The brokerage projects synergies from its acquisition of RJ O’Brien to hit a $50M run rate as market volatility cools.
StoneX Group expects cost synergies from its acquisition of RJ O’Brien to reach a $50M annual run rate by the end of Q1 fiscal 2027. The projection comes as market volatility moderates, easing pressure on trading operations.
Third-quarter net operating revenues surged 47% year-over-year to $719.7 million, reflecting strong performance despite softer volatility. The company did not provide prior synergy targets but highlighted integration progress as a key driver.
Management did not disclose immediate market reactions to the guidance during the earnings call.