Summary by Moomoo AI
Interactive Brokers Group reported strong Q3 2024 results with GAAP diluted EPS of $1.81, up from $1.56 YoY. Net revenues increased 19% to $1.37 billion, driven by a 31% rise in commission revenue to $435 million and a 9% growth in net interest income to $802 million. Customer trading volumes showed significant growth across options (35%), stocks (22%), and futures (13%).The company demonstrated robust operational growth with customer accounts increasing 28% to 3.12 million and customer equity rising 46% to $541.5 billion. Daily average revenue trades (DARTs) surged 42% to 2.70 million, while customer margin loans grew 28% to $55.8 billion. The pretax profit margin remained strong at 72%.The Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on December 13, 2024, to shareholders of record as of November 29, 2024. The company's currency diversification strategy contributed positively to comprehensive earnings with a $178 million increase as the U.S. dollar value of the GLOBAL rose by approximately 1.14%.
