- Interactive Brokers Group reports strong Q1 2024 results, with revenue growth and an increase in earnings per share.
- The company announces a significant dividend increase, reflecting its confidence in its financial performance.
Interactive Brokers Group Inc. see a major hike in 2024 with a solid first quarter, reporting a healthy increase in revenue. Earnings per share saw a boost, coming in at $1.61 (or $1.64 adjusted) compared to $1.42/$1.35 in the same period last year.
The bright numbers were fueled by a combination of factors. Option trading volume surged 24%, and rising interest rates lifted net interest income by a significant 17%. This more than offset declines seen in futures and stock share trading volumes.
The strong results prompted Interactive Brokers to increase its quarterly dividend from $0.10 to $0.25 per share, a sure sign of the company’s confidence in its financial standing.
