Interactive Brokers Q2 revenue and profit both exceed expectations, client assets up 40% year-on-year
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Glonghui July 22|A certain exchange released its Q2 results, showing that, thanks to continued strong customer trading activity, a substantial expansion in margin lending, and steady growth in net interest income, both revenue and profit exceeded Wall Street expectations. The financial report shows net revenue reached approximately $1.9 billion, a year-on-year increase of 28%, surpassing the general market expectation of $1.79 billion; net profit attributable to ordinary shareholders was $312 million, up 39% year-on-year; adjusted diluted earnings per share were $0.69, also higher than the market expectation of $0.64. During the period, commission income increased by 30% year-on-year to $673 million, and net interest income rose by 23% year-on-year to $1.06 billion. As of the end of the period, the global number of client accounts increased by 34% year-on-year to 5.19 million; client assets grew by 40% year-on-year to $930.3 billion.
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