The FinancialUS-based online brokerage Interactive Brokers has published its 3Q 2020 financial results, indicating some good short term results that indicate momentum in trading following the summer lull and Covid-19 impacts.
The broker reported net revenues were $548 million and income before income taxes was $334 million this quarter, compared to net revenues of $466 million and income before income taxes of $281 million for the same period in 2019, according to the financial statements. Adjusted net revenues were $518 million and adjusted income before income taxes was $304 million this quarter, compared to adjusted net revenues of $525 million and adjusted income before income taxes of $340 million for the same period in 2019. The year-over-year difference in adjusted net revenues represents a small drop of just -1.3%. Profit wise the brokerage saw a 10% decrease in metrics year over year.
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