Interactive Brokers Reports Q2 2024 Results with 2.92 Million Accounts, Shares Up 1.7% AH

Interactive Brokers Group announced its second-quarter 2024 results on July 16, 2024, at 4 p.m., revealing significant growth in customer accounts and equity. The company now has 2.92 million customer accounts, a 28% year-over-year increase, and customer equity has risen to $497.2 billion, up 36% year-over-year. Interactive Brokers added another 170,000 accounts this quarter, maintaining a 38% CAGR over the last 4.5 years. Diluted earnings per share for the current quarter were $1.65, with adjusted earnings per share at $1.76. Net revenues for the quarter were $1,230 million, with adjusted net revenues at $1,290 million. Commission revenue increased by 26% to $406 million, driven by higher customer trading volumes. Despite missing revenue expectations, Interactive Brokers beat earnings per share estimates, resulting in a 1.7% increase in after-hours trading.