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Mar 31

Interactive Brokers Q1 2025 Earnings Report

Interactive Brokers reported strong results for Q1 2025 with record earnings, boosted by increased trading activity and customer growth.

Key Takeaways

Interactive Brokers delivered robust performance in Q1 2025, with revenue rising to $1.43B and net income reaching $964M. The company announced a 4-for-1 stock split and raised its quarterly dividend, signaling confidence in continued growth.

EPS came in at $1.94, with adjusted EPS at $1.88.

Net income reached $964 million, up from $795 million a year ago.

Customer accounts rose 32% YoY to 3.62 million.

Announced a 4-for-1 stock split and raised dividend from $0.25 to $0.32.

Total Revenue
$1.43B
Previous year: $1.2B
+18.6%
EPS
$1.88
Previous year: $1.64
+14.6%
Customer Accounts
3.62M
Previous year: 2.75M
+31.7%
Customer Equity
$574B
Previous year: $466B
+23.1%
DARTs
3.52M
Previous year: 2.35M
+49.7%
Cash and Equivalents
$3.5B
Total Assets
$158B

Interactive Brokers

Interactive Brokers

Interactive Brokers Revenue by Segment

Forward Guidance

The company is optimistic about continued growth, underpinned by strong trading volumes and increased customer activity, but remains cautious about market volatility and fee pressures.

Positive Outlook

  • Strong growth in customer accounts and equity balances
  • Robust trading volumes in stocks, options, and futures
  • Higher commission and interest income
  • Improved pretax margin at 74%
  • Stock split and dividend hike reflect financial strength

Challenges Ahead

  • General and administrative expenses increased 24%
  • Execution and clearing fees rose due to regulatory changes
  • Slight decline in commission per order
  • Modest drop in cash and cash equivalents
  • Potential headwinds from fluctuating interest margins