Interactive Brokers registers 26% Y/Y rise in DARTs in June 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for June 2024.
The company reported 2.469 million Daily Average Revenue Trades (DARTs) for June 2024, 26% higher than in June 2023. The result was 5% higher than the one registered in May 2024.
Ending client equity amounted to $497.2 billion in June 2024, 36% higher than prior year and 2% higher than prior month.
Ending client margin loan balances reached $55.1 billion, 32% higher than prior year and 4% higher than prior month.
Interactive Brokers registered 2.92 million client accounts last month, 28% higher than in June 2023 and 2% higher than in May 2024.
Average commission per cleared Commissionable Order was $2.99 including exchange, clearing and regulatory fees.
The latest data about Interactive Brokers’ financial performance is for the first quarter of 2024.
Diluted earnings per share were $1.61 for the first three months of 2024 and $1.64 as adjusted. Net revenues were $1,203 million for the first quarter of 2024 and $1,216 million as adjusted.
Income before income taxes was $866 million for the first quarter of 2024 and $879 million as adjusted. Net interest income increased 17% to $747 million on higher benchmark interest rates, customer margin loans and customer credit balances.