Interactive Brokers Group, Inc. (NASDAQ:IBKR) stock fell 10.55% (As on April 16, 11:16:12 AM UTC-4, Source: Google Finance) after the company missed the market’s expectations for the first quarter of FY25. The company reported income before income taxes was $1,055 million for the current quarter and $1,024 million as adjusted. For the year-ago quarter, reported income before income taxes was $866 million and $879 million as adjusted. Commission revenue increased 36% to $514 million on higher customer trading volumes. Customer trading volume in stocks, options and futures increased 47%, 25% and 16%, respectively. Net interest income increased 3% to $770 million on higher average customer margin loans and customer credit balances. Other fees and services increased 32% to $78 million, led by increases of $9 million in risk exposure fees and $3 million in payments for order flow from exchange-mandated programs. Execution, clearing and distribution fees increased 20% to $121 million, driven by a higher SEC fee rate, a new FINRA Consolidated Audit Trail (“CAT”) fee initiated during the fourth quarter of 2024, and higher customer trading volumes in stocks, options and futures. Pretax profit margin for the current quarter was 74% as reported and 73% as adjusted. For the year-ago quarter, pretax margin was 72% both as reported and as adjusted. Total equity of $17.5 billion.

IBKR in the first quarter of FY25 has reported the adjusted earnings per share of $1.88, missing the analysts’ estimates for the adjusted earnings per share of $1.92, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue to $1.4 billion in the first quarter of FY25, missing the analysts’ estimates for revenue by 2.255.

Additionally, the company declared an increase in the quarterly cash dividend from $0.25 per share to $0.32 per share. This dividend is payable on June 13, 2025, to shareholders of record as of May 30, 2025. In addition, Interactive Brokers Group, Inc. announced a four-for-one forward split of its common stock to make stock ownership more accessible to investors. Each record holder of common stock as of the close of market on Monday, June 16, 2025, will receive three additional shares of common stock, to be distributed after the close of market on Tuesday, June 17, 2025. Trading is expected to commence on a split-adjusted basis at market open on Wednesday, June 18, 2025.