Interactive Brokers Q2 Profit Jumps 39%, Beats on Trading Surge
IBKR sits 60% above its 52-week low of $58.95.
Summary
Interactive Brokers posted Q2 net income of $312M, up 39% YoY, with EPS of $0.69 beating the $0.64 consensus. Revenue rose to $1.9B, topping estimates, driven by a 30% jump in commission revenue to $673M on higher trading volumes across stocks, options, and futures. Customer accounts hit a record 5.2M, up 34%, and customer equity surged 40% to $930.3B. This follows a string of strong monthly metrics and the recent launch of Korea Exchange access and stablecoin funding. The broad-based volume growth and account expansion reinforce the firm's momentum heading into the second half.
At the time of this announcement, IBKR was trading at $94.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $160.2B. The 52-week trading range was $58.95 to $97.84. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.