ancial Highlights
(All comparisons are to the year-ago quarter.)
Commission revenue increased 31% to $435 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 35%, 22% and 13%, respectively.
Net interest income increased 9% to $802 million on higher customer margin loans and customer credit balances.
Other fees and services increased $20 million, or 38%, to $72 million, driven by increases of $13 million in risk exposure fees, $5 million in payments for order flow from exchange-mandated programs, and $2 million in FDIC sweep program fees.
Execution, clearing and distribution fees expenses increased 18% to $116 million, driven by a higher SEC fee rate and higher customer trading volumes.
General and administrative expenses increased $30 million, or 67%, to $75 million, driven primarily by a one-time charge of $12 million related to the consolidation of our European subsidiaries and a $9 million increase related to legal and regulatory matters.
Pretax profit margin for the current quarter was 72% both as reported and as adjusted. For the year-ago quarter, pretax margin was 73% both as reported and as adjusted.
Total equity of $16.1 billion.
The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.25 per share. This dividend is payable on December 13, 2024, to shareholders of record as of November 29, 2024.
Business Highlights
(All comparisons are to the year-ago quarter.)
Customer accounts increased 28% to 3.12 million.
Customer equity increased 46% to $541.5 billion.
Total DARTs2 increased 42% to 2.70 million.
Customer credits increased 19% to $116.7 billion.
Customer margin loans increased 28% to $55.8 billion.
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https://www.businesswire.com/news/home/20241015423214/en/Interactive-Brokers-Group-Announces-3Q2024-Results