News
INTERACTIVE BROKERS Q3 EARNINGS REPORT
Interactive Brokers ($IBKR) reported Q3 earnings with adjusted revenue of $1.87 billion, below the estimate of $1.89 billion. Adjusted EPS was $0.67, below the estimate of $0.68. The company reported a pre-tax income of $1.45 billion, with a pre-tax profit margin of 78%, down 100 basis points from the previous year. Client accounts increased to 5.58 million, up 35% year-over-year. Commission revenue grew by 12% to $602 million, and client assets increased by 27% to $964.7 billion. Other income decreased by 18% to $70 million, and the quarterly dividend was increased to $0.15 per share from $0.0875 per share. The company also reported gains in currency diversification and losses in mark-to-market valuation of investments.