Interactive Brokers Group’s Q2 Net Revenues Reach $754 Million

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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.

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“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…

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