<p>在经历了数年的大幅上涨，<strong>盈透证券</strong>(IBKR 1.05%) 的股价翻了一番后，正在使其股票对投资者更加可及。管理层刚刚宣布将于 6 月实施 4 比 1 的股票拆分。这一举措将增加股份数量并降低股价，正值盈透证券报告了又一个令人震惊的增长季度。</p>
<p>股票拆分可能会引起媒体的关注，但真正的故事在于基础业务的强劲。在过去的几年中，盈透证券已成为金融服务行业中增长最为稳定的公司之一。这一增长在 2025 年第一季度继续保持。公司在收入、交易活动和客户账户等关键指标上均实现了强劲的两位数增长，继续在其长期高效、技术驱动的扩张轨迹上前进。</p>
<h2><strong>在强劲增长中的战略举措</strong></h2>
<p>盈透证券宣布将于 2025 年 6 月 18 日实施 4 比 1 的股票拆分。截止到 6 月 16 日的股东将每持有一股获得三股额外股份。</p>
<p>虽然股票拆分并不会改变公司的价值，但它可以传达管理层对业务的信心。毕竟，如果你不认为股票在长期内有继续上涨的良好机会，为什么还要费力去拆分股票呢？</p>
<p>为此，股票拆分的公告得到了卓越基本面的支持。盈透证券 2025 年第一季度的收入总计为 14.3 亿美元，同比增长 19%。其中一个最令人印象深刻的驱动因素是每日平均收入交易（DARTs），达到了 352 万，同比增长 50%。但这一季度还有很多值得称道的地方。客户账户同比增长 32%，达到 362 万，而客户权益增加 23%，达到 5735 亿美元。</p>
<p>盈透证券投资者关系负责人南希·斯图贝在公司第一季度的财报电话会议上表示：“我们在第一季度看到了一个全球自动化平台的价值，它能够利用其低成本并提供广泛的产品和市场。”</p>
<h2><strong>买入机会？</strong></h2>
<p>值得注意的是，当盈透证券在周三下午宣布其第一季度财报和股票拆分时，股价实际上下跌了。一个关键原因可能是公司的调整后每股收益为 1.88 美元，虽然比去年同期的 1.64 美元有所上升，但低于分析师对这一关键指标的共识预测。报告发布后，股价下跌约 10%——这一举动可能是对公司强劲业务势头的过度反应。</p>
<p>此外，管理层提到由于股市在第二季度下跌，客户保证金贷款减少了 10% 至 12%，这也可能对市场情绪产生了影响。尽管如此，管理层似乎相信公司的长期增长故事依然完好。首席执行官米兰·加利克在公司的财报电话会议上表示，这一下降 “并不算太糟”。此外，盈透证券创始人兼董事长托马斯·彼得菲在财报发布后的采访中告诉 CNBC，公司在第二季度继续增加 “越来越多的账户”。</p>
<p>公司还宣布季度股息为 0.32 美元，增加了 28%，使股票的收益率接近 1%。</p>
<p>盈透证券最新的业绩凸显了其商业模式在不确定时期的韧性。凭借强劲的账户增长、上升的客户权益和严格的费用管理，该券商在活跃交易者和机构中继续获得市场份额。即将到来的股票拆分既是一个象征性的举措，也是一个实际步骤，以吸引更多投资者参与。</p>
<p>尽管财报后的下跌可能让一些投资者感到犹豫，但那些关注长期的投资者可能会将其视为一个欢迎的回调。如果盈透证券能够维持其强劲的增长轨迹（历史表明它很可能会），这可能只是通往新高的又一个健康的检查点。</p>

盈透证券

<p>盈透证券宣布将于 2025 年 6 月 18 日进行 4 比 1 的股票拆分，此举是基于其业务的强劲增长。公司报告称，2025 年第一季度的收入同比增长 19%，达到 14.3 亿美元，日均收入交易和客户账户均显著增加。尽管公告后股价下跌 10%，管理层对长期增长依然充满信心。此次股票拆分旨在使股票更易于获取，反映了管理层对公司未来表现的乐观态度。同时，公司还宣布季度股息为 0.32 美元，较上年增长 28%</p>

<p>After a massive multiyear run that saw its shares more than double, <strong>Interactive Brokers</strong>(IBKR 1.05%) is making its stock more accessible to investors. Management just announced a 4-for-1 stock split, effective in June. The move that will increase the number of shares and decrease the share price comes as Interactive Brokers reported another quarter of staggering growth.</p>
<div class="lb-trans"><p>在经历了数年的大幅上涨，<strong>盈透证券</strong>(IBKR 1.05%) 的股价翻了一番后，正在使其股票对投资者更加可及。管理层刚刚宣布将于 6 月实施 4 比 1 的股票拆分。这一举措将增加股份数量并降低股价，正值盈透证券报告了又一个令人震惊的增长季度。</p>
</div><p>The stock split may grab headlines, but the real story is the strength of the underlying business. Over the last few years, Interactive Brokers has become one of the most consistently growing companies in financial services. And that growth continued in the first quarter of 2025. With key metrics across revenue, trading activity, and customer accounts all posting strong double-digit gains, the company continues to build on its long-term track record of efficient, technology-driven expansion.</p>
<div class="lb-trans"><p>股票拆分可能会引起媒体的关注，但真正的故事在于基础业务的强劲。在过去的几年中，盈透证券已成为金融服务行业中增长最为稳定的公司之一。这一增长在 2025 年第一季度继续保持。公司在收入、交易活动和客户账户等关键指标上均实现了强劲的两位数增长，继续在其长期高效、技术驱动的扩张轨迹上前进。</p>
</div><h2><strong>A strategic move amid strong growth</strong></h2>
<div class="lb-trans"><h2><strong>在强劲增长中的战略举措</strong></h2>
</div><p>Interactive Brokers announced a 4-for-1 forward stock split, scheduled to take effect on June 18, 2025. Shareholders of record as of June 16 will receive three additional shares for each share held.</p>
<div class="lb-trans"><p>盈透证券宣布将于 2025 年 6 月 18 日实施 4 比 1 的股票拆分。截止到 6 月 16 日的股东将每持有一股获得三股额外股份。</p>
</div><p>While stock splits don't change the value of a company, they can signal management's confidence in the business. After all, why go through the effort of splitting a stock if you don't think there's a good chance shares will continue rising over the long haul?</p>
<div class="lb-trans"><p>虽然股票拆分并不会改变公司的价值，但它可以传达管理层对业务的信心。毕竟，如果你不认为股票在长期内有继续上涨的良好机会，为什么还要费力去拆分股票呢？</p>
</div><p>To this end, the stock split announcement is supported by exceptional fundamentals. Interactive Brokers' revenue for its first quarter of 2025 totaled $1.43 billion, up 19% year over year. One of the most impressive drivers was daily average revenue trades (DARTs), which came in at 3.52 million and were up 50% year over year. But there was plenty more to like about the quarter. Customer accounts rose 32% year over year to 3.62 million, while customer equity increased 23% to $573.5 billion.</p>
<div class="lb-trans"><p>为此，股票拆分的公告得到了卓越基本面的支持。盈透证券 2025 年第一季度的收入总计为 14.3 亿美元，同比增长 19%。其中一个最令人印象深刻的驱动因素是每日平均收入交易（DARTs），达到了 352 万，同比增长 50%。但这一季度还有很多值得称道的地方。客户账户同比增长 32%，达到 362 万，而客户权益增加 23%，达到 5735 亿美元。</p>
</div><p>&#34;We saw in the first quarter the value of a global automated platform that can leverage its low costs and offer a broad range of products and markets,&#34; said Interactive Brokers investor relations chief Nancy Stuebe in the company's first-quarter earnings call.</p>
<div class="lb-trans"><p>盈透证券投资者关系负责人南希·斯图贝在公司第一季度的财报电话会议上表示：“我们在第一季度看到了一个全球自动化平台的价值，它能够利用其低成本并提供广泛的产品和市场。”</p>
</div><h2><strong>A buying opportunity?</strong></h2>
<div class="lb-trans"><h2><strong>买入机会？</strong></h2>
</div><p>Notably, Interactive Brokers stock actually fell when the stock brokerage announced its first-quarter earnings release and its stock split on Wednesday afternoon. One key reason for this was likely due to the company's adjusted earnings per share of $1.88, which was up from $1.64 in the year-ago quarter but below analysts' consensus forecast for the key metric. Shares fell about 10% after the report -- a move that may have been an overreaction given the company's strong business momentum.</p>
<div class="lb-trans"><p>值得注意的是，当盈透证券在周三下午宣布其第一季度财报和股票拆分时，股价实际上下跌了。一个关键原因可能是公司的调整后每股收益为 1.88 美元，虽然比去年同期的 1.64 美元有所上升，但低于分析师对这一关键指标的共识预测。报告发布后，股价下跌约 10%——这一举动可能是对公司强劲业务势头的过度反应。</p>
</div><p>Also potentially weighing on sentiment could have been management's comment that there was a 10% to 12% decrease in customer margin loans as the stock market tumbled during Q2. Nevertheless, management seems convinced that the company's long-term growth story remains intact. CEO Milan Galik said in the company's earnings call that this decrease was &#34;not that bad.&#34; Further, Interactive Brokers founder and Chairman Thomas Peterffy told CNBC in an interview after the earnings report that the company is continuing to add &#34;more and more accounts&#34; during Q2.</p>
<div class="lb-trans"><p>此外，管理层提到由于股市在第二季度下跌，客户保证金贷款减少了 10% 至 12%，这也可能对市场情绪产生了影响。尽管如此，管理层似乎相信公司的长期增长故事依然完好。首席执行官米兰·加利克在公司的财报电话会议上表示，这一下降 “并不算太糟”。此外，盈透证券创始人兼董事长托马斯·彼得菲在财报发布后的采访中告诉 CNBC，公司在第二季度继续增加 “越来越多的账户”。</p>
</div><p>The company also announced a quarterly dividend of $0.32, a 28% increase that puts the stock's yield near 1%.</p>
<div class="lb-trans"><p>公司还宣布季度股息为 0.32 美元，增加了 28%，使股票的收益率接近 1%。</p>
</div><p>Interactive Brokers' latest results underscore the durability of its business model even during uncertain times. With strong account growth, rising customer equity, and disciplined expense management, the broker continues to gain market share among active traders and institutions alike. The upcoming stock split serves as both a symbolic and practical step to bring more investors along for the ride.</p>
<div class="lb-trans"><p>盈透证券最新的业绩凸显了其商业模式在不确定时期的韧性。凭借强劲的账户增长、上升的客户权益和严格的费用管理，该券商在活跃交易者和机构中继续获得市场份额。即将到来的股票拆分既是一个象征性的举措，也是一个实际步骤，以吸引更多投资者参与。</p>
</div><p>While the post-earnings dip may give some investors pause, those focused on the long term might view it as a welcome pullback. If Interactive Brokers can maintain its strong growth trajectory (and history suggests it likely will), this may end up being just another healthy checkpoint on the way to new highs.</p>
<div class="lb-trans"><p>尽管财报后的下跌可能让一些投资者感到犹豫，但那些关注长期的投资者可能会将其视为一个欢迎的回调。如果盈透证券能够维持其强劲的增长轨迹（历史表明它很可能会），这可能只是通往新高的又一个健康的检查点。</p>
</div>

盈透证券正在进行股票拆分。现在是购买其股票的好时机吗？