Interactive Brokers (IBKR.US) reported its financial results for the first quarter of 2026. The brokerage firm posted net revenue of $1.67 billion, a 17% increase compared to the same period last year, slightly below market expectations of $1.68 billion. Net income was $267 million, up from $213 million a year earlier. Adjusted earnings per share came in at $0.60, matching market forecasts.

Net interest income grew by 17% to $904 million, primarily driven by higher average customer margin loans and increased client credit balances. Commission revenue rose by 19% to $613 million, supported by an increase in trading volumes. Customer trading volumes in stocks, futures, and options increased by 25%, 20%, and 16%, respectively.

Other fees and services revenue increased by 10% to $86 million. This growth included a $2 million rise in payment for order flow from exchange-mandated programs, a $2 million increase in FDIC sweep fees, and a $2 million rise in market data fees. These increases were partially offset by a $3 million decrease in exposure fees.

Execution, clearing, and distribution expenses fell by 12% to $106 million, benefiting from lower regulatory fees—specifically the reduction of the SEC Section 31 transaction fee rate to zero effective May 14, 2025—as well as higher liquidity rebates from certain exchanges due to increased equity and options trading volumes.

The company reported a 38% increase in customer assets, which reached $789.4 billion. The number of customer accounts grew by 31% to 4.75 million.

Additionally, Interactive Brokers' board declared an increase in the quarterly cash dividend from $0.08 per share to $0.0875 per share. The dividend will be payable on June 12, 2026, to shareholders of record as of June 1, 2026.