Interactive Brokers Reports Slip in Revenues and Profits in Q3 2021

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.