Interactive Brokers registers 30% Y/Y drop in DARTs in November 2022
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for November 2022.
The broker registered 1.952 million Daily Average Revenue Trades (DARTs) in November 2022, 30% lower than in November 2021 and 1% lower than in October 2022.
Interactive Brokers reported ending client equity of $317.3 billion for November 2022, 15% lower than in November 2021 and 7% higher than in October 2022. Ending client margin loan balances amounted to $39.2 billion, 28% lower than prior year and 1% lower than prior month.
Interactive Brokers reported 2.07 million client accounts, 26% higher than prior year and 1% higher than prior month.
The average commission per cleared Commissionable Order was $3.19 including exchange, clearing and regulatory fees.
Speaking of Interactive Brokers’ performance, let’s note that, for the third quarter of 2022, the company reported diluted earnings per share of $0.97. For the year-ago quarter, reported diluted earnings per share were $0.43.
Reported net revenues were $790 million for the third quarter of 2022 and $847 million as adjusted. For the year-ago quarter, reported net revenues were $464 million and $650 million as adjusted.
Reported income before income taxes was $523 million for the third quarter of 2022 and $580 million as adjusted. For the year-ago quarter, reported income before income taxes was $234 million and $420 million as adjusted.