NASDAQ$IBKR

Interactive Brokers Group · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Interactive Brokers' Q4 2023 results were announced, featuring a GAAP diluted EPS of $1.48 and adjusted EPS of $1.52, alongside GAAP net revenues of $1,139 million and adjusted net revenues of $1,149 million.

Interactive Brokers Group reported a strong Q4 2023, with a GAAP diluted EPS of $1.48 and adjusted EPS of $1.52. Net revenues reached $1,139 million (GAAP) and $1,149 million (adjusted). The company saw increases in commission revenue and net interest income, driven by higher trading volumes and interest rates.

  • Commission revenue increased by 5% year-over-year to $348 million, driven by mixed customer trading volume.
  • Net interest income increased 29% year-over-year to $730 million due to higher benchmark interest rates and increased customer margin loans and credit balances.
  • Customer accounts increased by 23% year-over-year, reaching 2.56 million.
  • Customer equity increased by 39% year-over-year, totaling $426.0 billion.

Headline financials

Total Revenue

$1.14B

Previous: $976M+16.7%
EPS (adj)

$1.52

Previous: $1.30+16.9%
Customer Accounts

2.6M

Previous: 2.1M+22.5%
Customer Equity

$426B

Previous: $307B+38.9%
Customer Margin Loans

$44.4B

No prior period
Net Income

$739M

Previous: $633M+16.7%
Operating Income

$816M

Previous: $689M+18.4%
Gross Profit

$1.15B

Previous: $965M+19.0%
Stock-Based Comp

$25M

Previous: $28M-10.7%

Revenue & EPS history

Interactive Brokers · Revenue · Quarterly

$1.14B

Q4 2023+16.7%vs Q4 2022
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%

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 Q4 2023

Historical avgQ4 2023

-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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