Interactive Brokers Group has announced its financial results for the quarter (Q4) ended December 31, 2024, demonstrating growth across key performance metrics.
The company reported diluted earnings per share (EPS) of $1.99 for the fourth quarter of 2024, with an adjusted EPS of $2.03. These figures represent a notable increase from the year-ago quarter, where diluted EPS stood at $1.48 and adjusted EPS at $1.52.
Net revenues for Q4 2024 reached $1.387 billion as reported and $1.424 billion as adjusted, up from $1.139 billion and $1.149 billion, respectively, in the same period of 2023. This growth was largely driven by a 37% increase in commission revenue, which rose to $477 million on the back of higher customer trading volumes. Options and stock trading volumes surged by 32% and 65%, respectively, while futures trading volume saw a 3% decline.
Interactive Brokers Reports Strong Q4 2024 Earnings Growth
Income before taxes for the quarter was $1.040 billion, with an adjusted figure of $1.077 billion. For the same quarter in 2023, income before taxes was $816 million as reported and $831 million as adjusted.
Net interest income also grew 11% year-on-year to $807 million, fueled by higher average customer margin loans and credit balances. Meanwhile, expenses related to execution, clearing, and distribution fees rose by 15% to $115 million, driven by factors such as a higher SEC fee rate and increased trading volumes.
Interactive Brokers reported a pretax profit margin of 75% as reported and 76% as adjusted, up from 72% in Q4 2023.
The company’s Board of Directors declared a $0.25 per share dividend, payable on March 14, 2025, to shareholders of record on February 28, 2025.
Customer accounts grew 30% year-on-year to 3.34 million, with customer equity increasing by 33% to $568.2 billion. Daily average revenue trades (DARTs) surged 61% to 3.12 million, while customer margin loans rose 45% to $64.2 billion.
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