Interactive Brokers reports higher earnings and revenues, beats estimates, stock up 3.5% after hours

From Zacks Investment Research: 2025-01-22 07:36:18

Interactive Brokers Group (IBKR) saw a 3.5% increase in after-hours trading after reporting better-than-expected quarterly results. The fourth-quarter 2024 adjusted earnings per share of $2.03 beat estimates and showed a 33.6% increase from the previous year. Revenues increased, fueled by growth in customer accounts and daily average revenue trades. However, higher expenses offset some gains. For the full year 2024, IBKR reported adjusted earnings per share of $7.03, surpassing estimates and showing a 22.3% rise from the previous year. The company remains in a strong capital position, with total assets reaching $150.5 billion as of Dec. 31, 2024. Looking ahead, IBKR is expected to benefit from its proprietary software and emerging market customers, although rising expenses and geopolitical risks remain challenges. In related news, LPL Financial and Tradeweb Markets are scheduled to announce their fourth-quarter and full-year 2024 results on Jan. 30 and Feb. 6, respectively.



Read more at Zacks Investment Research: Interactive Brokers Q4 Earnings Rise Y/Y on Higher Revenues, Stock Up – January 22, 2025