Interactive Brokers ( NASDAQ: IBKR ) stock is falling 1.3% in Tuesday after-hours trading after its Q2 earnings and revenue didn't rise as much as Wall Street analysts expected as trading slipped in Q1 amid slumping markets.
Q2 total daily average revenue trades of 2.17M fell from 2.52M in Q1.
The automated electronic broker posted Q2 adjusted EPS of $0.84, falling short of the $0.90 consensus estimate, increased from $0.82 in Q1 2022 and $0.82 in Q2 2021.
Q2 adjusted net revenue of $717M, trailing $745.5M consensus, increased from $692M in the prior quarter and from $650M in the year-ago quarter.
Commission revenue rose 5% Y/Y to $322M as higher customer options and futures trading volume were tempered by lower stock volume; however, the figure dropped from $349M in Q1.
Net interest income of $348M rose/fell from $282M in Q1 and from $274M in Q2 2021.
Total noninterest expenses of $264M increased from $251M in the prior quarter and $213M in the year-ago quarter.
Customer accounts of 1.92M climbed from 1.81M in Q1.
Conference call at 4:30 PM ET.
Earlier, Interactive Brokers Group ( IBKR ) non-GAAP EPS of $0.84 misses by $0.06, revenue of $656M misses by $89.46M
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Interactive Brokers Q2 earnings miss after daily average revenue trades slip