Interactive Brokers Group reports $754 million net revenue in Q2 2021

Interactive Brokers has released its second quarter trading update reporting strong financial results.

The company’s net revenue reached of $754 million, almost 40% rise compared to $539 million during the same period in 2020.

Income before income taxes was $541million, in comparison Interactive Brokers reported income before income taxes of $222million for the same period in 2020. Adjusted net revenues also registered substantial increase.

The commission revenue rose 11% to $31 million in Q2 202. The company also reported a 40% spike in net interest income, while administrative expenses saw a significant fall.

Interactive Brokers

Diluted earnings per share were $1.00 for the quarter ended 30 June 2021. During the second quarter of last year, they were $0.40.

Earlier this week, Interactive Brokers revealed a new simple stock pricing for European investors.

The company also saw customer accounts jump 61% from the same quarter last year to 1.41million. Customer equity rose 79% from last year’s second quarter to $363.5 billion

In December 2020, the broker expanded the its presence in Europe by opening a new business entity in Ireland.

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