New York, July 20, 2026, 14:09 EDT
- Nasdaq was trading as usual, with the most recent prices recorded at around 13:54 EDT.
- Shares of StoneX rose 2.33% to $70.26, adjusted for the split.
- Revised provisional market value stood at $8.35 billion. The trailing P/E ratio was estimated at approximately 18.8 times.
StoneX Group Inc. NASDAQ:SNEX was up 2.3% at $70.26 as of 13:54 EDT on Monday. Certain quote feeds continued to display a drop of around 32%.
The discrepancy resulted from differing price bases. Monday’s figure was based on the updated unit total. On several platforms, Friday’s closing price was not revised. The perceived decline was technical in nature.
The mistake affects more than just the daily percentage figure. It also caused certain displayed market values and earnings multiples to appear lower than they should have been. Investors might interpret a unit reset as an unexpected drop in valuation.
StoneX issued an additional share for each two shares owned following the market close on Friday. Trading on a split-adjusted basis started Monday as planned. StoneX stated the decision aims to increase the accessibility of its shares.
| Metric | One live feed | Split-adjusted calculation |
|---|---|---|
| Reference close | $102.99 | $68.66 |
| Monday move | -31.8% | +2.33% |
| Market cap | $5.72 billion | $8.35 billion, preliminary |
| Trailing EPS | $6.04 | $3.73 |
| Trailing P/E | 11.6x | 18.8x |
Figures shown are based on a real-time quote as of 13:54 EDT. Revised numbers reflect a 1.5 split adjustment, SEC-reported share totals, and stated earnings
After applying the split ratio, the adjusted closing price for Friday stands at $68.66. This means Monday’s price reflected a 2.33% increase.
StoneX listed 79.25 million shares outstanding as of May 4. After the split, this results in a provisional total of 118.88 million shares. Based on Monday’s stock price, this represents approximately $8.35 billion in equity val
The market-cap estimate is provisional since the SEC count comes before Monday’s split. It does not factor in any subsequent share issuance, vesting or withholding.
The trailing diluted EPS figure must reflect both 2026 split adjustments, reducing it to approximately $3.73 rather than the outdated $6.04 listed in another source. The adjusted trailing P/E is therefore closer to 18.8 tim
The figure is roughly 10% lower than CME Group Inc. NASDAQ:CME, which trades at 21.0 times. It stands 53% under Interactive Brokers Group Inc. NASDAQ:IBKR, at 39.7 times. The comparison is not like-for-li
Marex Group Limited (NASDAQ:MRX), a peer in clearing and commodities, advanced 3.9% on Monday. StoneX’s adjusted increase surpassed CME’s 0.6% rise and Interactive Brokers’ 2.2% gain.
Latest earnings set the scene: net operating revenue for the fiscal second quarter increased 70% to $829.1 million, while net income surged 143% to $174.3 million. Return on equity stood at 26.
In May, CEO Philip Smith stated that “the integration of R.J. O’Brien remains on track.” Smith also affirmed that StoneX continued to be confident about achieving its targeted synergies SEC.
On Monday, StoneX carried out its second three-for-two stock split in the past four months. This marks the third such split since March 2025. The total adjustment factor now stands at 3.375.
Risks persist. The integration with R.J. O’Brien still poses execution risk. Declines in volatility or rates could pressure trading spreads and reduce income from client balances. Bad-debt expense increased to $12.4 million from $0.1 million in the latSEC248210view2
