Interactive Brokers UK Revenue Soars with Client Surge

Interactive Brokers UK boosts 2024 revenue to £36M with 142% client growth; opens new Dubai branch amid global expansion.

Key Points:

• Client accounts surged 142% to 64,146, driving a 15% increase in turnover to £36 million.
• The UK unit expanded internationally by launching a new branch in Dubai.

Interactive Brokers (UK) Limited reported a substantial leap in its 2024 performance, driven by a 142% surge in client accounts. The number of accounts skyrocketed from 26,539 in 2023 to 64,146, according to the company’s latest filing with Companies House. This rapid growth pushed the UK unit’s turnover to £36 million, a 15% increase from the previous year’s £31.3 million.

The growth in client base and income highlights the company’s expanding footprint in the competitive retail and institutional trading space. The UK subsidiary, regulated by the Financial Conduct Authority (FCA), provides execution and clearing services in equities and derivatives, along with offerings in CFDs, spot metals, index futures, and safe custody securities.

Interactive Brokers UK Revenue Soars with Client Surge

Despite administrative expenses ballooning to £59.4 million, the company managed to maintain a healthy profit margin, thanks to £131.8 million in finance income. However, a significant portion—£102.1 million—was offset by finance costs. Additional revenues from other operating sources contributed £7.2 million.

Pre-tax profits for the year rose to £13.6 million, a 20% increase from £11.3 million in 2023. Net profit after taxes totaled £10.5 million, underscoring solid bottom-line growth in a year of operational investment and expansion.

In a strategic move to bolster its global reach, Interactive Brokers UK inaugurated a new branch in Dubai in 2024. This expansion aligns with the parent company’s broader international growth strategy, offering clients in the Middle East direct access to its global trading platform.

Interactive Brokers (UK) Limited is ultimately owned by Interactive Brokers Group, a Nasdaq-listed company. The parent group reported $1.4 billion in revenues for Q1 2025, up from $1.2 billion a year prior. Earnings per share improved to $1.88 but fell short of analyst expectations, which were pegged at $1.92.

The latest figures reflect Interactive Brokers UK’s strengthening market position and its ability to convert a growing client base into higher revenues and profits. With continued global expansion and robust product offerings, the company appears well-positioned to build on its momentum in the coming year.

Also, visit the Stock Broker Talks website for more insights and Reviews.