Interactive Brokers Group, Inc., one of the largest players in the electronic trading industry, reported its results for the month of April.
In April, Interactive Brokers reported 2.339 million daily average revenue traded (DARTs), a 33% increase over the same period last year. However, compared to March 2024, the number was down 3%, FNG reported.
Ending client equity totaled $457.8 billion, up 34% from the end of last year but down 2% from March. Meanwhile, client margin loan balances totaled $50.7 billion at the end of the quarter, up 28% from a year ago and down 1% from the previous month.
Interactive Brokers reported that the average commission per order cleared was $3, including exchange, clearing, and regulatory fees.
The company's client base continued to grow, reaching 2.81 million accounts at the end of April, up 26% year-over-year and 2% month-over-month.
First quarter financial review: Interactive Brokers released financial data in its recent first quarter report, reporting diluted earnings per share of $1.61 and adjusted earnings per share of $1.64 for the quarter. For the same period, the company reported net revenues of $1,203 million, or $1,216 million on an adjusted basis.
Pre-tax income for the first quarter was $866 million, or $879 million on an adjusted basis. Specifically, net interest income rose 17 percent to $747 million, driven by increases in benchmark interest rates, client lending margins, and customer balances.
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