Interactive Brokers registers rise in revenues in Q1 2025
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has posted its financial results for the quarter ended March 31, 2025.
Reported diluted earnings per share were $1.94 for the current quarter and $1.88 as adjusted. For the year-ago quarter, reported diluted earnings per share were $1.61 and $1.64 as adjusted.
Reported net revenues were $1,427 million for the current quarter and $1,396 million as adjusted. For the year-ago quarter, reported net revenues were $1,203 million and $1,216 million as adjusted.
Commission revenue increased 36% to $514 million on higher customer trading volumes. Customer trading volume in stocks, options and futures increased 47%, 25% and 16%, respectively.
Reported income before income taxes was $1,055 million for the current quarter and $1,024 million as adjusted. For the year-ago quarter, reported income before income taxes was $866 million and $879 million as adjusted.
Net interest income increased 3% to $770 million on higher average customer margin loans and customer credit balances.
Other fees and services increased 32% to $78 million, led by increases of $9 million in risk exposure fees and $3 million in payments for order flow from exchange-mandated programs. Execution, clearing and distribution fees increased 20% to $121 million, driven by a higher SEC fee rate, a new FINRA Consolidated Audit Trail (“CAT”) fee initiated during the fourth quarter of 2024, and higher customer trading volumes in stocks, options and futures.
Pretax profit margin for the current quarter was 74% as reported and 73% as adjusted. For the year-ago quarter, pretax margin was 72% both as reported and as adjusted.
Total equity amounted to $17.5 billion.
The Interactive Brokers Group, Inc. Board of Directors declared an increase in the quarterly cash dividend from $0.25 per share to $0.32 per share. This dividend is payable on June 13, 2025, to shareholders of record as of May 30, 2025.
In addition, Interactive Brokers Group, Inc. announced a four-for-one forward split of its common stock to make stock ownership more accessible to investors. Each record holder of common stock as of the close of market on Monday, June 16, 2025, will receive three additional shares of common stock, to be distributed after the close of market on Tuesday, June 17, 2025. Trading is expected to commence on a split-adjusted basis at market open on Wednesday, June 18, 2025.