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Friday 6 November 2026 Export IBKR’s income statement to Excel — free account

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

75.91 3.18 +4.37%
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

Interactive Brokers Group, Inc. (IBKR) valuation and DCF model

What the price implies · reverse DCF

At $75.91 the price implies 35.4% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 8.0% a year over the last ten years, 17.5% over the last five. The price asks for about four times its ten-year rate. Return on equity averaged 3.1% over ten years; the price implies 12.1% for good.

In December 2017 the price assumed 21.6% a year; Interactive Brokers Group, Inc. went on to grow the dividend a share 41.3% a year to FY2025.

Price implies
35.4%
Last 5 years, reported
17.5%
Last 10 years, reported
8.0%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
35.4% a year for ten years
$75.91
today’s price
Its base case
8.0% a year for five years, then 4.8%
$9.21
87.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Interactive Brokers Group, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 35.4% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Interactive Brokers Group, Inc.’s own cost of capital: risk-free 4.3% + beta 1.38 × equity premium 4.5% = 10.5% cost of equity; weighted, 10.5%.

Use 10.5%
Base case value per share $9.21 ten years discounted, and what follows
Current price $75.91 market price per share
Below today’s price 87.9% downside at the base case’s assumptions

How we got there$3.91 10 years of dividends+$5.31 terminal value=$9.21 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Capital Markets).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 27.73× 23.13× 26.45× 5% above 14.35× 93% above
P/FCF 2.08× 1.98× 1.91× 9% above 9.28× 78% below
P/B 1.94× 1.14× 0.86× 124% above 1.36× 42% above
P/E P/FCF P/B
0.59×1.00×1.41×1.83×10Y avg 0.86×2017201820192020202120222023202420252026

IBKR trades at 1.94× P/B, against a 10-year average of 0.86× (range 0.45×–1.94×). That is dearer than 100% of the last 9 year-end readings; re-rating to the average implies $33.91 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.