Donnelley Financial Solutions Operating Cycle 2011-2026 | DFIN

Annual Operating Cycle Donnelley Financial Solutions

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
73.4	73.2	79.1	86	73.1	74.2	74.8	73.1	73.7	108	-	-	-	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
108	73.1	78.8

Quarterly Operating Cycle Donnelley Financial Solutions

2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
83.7	76.3	-	100	77.3	77.6	-	110	83.5	83.4	-	51	37.5	92.9	-	98.6	89.7	80.8	-	79.5	65.6	74.6	-	83.5	63.7	73.3	-	81	54.3	60.5	-	67.7	52	54.9	-	63.5	47.8	57.5	-	28.8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
110	28.8	71.7

Operating Cycle of other stocks in the Capital markets industry

Issuer	Operating Cycle	Price	% 24h	Market Cap	Country
Mercurity Fintech Holding MFH	416	-	2.62 %	$ 691 M	China
Cowen COWN	2.06	-	-	$ 1.1 B	USA
Focus Financial Partners FOCS	35.4	-	-	$ 4.16 B	USA
GAMCO Investors GBL	20.7	-	-8.2 %	$ 390 M	USA
A-Mark Precious Metals AMRK	24.8	-	-	$ 675 M	USA
ATIF Holdings Limited ATIF	48.4	-	-7.31 %	$ 6.56 M	China
AMTD International Inc. HKIB	9.86	-	1.56 %	$ 798 M	Hong-kong
JMP Group LLC JMP	88.4	-	0.27 %	$ 150 M	USA
MarketAxess Holdings MKTX	41.6	$ 193.52	0.77 %	$ 7.17 B	USA
Piper Sandler Companies PIPR	0.43	$ 298.68	0.03 %	$ 5.03 B	USA
PJT Partners PJT	108	$ 147.77	-0.33 %	$ 5.73 B	USA
Freedom Holding Corp. FRHC	1.93	$ 127.37	1.61 %	$ 7.56 B	Kazakhstan
Evercore EVR	46	$ 308.78	-1.82 %	$ 12 B	USA
Futu Holdings Limited FUTU	0.51	$ 144.62	-3.35 %	$ 160 B	China
Stifel Financial Corp. SF	9.16	$ 74.94	-0.82 %	$ 7.76 B	USA
Houlihan Lokey HLI	34.9	$ 162.76	-0.49 %	$ 10.7 B	USA
Heritage Global HGBL	8.74	$ 1.31	-0.76 %	$ 48 M	USA
Interactive Brokers Group IBKR	5.26	$ 69.39	-3.19 %	$ 7.5 B	USA
Nomura Holdings NMR	21.3	$ 8.15	-5.78 %	$ 24.1 q	Japan
StoneX Group SNEX	2.27	$ 125.81	-3.7 %	$ 5.97 B	USA
Greenhill & Co. GHL	64.9	-	-0.13 %	$ 272 M	USA
Hudson Capital HUSN	118	-	5.06 %	$ 12 M	China
Moelis & Company MC	1.85 K	$ 58.8	-1.44 %	$ 4.5 B	USA
UP Fintech Holding Limited TIGR	140	$ 7.46	-4.55 %	$ 17.9 B	China
Oppenheimer Holdings OPY	321	$ 88.73	-2.32 %	$ 918 M	USA
Virtu Financial VIRT	339	$ 41.91	-1.87 %	$ 3.57 B	USA
Westwood Holdings Group WHG	257	$ 16.81	-0.24 %	$ 137 M	USA
Associated Capital Group AC	707	-	-8.02 %	$ 673 K	USA
Lazard Ltd LAZ	94.6	$ 49.45	-2.66 %	$ 4.82 B	Bermuda
Scully Royalty Ltd. SRL	0.47	$ 9.05	-0.55 %	$ 89.1 M	Canada