Interactive Brokers sees 28% revenue drop in Q1 2022

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Interactive Brokers" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/04/Interactive-Brokers.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>The net interest income also fell 8% to $282 million, due to a drop in securities lending activity but was offset by gains on margin lending and segregated cash balances. However, the other income decreased by $159 million to a loss of $39 million.</p>
<p>Pre-tax profit margin came in at 61%, compared to Q1 2021 when it was 72%. The adjusted profit margin was 64% in the first quarter and 68% a year ago.</p>
<p><a target="_blank" href="https://www.leaprate.com/forex/platforms/interactive-brokers-launches-ibkr-globaltrader-stock-trading-app/" rel="noopener">Interactive Brokers</a> saw diluted earnings of $0.74 per share in Q1, compared to last year’s $1.16. The adjusted figure stood at $0.82 per share, down from $0.98 in the same period last year. The company declared a quarterly cash dividend of $0.10 per share.</p>
<p>However, the broker reported 36% increase in number of customer accounts to 1.81 million during the first quarter. Customer equity was also up by 8% to $355.9 billion. DARTs dropped 24% to 2.52 million.</p>
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