NASDAQ$IBKR

Interactive Brokers Group · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an increase in diluted earnings per share and net revenues compared to the same period last year.

Interactive Brokers Group reported a strong second quarter with a diluted EPS of $1.00, up from $0.40 in the same period last year, and net revenues of $754 million, compared to $539 million in the same period last year. The company's pretax profit margin increased to 72% from 41% in the year-ago quarter. Customer accounts and equity also saw significant growth.

  • Diluted earnings per share (EPS) reached $1.00, a notable increase from $0.40 in the same period last year.
  • Net revenues increased to $754 million, up from $539 million in the prior year.
  • Customer accounts grew by 61% year-over-year, reaching 1.41 million.
  • Customer equity increased by 79% year-over-year, totaling $363.5 billion.

Headline financials

Total Revenue

$754M

Previous: $539M+39.9%
EPS (adj)

$0.82

Previous: $0.57+43.9%
Customer Accounts

1.4M

Previous: 876.0K+61.0%
Customer Equity

$364B

Previous: $203B+78.9%
Customer Margin Loans

$48.8B

No prior period
Free Cash Flow

$506M

Previous: $207M+144.4%
Net Income

$506M

Previous: $207M+144.4%
Operating Income

$711M

Previous: $502M+41.6%
Gross Profit

$754M

Previous: $539M+39.9%
Cash & Equivalents

$3.22B

Previous: $3.12B+3.3%
Total Assets

$104B

Previous: $84B+24.3%
Stock-Based Comp

$17M

Previous: $13M+30.8%

Revenue & EPS history

Interactive Brokers · Revenue · Quarterly

$754M

Q2 2021+39.9%vs Q2 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Interactive Brokers · $362M total across 2 segments · Q2 2021

  • Commissions
    $307M+11.2%
  • Other Fees & Services
    $55M+37.5%

Forward guidance

The company's future performance is subject to various factors, including the impact of the COVID-19 pandemic and market conditions.

Tailwinds

  • Committed to ensuring the highest levels of service to its customers.
  • Technical infrastructure has withstood the challenges presented by the extraordinary volatility and increased market volume.
  • Company can run its business from alternate office locations and/or remotely.
  • Higher commission revenue due to increased trading activity.
  • Higher rate of customer accounts opened throughout 2020 and into 2021

Headwinds

  • The impact of the COVID-19 pandemic on the Company’s future financial results remains uncertain and currently cannot be quantified
  • Depends on numerous evolving factors that currently cannot be accurately predicted, including, but not limited to the duration and spread of the pandemic
  • Impact on our customers, employees and vendors
  • Governmental actions in response to the pandemic
  • Overall impact of the pandemic in the economy and society

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 Q2 2021

Historical avgQ2 2021

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro