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Jun 30, 2024
Interactive Brokers Q2 2024 Earnings Report
Second quarter results for 2024 were announced, with GAAP diluted EPS of $1.65 and adjusted EPS of $1.76, alongside GAAP net revenues of $1,230 million and adjusted net revenues of $1,290 million.
Key Takeaways
Interactive Brokers Group reported a strong second quarter with increased commission revenue and net interest income, driving higher overall net revenues and diluted earnings per share compared to the year-ago quarter.
Commission revenue increased by 26% due to higher customer trading volumes in options, stocks, and futures.
Net interest income rose by 14% driven by higher benchmark interest rates, customer margin loans, and customer credit balances.
Customer accounts increased by 28% to 2.92 million, and customer equity increased by 36% to $497.2 billion.
Reported diluted earnings per share were $1.65, and adjusted diluted earnings per share were $1.76.