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Interactive Brokers Group, Inc. (OQ:IBKR)

Business Focus: Brokerage Services

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 1 Pickwick Plz
GREENWICH CT 06830
Tel: N/A
Website: https://www.interactivebrokers.com/en/home.php
IR: See website
Key People
Thomas Peterffy
Chairman of the Board
Milan Galik
President, Chief Executive Officer, Director
Earl H. Nemser
Vice Chairman of the Board
Paul J. Brody
Chief Financial Officer, Treasurer, Secretary, Director
Thomas A. J. Frank
Executive Vice President, Chief Information Officer
 
Business Overview
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custody and service accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, and precious metals on more than 150 electronic exchanges and market centers. In addition, its customers can use it trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account. IBKRPro offers the lowest cost access to stocks, options, futures, forex, bonds, mutual funds, precious metals, and cryptocurrencies from a single unified platform with no added spreads.
Financial Overview
For the three months ended 31 March 2024, Interactive Brokers Group, Inc. revenues increased 25% to $2.22B. Net income increased 18% to $175M. Revenues reflect Commissions segment increase of 6% to $379M, United States segment increase of 13% to $828M, Net Interest Margin - Total - % increase of 8% to 2.41%. Net income was partially offset by Employee compensation and benefits increase of 13% to $145M (expense).