Interactive Brokers Group, Inc. (NASDAQ:IBKR) stock rose 7.75% (As on January 22, 11:19:38 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY 24. Commission revenue increased 37% to $477 million on higher customer trading volumes. Customer trading volume in options and stocks increased 32% and 65%, respectively, while customer futures volume decreased by 3%. Net interest income increased 11% to $807 million on higher average customer margin loans and customer credit balances. Other fees and services increased $26 million, or 47%, to $81 million, led by increases of $14 million in risk exposure fees and $4 million in payments for order flow from exchange-mandated programs. Execution, clearing and distribution fees expenses increased 15% to $115 million, driven by a higher SEC fee rate, a new FINRA Consolidated Audit Trail (“CAT”) fee initiated during the current quarter, and higher customer trading volumes in options and stocks. Pretax profit margin for the current quarter was 75% as reported and 76% as adjusted. For the year-ago quarter, pretax margin was 72% both as reported and as adjusted. Total equity of $16.6 billion.

Moreover, in the fourth quarter, Customer accounts increased 30% to 3.34 million. Customer equity increased 33% to $568.2 billion. Total DARTs increased 61% to 3.12 million. Customer credits increased 15% to $119.7 billion. Customer margin loans increased 45% to $64.2 billion. Meanwhile, in this quarter, our currency diversification strategy decreased our comprehensive earnings by $266 million, as the U.S. dollar value of the GLOBAL decreased by approximately 1.63%. This quarter, Other Income also includes a $24 million net gain from our investment in Tiger Brokers, which is comprised of a one-time realized gain of $34 million from the sale of a portion of such investment and a $10 million unrealized loss

IBKR in the fourth quarter of FY 24 has reported the adjusted earnings per share of $2.03, beating the analysts’ estimates for the adjusted earnings per share of $1.86, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue of $1.42 billion in the fourth quarter of FY 24, beating the analysts’ estimates for revenue by 3.50%. The company reported income before income taxes for the current quarter of $1,077 million as adjusted.

Additionally, the company has declared a quarterly cash dividend of $0.25 per share. This dividend is payable on March 14, 2025, to shareholders of record as of February 28, 2025.