Interactive Brokers Reports Strong Q4 2024 Earnings

Interactive Brokers Group reported strong Q4 earnings for 2024, reflecting substantial year-over-year growth in key financial metrics. Increased trading volumes and customer accounts drove the impressive performance.

For Q4 2024, the firm posted diluted earnings per share of $1.99, with adjusted earnings per share coming in at $2.03, compared to $1.48 and $1.52 in the same period last year. Net revenues for the quarter were $1.387 billion, or $1.424 billion on an adjusted basis, up from $1.139 billion and $1.149 billion in Q4 2023, marking a solid increase in both reported and adjusted revenue figures. 

A key growth driver was a 37% rise in commission revenue, totaling $477 million. This surge was attributed to a 32% increase in customer trading volumes in options and a 65% boost in stock trading volumes. 

Interactive Brokers Reports Strong Q4 2024 Earnings

However, customer futures volume saw a slight decline of 3%. Additionally, net interest income rose 11% to $807 million, benefiting from higher average customer margin loans and credit balances. 

The company’s income before income taxes reached $1.04 billion for the quarter, with an adjusted figure of $1.077 billion, representing a significant improvement from the prior year’s $816 million and $831 million, respectively. Interactive Brokers’ pretax profit margin for the quarter was 75% on a reported basis and 76% on an adjusted basis, up from 72% in the same period last year. Operationally, the company saw impressive growth in customer metrics. 

Customer accounts surged 30% year-over-year to 3.34 million, while customer equity rose 33% to $568.2 billion. Total daily average revenue trades (DARTs) jumped by 61%, reaching 3.12 million, and customer margin loans increased by 45%, totaling $64.2 billion. Interactive Brokers’ board also declared a quarterly dividend of $0.25 per share, payable on March 14, 2025, to shareholders of record as of February 28, 2025, reflecting the company’s strong financial position and commitment to returning value to its investors.

Getting to Know the Stock Broker 

• Interactive Brokers offers competitive fees and global trading options. 
• Also, the platform is user-friendly and cost-effective with competitive spreads. 
• It also provides a straightforward trading experience for diverse needs. 
• Traders and investors can access a wide range of assets. 
• Novices may need time to master its robust tools. 

Also, Check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level.