ 29,172.6 $ 30,724.1
Cost of sales of physical commodities 15,456.6 15,838.0 27,813.4 29,728.9
Operating revenues 704.4 544.7 1,359.2 995.2
Transaction-based clearing expenses 69.2 76.5 136.5 147.4
Introducing broker commissions 42.2 43.2 79.0 81.5
Interest expense 178.7 14.1 333.0 29.8
Interest expense on corporate funding 14.9 10.6 29.3 22.4
Net operating revenues 399.4 400.3 781.4 714.1
Compensation and other expenses:        
Compensation and benefits 232.5 207.1 431.5 382.1
Trading systems and market information 17.8 16.9 35.5 33.0
Professional fees 11.3 13.8 27.2 25.7
Non-trading technology and support 16.2 12.8 31.0 25.8
Occupancy and equipment rental 10.6 8.8 19.5 17.5
Selling and marketing 14.2 14.3 27.1 25.3
Travel and business development 5.8 3.0 11.5 5.9
Communications 2.1 2.1 4.3 4.0
Depreciation and amortization 13.1 11.3 25.8 20.4
Bad debts, net of recoveries 3.0 12.3 3.7 12.1
Other 15.3 16.9 34.7 28.8
Total compensation and other expenses 341.9 319.3 651.8 580.6
Gain on acquisition and other gain 0.0 6.4 23.5 6.4
Income before tax 57.5 87.4 153.1 139.9
Income tax expense 15.8 23.4 34.8 34.2
Net income $ 41.7 $ 64.0 $ 118.3 $ 105.7
Earnings per share:        
Basic (in dollar per shares) $ 2.02 $ 3.18 $ 5.77 $ 5.27
Diluted (in dollar per shares) $ 1.95 $ 3.11 $ 5.57 $ 5.15
Weighted-average number of common shares outstanding:        
Basic (in shares) 19,930,027 19,573,871 19,850,052 19,477,540
Diluted (in shares) 20,621,194 20,012,709 20,553,913 19,930,047
Sales of physical commodities        
Revenues:        
Revenues $ 15,506.2 $ 15,864.2 $ 27,909.6 $ 29,783.1
Principal gains, net        
Revenues:        
Revenues 256.6 323.5 510.8 574.6
Commission and clearing fees        
Revenues:        
Revenues 130.7 138.4 248.7 254.7
Consulting, management, and account fees        
Revenues:        
Revenues 40.7 25.4 80.5 49.5
Interest income        
Revenues:        
Revenues $ 226.8 $ 31.2 $ 423.0 $ 62.2