Interactive Brokers reported robust Q2 2024 results with net income rising 35% to $809 million and diluted EPS of $1.65, up from $1.20 year-over-year. Total net revenues increased 23% to $1.23 billion, driven by higher commission revenue of $406 million and net interest income of $792 million. Customer trading volumes showed strong growth with options and stocks volume up 35% and 26% respectively.The company's customer metrics demonstrated solid growth, with total accounts increasing 28% to 2.92 million and customer equity rising 36% to $497.2 billion compared to Q2 2023. Daily average revenue trades (DARTs) grew 28% to 2.39 million, while commission per cleared commissionable order averaged $3.01, slightly down from $3.11 in the prior year quarter.Operating efficiency remained strong with a 72% pretax profit margin, up from 65% in Q2 2023. The company maintained its focus on automation and technology, with employee headcount increasing only 2% to 2,951 despite significant business growth. Interactive Brokers continued to expand globally, with approximately 82% of customers residing outside the U.S. and over 80% of new customers coming from international markets.

Interactive Brokers reported robust Q2 2024 results with net income rising 35% to $809 million and diluted EPS of $1.65, up from $1.20 year-over-year. Total net revenues increased 23% to $1.23 billion, driven by higher commission revenue of $406 million and net interest income of $792 million. Customer trading volumes showed strong growth with options and stocks volume up 35% and 26% respectively.The company's customer metrics demonstrated solid growth, with total accounts increasing 28% to 2.92 million and customer equity rising 36% to $497.2 billion compared to Q2 2023. Daily average revenue trades (DARTs) grew 28% to 2.39 million, while commission per cleared commissionable order averaged $3.01, slightly down from $3.11 in the prior year quarter.Operating efficiency remained strong with a 72% pretax profit margin, up from 65% in Q2 2023. The company maintained its focus on automation and technology, with employee headcount increasing only 2% to 2,951 despite significant business growth. Interactive Brokers continued to expand globally, with approximately 82% of customers residing outside the U.S. and over 80% of new customers coming from international markets.