Interactive Brokers Group reported second-quarter earnings of $0.69 per diluted share, up from $0.51 a year earlier, on net revenues of $1.90 billion versus $1.48 billion. Customer accounts grew 34% to 5.19 million and customer equity rose 40% to $930.3 billion, lifting commission revenue 30% to $673 million and net interest income 23% to $1.06 billion, with margin loans up 67% to $108.5 billion. The pretax margin edged up to 77% from 75% a year ago, and the board declared a quarterly dividend of $0.0875 per share payable September 14 to holders of record on September 1. Execution, clearing and distribution fees rose 22% to $142 million, while a 0.21% slip in the GLOBAL currency basket cut comprehensive earnings by $36 million. Hedge funds holding the stock climbed to 87 from 70, short interest sits at 2.64% of float, and the shares trade at 27.93 times forward earnings.
Interactive Brokers Group IncQ2 earnings of $0.69/share on $1.90B revenue, up from $0.51 and $1.48B, with pretax margin rising to 77% and a declared dividend.
