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Interactive Brokers Group (IBKR) Q4 FY2021 earnings: revenue $603 million, up 0.7% on the year

Interactive Brokers Group, Inc. (IBKR) reported revenue of $603 million for Q4 FY2021, the quarter ended 31 December 2021, up 0.7% on the same quarter a year earlier. Net income was $67 million, down 5.6% on the year, and diluted earnings per share $0.16. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue
$603 million
+0.7% on the year · +30.0% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
n/a
Q1 FY2020Q4 FY2021
Net income
$67 million
-5.6% on the year · +59.5% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$0.16
-22.6% on the year · +51.2% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue603464599+30.0%+0.7%
Interest expense55.0n/an/a
Pre-tax income373n/an/a
Income tax35.0n/an/a
Effective tax rate9.4%n/an/a
Net income67.042.071.0+59.5%-5.6%
Net margin11.1%n/an/a
Diluted EPS$0.16$0.11$0.21+51.2%-22.6%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow-375n/an/a
Capital expenditure26.0n/an/a
Free cash flow-401n/an/a
Free cash flow margin-66.5%n/an/a
Cash from investing-129n/an/a
Cash from financing-174n/an/a
Depreciation and amortisation13.012.011.0+8.3%+18.2%
Share-based compensation29.0n/an/a
Dividends paid10.0n/an/a
Diluted shares, weighted380m388m323m-2.0%+17.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity2,3952,3311,951+2.7%+22.8%
Non-controlling interest7,827n/an/a
Debt0.00.096.0
Other liabilities98,891n/an/a
Total liabilities and equity109,113n/an/a
Fixed assets85.0n/an/a
Intangible assets46.0n/an/a
Securities borrowed3,912n/an/a
Cash and equivalents2,3952,8384,292-15.6%-44.2%
Other assets102,675n/an/a
Total assets109,113n/an/a

Questions

What was Interactive Brokers Group's revenue in Q4 FY2021?

Interactive Brokers Group (IBKR) reported revenue of $603 million for Q4 FY2021, the quarter ended 31 December 2021, up 0.7% on the same quarter a year earlier.

How much did Interactive Brokers Group earn in Q4 FY2021?

Net income for Q4 FY2021 was $67 million, down 5.6% on the year, and diluted earnings per share $0.16.

When did Interactive Brokers Group report Q4 FY2021 results?

Interactive Brokers Group filed its 10-K for the year that ended with the quarter on 25 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue6036456567909761,0561,0001,1451,1391,2031,2301,3651,3871,4271,4801,6551,6431,6691,8961,914
SG&An/an/an/an/an/an/an/an/an/a50.052.015359.062.061.062.062.068.068.078.0
Interest expense55.050.01123105467108519109651,013n/an/an/an/an/an/an/an/an/an/a
Pre-tax income3733943925236897616528408168668809091,0401,0551,1041,3121,3001,2881,4561,496
Tax rate9%7%8%8%8%8%8%8%9%8%8%8%7%9%9%10%8%9%8%10%
Net income67.073.072.099.0136148125167160175179184217213224263284267312314
Net margin11%11%11%13%14%14%12%15%14%15%15%13%16%15%15%16%17%16%16%16%
Diluted EPS$0.16$0.18$0.18$0.24$0.33$0.35$0.30$0.39$0.37$0.40$0.41$0.42$0.50$0.48$0.51$0.59$0.63$0.59$0.69$0.69
Operating cash flow-3752,125-5412,414-30.0-9232,1199792,3691,6831,6213,5821,8382,5847,1394,4791,6093,6116,216858
Capital expenditure26.019.013.018.019.017.015.08.09.012.011.011.015.016.014.015.022.026.018.044.0
Free cash flow-4012,106-5542,396-49.0-9402,1049712,3601,6711,6103,5711,8232,5687,1254,4641,5873,5856,198814
Dividends paid10.09.011.010.010.010.011.010.011.011.027.027.027.027.035.036.036.036.039.040.0
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 25 February 2022: the filing.