Interactive Brokers reported a pre-tax profit margin of 77% in its latest quarter, marking seven consecutive quarters with a margin above 70%. The online brokerage, which connects traders across 170 markets worldwide, grew customer accounts 34% to 5.19 million while operating with only 3,000 employees globally. Net interest income rose 23% to $1 billion last quarter, becoming the largest revenue segment, though this may face headwinds in a falling rate environment. The stock trades at a price-to-earnings ratio of 36, near multi-year highs, following a recent acceleration in account growth.
Interactive Brokers Group IncInteractive Brokers reported a 77% pre-tax margin, its seventh straight quarter above 70%, and strong account growth.