(Bloomberg) – Jane Street Group LLC made a record $20.5 billion in net transaction revenue last year, surpassing Bank of America and Citigroup as municipal companies gained benefits from global expansion.
Transportation in 2024 almost doubled the total transaction revenue on Jane Street, according to financial documents from Bloomberg News. Jane Street’s net income of $13 billion is also a record.
The results show how big Jenny Street has become as it continues to force greater growth. The company has steadily expanded to build markets in areas including exchange-traded funds, stocks, currencies, derivatives and bonds. By comparison, Citigroup’s transaction revenue last year was $19.8 billion, while Bank of America’s revenue was $18.8 billion.
Representatives of Jian Street did not immediately respond to a request for comment. The Financial Times reported some revenue data from Jane Street earlier Wednesday.
The company said the momentum last year continued into 2025, and the company expects it to expect net transaction revenue of $7.1 billion to $7.2 billion in the first quarter. It said the initially adjusted EBITDA is expected to be between $5.4 billion and $5.5 billion, while net income may range between $4.5 billion and $4.6 billion. According to the document, April results are usually “consistent” with the first quarter.
In addition to income, Jane Street’s salary and benefits expenses also soared to $41.1 billion last year. That represents $1.39 million per employee, or nearly four times the cost of Goldman Sachs Group Inc.
The result is a series of financial markers disclosed to investors by Jane Street as part of a debt deal it seeks to drive further expansion. Of which: The business is now backed by a $29.9 billion membership interest, which represents most of the company’s transaction capital. At the end of last year, it had 2,960 employees and had a turnover of 6% over the past two years.
Jane Street said it accounted for more than 10% of North American stock market activity last year and had a market share of more than 2% in 18 countries. When it comes to ETFs that the company has long dominated, its average monthly trading volume is $707 million, or 24% of the major market activity among listed vehicles in the U.S. In the selection, the company is responsible for 8% of all liquidation firms last year.
Founded in 2000, Jane Street began trading U.S. deposit income, and then expanded to exchange-traded funds on the floor of the U.S. Stock Exchange. Now it counts companies including Citadel Securities, Susquehanna International Group and Virtu Financial Inc.
Bloomberg reported last month that Miami-based Citadel Securities released its own transaction record in 2024, with reportedly reported $9.7 billion. The company’s net revenue was $4.2 billion in 2024, more than double the nearly $2 billion in the previous year.
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