Interactive Brokers Group, Inc.

IBKR · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004
Valuation
Market cap	$28,641	$19,236	$8,872	$7,443	$7,797	$5,981	$4,577	$5,365	$5,813	$3,584	$4,280	$6,528	$4,789	$2,491	$2,546	$2,753	$2,738	$2,761	$5,017	–	–	–
Enterprise value	$38,806	$44,182	$26,966	$21,732	$939	$18,153	$10,262	$10,765	$10,121	$8,768	$10,961	$7,209	$4,513	$3,656	($4,076)	($3,208)	$6,760	$2,469	$6,371	–	–	–
P/E (TTM) at period end	29.11×	25.48×	14.79×	19.59×	25.31×	30.67×	28.43×	31.75×	76.48×	42.67×	87.35×	145.06×	129.44×	61.25×	41.75×	–	83.18×	29.68×	5.78×	–	–	–
P/S (TTM) at period end	4.62×	3.71×	2.04×	2.43×	2.87×	2.70×	1.77×	2.27×	3.02×	2.43×	3.41×	5.85×	4.25×	2.09×	1.76×	2.79×	2.34×	1.27×	2.48×	–	–	–
P/B at period end	5.34×	4.49×	2.48×	2.61×	3.26×	3.07×	3.15×	4.18×	5.33×	3.68×	4.96×	8.52×	6.77×	4.16×	–	–	4.76×	0.63×	1.40×	–	–	–
EV / EBITDA (TTM)	4.38×	5.59×	4.09×	6.83×	0.45×	12.00×	5.30×	6.30×	8.50×	10.01×	11.95×	9.11×	6.62×	5.70×	(4.68×)	(7.48×)	12.09×	1.95×	6.75×	–	–	–
EV / Sales (TTM)	6.25×	8.52×	6.21×	7.09×	0.35×	8.18×	3.98×	4.55×	5.25×	5.94×	8.73×	6.47×	4.00×	3.07×	(2.82×)	(3.25×)	5.78×	1.13×	3.15×	–	–	–
Returns
Return on equity	18.3%	17.6%	16.7%	13.3%	12.9%	10.0%	11.1%	13.2%	7.0%	8.6%	5.7%	5.9%	5.2%	6.8%	–	–	5.7%	2.1%	24.3%	26.2%	24.6%	–
Return on invested capital	51.7%	24.7%	27.6%	16.8%	9.4%	9.4%	20.2%	18.4%	12.0%	9.5%	8.5%	9.8%	9.5%	10.9%	–	–	–	–	17.6%	19.7%	20.3%	–
Dividend yield	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.7%	0.5%	0.5%	0.7%	0.6%	0.4%	0.4%	2.7%	0.5%	2.7%	–	–	3.2%	–	–	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.23×	0.23×	0.20×	0.12×	0.09×	–
Debt / equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.92×	0.15×	0.52×	0.57×	0.40×	–
Effective tax rate	8.7%	7.8%	8.4%	7.8%	8.4%	6.1%	5.9%	5.9%	24.4%	8.1%	9.4%	9.3%	7.3%	5.7%	7.3%	17.9%	9.9%	10.3%	6.8%	3.6%	5.9%	6.7%
Share count
Diluted shares outstanding	444	436	423	405	380	323	307	297	284	269	250	231	204	188	177	170	167	166	160	160	160	160

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004
Revenue and gross profit
Revenue	$8,401	$6,205	$5,185	$4,340	$3,067	$2,714	$2,218	$2,580	$2,366	$1,927	$1,475	$1,256	$1,115	$1,128	$1,192	$1,445	$988	$1,170	$2,182	$2,024	$1,737	$1,099	$622
Cost of revenue	–	–	–	–	–	($635)	($618)	($539)	($533)	–	($486)	($458)	($417)	($448)	($495)	($498)	($476)	($69)	($332)	($555)	($484)	($170)	($58)
Gross profit	–	–	–	–	–	$2,305	$1,802	$2,034	$1,784	–	$895	$920	$809	$689	$653	$904	$452	$1,100	$1,850	$1,468	$1,252	$929	$564
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($443)	($247)	($314)	($211)	($165)	($608)	($587)	($564)	($558)	($518)	($516)	($483)	($441)	($471)	($519)	($521)	($500)	($522)	($563)	($510)	($468)	($339)	($258)
Total operating expenses	$1,822	–	–	–	–	($289)	($331)	($130)	($102)	–	($44)	($25)	($38)	($26)	($31)	($52)	($42)	($562)	($600)	($537)	($491)	($360)	($274)
Total costs and expenses	$1,688	$2,593	$2,656	$2,183	$59	($698)	($747)	($676)	($684)	($762)	($624)	($361)	($344)	($465)	($570)	($592)	($578)	($631)	($932)	($1,092)	($975)	($530)	($332)
Operating income	$10,089	$8,798	$7,841	$6,523	$3,126	$2,016	$1,471	$1,904	$1,682	$1,165	$851	$895	$771	$663	$622	$852	$410	$538	$1,250	$932	$762	$569	$290
Earnings
EBITDA	–	$8,859	$7,908	$6,588	$3,184	$2,066	$1,513	$1,935	$1,708	$1,190	$876	$917	$791	$682	$641	$871	$429	$559	$1,268	$944	$773	$580	$299
Interest income	$8,688	$7,782	$7,339	$6,230	$2,686	$1,372	$1,133	$1,726	$1,392	$908	$606	$492	$416	$304	$270	$280	$173	$122	$437	$782	$672	$273	$80
Interest expense	($4,607)	($4,219)	($4,191)	($3,436)	($1,018)	($224)	($261)	($643)	($463)	($225)	($79)	($67)	($72)	($52)	($62)	($86)	($66)	($69)	($332)	($555)	($484)	($170)	($58)
Pre-tax income	$5,540	$4,771	$3,695	$3,069	$1,998	$1,787	$1,256	$1,157	$1,196	$1,049	$761	$458	$506	$451	$527	$741	$337	$544	$1,250	$932	$762	$569	$290
Income tax expense	($482)	($414)	($288)	($257)	($156)	($151)	($77)	($68)	($71)	($256)	($62)	($43)	($47)	($33)	($30)	($54)	($60)	($54)	($128)	($63)	($27)	($34)	($20)
Net income	$1,177	$984	$755	$600	$380	$308	$195	$161	$169	$76	$84	$49	$45	$37	$42	$62	($10)	$36	$93	$869	$734	$536	$270
Per share
Diluted EPS (GAAP)	$2.60	$2.22	$1.73	$1.42	$0.9375	$0.81	$0.605	$0.525	$0.57	$0.2675	$0.3125	$0.195	$0.1925	$0.1825	$0.2225	$0.3425	($0.0575)	$0.1975	$0.56	$0.29	$0.4575	$0.335	$0.17
Basic EPS (GAAP)	$2.63	$2.23	$1.75	$1.43	$0.945	$0.8175	$0.61	$0.5275	$0.575	$0.2725	$0.32	$0.20	$0.1975	$0.185	$0.2225	$0.3475	($0.0575)	$0.20	$0.575	$0.30	$0.4575	$0.335	$0.17
Basic shares outstanding	448	441	432	420	402	377	320	304	294	280	264	244	226	199	187	176	167	164	162	160	160	160	160
Margins
Gross margin	–	–	–	–	–	84.9%	81.2%	78.8%	75.4%	–	60.7%	73.2%	72.6%	61.1%	54.8%	62.6%	45.7%	94.1%	84.8%	72.6%	72.1%	84.5%	90.7%
Operating margin	120.1%	141.8%	151.2%	150.3%	101.9%	74.3%	66.3%	73.8%	71.1%	60.5%	57.7%	71.3%	69.1%	58.8%	52.2%	59.0%	41.5%	46.0%	57.3%	46.0%	43.8%	51.8%	46.6%
Net margin	14.0%	15.9%	14.6%	13.8%	12.4%	11.3%	8.8%	6.2%	7.1%	3.9%	5.7%	3.9%	4.0%	3.3%	3.5%	4.3%	(1.0%)	3.1%	4.3%	42.9%	42.3%	48.7%	43.5%

Analyst consensus

Buy19 analysts

Bearish · 1 · Hold · 9 · Bullish · 9

Earnings history

	EPS	Estimate
Q4 2024	$0.51	$1.72	Miss
Q1 2025	$0.47	$0.48	Miss
Q2 2025	$0.51	$0.47	Beat
Q3 2025	$0.57	$0.54	Beat
Q4 2025	$0.65	$0.59	Beat
Q1 2026	$0.60	$0.57	Beat
Q2 2026	$0.69	$0.64	Beat
Q3 2026	$0.67	$0.67	Match

Peers

Company overview

IPO dateMay 4, 2007

CEOMilan Galik

Employees3,182

SectorFinancial Services

IndustryInvestment - Banking & Investment Services

CountryUS

ExchangeNASDAQ Global Select

Websitewww.interactivebrokers.com

Interactive Brokers Group, Inc. operates as a sophisticated electronic brokerage, serving clients across the United States and globally. This firm manages the trading, clearing, and settlement for a broad spectrum of financial instruments, including equities, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and digital currencies. Beyond its core brokerage activities, the company provides custodial and administrative account services tailored for various entities such as hedge funds, mutual funds, ETFs, registered investment advisors, proprietary trading desks, introducing brokers, and individual investors. Its suite of services also includes custody solutions, prime brokerage, and financing options like securities lending and margin lending. Interactive Brokers caters to both institutional and individual clientele, utilizing advanced electronic exchanges and market platforms. The company was established in 1977 and maintains its headquarters in Greenwich, Connecticut.

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