Interactive Brokers registers 5% M/M rise in DARTs in June 2023
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for June 2023.
The broker reported 1.960 million Daily Average Revenue Trades (DARTs) for June 2023, 3% lower than in June 2022 and 5% higher than in May 2023.
Ending client equity amounted to $365.0 billion, 24% higher than prior year and 6% higher than prior month. Ending client margin loan balances were $41.9 billion, 2% lower than prior year and 5% higher than prior month.
The number of client accounts reached 2.29 million, 19% higher than prior year and 1% higher than prior month.
The average commission per cleared Commissionable Order of $3.08 including exchange, clearing and regulatory fees.
For the first quarter of 2023, reported diluted earnings per share were $1.42 and $1.35 as adjusted. For the year-ago quarter, reported diluted earnings per share were $0.74 and $0.82 as adjusted.
Reported net revenues were $1,056 million for the current quarter and $1,015 million as adjusted. For the year-ago quarter, reported net revenues were $645 million and $692 million as adjusted.
Commission revenue increased 2% to $357 million on record contract volumes in futures and larger average trade sizes in options and futures, tempered by lower customer stock trading volume.
Reported income before income taxes was $761 million for the current quarter and $720 million as adjusted. For the year-ago quarter, reported income before income taxes was $394 million and $441 million as adjusted. Net interest income increased 126% to $637 million on higher benchmark interest rates and customer credit balances.