Interactive Brokers registers an 11% Y/Y increase in DARTs in January 2024

According to reports, Interactive Brokers has unveiled its crucial operational figures for January 2024.

Interactive Brokers recently disclosed its financial performance for the fourth quarter of 2023.

For the fourth quarter of 2023, reported net revenues totaled $1,139 million, with adjusted net revenues at $1,149 million. Reported income before income taxes amounted to $816 million, while adjusted income before income taxes was $831 million.

In January 2024, Interactive Brokers recorded 2.201 million Daily Average Revenue Trades (DARTs), marking an impressive 11% surge compared to January 2023 and a notable 12% rise from December 2023.

Commission revenue witnessed a 5% increase from the same quarter of the previous year, reaching $348 million. Trading volumes varied across product types, with options and futures contract volumes experiencing notable increases of 21% and 4%, respectively, whereas stock share volume saw a decline of 22%.

The company's client equity at the end of January stood at $424.0 billion, showcasing a robust 26% increase from the previous year, maintaining stability compared to the prior month. Concurrently, client margin loan balances reached $44.3 billion, reflecting a solid 12% growth from the prior year and remaining steady compared to the previous month.

Interactive Brokers also saw a substantial uptick in client accounts, with a total of 2.63 million accounts, marking a notable 23% surge from the previous year and a modest 2% increase from the prior month.

The average commission per cleared Commissionable Order, which includes exchange, clearing, and regulatory fees, stood at $3.03.

Net interest income surged by 29% from the fourth quarter of 2022 to $730 million, attributed to higher benchmark interest rates, increased customer margin loans, and elevated customer credit balances.