A significant rise in trading activity has been reported for July 2025, with a notable 27% year-over-year increase in Daily Average Revenue Trades (DARTs). The figure reached approximately 3.498 million, surpassing both July 2024 and June 2025 performance.
In terms of client equity, the ending balance stood at $685.8 billion, reflecting an impressive 35% growth compared to the previous year and a 3% increase over the month. This demonstrates a robust increase in investor confidence and trading engagement.
Margin loan balances also showcased substantial growth, reaching $67.6 billion, which is 20% higher than the same time last year and 4% more than June 2025. This increase suggests that clients are leveraging more capital for their trading activities, indicating a bullish sentiment in the market.
The brokerage reported a total of 3.958 million client accounts by the end of July, marking a 32% rise year-over-year and a 2% month-over-month increase. This growth in client base reflects both the appeal of their trading platform and an expanding market presence.
The average commission for each cleared Commissionable Order came in at $2.64, a figure that takes into account various fees including exchange, clearing, and regulatory costs. This area has remained competitive and appealing for traders engaging with the brokerage’s services.
In conjunction with the overall trading metrics, the financial performance for the second quarter of 2025 was also strong. The brokerage reported diluted earnings per share of $0.51, with both reported and adjusted net revenues at $1.480 billion. The income before income taxes matched those figures at $1.104 billion, indicating a solid operational efficiency.
Commission revenues experienced significant growth in the second quarter, climbing 27% to $516 million, primarily attributed to heightened customer trading volumes. This was prevalent across multiple asset classes; trading volumes for stocks increased by 31%, options by 24%, and futures by 18%.
This impressive performance signals a favorable environment for trading activities, reflecting an overall trend in the retail Forex market towards increased engagement and investment.