IBKR
Interactive Brokers Group, Inc.63.06
+0.19+0.3%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Bank charter advances; growth reaffirmed
Q&A highlighted bank charter progress, with operations eyed by year-end to enable ETF and mutual fund custody as a broker-dealer limitation workaround. Management dismissed M&A in prediction markets, touting ForecastX's organic growth via 24/7 trading and institutional push targeting utilities with temperature-linked electricity/gas contracts this year. Crypto revenues remain small, with low iBroker demand but Europe launch imminent and superior pricing eyed for transfers. Account growth faces no slowdown. Expenses to grow modestly at 6-10%, aided by AI. Confident tone persists; investors will track charter impact and prediction institutional uptake.
Key Stats
Market Cap
107.20BP/E (TTM)
30.46Basic EPS (TTM)
2.07Dividend Yield
0%Recent Filings
10-K
FY2025 results
Interactive Brokers crushed FY2025 with net revenues up 20% to $6.2B, fueled by 38% higher stock volumes, 26% options surge, and 13% net interest growth to $3.6B despite Fed cuts—Q4 accelerated the momentum as customer equity hit $780B (up 37% y/y) and DARTs soared 40% to 3.7M. Commissions jumped 27% on tiered pricing efficiencies, while execution fees dipped 6% from rebate capture; pretax margins hit 77% (up from 71%). Excess regulatory capital swelled to $14.1B. Q4 ruled. Systemic market events could derail the party.
8-K
Q4 revenues hit $1.64B
Interactive Brokers crushed Q4 2025 with net revenues up 18% to $1.64B, driven by 22% commission growth to $582M on surging options, futures, and stock volumes, plus 20% net interest income rise to $966M amid 40% higher margin loans. Customer accounts hit 4.40M, equity soared 37% to $779.9B. Pretax margins held firm at 79%. Dividend stays $0.08/share.
10-Q
Q3 FY2025 results
8-K
Q3 revenues $1.655B, EPS $0.59
Interactive Brokers crushed Q3 with net revenues up 21% to $1,655 million and GAAP diluted EPS of $0.59, fueled by 23% commission growth from 67% higher stock volumes and 21% net interest income surge on booming margin loans. Customer accounts hit 4.13 million, up 32%, equity soared 40% to $757.5 billion. G&A plunged 59% sans one-offs. Pretax margins hit 79%. Dividend holds at $0.08.
10-Q
Q2 FY2025 results
Interactive Brokers Group's Q2 2025 10-Q filing lacks the required financial statements, including revenue, profitability metrics, or balance sheet details, preventing analysis of year-over-year or quarter-over-quarter changes in key figures like EPS or cash flow. The document instead details the 2007 Stock Incentive Plan, authorizing up to 160 million shares for restricted stock, SARs, and performance shares to incentivize growth among directors, officers, and key employees. No non-GAAP metrics are defined or reconciled here. Liquidity and debt specifics remain undisclosed in this excerpt. Regulatory risks from evolving securities laws could impact operations.
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