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Interactive Brokers Q4: Earnings Beat Expectations, Customer Accounts And Trading Volume Soar
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Interactive Brokers Q4: Earnings Beat Expectations, Customer Accounts And Trading Volume Soar
Jan 22, 2025 4:50 AM

Interactive Brokers Group, Inc. ( IBKR ) shares are trading higher premarket on Wednesday after the company reported better-than-expected fourth-quarter results yesterday.

Sales of $1.387 billion exceeded the consensus of $1.335 billion. Commission revenue rose 37% year-over-year to $477 million, led by higher trading volumes. Customer trading volume in options and stocks increased 32% and 65%, respectively, while customer futures volume fell 3% Y/Y.

Net interest income surged 11% to $807 million, aided by average customer margin loans and customer credit balances.

Customer accounts grew 30% to 3.34 million, while customer equity rose 33% to $568.2 billion in the quarter.

Total DARTs increased 61% to 3.12 million. Customer credits were up 15% to $119.7 billion, and customer margin loans increased 45% to $64.2 billion in the quarter.

Adjusted EPS of $2.03 beat the consensus of $1.79.

The currency diversification strategy reduced comprehensive earnings by $266 million, as the U.S. dollar value of the GLOBAL decreased by approximately 1.63%.

The Board of Directors declared a quarterly cash dividend per share of $0.25, payable on March 14, to shareholders of record as of February 28, 2025.

As of December end, cash and equivalents stood at $3.6 billion.

Investors can gain exposure to the stock via WBI BullBear Value 3000 ETF ( WBIF ) and ETF Opportunities Trust Formidable Fortress ETF .

Price Action: IBKR shares are up 4.24% at $201.01 premarket at the last check Wednesday.

Read Next:

Small Caps Soar, Apple Slips, Treasury Yields Fall On Trump Day 2: What’s Driving Markets Tuesday?

Image via Shutterstock.

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