Q4 FY2024 results ended on December 31, 2024
- Revenue: $1.39B, +21.8% YoY
- Net income: $969M vs $739M in Q4 2023
- Diluted EPS: $1.99 vs $1.48 in Q4 2023
- Pretax profit margin: 75% vs 72% in Q4 2023
🌱Revenue & Growth
- Commission revenue: $477M, +37% YoY
- Net interest income: $807M, +11% YoY
- Other fees and services: $81M, +47% YoY
- Total customer DARTs: 3.12M, +61% YoY
💰Profits & Financials
- Pretax margin: 75% as reported, 76% adjusted
- Operating margin: 27.5% vs 24.1% YoY
- Net interest margin: 2.23% vs 2.41% YoY
- Total equity: $16.6B
- Customer equity: $568.2B, +33% YoY
📌Business Highlights
- Customer accounts increased 30% to 3.34M
- Customer margin loans up 45% to $64.2B
- Customer credits increased 15% to $119.7B
- Options trading volume up 32% YoY
- Stock trading volume up 65% YoY
🔮Future Outlook
- Declared quarterly cash dividend of $0.25 per share
- Positioned for continued growth in automated trading services
- Focusing on expanding global electronic broker services
- Continues investment in technology and automation
