Interactive Brokers Q2 2021 Earnings Report
Key Takeaways
Interactive Brokers Group reported a strong second quarter with a diluted EPS of $1.00, up from $0.40 in the same period last year, and net revenues of $754 million, compared to $539 million in the same period last year. The company's pretax profit margin increased to 72% from 41% in the year-ago quarter. Customer accounts and equity also saw significant growth.
Diluted earnings per share (EPS) reached $1.00, a notable increase from $0.40 in the same period last year.
Net revenues increased to $754 million, up from $539 million in the prior year.
Customer accounts grew by 61% year-over-year, reaching 1.41 million.
Customer equity increased by 79% year-over-year, totaling $363.5 billion.
Interactive Brokers
Interactive Brokers
Interactive Brokers Revenue by Segment
Forward Guidance
The company's future performance is subject to various factors, including the impact of the COVID-19 pandemic and market conditions.
Positive Outlook
- Committed to ensuring the highest levels of service to its customers.
- 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.
- Higher commission revenue due to increased trading activity.
- Higher rate of customer accounts opened throughout 2020 and into 2021
Challenges Ahead
- The impact of the COVID-19 pandemic on the Company’s future financial results remains uncertain and currently cannot be quantified
- Depends on numerous evolving factors that currently cannot be accurately predicted, including, but not limited to the 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income