IBG, Inc.(US:IBKR)2025-04-15 20:02Financial Performance - GAAP diluted EPS for Q1 2025 was $1.94, up from $1.61 in the year-ago quarter, representing a 20% increase[2] - Reported net revenues for Q1 2025 were $1,427 million, a 18.7% increase from $1,203 million in the same quarter last year[2] - Adjusted net revenues for Q1 2025 were $1,396 million, up from $1,216 million in Q1 2024, reflecting a significant increase[29] - Adjusted diluted EPS rose to $1.88 in Q1 2025, compared to $1.64 in Q1 2024[31] - Adjusted income before income taxes for Q1 2025 was $1,024 million, compared to $879 million in Q1 2024[29] Customer Growth - Customer accounts grew by 32% to 3.62 million, while customer equity rose 23% to $573.5 billion[13] - Total customer accounts increased by 32% year-over-year, reaching 3,616,000 in Q1 2025[22] - Customer equity grew by 23% year-over-year, amounting to $573.5 billion in Q1 2025[22] Trading Activity - Commission revenue increased 36% to $514 million, driven by a 47% increase in customer trading volume in stocks[7] - Total daily average revenue trades (DARTs) increased 50% to 3.52 million compared to the previous year[13] - Total customer Daily Average Revenue Trades (DARTs) surged by 50% year-over-year, totaling 3,519,000 in Q1 2025[22] - The company reported a 4% increase in average DARTs per account, annualized, reaching 220 in Q1 2025[22] - The number of options contracts increased by 15% year-over-year, reaching 39,564 in 2023[20] Financial Position - Total equity reached $17.5 billion, reflecting a strong financial position[7] - Net interest income increased 3% to $770 million, supported by higher average customer margin loans[7] - Customer margin loans increased to $64.4 billion in Q1 2025, up from $46.7 billion in Q1 2024[28] - Net interest margin (NIM) decreased to 2.10% in Q1 2025 from 2.41% in Q1 2024[28] Corporate Actions - The company raised its quarterly dividend from $0.25 to $0.32 per share, payable on June 13, 2025[4] - A four-for-one forward stock split was announced, effective June 18, 2025, to enhance stock ownership accessibility[5] Currency Strategy - The currency diversification strategy contributed an additional $127 million to comprehensive earnings this quarter[8]