The company reported net revenues of $1,230 million and income before income taxes of $880 million for the quarter ended June 30, 2024. In the prior-year quarter, those figures were $1,000 million and $652 million, respectively, and the pretax profit margin was 72%, compared with 65% a year earlier.

10-QQuarterly reportFiled Aug 5, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company reported net revenues of $1,230 million and income before income taxes of $880 million for the quarter ended June 30, 2024. In the prior-year quarter, those figures were $1,000 million and $652 million, respectively, and the pretax profit margin was 72%, compared with 65% a year earlier.
Interactive Brokers said commission revenue rose 26% to $406 million and net interest income rose 14% to $792 million in the current quarter. The company cited higher customer trading volumes as the driver of commission revenue growth, and higher benchmark interest rates, customer margin loans and customer credit balances as the drivers of net interest income growth.
The company said its currency diversification strategy reduced comprehensive earnings by $30 million in the current quarter (a decrease of $24 million in the prior-year quarter). Of this, the loss in other income was $20 million and the OCI loss was $10 million, and adjusted income before income taxes was $940 million.
The company said it generated net cash of $3,304 million from operating activities over the 6 months ended June 30, 2024. Cash, cash equivalents and restricted cash increased by $2,695 million to $35.3 billion, and it used net cash of $497 million in investing and financing activities.

Key figures

Quarter ended June 30, 2024

Revenue: $1.2B
Net income: $809M
EPS: $1.65

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Net Revenues and Pretax Income

The company reported net revenues of $1,230 million and income before income taxes of $880 million for the quarter ended June 30, 2024. In the prior-year quarter, those figures were $1,000 million and $652 million, respectively, and the pretax profit margin was 72%, compared with 65% a year earlier.

Source · Based on the MD&A text of the filing

Commission Revenue and Net Interest Income

Interactive Brokers said commission revenue rose 26% to $406 million and net interest income rose 14% to $792 million in the current quarter. The company cited higher customer trading volumes as the driver of commission revenue growth, and higher benchmark interest rates, customer margin loans and customer credit balances as the drivers of net interest income growth.

Source · Based on the MD&A text of the filing

Currency Diversification Strategy and Adjusted Metrics

The company said its currency diversification strategy reduced comprehensive earnings by $30 million in the current quarter (a decrease of $24 million in the prior-year quarter). Of this, the loss in other income was $20 million and the OCI loss was $10 million, and adjusted income before income taxes was $940 million.

Source · Based on the MD&A text of the filing

6-Month Operating Cash Flow and Cash Balance

The company said it generated net cash of $3,304 million from operating activities over the 6 months ended June 30, 2024. Cash, cash equivalents and restricted cash increased by $2,695 million to $35.3 billion, and it used net cash of $497 million in investing and financing activities.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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