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Mar 31, 2021
Interactive Brokers Q1 2021 Earnings Report
Reported diluted earnings per share of $1.16 and net revenues of $893 million.
Key Takeaways
Interactive Brokers Group reported a strong first quarter in 2021, with diluted earnings per share of $1.16 and net revenues of $893 million. The company saw significant growth in commission revenue and net interest income, driven by higher customer trading volumes and strong securities lending activity.
Commission revenue increased by 53% due to higher customer trading volumes.
Net interest income rose by 19% driven by strong securities lending activity.
Customer accounts increased by 74% to 1.33 million.
Customer equity grew by 106% to $330.6 billion.
Interactive Brokers
Interactive Brokers
Interactive Brokers Revenue by Segment
Revenue by Segment
Commissions Revenue
CapyFin.comOther Fees and Services Revenue
CapyFin.com Forward Guidance
The impact of the COVID-19 pandemic on the Company’s future financial results remains uncertain and currently cannot be quantified, as it depends on numerous evolving factors that currently cannot be accurately predicted.
Positive Outlook
- Company is committed to ensuring the highest levels of service to its customers.
- Company's technical infrastructure has withstood the challenges presented by the extraordinary volatility and increased market volume.
- Company can run its business from alternate office locations and/or remotely if a Company office must temporarily close due to the spread of the COVID-19 pandemic.
Challenges Ahead
- Duration and spread of the pandemic
- Impact on our customers, employees and vendors
- Governmental actions in response to the pandemic
- Overall impact of the pandemic in the economy and society
- Any of these events could have a materially adverse effect on the Company’s financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income