Interactive Brokers Reports Q4 Revenue Miss

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Interactive Brokers Reports Q4 Revenue Miss
Credit: © Reuters.

By Sam Boughedda

Investing.com — Interactive Brokers Group Inc (NASDAQ: IBKR ) announced earnings per share of 83 cents on revenue of $603 million. Analysts polled by Investing.com anticipated EPS of 83 cents on revenue of $671.17 million.

IBKR's commission revenue increased $32 million, or 11%, from the same period last year on higher customer options and futures trading volumes and higher average per share commission in stocks.

Meanwhile, net interest income increased $70 million, or 31%, on higher margin loan balances and strong securities lending activity; customer accounts increased 56%, and Total DARTs increased 16%.

Following the fourth-quarter report, the company's shares have fallen 1.81% to $70.66.

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