Interactive Brokers Group reported strong Q2 2024 results, with net revenues increasing 23% year-over-year to $1.23 billion and diluted EPS rising 38% to $1.65. The growth was driven by higher net interest income, commissions, and other fees. Net interest income grew 14% to $792 million due to higher benchmark rates and customer balances, while commission revenue jumped 26% to $406 million on increased trading volumes.The company's customer base expanded 28% year-over-year to 2.92 million accounts, with customer equity rising 36% to $497.2 billion. Daily average revenue trades (DARTs) increased 28% to 2.39 million. Pretax profit margin improved to 72% from 65% in Q2 2023, reflecting operational efficiency gains.Interactive Brokers maintained a strong liquidity position, with 99% of its $136.6 billion in total assets considered liquid as of June 30. The company's consolidated equity increased 20% year-over-year to $15.2 billion. Management expressed confidence in the firm's ability to meet future liquidity needs and continue investing in technology infrastructure to enhance its competitive position.

Interactive Brokers Group reported strong Q2 2024 results, with net revenues increasing 23% year-over-year to $1.23 billion and diluted EPS rising 38% to $1.65. The growth was driven by higher net interest income, commissions, and other fees. Net interest income grew 14% to $792 million due to higher benchmark rates and customer balances, while commission revenue jumped 26% to $406 million on increased trading volumes.The company's customer base expanded 28% year-over-year to 2.92 million accounts, with customer equity rising 36% to $497.2 billion. Daily average revenue trades (DARTs) increased 28% to 2.39 million. Pretax profit margin improved to 72% from 65% in Q2 2023, reflecting operational efficiency gains.Interactive Brokers maintained a strong liquidity position, with 99% of its $136.6 billion in total assets considered liquid as of June 30. The company's consolidated equity increased 20% year-over-year to $15.2 billion. Management expressed confidence in the firm's ability to meet future liquidity needs and continue investing in technology infrastructure to enhance its competitive position.