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Interactive Brokers Group, Inc.

IBKR Financial Capital Markets

Interactive Brokers Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.2 billion, up 19.7% from fiscal 2024.

Revenue
+15.7%
EPS
+17.0%
Free cash flow
−13.0%

Quarter to September 2026, against a year earlier

72.92 4.96 −6.37%
Market cap
$33.0B
P/E
27.7×
Fwd P/E
28.2×
Dividend yield
0.46%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Bought, $m 0.02
Sold, $m 34.79
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — 1 1 1 1 1 1 1 1
Sell — 2 — — 1 — — — — — 1 —
Insider Ownership 3.03%

Capital & Financial Ratios $m

Size
Market Cap 32,950.00
Revenue ttm 7,122.00
Net income ttm 4,896.00
Free cash flow ttm 15,834.00
Net debt Q (125,097.00)
Valuation
P/E 27.73
Forward P/E 28.20
Price / sales 4.63
Forward P/S Powerpack
Price / FCF 2.08
Price / book 1.94
Financial health
Current ratio Q 1.09
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +15.65% (above 0%: growing)
Operating income growth Q +14.12% (above 0%: growing)
EPS, this year +23.39% (at or above 15%: strong)
EPS, next year A +22.21% (at or above 15%: strong)
Revenue, next year A +19.89% (at or above 10%: strong)
EPS, past 5 yrs +29.69% (at or above 15%: strong)
EPS, next 5 yrs A +20.60% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 62.16%
10-year low 10-year high
P/S against its own 10 years 87.75%
10-year low 10-year high
P/B against its own 10 years 98.61%
10-year low 10-year high

Dividends raised 2 years running

Yield
0.46%
Annual rate
0.34
Payout ratio
12.9%
Growth, 2017–25
+14.8%/yr
  1. 0.10 ’17
  2. 0.10 ’18 +0
  3. 0.10 ’19 +0
  4. 0.10 ’20 +0
  5. 0.10 ’21 +0
  6. 0.10 ’22 +0
  7. 0.10 ’23 +0
  8. 0.21 ’24 +113
  9. 0.30 ’25 +42
  10. 0.43 ’26e +42
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 79,318 80,023 100,522 125,097
Receivables 46,490 67,074 96,166 110,604
Inventory 1,488 1,924 4,982 4,896
Other — — — —
127,296 149,021 201,670 240,597
2023 2024 2025 Q'26
Payables 102,627 116,990 157,258 183,998
ST’ Debt — — — —
Other 11,540 16,541 25,491 35,968
114,184 133,545 182,768 219,984

Compound Annual Growth %

10y 5y 3y
Sales 17.97% 22.84% 26.48%
Cash Flow 36.10% 14.40% 58.54%
Earnings 34.98% 38.23% 37.32%
Book Value 14.37% 17.86% 20.79%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.67 Actual 0.67

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.52 0.65 Beat by 0.13
Q1 FY26 0.62 0.60 Miss by 0.02
Q2 FY26 0.64 0.69 Beat by 0.05
Q3 FY26 0.67 0.67 Met by 0.00
Q4 FY26 0.72 — Reports 19 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.59 0.69 0.69 — —
’25 0.49 0.51 0.59 0.63 2.22
’24 0.40 0.41 0.42 0.50 1.73
’23 0.36 0.30 0.39 0.37 1.42
’22 0.19 0.18 0.24 0.33 0.94
’21 0.29 0.25 0.11 0.17 0.81
’20 0.15 0.10 0.15 0.20 0.61
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,669 1,896 1,914 — —
’25 1,427 1,480 1,655 1,643 6,205
’24 1,203 1,230 1,365 1,387 5,185
’23 1,056 1,000 1,145 1,139 4,340
’22 645 656 790 976 3,067
’21 893 754 464 603 2,714
’20 532 539 548 599 2,218
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3,611 6,216 — — —
’25 2,584 7,139 4,479 1,609 15,811
’24 1,683 1,621 3,582 1,838 8,724
’23 (923) 2,119 979 2,369 4,544
’22 2,125 (541) 2,414 (30) 3,968
’21 3,734 1,324 1,213 (1,213) 5,896
’20 5,203 (1,557) (174) 4,596 8,068
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 3,585 6,198 — — —
’25 2,568 7,125 4,464 1,587 15,744
’24 1,671 1,610 3,571 1,823 8,675
’23 (940) 2,104 971 2,360 4,495
’22 2,106 (554) 2,396 (49) 3,899
’21 3,713 1,307 1,200 (1,200) 5,819
’20 5,191 (1,567) (183) 4,577 8,018
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 34.8% a year for ten years. It grew 8.0% a year over the last ten.

Implied
34.8%
10 years, reported
8.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,396 1,702 1,903 1,937 2,218 2,714 3,067 4,340 5,185 6,205 7,122 +18.0% 7,439 8,916 10,180 +17.9%
Gross margin, % 82.52 85.84 85.86 87.04 86.79 91.30 89.44 91.11 91.38 93.23 93.36 +10.7 pt
EBT 761 1,049 1,196 1,157 1,256 1,787 1,998 3,069 3,695 4,771 5,540 +22.6%
EBT margin, % 54.51 61.63 62.85 59.73 56.63 65.84 65.15 70.71 71.26 76.89 77.79 +22.4 pt
Net income 699 793 1,125 1,089 1,179 1,636 1,842 2,812 3,407 4,357 4,896 +22.5%
Per share, $
Per share, $ Revenue 5.29 6.08 6.48 6.36 6.94 7.21 7.63 10.34 11.99 14.07 15.75 +11.5%
Earnings 0.32 0.27 0.58 0.53 0.61 0.82 0.95 1.43 1.75 2.23 2.63 +24.1%
Cash flow 2.40 3.81 8.02 8.76 25.23 15.65 9.87 10.82 20.17 35.86 0.00 +35.0%
Capex (0.10) (0.10) (0.12) (0.24) (0.16) (0.20) (0.17) (0.12) (0.11) (0.15) 0.00 +4.5%
Free cash flow 2.30 3.71 7.90 8.51 25.08 15.45 9.70 10.71 20.06 35.71 0.00 +35.6%
Book value 22.04 23.00 24.36 26.08 28.16 27.14 28.90 33.50 38.38 46.43 51.41 +8.6%
Shares, m 264 280 294 304 320 377 402 420 432 441 447 +5.9%
Valuation, ×
Valuation, × P/E 28.52 54.15 23.55 22.00 25.17 24.00 18.94 14.81 25.31 28.87 27.73 26.5
P/S 1.75 2.45 2.11 1.83 2.20 2.76 2.34 2.05 3.68 4.57 4.63 2.6
P/B 0.42 0.65 0.56 0.45 0.54 0.73 0.62 0.63 1.15 1.39 1.94 0.7
EV/Sales (19.51) (13.39) (13.80) (17.34) (22.04) (15.19) (20.86) (16.23) (11.75) (11.63) — (16.2)
EV/FCF (44.79) (21.98) (11.32) (12.96) (6.10) (8.21) (16.41) (15.67) (7.02) (4.58) — (14.9)
Cash, $m
Cash, $m Operating cash flow 635 1,065 2,356 2,666 8,068 5,896 3,968 4,544 8,724 15,811 15,915 +42.9%
Capex (27) (28) (36) (74) (50) (77) (69) (49) (49) (67) (81) +10.6%
Free cash flow 608 1,037 2,320 2,592 8,018 5,819 3,899 4,495 8,675 15,744 15,834 +43.6%
Balance, $m
Balance, $m Working capital 5,372 6,141 6,860 7,460 8,409 9,311 10,689 13,112 15,476 18,902 20,613 +15.0%
Net debt (29,682) (26,956) (30,268) (37,133) (53,764) (48,696) (71,162) (79,318) (80,023) (100,522) (125,097) +14.5%
Shareholders’ equity 5,820 6,433 7,156 7,940 9,003 10,222 11,615 14,067 16,597 20,472 23,251 +15.0%
Returns, %
Returns, % ROA 0.16 0.13 0.28 0.24 0.23 0.30 0.34 0.49 0.54 0.56 0.53 +0.4 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 1.50 1.24 2.49 2.13 2.30 3.20 3.48 4.67 4.92 5.31 6.45 +3.8 pt
People
People Employees 1,204 1,228 1,413 1,643 2,033 2,571 2,820 2,932 2,998 3,182 — +11.4%
Revenue/emp, $m 1.16 1.39 1.35 1.18 1.09 1.06 1.09 1.48 1.73 1.95 — +5.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Interactive Brokers is an automated global brokerage. It gives individuals and institutions a way to hold accounts, access markets and trade financial instruments. Its services include routing orders to trading venues, executing trades, clearing and settling transactions, and holding customer assets. The business traces its roots to 1977 and is headquartered in Greenwich, Connecticut. Milan Galik is its chief executive officer.

Customers can use a single platform to trade stocks, options, futures, currencies, bonds, mutual funds, exchange-traded funds, precious metals and forecast contracts. Forecast contracts allow customers to trade on the outcome of a specified event. Interactive Brokers also provides access to certain cryptocurrencies, with third-party providers handling execution, clearing and custody for some offerings.

Interactive Brokers Group, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HOOD Robinhood Markets, Inc. $70.6B 35.8× 40.8× +11.77% (above 0%: growing) −15.86% (below 0%: shrinking) +175.82% (above 0%: growing) 95.22% 48.10% Compare
IBKR Interactive Brokers Group, Inc. $33.0B 27.7× 28.2× +15.65% (above 0%: growing) +16.95% (above 0%: growing) −13.01% (below 0%: shrinking) 93.00% 78.11%
TW Tradeweb Markets Inc. $29.6B 29.0× 34.5× +14.93% (above 0%: growing) +22.86% (above 0%: growing) +2.33% (above 0%: growing) 100.00% 43.36% Compare
NMR Nomura Holdings Inc ADR $27.8B 9.6× 9.1× +0.18% (above 0%: growing) +4.32% (above 0%: growing) +106.20% (above 0%: growing) 94.68% 70.95% Compare
LPLA LPL Financial Holdings Inc. $23.4B 17.2× 15.2× +17.40% (above 0%: growing) n/m +103.60% (above 0%: growing) 31.10% 11.06% Compare
CRCL Circle Internet Group, Inc. $17.7B 37.4× 65.3× +16.91% (above 0%: growing) −4.30% (below 0%: shrinking) −88.69% (below 0%: shrinking) 0.00% 24.09% Compare
BMNR BitMine Immersion Technologies, Inc. $11.5B — (loss-making) — (loss-making) +2,167.79% (above 0%: growing) n/m −126,594.81% (below 0%: shrinking) 87.70% (25.50%) Compare
EVR Evercore Inc $11.2B 14.5× 15.2× +12.51% (above 0%: growing) +24.01% (above 0%: growing) +25.04% (above 0%: growing) 99.76% 21.48% Compare
JEF Jefferies Financial Group Inc. $11.2B 12.7× 12.4× +8.52% (above 0%: growing) +17.31% (above 0%: growing) +1,563.06% (above 0%: growing) 98.97% 24.82% Compare
Median of peers $20.6B 17.2× 15.2× +13.72% +10.82% +64.32% 94.95% 24.46%

All 97 Capital Markets stocks →

From the latest earnings call

Updated

  • On the Q2 call, CFO Paul Brody said higher customer balances supported net interest income, while interest paid on customer cash partly offset the increase.
  • CEO Milan Galik said on the Q2 call that Interactive Brokers planned to offer autonomous trading with safeguards and a test of clients’ understanding.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Goldman Sachs Group Oct 21, 2026 Target cut Buy 114.00 → 113.00
Deutsche Bank Oct 12, 2026 Initiated Buy 102.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 85.50%
Held by the ten largest 34.96%
Holder Shares Stake Change
Vanguard 41.66m 9.20% −5.98m
BlackRock 33.13m 7.31% +1.75m
State Street 19.44m 4.29% +345.66k
Fidelity (FMR) 11.83m 2.61% −673.13k
Geode Capital Management 10.64m 2.35% +198.30k
Greenwich Wealth Management LLC 9.92m 2.19% −2.29k
Invesco 9.71m 2.14% +61.81k
Two Sigma 8.34m 1.84% +27.43k
Wellington Management 7.38m 1.63% −2.39m
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 6.37m 1.40% −3.65m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 11 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 19.67m 42.16m 434.00
2024 17.33m 53.30m 297.00
2023 15.38m 19.85m 138.00
2022 14.04m 8.57m 120.00
2021 12.29m 19.47m 131.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Interactive Brokers Group, Inc. (IBKR) Latest News

29 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

28 Oct

Impact 3 · · PR Newswire
Impact 3 · · 24/7 Wall St.

21 Oct

Impact 4 · · Business Wire
Impact 3 · · Barchart
Impact 3 · · Zacks

18 Oct

Impact 4 · · The Motley Fool earnings

17 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 4 · · Moby
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · 24/7 Wall St.

15 Oct

Impact 4 · · MarketBeat
Impact 3 · · TheStreet
Impact 3 · · Investing.com
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 ·
Impact 3 · · Zacks

14 Oct

Impact 4 · · Zacks
Impact 4 · · The Motley Fool
Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks

13 Oct

Impact 4 · · Insider Monkey

IBKR metrics, ten years each

stockrow.com/IBKR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com