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TD Ameritrade: Its Fiscal 3Q17 Beats in Earnings and Revenue

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Part 3
TD Ameritrade: Its Fiscal 3Q17 Beats in Earnings and Revenue PART 3 OF 8

TD Ameritrade Witnessed Rise in Fee-Based Revenues

Investment product fees

TD Ameritrade Holding (AMTD) witnessed a substantial rise in its investment product fee-related revenues in fiscal 3Q17 compared to fiscal 3Q16. In 3Q17, those revenues were $112.0 million compared to $96.0 million in 3Q16, thus reflecting a rise of 17.0%.

TD Ameritrade Witnessed Rise in Fee-Based Revenues

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Investment product fee-related revenues also contributed to TD Ameritrade’s total asset-based revenues. In fiscal 3Q17, those revenues were $573.0 million compared to $473.0 million in fiscal 3Q16, which reflects a rise of 21.0%.

From fiscal 1Q17 through fiscal 3Q17, the company managed to generate investment product fee-related revenues of $309.0 million. From fiscal 1Q16 through fiscal 3Q16, they were $276.0 million.

Net margin

As of June 30, 2017, TD Ameritrade (AMTD) reported a net margin of 24.8%. Other brokerage giants (XLF) have reported the following net margins as of the same date:

  • E*Trade Financial (ETFC): 33.4%
  • Interactive Brokers Group (IBKR): 42.7%
  • Charles Schwab (SCHW): 26.1%
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