StoneX Group Inc. (NASDAQ: SNEX) has surged to new all-time highs, with its share price recently climbing above the $100 threshold for the first time. The stock has gained more than 80% this year, fueled by strong earnings growth, robust revenues, and a series of strategic acquisitions that have broadened the company’s global reach.
Driving Growth Through Acquisitions
A key factor behind StoneX’s momentum has been its track record of acquiring and integrating complementary businesses. The 2020 acquisition of GAIN Capital Holdings, Inc., owner of retail trading platforms FOREX.com and City Index, significantly expanded the company’s footprint in online trading.
More recently, in 2025, StoneX completed the high-profile purchase of R.J. O’Brien & Associates (RJO), one of the world’s largest futures brokerages, in a deal worth approximately $900 million. This acquisition cemented StoneX’s position in the global derivatives and commodities markets.
Expanding Capital Markets and Wealth Management
StoneX has also invested heavily in its capital markets and advisory divisions. The acquisition of The Benchmark Company in 2025 enhanced its capabilities in investment banking, equity research, and institutional sales.
In the wealth management space, subsidiaries such as SA Stone Wealth Management Inc. and SA Stone Investment Advisors Inc. serve clients across the United States. Additionally, a letter of intent to acquire Intercam Advisors, Inc. demonstrates StoneX’s interest in expanding its wealth management services with a cross-border focus between the U.S. and Mexico.
A Global Network of Subsidiaries
Beyond acquisitions, StoneX operates an extensive network of regulated subsidiaries across the globe. These include StoneX Financial Inc. in the U.S., StoneX Financial Ltd. in the U.K., StoneX Financial GmbH in Germany, StoneX Financial Pty Ltd. in Australia, and StoneX Financial (HK) Ltd. in Hong Kong.
Specialized subsidiaries such as StoneX Commodity Solutions LLC and StoneX Precious Metals LLC give the group a strong presence in physical commodities and bullion markets. In Latin America, its Brazilian operations include StoneX Banco de Câmbio and StoneX DTVM, extending its influence into one of the region’s most important financial hubs.
Outlook for Investors
The stock’s record highs reflect investor confidence in StoneX’s ability to integrate its acquisitions and capitalize on its diversified business model. While its valuation has climbed alongside earnings, StoneX’s broad portfolio, from retail forex platforms like FOREX.com and City Index to institutional giants like R.J. O’Brien, provides multiple avenues for growth. Backed by an expanding global footprint and strong market ratings, StoneX is emerging as one of the sector’s most dynamic players.