Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) just released its key operating metrics for March 2024.
The broker recorded 2.412 million Daily Average Revenue Transactions (DART), up 17% from March 2023 and down 1% from February 2024.
End customer equity was $465.9 billion, 36% higher year-over-year and 4% higher than last month, while customer end-margin loan balances were $51.2 billion, 30% higher year-over-year and 8% higher than last month.
Interactive Brokers recorded 2.75 million client accounts, 25% higher than last year and 2% higher than last month.
The average commission per cleared order to assign was $2.89, including exchange, clearing and regulatory fees.
Interactive Brokers recently reported its financial metrics for the fourth quarter of 2023.
Reported net income was $1,139 million for the fourth quarter of 2023 and $1,149 million as adjusted. Reported income before income taxes was $816 million for the final quarter of 2023 and $831 million as adjusted.
Commission revenue rose 5% from the prior quarter to $348 million. Client trading volume was mixed across product types, with options and futures volumes down 21% and 4%, respectively, while equity volume was down 22%.
Net interest income increased 29% from the fourth quarter of 2022 to $730 million on higher benchmark rates, customer margin loans and customer credit balances.