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Interactive Brokers Reports Lower DARTs but Higher Client Accounts in December

by Damian Chmiel
  • DARTs fell by 21% compared to the previous year.
  • However, the number of client accounts rose by 25% to 2.09 million.
Interactive Brokers
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Interactive Brokers Group (Nasdaq: IBKR), a popular American electronic trading platform with a global presence, published its performance metrics for December 2022. The Daily Average Revenue Trades (DARTs) came in at 1.751 million, which was 10% lower than the previous month and 21% lower than in December 2021.

Interactive Brokers Reports Lower DARTs in December

Other financial indicators reported by the Group recorded declines on a monthly and annual basis. The ending client equity amounted to $306.7 billion, falling 3% Month-over-Month (MoM) and 18% Year-over-Year (YoY). The client margin loan balances reached $38.9 billion, slipping 1% MoM and 29% YoY.

However, Interactive Brokers reported positive changes in the number of client accounts, which increased 25% YoY to 2.09 million. On a monthly basis, the number of accounts increased by a modest 1%.

Annualized average DARTs per client account reached 189, while the commission per cleared commissionable order was $3.17, including exchange , clearing and regulatory fees.

Stronger Q3 by Interactive Brokers

Although the daily average revenue trades reported by Interactive Brokers have been declining over the past few months, the broker boasts solid financial results. The broker's revenues rose 70% in the third quarter to $790 million.

During the period between July and September 2022, the pre-tax income of the electronic broker amounted to $523 million, growing 123% compared to the same period a year earlier. The reported diluted earnings for the quarter stood at $0.97, rising by 125% on a yearly basis.

The overall result was based on a solid increase in net interest income, which rose 73% to $473 million. It was driven by an increase in benchmark interest rates. On the other hand, commission income grew by only 3% to $320 million.

In November, Interactive Brokers decided to intensify its presence in the European market and opened a new office in Dublin. The first Irish office was established in 2020, and the Group now employs more than 110 people in the country.

Interactive Brokers Group (Nasdaq: IBKR), a popular American electronic trading platform with a global presence, published its performance metrics for December 2022. The Daily Average Revenue Trades (DARTs) came in at 1.751 million, which was 10% lower than the previous month and 21% lower than in December 2021.

Interactive Brokers Reports Lower DARTs in December

Other financial indicators reported by the Group recorded declines on a monthly and annual basis. The ending client equity amounted to $306.7 billion, falling 3% Month-over-Month (MoM) and 18% Year-over-Year (YoY). The client margin loan balances reached $38.9 billion, slipping 1% MoM and 29% YoY.

However, Interactive Brokers reported positive changes in the number of client accounts, which increased 25% YoY to 2.09 million. On a monthly basis, the number of accounts increased by a modest 1%.

Annualized average DARTs per client account reached 189, while the commission per cleared commissionable order was $3.17, including exchange , clearing and regulatory fees.

Stronger Q3 by Interactive Brokers

Although the daily average revenue trades reported by Interactive Brokers have been declining over the past few months, the broker boasts solid financial results. The broker's revenues rose 70% in the third quarter to $790 million.

During the period between July and September 2022, the pre-tax income of the electronic broker amounted to $523 million, growing 123% compared to the same period a year earlier. The reported diluted earnings for the quarter stood at $0.97, rising by 125% on a yearly basis.

The overall result was based on a solid increase in net interest income, which rose 73% to $473 million. It was driven by an increase in benchmark interest rates. On the other hand, commission income grew by only 3% to $320 million.

In November, Interactive Brokers decided to intensify its presence in the European market and opened a new office in Dublin. The first Irish office was established in 2020, and the Group now employs more than 110 people in the country.

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