Interactive Brokers Q1 Revenues $1.68B, EPS Up 28%, Accounts Surge 31%
Interactive Brokers reported Q1 adjusted EPS of $0.60 on $1.68B revenues, with 19% commission revenue growth and 17% net interest income rise, while maintaining a 77% pretax margin. Total accounts jumped 31% to 4.75M, customer equity climbed 38% to $789.4B, and dividend was raised 9.4% to $0.0875 per share.
1. Strong Earnings and Revenue Growth
Interactive Brokers delivered adjusted EPS of $0.60 in Q1, up from $0.47 a year earlier, on net revenues of $1.68 billion. Commission revenue exceeded $600 million, rising 19% year-over-year, while net interest income grew 17% to $904 million, and pretax profit margin held at 77% for the sixth straight quarter.
2. Explosive Account and Asset Growth
Total client accounts increased 31% to 4.75 million, driven by strong retail and institutional onboarding. Customer equity rose 38% to $789.4 billion, credits hit a record $168.8 billion (+35%), DARTs climbed 24% to 4.37 million, futures volumes set a new quarterly record, and margin loans expanded 35% to $86 billion.
3. Dividend Hike and Shareholder Returns
The board approved a 9.4% dividend increase, boosting the quarterly payout from $0.08 to $0.0875 per share. This marks the latest step in the firm’s strategy of returning capital to shareholders through consistent dividend growth.
4. Expanded Crypto and Derivatives Offering
The firm rolled out its crypto trading service to clients across the European Economic Area and launched access to Coinbase Derivatives Exchange perpetual futures. Early adopter volumes have been significant, and the new ForecastEx prediction market is attracting growing institutional participation with promising trading potential.