Interactive Brokers registers 2% Y/Y decline in DARTs in October 2023
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its key operating metrics for October 2023.
Daily Average Revenue Trades (DARTs)amounted to 1.934 million last month. This is 2% lower than in October 2022 and 8% higher than in September 2023.
Ending client equity was $367.2 billion, 24% higher than prior year and 1% lower than prior month, whereas ending client margin loan balances were $42.1 billion, 7% higher than prior year and 3% lower than prior month.
The brokerage registered 2.48 million client accounts, 22% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order of $3.16 including exchange, clearing and regulatory fees.
Diluted earnings per share were $1.56 for the third quarter of 2023 and $1.55 as adjusted. For the year-ago quarter, reported diluted earnings per share were $0.97 and $1.08 as adjusted.
Net revenues were $1,145 million for the third quarter of 2023 and $1,139 million as adjusted. For the year-ago quarter, reported net revenues were $790 million and $847 million as adjusted.
Income before income taxes was $840 million for the third quarter of 2023 and $834 million as adjusted. For the year-ago quarter, income before income taxes was $523 million and $580 million as adjusted.