By Katherine Hamilton
Interactive Brokers Group profit and revenue increased in the fourth quarter of 2024, as customers traded more stocks and racked up larger credit balances, the company said Tuesday.
The automated electronic broker posted a profit of $217 million, or $1.99 a share, in the three months ended Dec. 31, compared with $160 million, or $1.48 a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $2.03, ahead of the $1.52 forecast by analysts, according to FactSet.
Revenue rose 22%, to $1.39 billion. Analysts surveyed by FactSet forecast revenue of $1.36 billion.
Commission revenue increased thanks to higher customer trading volumes, particularly in stocks. Higher average customer margin loans and credit balances bumped up net interest income.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 21, 2025 16:21 ET (21:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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