By Kelly Cloonan
Interactive Brokers Group posted higher profit and revenue in the first quarter as trading volume across stocks, options and futures rose.
The online brokerage platform on Tuesday posted a profit of $213 million, or $1.94 a share, compared with $175 million, or $1.61 a share, a year earlier.
Stripping out one-time items, adjusted per-share earnings were $1.88, below the $1.92 forecast by analysts polled by FactSet.
Revenue rose 19% to $1.43 billion, above analyst estimates of $1.41 billion.
Commission revenue rose 36% to $514 million on higher customer trading volumes. Trading volume in stocks and options rose 47% and 25%, respectively, while futures volume rose 16%.
Customer accounts rose 32% to 3.62 million, with customer equity rising 23% to $573.5 billion.
Interactive Brokers also raised its quarterly cash dividend by 28% to 32 cents a share from 25 cents and declared a four-for-one stock split. Trading is expected to start on the split-adjusted basis June 18.
Shares fell 4.4% in after-hours trading to $165.86. The stock is up 59% over the past 52 weeks.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 15, 2025 16:31 ET (20:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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