Press release
Interactive Brokers Group Announces 2Q2022 Results
GAAP DILUTED EPS OF $0.72, ADJUSTED1 EPS OF $0.84 GAAP NET REVENUES OF $656 MILLION, ADJUSTED NET REVENUES OF $717 MILLION GREENWICH, Conn.--(BUSINESS
About this update from Interactive Brokers Group, Inc.
[{"type":"text","content":"\nGAAP DILUTED EPS OF $0.72, ADJUSTED1 EPS OF $0.84\n\nGAAP NET REVENUES OF $656 MILLION, ADJUSTED NET REVENUES OF $717 MILLION\n\n GREENWICH, Conn.--(BUSINESS WIRE)--\nInteractive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended June 30, 2022.\n\nReported diluted earnings per share were $0.72 for the current quarter and $0.84 as adjusted. For the year-ago quarter, reported diluted earnings per share were $1.00 and $0.82 as adjusted.\n\nReported net revenues were $656 million for the current quarter and $717 million as adjusted. For the year-ago quarter, reported net revenues were $754 million and $650 million as adjusted.\n\nReported income before income taxes was $392 million for the current quarter and $453 million as adjusted. For the year-ago quarter, reported income before income taxes was $541 million and $437 million as adjusted.\n\nFinancial Highlights\n\n(All comparisons are to the year-ago quarter.)\n\n\nCommission revenue increased 5% to $322 million on higher customer options and futures trading volume tempered by lower stock volume.\n\n\nNet interest income increased 27% to $348 million on higher benchmark interest rates and customer balances, partially offset by a decline in securities lending activity.\n\n\nOther income decreased $175 million to a loss of $57 million. This decrease was mainly comprised of the non-recurrence of a $113 million gain related to our strategic investment in Up Fintech Holding Limited (“Tiger Brokers”), $44 million related to our currency diversification strategy, and $7 million related to our U.S. government securities portfolio.\n\n\nReported pretax profit margin was 60% for the current quarter and 63% as adjusted. For the year-ago quarter, reported pretax margin was 72% and 67% as adjusted.\n\n\nTotal equity of $10.6 billion.\n\n\nThe Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.10 per share. This dividend is payable on September 14, 2022, to shareholders of record as of September 1, 2022.\n\nBusiness Highlights\n\n(All comparisons are to the year-ago quarter.)\n\n\nCustomer accounts increased 36% to 1.92 million.\n\n\nCustomer equity decreased 19% to $294.8 billion, including approximately 3% due to an omnibus broker that is now using a trust company for custody.\n\n\nTot...