Interactive Brokers (IBKR) Misses Q3 EPS by 4c

Interactive Brokers (NASDAQ: IBKR) reported Q3 EPS of $0.30, $0.04 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $345 million versus the consensus estimate of $351.79 million.

Business Highlights

• 56% Electronic Brokerage pretax profit margin for this quarter, down from 61% in the year-ago quarter.
• 16% Market Making pretax profit margin for this quarter, down from 51% in the year-ago quarter.
• Customer equity grew 33% from the year-ago quarter to $82.7 billion and customer debits increased 15% to $18.1 billion.
• Customer accounts increased 15% from the year-ago quarter to 370 thousand.
• Total DARTs decreased 11% from the year-ago quarter to 609 thousand.
• Brokerage segment equity was $3.9 billion. Total equity was $5.9 billion.

For earnings history and earnings-related data on Interactive Brokers (IBKR) click here.

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