Interactive Brokers Group, Inc. Files 10-Q for Q1 2024

TL;DR

<b>Interactive Brokers Group, Inc. filed its Q1 2024 10-Q, detailing financial positions and equity changes.</b>

AI Summary

Interactive Brokers Group, Inc. (IBKR) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. Interactive Brokers Group, Inc. filed its 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024, with data points for common stock and other equity members. Financial statement details include treasury stock, retained earnings, and additional paid-in capital as of March 31, 2024. The report references stock incentive plan shares and awards granted to directors. Key balance sheet items such as US Government Agencies Debt Securities and Securities Purchased Under Agreement To Resell are detailed for March 31, 2024.

Why It Matters

For investors and stakeholders tracking Interactive Brokers Group, Inc., this filing contains several important signals. This 10-Q provides a snapshot of Interactive Brokers' financial health and equity structure at the end of the first quarter of 2024, crucial for investors assessing performance and stability. The detailed breakdown of equity components and specific asset types offers insights into the company's capital management and investment strategies.

Risk Assessment

Risk Level: — Interactive Brokers Group, Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures.

Analyst Insight

Review the detailed equity and asset figures in the 10-Q to understand Interactive Brokers' financial position and potential investment implications.

Key Numbers

• 2024-03-31 — Period End Date (10-Q filing)
• 2024-01-01 — Period Start Date (10-Q filing)
• 2023-03-31 — Prior Period End Date (Comparative data reference)

Key Players & Entities

• Interactive Brokers Group, Inc. (company) — Filer name
• IBKR (company) — Ticker symbol
• 2024-03-31 (date) — Period of report
• 2024-05-06 (date) — Filing date

FAQ

Industry Context

Interactive Brokers Group operates as an electronic trading platform, facilitating the trading of stocks, options, futures, forex, bonds, and funds globally.

Regulatory Implications

As a publicly traded company, Interactive Brokers Group is subject to SEC regulations, including the requirement to file quarterly reports (10-Q) detailing its financial performance and condition.

What Investors Should Do

1. Analyze the equity section for changes in common stock, treasury stock, and retained earnings.
2. Examine the details of US Government Agencies Debt Securities and Securities Purchased Under Agreement To Resell.
3. Review any disclosures related to stock incentive plans and director awards.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q
• 2024-05-06: Filing Date — Date the 10-Q was officially filed with the SEC

Year-Over-Year Comparison

This filing is the Q1 2024 10-Q, following the 2023 annual report and previous quarterly filings.

Key Financial Figures

• $0.01 — ssuer's Class A common stock, par value $0.01 per share, outstanding and 100 shares o

Filing Documents

• ibkr-20240331x10q.htm (10-Q) — 6269KB
• ibkr-20240331xex31_1.htm (EX-31.1) — 16KB
• ibkr-20240331xex31_2.htm (EX-31.2) — 15KB
• ibkr-20240331xex32_1.htm (EX-32.1) — 9KB
• ibkr-20240331xex32_2.htm (EX-32.2) — 9KB
• 0001381197-24-000097.txt (&nbsp;) — 22949KB
• ibkr-20240331.xsd (EX-101.SCH) — 86KB
• ibkr-20240331_cal.xml (EX-101.CAL) — 105KB
• ibkr-20240331_def.xml (EX-101.DEF) — 234KB
• ibkr-20240331_lab.xml (EX-101.LAB) — 597KB
• ibkr-20240331_pre.xml (EX-101.PRE) — 427KB
• ibkr-20240331x10q_htm.xml (XML) — 6481KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Statements of Financial Condition 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Changes in Equity 5 Notes to Condensed Consolidated Financial Statements 7 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 39 ITEM 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 56 ITEM 4.

Controls and Procedures

Controls and Procedures 61 PART II . OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 62 ITEM 1A.

Risk Factors

Risk Factors 62 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 62 ITEM 3. Defaults upon Senior Securities 62 ITEM 5. Other Information 62 ITEM 6. Exhibits 63 Signature i Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS (Unaudited)

ITEM 1. FINANCIAL STATEMENTS (Unaudited) Interactive Brokers Group, Inc. and Subsidiaries Condensed Consolidated Statements of Financial Condition (Unaudited) March 31, December 31, (in millions, except share amounts) 2024 2023 Assets Cash and cash equivalents $ 4,063 $ 3,753 Cash - segregated for regulatory purposes 29,961 28,840 Securities - segregated for regulatory purposes 29,292 35,386 Securities borrowed 6,362 5,835 Securities purchased under agreements to resell 6,674 5,504 Financial instruments owned, at fair value Financial instruments owned 1,050 1,422 Financial instruments owned and pledged as collateral 62 66 Total financial instruments owned, at fair value 1,112 1,488 Receivables Customers, less allowance for credit losses of $ 14 and $ 10 as of March 31, 2024 and December 31, 2023 51,395 44,472 Brokers, dealers, and clearing organizations 1,684 1,643 Interest 437 375 Total receivables 53,516 46,490 Other assets 1,258 1,127 Total assets $ 132,238 $ 128,423 Liabilities and equity Short-term borrowings $ 14 $ 17 Securities loaned 14,216 11,347 Financial instruments sold, but not yet purchased, at fair value 236 193 Payables Customers 101,197 101,012 Brokers, dealers, and clearing organizations 561 590 Affiliate 206 210 Accounts payable, accrued expenses and other liabilities 830 676 Interest 319 311 Total payables 103,113 102,799 Total liabilities 117,579 114,356 Commitments, contingencies and guarantees (see Note 13) Equity Stockholders' equity Common stock, $ 0.01 par value per share Class A – Authorized - 1,000,000,000 , Issued - 107,228,928 and 107,178,928 shares, Outstanding – 107,094,094 and 107,045,894 shares as of March 31, 2024 and December 31, 2023 1 1 Class B – Authorized, Issued and Outstanding – 100 shares as of March 31, 2024 and December 31, 202

View Full Filing

View this 10-Q filing on SEC EDGAR