AI English summary of an SEC filing — figures as filed
Interactive Brokers IBKRThe company reported GAAP net revenues of $1,230 million and diluted earnings per share of $1.65 for the quarter ended June 30, 2024. For the year-ago quarter, the figures were $1,000 million and $1.20, respectively.
Key points
AI summaryThe company reported GAAP net revenues of $1,230 million and diluted earnings per share of $1.65 for the quarter ended June 30, 2024. For the year-ago quarter, the figures were $1,000 million and $1.20, respectively.
Interactive Brokers said its adjusted diluted EPS, which excludes the effects of its currency diversification strategy and mark-to-market on investments, was $1.76 ($1.32 in the year-ago quarter), and its adjusted income before income taxes was $940 million ($716 million in the year-ago quarter).
The company said commission revenue rose 26% year over year to $406 million, and net interest income rose 14% to $792 million. It cited higher trading volumes, higher benchmark interest rates, and growth in customer margin loans and customer credit balances as factors.
The company said it recognized a loss of approximately $48 million in the current quarter on positions taken over as customer accommodation due to a technical issue at the New York Stock Exchange on the morning of June 3, 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q2 GAAP net revenues $1,230 million, diluted EPS $1.65
The company reported GAAP net revenues of $1,230 million and diluted earnings per share of $1.65 for the quarter ended June 30, 2024. For the year-ago quarter, the figures were $1,000 million and $1.20, respectively.
Source · Based on the filing body and exhibits
Adjusted EPS $1.76, adjusted pretax income $940 million
Interactive Brokers said its adjusted diluted EPS, which excludes the effects of its currency diversification strategy and mark-to-market on investments, was $1.76 ($1.32 in the year-ago quarter), and its adjusted income before income taxes was $940 million ($716 million in the year-ago quarter).
Source · Based on the filing body and exhibits
Commission revenue up 26%, net interest income up 14%
The company said commission revenue rose 26% year over year to $406 million, and net interest income rose 14% to $792 million. It cited higher trading volumes, higher benchmark interest rates, and growth in customer margin loans and customer credit balances as factors.
Source · Based on the filing body and exhibits
June 3 tech issue, loss of about $48 million
The company said it recognized a loss of approximately $48 million in the current quarter on positions taken over as customer accommodation due to a technical issue at the New York Stock Exchange on the morning of June 3, 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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