Interactive Brokers Group, Inc (NASDAQ:IBKR) stock rose 1.26% (As on January 18, 11:27:04 AM UTC-4, Source: Google Finance) after the company posted better than expected results for fourth quarter of FY 22. Commission revenue increased 3% to $331 million on higher customer futures trading volume and larger average trade size in options, tempered by lower customer stock trading volume. Net interest income increased 92% to $565 million on higher benchmark interest rates and customer credit balances, despite a decline in margin lending balances. Other income increased $107 million to a gain of $37 million. This increase was mainly comprised of $58 million related to our strategic investment in Up Fintech Holding Limited (“Tiger Brokers”), $34 million related to our currency diversification strategy and $6 million related to the remeasurement of our Tax Receivable Agreement liability. The company has reported pretax profit margin was 71% for the current quarter and 70% as adjusted. For the year-ago quarter, reported pretax margin was 62% and 66% as adjusted. Total equity of $11.6 billion. In this quarter, the company’s currency diversification strategy increased te comprehensive earnings by $169 million, as the U.S. dollar value of the GLOBAL increased by approximately 1.65%.

IBKR in the fourth quarter of FY 22 has reported the adjusted earnings per share of $1.30, beating the analysts’ estimates for the adjusted earnings per share of $1.16, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue of $976 million in the fourth quarter of FY 22, beating the analysts’ estimates for revenue by 5.31%. For the year-ago quarter, reported net revenues were $603 million and $683 million as adjusted. The company has reported income before income taxes was $689 million for the current quarter and $671 million as adjusted. For the year-ago quarter, reported income before income taxes was $373 million and $453 million as adjusted.

Additionally, the company has declared a quarterly cash dividend of $0.10 per share. This dividend is payable on March 14, 2023, to shareholders of record as of March 1, 2023.

In addition, during the quarter, customer accounts increased 25% to 2.09 million, customer equity decreased 18% to $306.7 billion, Total DARTs decreased 22% to 1.89 million, Cleared DARTs decreased 22% to 1.69 million, Customer credits increased 9% to $95.2 billion and Customer margin loans decreased 29% to $38.9 billion.