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Interactive Brokers Reports Strong Growth in Q2
Interactive Brokers Group (NASDAQ: IBKR) reported a 20% increase in net revenue to $1.5 billion for the second quarter of 2023, with net income rising 24%. The company’s pretax profit margin reached 75%, up from 72% year-over-year.
Key metrics included a 27% rise in commission revenue due to higher trading volumes, a 32% increase in client accounts to 3.87 million, a 34% growth in client equity to approximately $665 billion, and a 49% surge in daily average revenue trades (DARTs) to 3.55 million. In September, DARTs further increased to 3.86 million, while ending client equity rose to $757.5 billion, marking a 40% year-over-year increase.
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