Interactive Brokers Group posted strong financial results for Q2 of 2021. The company reported net revenues of $754 million in the second quarter of 2021, compared to $539 million during the same period in 2020.

The broker’s income before taxes reached $541 million in Q2 of 2021. The company reported income before taxes of $222 million in Q2 of 2020. Adjusted net revenues also increased substantially in the latest quarter compared to the same period last year.

The Commission's revenue jumped by nearly 11% in Q2 of 2021. There was around a 40% spike reported in net interest income. Additionally, administrative expenses saw a significant dip in the second quarter of 2021.

Interactive Brokers Group reported diluted earnings per share of $1.00 for the quarter ended 30 June 2021. During the same period in 2020, the company reported diluted earnings per share of $0.40.

“Net revenues were $754 million and income before income taxes was $541 million for this quarter, compared to net revenues of $539 million and income before income taxes of $222 million for the same period in 2020. Adjusted net revenues were $650 million and adjusted income before income taxes was $437 million for this quarter, compared to adjusted net revenues of $523 million and adjusted income before income taxes of $310 million for the same period in 2020,” the broker mentioned in the announcement.

Earlier this week, Interactive Brokers announced a new simple stock pricing in Europe to attract individual investors in the region.

Key Numbers

During the latest quarter, Interactive Brokers reported a substantial jump in the total number of customer accounts and customer equity. Customer accounts increased 61% from last year's quarter to 1.41 million. On the other hand, Customer equity grew 79% from last year's quarter to $363.5 billion. “72% pretax profit margin for this quarter, up from 41% in the year-ago quarter. 67% adjusted pretax profit margin for this quarter, up from 59% in the year-ago quarter. Total equity of $9.9 billion,” Interactive Brokers added.

In December 2020, Interactive Brokers established an entity in Ireland to expand the company's presence in Europe.

Interactive Brokers Group posted strong financial results for Q2 of 2021. The company reported net revenues of $754 million in the second quarter of 2021, compared to $539 million during the same period in 2020.

The broker’s income before taxes reached $541 million in Q2 of 2021. The company reported income before taxes of $222 million in Q2 of 2020. Adjusted net revenues also increased substantially in the latest quarter compared to the same period last year.

The Commission's revenue jumped by nearly 11% in Q2 of 2021. There was around a 40% spike reported in net interest income. Additionally, administrative expenses saw a significant dip in the second quarter of 2021.

Interactive Brokers Group reported diluted earnings per share of $1.00 for the quarter ended 30 June 2021. During the same period in 2020, the company reported diluted earnings per share of $0.40.

“Net revenues were $754 million and income before income taxes was $541 million for this quarter, compared to net revenues of $539 million and income before income taxes of $222 million for the same period in 2020. Adjusted net revenues were $650 million and adjusted income before income taxes was $437 million for this quarter, compared to adjusted net revenues of $523 million and adjusted income before income taxes of $310 million for the same period in 2020,” the broker mentioned in the announcement.

Earlier this week, Interactive Brokers announced a new simple stock pricing in Europe to attract individual investors in the region.

Key Numbers

During the latest quarter, Interactive Brokers reported a substantial jump in the total number of customer accounts and customer equity. Customer accounts increased 61% from last year's quarter to 1.41 million. On the other hand, Customer equity grew 79% from last year's quarter to $363.5 billion. “72% pretax profit margin for this quarter, up from 41% in the year-ago quarter. 67% adjusted pretax profit margin for this quarter, up from 59% in the year-ago quarter. Total equity of $9.9 billion,” Interactive Brokers added.

In December 2020, Interactive Brokers established an entity in Ireland to expand the company's presence in Europe.