The earnings call highlighted a strong financial performance with record revenues and significant account growth, alongside successful global expansion and new product launches. However, challenges such as the impact of interest rate cuts and legal charges were noted. The overall sentiment is positive, driven by optimism around new initiatives like ForecastEx and strategic growth plans.

Company Guidance

During Interactive Brokers Group's Q3 2024 earnings call, several key metrics were highlighted that reflect the company's strong performance. The company reported record net revenues and pretax income, with commissions climbing to a record $435 million. Options contract volumes increased by 12% over the previous year, while CME futures volumes surged by 27%, both setting new records. Margin loans rose 28% year-over-year, with client equity reaching $541.5 billion, surpassing the half-trillion mark for the first time. Client credit balances also hit a record high of $116.7 billion, driven by the addition of 196,000 new accounts in the third quarter. The company's pretax profit margins remained robust at 72%, both reported and adjusted, underscoring its industry-leading position. Additionally, Interactive Brokers continued to expand geographically, with accounts and client equity growing fastest in Europe and Asia.

Record Net Revenues and Pretax Income

The company produced record net revenues and pretax income for the quarter, with commissions reaching a record $435 million and net interest income at a quarterly record of $802 million.

Strong Account Growth

The company added 196,000 new accounts in the third quarter, which is the highest since the meme stock days of Q1 2021. This contributed to a 19% increase in client credit balances to a record $116.7 billion and a 46% rise in client equity to $541.5 billion.

Global Expansion and Merger Completion

Completed the merger of IB Central Europe and IB Ireland, expecting annual savings of $7 million. Also opened a licensed office in Dubai, enhancing presence in the Middle East.

Introduction of ForecastEx

Launched ForecastEx, allowing trading of contracts on the outcome of events like U.S. elections. This new product is expected to draw significant interest, particularly in the days leading up to the elections.

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Interactive Brokers (IBKR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IBKR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 21, 2025	2024 (Q4)	1.73 / -	1.52	―	―	―
Oct 15, 2024	2024 (Q3)	1.82 / 1.75	1.55	12.90% (+0.20)	―
Jul 16, 2024	2024 (Q2)	1.74 / 1.76	1.32	33.33% (+0.44)	―
Apr 16, 2024	2024 (Q1)	1.63 / 1.64	1.35	21.48% (+0.29)	―
Jan 16, 2024	2023 (Q4)	1.53 / 1.52	1.3	16.92% (+0.22)	―
Oct 17, 2023	2023 (Q3)	1.51 / 1.55	1.08	43.52% (+0.47)	―
Jul 18, 2023	2023 (Q2)	1.40 / 1.32	0.84	57.14% (+0.48)	―
Apr 18, 2023	2023 (Q1)	1.41 / 1.35	0.82	64.63% (+0.53)	―
Jan 17, 2023	2022 (Q4)	1.17 / 1.30	0.83	56.63% (+0.47)	―
Oct 18, 2022	2022 (Q3)	0.96 / 1.08	0.78	38.46% (+0.30)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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IBKR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 15, 2024	$152.78	$146.59	-4.05%
Jul 16, 2024	$123.26	$122.97	-0.24%
Apr 16, 2024	$106.83	$108.66	+1.71%
Jan 16, 2024	$86.64	$88.64	+2.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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