The Profit Engine That Keeps On Running Interactive Brokers' latest quarterly report has investors abuzz, but scratch beneath the surface and you'll find a story of steady growth and remarkable efficiency.
The company's pretax profit margin stands at 77%, an impressive feat that has been building over time. The key to IBKR's success lies in its ability to scale without sacrificing profitability.
Customer accounts have grown significantly – up 34% year over year, with 5. 19 million users now on board – and so too have their balances.