Early Access

10-KPeriod: FY2021

Interactive Brokers Group, Inc. Annual Report, Year Ended Dec 31, 2021

Filed February 25, 2022For Securities:IBKR

Summary

Interactive Brokers Group, Inc. (IBKR) reported strong performance for the fiscal year ending December 31, 2021. The company saw a significant increase in net revenues, driven primarily by higher commission revenues stemming from increased customer trading volumes in stocks and options. Net interest income also showed substantial growth due to robust securities lending activity and higher margin loan balances, despite a decrease in benchmark interest rates. IBKR's technology-driven platform, offering low costs and efficient trade execution across a wide range of global markets and asset classes, continues to attract a diverse customer base, with a significant portion of new accounts coming from outside the U.S. The company's robust operational controls, proprietary technology, and focus on automation contribute to its competitive advantage and cost efficiency. While facing a competitive landscape and evolving regulatory environment, IBKR demonstrated strong profitability and managed its risks effectively. The company also highlighted its ongoing commitment to expanding its ESG offerings and maintaining strong regulatory capital positions.

Financial Statements
Beta
Revenue$1.57B
Interest Expense$224.00M
Net Income$308.00M
EPS (Basic)$0.82
EPS (Diluted)$0.81
Shares Outstanding (Basic)376.67M
Shares Outstanding (Diluted)380.04M

Key Highlights

  • 1Total net revenues increased by 22% to $2.714 billion, driven by higher commission revenue and net interest income.
  • 2Commissions grew by 21% to $1.350 billion, reflecting increased customer trading volumes in stocks and options.
  • 3Net interest income rose by 32% to $1.148 billion, supported by strong securities lending activity and higher margin loan balances.
  • 4Diluted earnings per share (EPS) increased to $3.24, up from $2.42 in the prior year.
  • 5The company ended the year with strong regulatory capital, with aggregate excess regulatory capital for all operating subsidiaries totaling $7.0 billion.
  • 6Customer accounts increased by 56% to 1.676 million, and customer equity grew by 30% to $373.8 billion.
  • 7IBKR continues to invest in technology and expand its product offerings, including ESG tools and cryptocurrency trading capabilities.

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