Market Performance - The stock market experienced a bullish day with the Dow increasing by 229 points (+0.52%), the S&P 500 rising by 33 points (+0.54%), the Nasdaq gaining 153 points (+0.74%), and the Russell 2000 leading with a rise of 27 points (+1.22%) [1] - Year-to-date performance shows the Dow up +4.56%, S&P 500 up +7.07%, Nasdaq up +8.15%, and Russell 2000 up +1.07% [1] Bond Market - Bond yields moderated after rising due to strong economic reports, with the 10-year yield at +4.46%, the 2-year at +3.91%, and the 30-year above +5.01% [2] Economic Indicators - Business Inventories for May remained flat at 0.0% for the second consecutive month, with only one negative month in the past year [3] - Homebuilder Confidence for July reached 33, slightly above the previous month's 32 [3] Company Earnings - Netflix reported Q2 earnings of $7.19 per share, exceeding estimates of $7.07, with revenues of $11.08 billion, close to the expected $11.09 billion [4] - Netflix raised its full-year revenue guidance to $44.8-45.2 billion and marked its sixth consecutive quarterly earnings beat, despite a slight decline in shares [5] - Interactive Brokers reported Q2 earnings of 51 cents per share, beating estimates by 5 cents, with revenues of $1.48 billion, surpassing the expected $1.36 billion [6] - Interactive Brokers' shares rose nearly +5% in after-hours trading following its earnings report [6] Upcoming Economic Data - Upcoming reports include Housing Starts and Building Permits for June, expected to show slight increases, and a preliminary Consumer Confidence reading for July, anticipated to rise to 61.8 from 60.7 [7] - The Q2 earnings season continues with reports expected from companies like 3M, Schlumberger, and American Express, with major companies like Alphabet, Intel, and Tesla reporting next week [8]

Core Insights - Interactive Brokers Group, Inc. (IBKR) reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, and showing an increase from $0.44 per share a year ago, resulting in an earnings surprise of +10.87% [1] - The company generated revenues of $1.48 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 8.76%, compared to $1.23 billion in the same quarter last year [2] - The stock has increased approximately 34.6% year-to-date, significantly outperforming the S&P 500's gain of 6.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $1.34 billion, and for the current fiscal year, it is $1.86 on revenues of $5.45 billion [7] - The estimate revisions trend for Interactive Brokers was favorable prior to the earnings release, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Financial - Investment Bank industry, to which Interactive Brokers belongs, is currently ranked in the top 15% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - The company reported record net revenues and pretax income for the quarter, with commissions rising to a record $516 million, a 27% increase compared to the previous year [16][11][17] - Net interest income reached a quarterly record of $860 million, despite lower benchmark rates, with a notable one-time credit of $26 million related to tax recovery [17][26] - Client credit balances increased by 34% to a record $144 billion, while client equity rose 34% to $664 billion, outperforming the S&P's growth of 11% [10][11] Business Line Data and Key Metrics Changes - The company experienced strong growth in trading volumes across stocks, options, and futures, with quarterly commissions, net interest, total net revenue, and pretax income all reaching record levels [11][17] - Overnight trading volumes grew over 170% year-over-year, indicating a significant increase in client engagement during non-standard trading hours [9][10] Market Data and Key Metrics Changes - The market saw a recovery, surpassing its February peak and closing up over 10% by quarter-end, which contributed to increased trading activity [6][10] - The SEC fee rate was reduced to zero halfway through the quarter, which impacted commission revenue but did not affect profitability [7][19] Company Strategy and Development Direction - The company is focused on automating its brokerage business and enhancing its platform capabilities, including the introduction of new tools like investment themes to streamline the investment process for clients [11][14] - The company is expanding its cryptocurrency offerings and plans to allow clients to fund accounts with stablecoins and facilitate asset transfers in the crypto space [38][84] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term trend towards global investing and the potential for continued growth in client accounts and trading volumes [15][32] - The company anticipates that the favorable market conditions will support brokerage firms and investment banks, positioning itself well for future growth [81] Other Important Information - The company completed a four-for-one stock split and increased its dividend from $1 to $1.28 on a split-adjusted basis [15][23] - The total assets of the company increased by 33% year-over-year, driven by higher segregated cash balances and margin lending [22] Q&A Session Summary Question: Clarification on account growth expectations - Management projected lower account growth than actual results, indicating a desire to overdeliver on expectations [35] Question: Impact of digital asset initiatives - The company is enhancing its cryptocurrency offerings and plans to allow clients to fund accounts with stablecoins and facilitate asset transfers [38] Question: Perspectives on tokenized equity products - Management contrasted their offering with competitors, emphasizing the advantages of direct ownership of stocks over derivative products [44][45] Question: Execution cost differences in overnight trading - Execution costs for stocks differ significantly between overnight and regular trading hours, with the company leveraging its ATS for competitive pricing [51][52] Question: Drivers of client credit balance growth - The increase in client credit balances was attributed to a combination of new cash deposits and clients feeling comfortable leaving cash with the company [70] Question: Market share in cryptocurrency - Management expressed disappointment in the market share gained in crypto despite lower costs, indicating a focus on improving offerings to attract more clients [84]

Financial Data and Key Metrics Changes - Commission revenue increased by 27% year-over-year, reaching a record $516 million [5][16] - Net interest income also set a record at $860 million, up 9% from the previous year [24][25] - Pre-tax income exceeded $1 billion for the third consecutive quarter, with a pre-tax profit margin of 75% [10][21] Business Line Data and Key Metrics Changes - Client trading volumes expanded significantly, with options and futures setting new quarterly volume records [16] - Overnight trading volumes grew over 170% year-over-year, indicating strong demand for after-hours trading [8][9] - Client credit balances rose by 34% to a record $144 billion, reflecting increased cash deposits [9][22] Market Data and Key Metrics Changes - Total customer DARTs (Daily Average Revenue Trades) increased by 49% year-over-year, reaching 3.6 million trades per day [23] - Stock share volumes rose by 31%, while options and futures contract volumes increased by 24% and 18% respectively [23] Company Strategy and Development Direction - The company is focusing on automating brokerage operations and enhancing its platform to handle increased trading volumes [10][11] - New product introductions include investment themes and forecast contracts, aimed at improving client engagement and investment decision-making [12][13] - The company is exploring opportunities in the digital asset space, including partnerships and new offerings for cryptocurrencies [37][39] Management's Comments on Operating Environment and Future Outlook - Management noted that the market experienced significant volatility, leading to increased trading activity and client engagement [4][5] - The company remains optimistic about long-term trends towards global investing and the demand for U.S. market access from international clients [14][15] - Management expressed confidence in the brokerage industry's favorable environment, anticipating continued growth in retail trading activity [80] Other Important Information - The company completed a four-for-one stock split and increased its dividend from $1 to $1.28 annually [14][23] - Total assets grew by 33% year-over-year, driven by higher segregated cash balances and margin lending [22] Q&A Session Summary Question: Clarification on account growth expectations - Management projected lower account growth than actual results, indicating a strong performance in net new accounts [35] Question: Impact of digital asset initiatives - The company is enhancing its digital asset offerings and exploring partnerships to better serve client needs in the crypto space [37][39] Question: Perspectives on tokenized equity products - Management contrasted their offerings with competitors, emphasizing the advantages of direct ownership of stocks over tokenized derivatives [44][45] Question: Execution cost differences in overnight trading - Execution costs for stocks differ significantly between overnight and regular trading hours, with the company leveraging its ATS for competitive pricing [50][51] Question: Drivers of client credit balance growth - The increase in client credit balances was attributed to strong new cash deposits and a risk-off environment leading to higher cash holdings [69][70] Question: Future of zero DTE options - Management acknowledged the popularity of zero DTE options and discussed the complexities of offering them for single stocks [73][74]

Financial Performance - Interactive Brokers reported a record revenue of $148 billion for the quarter [3] - Interactive Brokers' profits exceeded $1 billion for the quarter [3] - Interactive Brokers announced $051 per share based on newly four-for-one split shares [2] Customer Growth & Activity - Interactive Brokers experienced a 32% jump in customer accounts [1][3] - Customer equity increased by 34% [3] - Customer credit increased by 34% [3] - Daily average revenue trades increased by 49% [3] Market Outlook & Strategy - Interactive Brokers views the current environment as extremely favorable for financial firms [4] - Interactive Brokers does not foresee any dark clouds on the horizon and expects the rally to continue for the next 2 to 3 years [5][6] - The Trump policies are considered very favorable for equities due to less regulation and more incentives to save and invest [7] - Sophisticated individual retail investors have been net buyers on Interactive Brokers, while institutional investors were left behind and will have to catch up [8][9] Crypto & Prediction Markets - Regulations are expected to be favorable for crypto, leading to more crypto trading [10] - Interactive Brokers is very excited about prediction markets, particularly the New York City mayoral election [11][12][13]

Core Insights - Interactive Brokers Group, Inc. reported strong second-quarter results, with earnings per share of 51 cents, surpassing the analyst consensus estimate of 45 cents [1] - The company's quarterly revenue reached $1.48 billion, exceeding the Street estimate of $1.36 billion and showing an increase from $1.23 billion in the same period last year [1] Financial Performance - Commission revenue rose by 27% to $516 million, driven by higher customer trading volumes [4] - Customer trading volumes increased significantly, with stocks up 31%, options up 24%, and futures up 18% [4] - Net interest income grew by 9% to $860 million, attributed to higher average customer credit balances and increased securities lending activity [4] Customer Metrics - The number of customer accounts surged by 32% to 3.87 million [4] - Customer equity increased by 34% to $664.6 billion [4] - Total Daily Average Revenue Trades (DARTs) rose by 49% to 3.55 million [4] - Customer credits increased by 34% to $143.7 billion [4] - Customer margin loans grew by 18% to $65.1 billion [4] Stock Performance - Following the earnings release, Interactive Brokers' stock rose by 3.15% to $61.39 in extended trading [3]

Exhibit 99.1 INTERACTIVE BROKERS GROUP ANNOUNCES 2Q2025 RESULTS GAAP DILUTED EPS OF $0.51, ADJUSTED1 EPS OF $0.51 GAAP NET REVENUES OF $1,480 MILLION, ADJUSTED NET REVENUES OF $1,480 MILLION Reported and adjusted net revenues were both $1,480 million for the current quarter. For the year-ago quarter, reported net revenues were $1,230 million and $1,290 million as adjusted. Reported and adjusted income before income taxes were both $1,104 million for the current quarter. For the year-ago quarter, reported in ...

Earnings Report - Interactive Brokers Group, Inc. is set to release its second-quarter earnings results on July 17, with analysts expecting earnings of 45 cents per share, an increase from 44 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $1.37 billion, compared to $1.23 billion a year earlier [1] Trading Activity - In June, Interactive Brokers reported a daily average of 3.448 million revenue trades, which is a 40% increase compared to the previous year [2] - The company's shares experienced a slight decline of 0.3%, closing at $59.45 [2] Analyst Ratings - Piper Sandler analyst Patrick Moley maintained an Overweight rating and raised the price target from $45.5 to $65 [4] - Barclays analyst Benjamin Budish also maintained an Overweight rating with a price target of $65 [4] - Citigroup analyst Christopher Allen maintained a Buy rating and increased the price target from $53.75 to $60 [4] - Goldman Sachs analyst James Yaro maintained a Buy rating and raised the price target from $212 to $240 [4] - UBS analyst Brennan Hawken maintained a Buy rating but reduced the price target from $230 to $200 [4]

Group 1 - Elon Musk remains the richest person with a net worth of $408.7 billion, experiencing an increase of $1.61 billion or 1.52% [1] - Larry Ellison ranks second with a net worth of $286.8 billion, up by $7.3 billion or 2.6%, associated with Oracle [1] - Mark Zuckerberg's net worth decreased by $2.6 billion or 1.04%, bringing it to $242.6 billion, linked to Meta [1] Group 2 - Jeff Bezos has a net worth of $236.6 billion, down by $2.9 billion or 1.2%, related to Amazon [1] - Larry Page's wealth stands at $151.0 billion, increasing by $6.36 billion or 0.42%, connected to Google [1] - Jensen Huang's net worth is $149.2 billion, with a rise of $5.77 billion or 0.39%, associated with Nvidia [1] Group 3 - The Bernard Arnault family has a net worth of $146.1 billion, decreasing by $4.22 billion or 0.29%, linked to LVMH [1] - Sergey Brin's wealth is $144.2 billion, increasing by $5.96 billion or 0.41%, also related to Google [1] - Steve Ballmer's net worth is $142.5 billion, with a slight decrease of $0.45 billion or 0.03%, associated with Microsoft [1] Group 4 - Warren Buffett's net worth is $141.4 billion, increasing by $5.31 billion or 0.38%, linked to Berkshire Hathaway [1] - Michael Dell has a net worth of $125.4 billion, down by $6.92 billion or 0.55%, associated with Dell [1] - Bill Gates' wealth stands at $116.9 billion, with a slight increase of $1.54 billion or 0.13%, related to Microsoft [3]

Core Insights - The article presents a ranking of the world's wealthiest individuals, highlighting their net worth and changes over a specific period. Group 1: Wealth Rankings - Elon Musk remains the richest person with a net worth of $402.6 billion, experiencing a decrease of $34 billion or 0.85% [1] - Larry Ellison ranks second with a net worth of $279.5 billion, an increase of $1.59 billion or 2.14% [1] - Mark Zuckerberg is third with a net worth of $245.1 billion, down by $3.6 billion or 1.45% [1] - Jeff Bezos follows in fourth place with a net worth of $239.4 billion, increasing by $5.98 billion or 0.25% [1] - Larry Page is fifth with a net worth of $150.3 billion, up by $2.83 billion or 0.19% [1] Group 2: Notable Wealth Changes - Huang Renxun (Jensen Huang) has a net worth of $148.6 billion, increasing by $5.7 billion or 3.99% [1] - The Bernard Arnault family has a net worth of $147.4 billion, decreasing by $6.59 billion or 0.45% [1] - Steve Ballmer's net worth is $143.1 billion, with an increase of $6.24 billion or 0.44% [1] - Warren Buffett's net worth stands at $140.8 billion, down by $1.2 billion or 0.85% [1] Group 3: Additional Wealth Rankings - Bill Gates has a net worth of $116.8 billion, decreasing by $3.83 billion or 0.33% [3] - Mukesh Ambani's net worth is $112.4 billion, with a slight increase of $0.93 billion or 0.08% [3] - Zhang Yiming has a net worth of $65.5 billion, remaining unchanged [3] - Ma Huateng's net worth is $53.6 billion, increasing by $1.9 billion or 3.69% [3]