Interactive Brokers Reports Slip in Revenues and Profits in Q3 2021 - BrokersView

Interactive Brokers Reports Slip in Revenues and Profits in Q3 2021

Oct 20, 2021


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Interactive Brokers, an automated global electronic broker, recently released its financials for the third quarter of 2021, ending on September 30, 2021, revealing a slump in revenues and profits compared to a year earlier.

More specifically, net revenues for Q3 2021 came in at $464 million, down from $548 million a year ago. Diluted earnings per share stood at $0.43 compared to $0.58 in Q3 2020. Adjusted diluted earnings per share reached $0.78 compared to $0.53 for the same period in 2020.

In terms of commission revenue, Interactive Brokers reported that the number is 11% higher from the year-ago quarter on the back of higher customer stock and options trading volumes.

In addition, income before income taxes hit $234 million, compared to $334 million for the equivalent period in 2020. Net interest income increased $79 million, or 41% on a YoY basis. Moreover, other income decreased $199 million from the year-ago quarter.