NASDAQ$IBKR

Interactive Brokers Group · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported an increase in net revenues, commission revenue, customer accounts, and customer equity compared to the same quarter last year. The board also raised the quarterly dividend.

Interactive Brokers Group reported a strong first quarter with increased net revenues and earnings per share. The company saw growth in customer accounts and equity, driven by higher trading volumes and net interest income. The board declared an increase in the quarterly cash dividend.

  • Diluted EPS was $1.61, and adjusted EPS was $1.64.
  • Net revenues were $1,203 million, with adjusted net revenues of $1,216 million.
  • The quarterly dividend was raised from $0.10 to $0.25 per share.
  • Customer accounts increased 25% to 2.75 million.

Headline financials

Total Revenue

$1.2B

Previous: $1.06B+13.9%
EPS (adj)

$1.64

Previous: $1.35+21.5%
Customer Accounts

2.7M

Previous: 2.2M+24.8%
Customer Equity

$466B

Previous: $343B+35.8%
DARTs

2.4M

No prior period
Quarterly Dividend

$0.25

No prior period
Free Cash Flow

$795M

Previous: $700M+13.6%
Net Income

$795M

Previous: $700M+13.6%
Operating Income

$866M

Previous: $1.02B-15.2%
Gross Profit

$1.2B

Previous: $1.06B+13.9%

Revenue & EPS history

Interactive Brokers · Revenue · Quarterly

$1.2B

Q1 2024+13.9%vs Q1 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Interactive Brokers · $385M total across 2 segments · Q3 2023

  • Commissions
    $333M+4.1%
  • Other Fees & Services
    $52M+15.6%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.2%

Avg return

Earnings day

-1.9%

Avg return

5 days after

+3.0%

Avg return

30 days after

41%

28 / 68 earnings

Positive

+13.9%

Q1 2014

Best reaction

-11.2%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-2.5%+2.1%
Q4 2025+7.6%+5.4%+4.0%
Q3 2025-3.4%-5.5%-3.6%
Q2 2025-1.0%-2.3%-0.3%
Q1 2025-9.0%-11.5%+20.6%
Q3 2024-3.0%-1.6%+17.6%
Q2 2024-1.0%-3.2%-3.5%
Q1 2024+0.1%+2.2%+11.6%
Q4 2023+0.9%+1.6%+18.4%
Q3 2023-3.5%-6.7%-8.6%
Q2 2023-2.2%-0.4%+8.1%
Q1 2023+0.4%-3.2%-9.6%
Q4 2022+4.8%+2.2%+13.3%
Q3 2022+10.7%+11.6%+9.1%
Q2 2022+2.7%+2.3%+15.9%
Q1 2022+3.9%-4.6%-14.0%
Q4 2021-3.5%-7.3%-4.8%
Q3 2021+4.7%+4.0%+4.2%
Q2 2021+1.8%-1.9%-1.9%
Q1 2021-5.1%-5.2%-13.7%
Q4 2020-1.4%-0.2%+8.0%
Q3 2020+0.3%+0.1%+8.2%
Q2 2020+0.1%-4.1%+1.5%
Q1 2020-11.2%-13.0%-12.2%
Q4 2019-1.9%-5.0%+13.7%
Q3 2019-2.0%-4.3%-0.9%
Q2 2019-3.9%-3.0%-10.9%
Q1 2019-0.5%+0.8%+2.4%
Q4 2018-7.9%-7.5%+1.6%
Q3 2018+1.9%-3.4%+2.8%
Q2 2018+4.2%-0.0%-2.9%
Q1 2018-0.6%+2.0%+7.9%
Q4 2017-0.8%-1.0%+7.6%
Q3 2017+4.3%+3.5%+14.0%
Q2 2017-1.5%+2.6%+7.8%
Q1 2017-1.8%-1.4%+0.6%
Q4 2016-4.3%-5.0%+0.1%
Q3 2016-2.3%-3.0%+9.1%
Q2 2016-5.8%-5.5%-4.5%
Q1 2016+0.2%
Q4 2015-1.9%
Q3 2015-3.6%
Q2 2015-2.1%
Q1 2015+5.1%
Q4 2014+3.3%
Q3 2014+3.8%
Q2 2014-3.7%
Q1 2014+13.9%
Q4 2013-1.4%
Q3 2013-0.3%
Q2 2013+2.7%
Q1 2013+2.4%
Q4 2012-1.1%
Q3 2012+3.7%
Q2 2012+1.2%
Q1 2012-0.6%
Q4 2011-0.1%
Q3 2011-1.5%
Q2 2011-2.3%
Q1 2010-0.3%
Q1 2011+1.9%
Q4 2010-1.0%
Q4 2008-1.0%
Q3 2009+0.6%
Q3 2010+0.6%
Q4 2009-0.6%
Q2 2009-0.6%
Q2 2010-0.6%

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