Interactive Brokers Group, Inc. (IBKR) is an automated global electronic broker that specializes in executing and clearing trades across a wide range of financial instruments. The company operates on more than 150 electronic exchanges and market centers in 34 countries and 27 currencies worldwide. IBKR provides services to a diverse customer base, including hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors, offering a comprehensive trading platform that supports multiple products and currencies from a single account .
- Interest Income - Earns interest on customer margin loans and other interest-earning assets, contributing significantly to the company's revenue .
- Commissions - Generates revenue from executing and clearing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, ETFs, and precious metals .
- Other Fees and Services - Includes fees for various services provided to customers, enhancing the company's service offerings .
- Other Income (Loss) - Involves income or loss from activities not classified under the main segments, impacting overall financial performance .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Earl H. Nemser ExecutiveBoard | Vice Chairman and Director | Independent Advisor to Dechert LLP | Vice Chairman since 1988, extensive legal expertise, strengthens IBKR's governance, previously Special Counsel at Dechert LLP. | |
Milan Galik ExecutiveBoard | Chief Executive Officer and President | None | Joined IBKR in 1990 as a software developer, became CEO in 2019, instrumental in developing IBKR's technology and software systems. | View Report → |
Thomas Peterffy ExecutiveBoard | Chairman of the Board | Trustee of the Thomas Peterffy 2018 Revocable Trust | Founder of IBKR in 1993, pioneer in electronic trading, served as CEO until 2019, instrumental in IBKR's growth and technological innovations. | |
Paul J. Brody Executive | Chief Financial Officer, Treasurer, and Secretary | None | Joined IBKR in 1987, CFO since 2003, oversees financial reporting and internal controls, previously served as a director of The Options Clearing Corporation. | |
Thomas A. Frank Executive | Executive Vice President and Chief Information Officer | Director of The Options Clearing Corporation (OCC) | Joined IBKR in 1985, responsible for technical infrastructure and information security, instrumental in developing IBKR's early market-making systems. | |
Jill Bright Board | Director | Operating Executive at Crestview Partners, Chief Transformation Officer at OneMagnify, Board Director at WOW Internet & Cable, Board Member at Service Express | Joined IBKR in 2022, expert in human resources management, focuses on organizational effectiveness, serves on IBKR's Nominating and Corporate Governance Committee. | |
Lawrence E. Harris Board | Lead Independent Director | Professor at USC, Trustee of Clipper Fund, Director of Selected Funds, Research Coordinator at the Institute for Quantitative Research in Finance | Joined IBKR in 2007, former Chief Economist of the SEC, expert in market microstructure, chairs IBKR's Audit Committee. | |
Nicole Yuen Board | Director | Non-Executive Director of Asia Dragon Trust PLC | Joined IBKR in 2020, former Managing Director at Credit Suisse, led equities business in North Asia, serves on IBKR's Nominating and Corporate Governance Committee and Audit Committee. | |
Philip Uhde Board | Director | Founder of The Linonia Partnership | Investor with extensive experience, led investments in financial services companies, including IBKR, not standing for re-election in 2024. |
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Given your estimate that a 25 basis point decrease in the Fed funds rate would reduce annual net interest income by $64 million , how do you plan to offset potential declines in net interest income in a lower rate environment?
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With the opening of your new office in Dubai aimed at attracting sophisticated accounts , what specific strategies are you employing to grow your presence in the Middle East, and how do you expect this expansion to impact your overall business performance?
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Considering that competitors are planning to introduce index options at lower price points, potentially increasing pricing pressure in the industry , how do you anticipate this affecting your market share and pricing strategy in the U.S. options trading market?
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Given that your securities lending net interest income has been affected by factors such as fewer hard-to-borrow names and decreased market volatility , what measures are you taking to enhance securities lending income in the current market conditions?
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Regarding your ForecastEx platform, with initial volumes driven by political contracts and around 800 clients trading so far , when do you expect this platform to reach a scale that materially impacts your financial results, and what risks does it pose to your balance sheet ?
Research analysts who have asked questions during Interactive Brokers Group earnings calls.
James Yaro
Goldman Sachs
5 questions for IBKR
Patrick Moley
Piper Sandler & Co.
5 questions for IBKR
Craig Siegenthaler
Bank of America
4 questions for IBKR
Kyle Voigt
Keefe, Bruyette & Woods
4 questions for IBKR
Benjamin Budish
Barclays PLC
3 questions for IBKR
Christopher Allen
Citigroup
3 questions for IBKR
Dan Fannon
Jefferies & Company Inc.
3 questions for IBKR
Ben Budish
Barclays PLC
2 questions for IBKR
Brennan Hawken
UBS Group AG
2 questions for IBKR
Daniel Fannon
Jefferies Financial Group Inc.
2 questions for IBKR
Macrae Sykes
Gabelli Funds
1 question for IBKR
Recent press releases and 8-K filings for IBKR.
- Interactive Brokers (IBKR) posted strong third-quarter 2025 results, with net revenue of approximately $1.66 billion and adjusted earnings per share (EPS) around $0.57 to $0.59, marking significant year-over-year growth.
- The company benefited from a 67% increase in stock trading volume, a 27% rise in options trading, and a 21% boost in net interest income.
- Customer accounts grew 32% to over 4.1 million, with client equity assets up 40% to $757.5 billion.
- Operational efficiency improved, with pretax profit margins rising to 79%, supported by strict cost controls that cut general expenses by 59% to $62 million due to the absence of one-time legal and regulatory costs.
- IBKR's stock closed at $68.52 after the earnings release, reflecting an 83% increase over the past 12 months and a 56% year-to-date rise, supported by a 4-for-1 stock split in June 2025.
- Interactive Brokers Group (IBKR) reported record net revenues and pretax income for Q3 2025, with commissions increasing 23% to $537,000,000 and net interest income rising 21% to $967,000,000 compared to the prior year.
- The company achieved significant client growth, adding its four millionth customer and seeing client equity surpass $500,000,000,000 (up 40% year-over-year) and client cash balances reach $150,000,000,000 (up over 30% year-over-year). Total customer Daily Average Revenue Trades (DARTs) were up 34% from the prior year.
- IBKR continues to expand its product offerings, introducing new tax-advantaged accounts in Japan and Sweden, and proprietary features like 'Connections'. The company also noted an 87% increase in crypto trade volumes from last quarter and plans to introduce stablecoin deposits and crypto asset transfers by year-end.
- The company provided interest rate sensitivity estimates, stating that a 25 basis point decrease in the Fed funds rate would reduce annual net interest income by $77,000,000, and a 1% decrease in all benchmark rates would reduce annual net interest income by $417,000,000.
- Interactive Brokers Group (IBKR) reported record net revenues and pre-tax income for Q3 2025, with total net revenues up 21% and commissions rising 23% to $537 million compared to the prior year's third quarter.
- Net interest income reached a record $967 million, an increase of 21% year-over-year, driven by higher segregated cash and margin loan balances.
- The company achieved significant client growth, adding its four millionth customer and reaching $150 billion in client cash balances, both up over 30% from last year. Client equity surpassed three quarters of a trillion dollars, a 40% increase from last year.
- Customer trading volumes were strong, with total customer DARTs up 34% to 3.6 million trades per day, and options contract and equity share volumes rising 27% and 67%, respectively.
- IBKR continues to expand its offerings, introducing a proprietary "Connections" feature, adding tax-advantaged savings accounts in Japan and Sweden, and seeing substantial growth in crypto trade volumes (up 87% from last quarter and over five times versus last year). The company also rose to rank number four for hedge funds serviced.
- Interactive Brokers Group, Inc. reported GAAP diluted EPS of $0.59 and adjusted EPS of $0.57 for the third quarter ended September 30, 2025.
- The company's GAAP net revenues reached $1,655 million and adjusted net revenues were $1,610 million for Q3 2025.
- Revenue growth was driven by a 23% increase in commission revenue to $537 million and a 21% increase in net interest income to $967 million compared to the year-ago quarter.
- Customer accounts grew 32% to 4.13 million, customer equity increased 40% to $757.5 billion, and Total DARTs rose 34% to 3.62 million.
- The company maintained a strong pretax profit margin of 79% and declared a quarterly cash dividend of $0.08 per share.
- Interactive Brokers has launched a new Tax Planner tool within its PortfolioAnalyst platform, designed to help investors forecast and manage their tax liabilities.
- The Tax Planner integrates various financial inputs and trading activity to estimate year-end tax obligations, enabling users to preview gains or losses before executing trades for optimized tax outcomes.
- This tool complements existing features such as tax-lot matching and tax-loss harvesting, aiming to provide both retail and professional investors with greater oversight and control over the tax implications of their investments.
- The company also reported significant growth, including a 47% year-on-year increase in daily revenue trades and 40% annual growth in client equity, which reached $757.5 billion.
- Interactive Brokers Group reported significant growth in July 2025, with Daily Average Revenue Trades (DARTs) at 3.498 million, an increase of 27% from the prior year, and client accounts reaching 3.958 million, up 32% year-over-year.
- Ending client equity reached $685.8 billion in July 2025, an increase of 35% from the prior year, and ending client margin loan balances were $67.6 billion, up 20% year-over-year.
- Ending client credit balances stood at $144.3 billion in July 2025.
- The average commission per cleared Commissionable Order was $2.64 in July 2025. For June 2025, IBKR PRO clients' total cost of executing and clearing U.S. Reg.-NMS stocks was approximately 1.8 basis points of trade money, with a rolling twelve-month average of 3.5 basis points.
- On July 30, 2025, Interactive Brokers Group, Inc. filed a Prospectus Supplement to issue 3,836,000 shares of its common stock.
- These shares are being taken down from a shelf Registration Statement on Form S-3, originally filed on July 26, 2023.
- The common stock is intended for issuance and sale to IBG Holdings LLC for distribution to its members, in exchange for membership interests in IBG LLC.
- The company's counsel, Dechert LLP, has provided a legal opinion confirming that these shares will be validly issued, fully paid, and nonassessable when issued.
- Interactive Brokers Group achieved record net revenues and pretax income in the second quarter of 2025.
- Commissions rose 27% to $516 million compared to the prior year's second quarter, driven by higher trading volumes in options, futures, and stocks. Net interest income also reached a record of $860 million.
- The company experienced significant growth in overnight trading volumes, increasing over 170% from Q2 2024 to Q2 2025, primarily due to demand from overseas clients accessing US markets during their daytime hours.
- Interactive Brokers is expanding its cryptocurrency offerings, with plans to enable stablecoin funding, crypto asset transfers, and staking later in the year, alongside geographic expansion into Europe.
- The SEC fee rate was reduced to zero midway through the quarter; had this reduction been in effect for the entire quarter, commission revenue and execution and clearing expense would have been an estimated $15 million higher.
- Record trading activity and revenue: Commission revenue hit a record $0.5 billion with options up +25%, futures +16%, and stock shares +47%, driving a 74% pretax margin .
- Strong earnings performance: Reported GAAP diluted EPS of $1.94 and net revenues of $1,427 million, with adjusted EPS of $1.88 and adjusted net revenues of $1,396 million .
- Robust client growth: Achieved 32% account growth by adding 279,000 new accounts and set record client credit balances at $125.2 billion .
- Dividend increase: Raised the quarterly dividend from $0.25 to $0.32, underpinned by disciplined cost management .
- Capital action: Announced a four-for-one forward stock split to improve stock accessibility .