IBG, Inc.(US:IBKR) 智通财经网·2026-01-20 23:49Core Insights - Interactive Brokers (IBKR.US) reported better-than-expected earnings for Q4 2025, driven by strong customer trading volume and interest income, showcasing operational resilience in a volatile market environment [1][2] Financial Performance - Total net revenue reached $1.64 billion, in line with market consensus, and up from $1.61 billion in the previous quarter and $1.39 billion year-over-year [1] - Adjusted earnings per share (EPS) were $0.65, exceeding the market expectation of $0.59, and significantly higher than $0.57 in Q3 and $0.35 in the same quarter last year [1] Operational Metrics - Daily Average Revenue Trades (DARTs) increased by 30% year-over-year to 4.04 million, also higher than 3.62 million in Q3 [2] - Commission income rose by 22% to $582 million, driven by increased customer trading volume, with options, futures, and stock trading volumes growing by 27%, 22%, and 16% respectively [2] - Net interest income remained stable at $966 million, nearly unchanged from Q3 ($967 million) and significantly up from $807 million year-over-year [2] Customer Growth - Total customer accounts grew to 4.4 million, up from 4.13 million in the previous quarter and 3.34 million year-over-year [2] Cost Management - Execution, clearing, and distribution expenses for Q4 were $91 million, a 21% decrease year-over-year and slightly lower than the previous quarter [3] Strategic Initiatives - The company is expanding its cryptocurrency and prediction market product offerings, recently allowing customers to fund their brokerage accounts using USDC stablecoin, enhancing transaction speed and flexibility [3] - As of the beginning of December, customer accounts reached 4.399 million, a 32% year-over-year increase, with daily average revenue trades at 3.384 million, up 4% year-over-year but down 21% from November [3]