Interactive Brokers reported first quarter net revenues of $1.67 billion and diluted EPS of $0.59, missing consensus estimates of $1.71 billion and $0.62, respectively. Despite the miss, the firm saw significant year-over-year growth in key operating metrics, with net revenues up 17% and adjusted EPS up 28% from the prior-year period.
Key Highlights
- Customer accounts grew 31% year-over-year to 4.75 million, while customer equity increased 38% to $789.4 billion.
- Net interest income rose 17% to $904 million, and commission revenue increased 19% to $613 million, reflecting higher trading volumes across stocks, futures, and options.
- The company maintained a strong pretax profit margin of 77% and announced an increase in its quarterly cash dividend to $0.0875 per share.