Company Performance - Interactive Brokers has shown strong performance over various time periods, with returns of 55.00% over the past 3 years, 39.64% over the past 5 years, 20.52% over the past 10 years, and 19.95% over the past 15 years [1] - The company has experienced significant revenue growth, with a year-over-year increase of more than 20% and earnings per share rising by 24% in the second quarter [4] Market Position - Interactive Brokers operates primarily electronically, which helps maintain low costs and high profit margins, unlike many brokerages with physical locations [4] - Approximately 84% of its customers are located outside the U.S., indicating strong potential for international growth and opportunities within the U.S. market [3] Future Outlook - The company added 250,000 net new accounts in the recent quarter, bringing the year-to-date total to over 528,000, surpassing the total added in all of 2023 [4] - Despite its strong performance, the stock appears overvalued with a forward-looking P/E ratio of 28, significantly above the five-year average of 20, and a price-to-sales ratio of 2.87, compared to the five-year average of 1.88 [2]