GREENWICH - Interactive Brokers Group (NASDAQ:IBKR) disclosed its fourth-quarter earnings today, revealing earnings per share (EPS) of $1.52, slightly below the analyst expectations, which ranged between $1.54 and $1.55. Despite this shortfall, the company reported a surge in revenue to $1.15 billion, up from $976 million the previous year.
The revenue increase was primarily driven by a notable growth in commission revenue, which reached $348 million. This rise was largely due to an uptick in options and futures contract trading. On the other hand, the firm observed a 22% drop in stock volume trading, contrasting with the overall revenue growth.
Another significant highlight from today's report was the expansion of Interactive Brokers' customer base. The number of customer accounts swelled by 23%, bringing the total to 2.56 million.
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