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According to our estimates, Ameritrade’s adjusted EBITDA margin improved by almost 250 basis points over the prior year quarter to 48.3% in Q4. The growth in net revenues was largely responsible for the margin improvement as most expenses remained flat. The only significant rise in the company’s operating expenses was in compensation and benefits costs, which rose by nearly 15% to $195 million during the quarter.
from Forbes Real Time http://onforb.es/1FW0JXY
According to our estimates, Ameritrade’s adjusted EBITDA margin improved by almost 250 basis points over the prior year quarter to 48.3% in Q4. The growth in net revenues was largely responsible for the margin improvement as most expenses remained flat. The only significant rise in the company’s operating expenses was in compensation and benefits costs, which rose by nearly 15% to $195 million during the quarter.
from Forbes Real Time http://onforb.es/1FW0JXY
