Interactive Brokers helped by higher rates, hurt by trading slowdown

|About: Interactive Brokers Grou... (IBKR)|By:, SA News Editor

Q3 revenue of $345M and income before taxes of $183M vs. $359M and $202M in Q3 a year ago.

Boosting results this quarter was a 28% rise in net interest income; hurting was an unusually inactive trading environment vs. last year's unusually active environment.

Electronic Brokerage income before taxes of $162M down 12% Y/Y, with revenues of $288M down 4%. Commission and execution fees down 15%. Customer accounts up 15% to 370K, customer equity up 33% to $82.7B. Total DARTs down 11% to 609K.

Market Making income before taxes of $7M down 85% Y/Y, with pretax profit margin of 16% down from 51%.

Conference call at 4:30 ET

Previously: Interactive Brokers Group misses by $0.04, misses on revenue (Oct. 18)

IBKR +0.75% in very thin after hours action.