Interactive Brokers reported record operating income for last year with a 43% increase, which ended December 31, 2021.
Trading platform Interactive Brokers UK reported record profits and operating income for the year ending 31 December 2021. The company posted a profit before tax of £22 million, up from 2020 results of £15.3 million.
Not only saw a 43% increase in profit before tax, but the multi-asset broker also saw a sharp surge in operating income in various segments, one of which was total capital. Interactive Brokers saw a 2021 total capital increase of £153.6 million, a skyrocketing more than 13% compared to £134.9 million in 2020.
"As of 31 December 2021, the company was carrying broker for 29,375 clients, compared to 53,895 clients in 2020. The net decrease in the number of clients was mainly driven by the transfer of clients to the affiliated entities following the UK’s departure from the European Union. The number of carried client accounts decreased by 45.5%. Net commissions decreased to £36,273 thousand for the year ended 31 December 2021, compared to £42,348 thousand in 2020," Interactive Brokers UK noted in its recent report.
On the other hand, the number of corporate clients and net commissions actually declined.
About Interactive Brokers
Founded in 1993, Interactive Brokers or IBKR focuses on prioritizing clients by providing broad market access, low fees, and superior trade execution. Through IBKR, clients can trade stocks, options, futures, forex, bonds, and funds in 135 markets from one integrated account.