Interactive Brokers Group (IBKR), a leading electronic brokerage firm, saw its stock surge 6.83% in the last 24 hours on Wednesday after reporting impressive fourth-quarter results. The company's strong financial performance was driven by a significant increase in trading activity and customer growth.

The key highlights of IBKR's Q4 2024 results include:

• Adjusted earnings per share of $2.03 surpassed the consensus estimate of $1.84, representing a 35.5% year-over-year increase.

• Adjusted revenue of $1.424 billion beat the $1.354 billion estimate, up 23.9% from the prior year.

• Commission revenue grew 37% to $477 million, fueled by higher customer trading volumes in options (up 32%) and stocks (up 65%).

• Net interest income rose 11% to $807 million, driven by higher average customer margin loans and credit balances.

• Customer accounts increased 30.5% year-over-year to 3.34 million, while customer equity grew 33% to $568.2 billion.

The strong quarterly performance was primarily attributed to the surge in trading volumes and customer activity. Interactive Brokers benefited from its advanced trading platforms, global market access, and competitive pricing, attracting both individual investors and institutional clients.

Looking ahead, the company remains optimistic about its growth prospects, with plans to further enhance its technology offerings and expand into new markets. However, regulatory challenges and increased operational costs remain potential headwinds.