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Sep 30, 2022

Interactive Brokers Q3 2022 Earnings Report

Reported an increase in net revenues and diluted earnings per share compared to the year-ago quarter.

Key Takeaways

Interactive Brokers Group reported GAAP diluted EPS of $0.97 and adjusted EPS of $1.08 for Q3 2022. The company's net revenues were $790 million on a GAAP basis and $847 million as adjusted. Customer accounts increased by 31% year-over-year to 2.01 million, while customer equity decreased by 19% to $287.1 billion.

Commission revenue increased 3% to $320 million due to higher customer futures trading volume and higher options commission per contract.

Net interest income increased 73% to $473 million driven by higher benchmark interest rates and customer credit balances.

Customer accounts increased 31% to 2.01 million.

Customer equity decreased 19% to $287.1 billion.

Total Revenue
$790M
Previous year: $464M
+70.3%
EPS
$1.08
Previous year: $0.78
+38.5%
Customer Accounts
2.01M
Previous year: 1.54M
+30.5%
Customer Equity
$287B
Previous year: $354B
-18.9%
Gross Profit
$830M
Previous year: $467M
+77.7%
Cash and Equivalents
$3.18B
Previous year: $2.84B
+12.2%
Total Assets
$115B
Previous year: $106B
+7.9%

Interactive Brokers

Interactive Brokers

Interactive Brokers Revenue by Segment

Forward Guidance

The foregoing information contains certain forward-looking statements that reflect the Company’s current views with respect to certain current and future events and financial performance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income