Press release
Interactive Brokers Group Announces 3Q2021 Results
Diluted Earnings Per Share of $0.43, Adjusted Diluted Earnings Per Share1 of $0.78. Pretax Income of $234 Million on $464 Million in Net Revenues. Adjusted
About this update from Interactive Brokers Group, Inc.
[{"type":"text","content":"\nDiluted Earnings Per Share of $0.43, Adjusted Diluted Earnings Per Share1 of $0.78.\n\nPretax Income of $234 Million on $464 Million in Net Revenues.\n\nAdjusted Pretax Income of $420 Million on $650 Million in Adjusted Net Revenues1.\n\nDeclares Quarterly Dividend of $0.10 Per Share.\n\n GREENWICH, Conn.--(BUSINESS WIRE)--\nInteractive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, reported diluted earnings per share of $0.43 for the quarter ended September 30, 2021 compared to $0.58 for the same period in 2020, and adjusted diluted earnings per share of $0.78 for this quarter compared to $0.53 for the year-ago quarter.\n\nNet revenues were $464 million and income before income taxes was $234 million for this quarter, compared to net revenues of $548 million and income before income taxes of $334 million for the same period in 2020. Adjusted net revenues were $650 million and adjusted income before income taxes was $420 million for this quarter, compared to adjusted net revenues of $518 million and adjusted income before income taxes of $304 million for the same period in 2020.\n\nFinancial Highlights\n\n\nCommission revenue increased $32 million, or 11%, from the year-ago quarter on higher customer stock and options trading volumes.\n\n\n\nNet interest income increased $79 million, or 41%, from the year-ago quarter on higher margin loan balances and strong securities lending activity.\n\n\n\nOther income decreased $199 million from the year-ago quarter. This decrease was mainly comprised of (1) $191 million related to our strategic investment in Up Fintech Holding Limited (“Tiger Brokers”), which decreased to a $185 million mark-to-market loss this quarter from a $6 million mark-to-market gain in the same period in 2020; and (2) $30 million related to our currency diversification strategy, which lost $3 million this quarter compared to a gain of $27 million in the same period in 2020; partially offset by (3) the non-recurrence of a $13 million impairment loss on our investment in OneChicago Exchange recognized in the year-ago quarter.\n\n\n\n50% pretax profit margin for this quarter, down from 61% in the year-ago quarter. 65% adjusted pretax profit margin for this quarter, up from 59% in the year-ago quarter.\n\n\n\nTotal equity of $10.0 billion.\n\n\nThe Interactive Brokers Group, Inc. Board of D...