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TD Ameritrade's Fiscal 4Q17 Results: What You Should Know

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TD Ameritrade's Fiscal 4Q17 Results: What You Should Know PART 1 OF 6

TD Ameritrade Sees Rise in Net Revenues in Fiscal 4Q17

Net revenues in fiscal 4Q17

TD Ameritrade Holding (AMTD) reported its fiscal 4Q17 and fiscal 2017 results on October 24, 2017. Its net revenues were $983 million in fiscal 4Q17 compared to $829 million in fiscal 4Q16. The majority of the YoY (year-over-year) rise was due to its asset-based revenues, which included investment product fees, bank deposit account fees, and net interest revenue.

TD Ameritrade Sees Rise in Net Revenues in Fiscal 4Q17

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TD Ameritrade generated revenue per share of $6.56 on a TTM (trailing 12-month) basis. Other players (XLF) in the industry, Interactive Brokers Group (IBKR), LPL Financial Holdings (LPLA), and Morgan Stanley (MS), have revenues per share of $20.56, $46.04, and $20.89, respectively, on a TTM basis.

TD Ameritrade posted total asset-based revenues of $632 million in fiscal 4Q17 compared to $479 million in fiscal 4Q16. In fiscal 4Q17, it saw a YoY rise in all components of its asset-based revenues, mainly due to the rise in its bank deposit account fees.

Fiscal 2017 numbers

TD Ameritrade reported net revenues of $3.7 billion in fiscal 2017 compared to $3.3 billion in fiscal 2016, reflecting an increase in its asset-based revenues. It managed to garner commissions and transaction fees of $1.38 billion in fiscal 2017 compared to $1.37 billion in fiscal 2016.

For its other revenues, TD Ameritrade reported $72 million in fiscal 2017 compared to $60 million in fiscal 2016.

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