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Interactive Brokers reported customer equity of USD 964.7 billion at the end of the third quarter, up 27% year on year, as customer accounts increased 35% to 5.58 million.
Net revenue reached USD 1.91 billion, compared with USD 1.66 billion a year earlier. Pre-tax income rose to USD 1.50 billion from USD 1.31 billion, with a pre-tax profit margin of 78%.
The results, released on 15 October, showed growth in trading activity and interest income, despite lower customer stock-trading volumes.
IBKR has also been expanding the routes through which investors reach its platform. Its integration with X Cashtags allows US investors to move from stock and cryptocurrency discussions on X directly into research or trading through their brokerage accounts. New users can also begin the account-opening process through the integration.
Commission Income Rises Despite Lower Stock Volumes
Commission revenue increased 12% to USD 602 million. Daily average revenue trades rose 18% to 4.27 million, while customer futures volume increased 13%. Stock and options volumes fell 24% and 1%, respectively.
Net interest income grew 19% to USD 1.15 billion, primarily reflecting higher average customer margin loans and credit balances. Outstanding margin loans increased 36% to USD 105.2 billion.
Alongside its expanding account base, the broker has been addressing how international clients move money onto the platform. Its previously announced 24/7 stablecoin account-funding service lets eligible Interactive Brokers LLC clients deposit USDC through zerohash, with funds converted into US dollars and credited to their brokerage accounts. The service extends funding availability beyond banking hours, including weekends and holidays.
Quarterly Dividend Increased
Reported diluted earnings per share rose to USD 0.69 from USD 0.59, while adjusted earnings increased to USD 0.67 from USD 0.57.
The board increased the quarterly dividend from USD 0.0875 to USD 0.15 per share, payable on 14 December to shareholders registered on 1 December
