Overview
- Interactive Brokers, which reported Tuesday, delivered adjusted revenue of about $1.68 billion and adjusted EPS of $0.60, matching consensus and marking record net revenue.
- Shares slipped after reported revenue of $1.67 billion trailed some Wall Street estimates of $1.71 billion even as the pre-tax profit margin held at 77%.
- Client accounts rose 31% to 4.75 million, client equity reached $789.4 billion, and uninvested cash hit a record $169 billion as daily trades climbed to roughly 4.4 million.
- The broker broadened crypto access in the European Economic Area, enabled crypto transfer-ins, added nano and perpetual futures through Coinbase Derivatives, and introduced 24/7 prediction markets.
- The board raised the annual dividend to $0.35 and management flagged the end of the Pattern Day Trader rule as a potential activity boost, while a new SEC transaction fee will be passed through with no net income impact.