Interactive Brokers Group, Inc. (NASDAQ:IBKR), an automated global electronic broker, stock fell 4.12% (As on October 16, 11:21:06 AM UTC-4, Source: Google Finance) after the company posted mixed result for the third quarter of FY 24. Commission revenue increased 31% to $435 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 35%, 22% and 13%, respectively. Net interest income increased 9% to $802 million on higher customer margin loans and customer credit balances. Other fees and services increased $20 million, or 38%, to $72 million, driven by increases of $13 million in risk exposure fees, $5 million in payments for order flow from exchange-mandated programs, and $2 million in FDIC sweep program fees. Execution, clearing and distribution fees expenses increased 18% to $116 million, driven by a higher SEC fee rate and higher customer trading volumes. General and administrative expenses increased $30 million, or 67%, to $75 million, driven primarily by a one-time charge of $12 million related to the consolidation of the European subsidiaries and a $9 million increase related to legal and regulatory matters. Pretax profit margin for the current quarter was 72% both as reported and as adjusted. For the year-ago quarter, pretax margin was 73% both as reported and as adjusted. Total equity of $16.1 billion.

Moreover, for the third quarter, Customer accounts increased 28% to 3.12 million. Customer equity increased 46% to $541.5 billion. Total DARTs increased 42% to 2.70 million. Customer credits increased 19% to $116.7 billion. Customer margin loans increased 28% to $55.8 billion. Meanwhile, in this quarter, the currency diversification strategy increased the comprehensive earnings by $178 million, as the U.S. dollar value of the GLOBAL increased by approximately 1.14%.

IBKR in the third quarter of FY 24 has reported the adjusted earnings per share of $1.75, missing the analysts’ estimates for the adjusted earnings per share of $1.78, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue of $1.37 billion in the third quarter of FY 24, beating the analysts’ estimates for revenue by 3.30%. The company reported income before income taxes was $987 million for the current quarter and $949 million as adjusted. For the year-ago quarter, reported income before income taxes was $840 million and $834 million as adjusted.

Additionally, the company declared a quarterly cash dividend of $0.25 per share, payable on December 13 to shareholders of record as of November 29.