Interactive Brokers (NASDAQ:IBKR) shares rose nearly 6% intra-day today after the company reported second-quarter results that topped Wall Street expectations, fueled by a surge in trading activity and steady growth in net interest income.
The company posted earnings per share of $0.51, beating analyst estimates of $0.46. Revenue climbed to $1.48 billion, up from $1.23 billion a year ago and ahead of consensus forecasts.
Commission revenue rose 27% to $516 million, driven by increased trading volumes in stocks, options, and futures. Net interest income also posted solid growth, rising 9% to $860 million, supported by higher customer credit balances and securities lending activity. The figure included a one-time $26 million tax credit.
Customer engagement hit new highs during the quarter. Accounts grew 32% year-over-year to 3.87 million, while daily average revenue trades (DARTs) jumped 49% to 3.55 million. Customer equity also expanded significantly, rising 34% to $664.6 billion.
The results highlight Interactive Brokers’ momentum in capturing new business and maintaining profitability amid rising trading volumes and a favorable interest rate environment.
