Interactive Brokers UK reports strong financial growth for 2024 amid strategic expansion
Interactive Brokers UK profit up 20%
The British subsidiary of the global brokerage group Interactive Brokers Group — Interactive Brokers (U.K.) Limited — reported solid financial performance for the fiscal year ending December 31, 2024.
According to the company’s report, pre-tax profit reached £13.6 million, a 20% increase from £11.3 million in the previous year. The growth was primarily driven by rising interest rates and a significant increase in net finance income.
Revenue and profitability
The company's turnover climbed to £36 million, up from £31.3 million in 2023, reflecting consistent growth in commission income. Although administrative expenses rose by nearly 19% — from £50.1 million to £59.4 million — this was effectively offset by a sharp rise in finance income, which reached £131.9 million, supported by increased deposits and favorable interest rate conditions.
Despite an operating loss of £16.2 million, the company ended the year with a net profit after taxation of £10.5 million, compared to £9.3 million in the prior year — thanks to its client-carrying broker model and sound financial management.
Capital and client base growth
Interactive Brokers (U.K.) significantly strengthened its capital position, with total equity rising to £221.1 million from £169 million a year earlier. A substantial factor in this growth was a £40 million capital injection received in January 2025. Throughout the year, the company maintained compliance with capital adequacy requirements set by the FCA under the MIFIDPRU framework.
The number of client accounts surged by an impressive 142%, reaching 64,146 by year-end, compared to 26,539 in 2023. This sharp increase underscores strong demand for the firm’s brokerage and custody services, particularly following the launch of its ISA and Junior ISA products.
Strategic expansion and outlook
In 2024, Interactive Brokers (U.K.) expanded its global footprint by opening a new branch in the Dubai International Financial Centre (DIFC), reinforcing its presence in the Middle Eastern market. The firm plans to maintain a strategic focus on long-term client base expansion and broader adoption of its brokerage offerings throughout 2025.
With a stable capital foundation, a diversified service portfolio, and a strong commitment to corporate governance, Interactive Brokers (U.K.) is well-positioned to continue its growth trajectory and adapt to evolving market conditions.
Notably, the Interactive Brokers Group also reported strong financial and operational results for April 2025, highlighting continued growth in trading activity and customer engagement.
