Sep 2026 (Q3 FY26) — Oct 15, 2026
Interactive Brokers Q3 FY26 — Record Pretax Profit and Increased Dividend Amidst Strong Account Growth
Read the full callInteractive Brokers (IBKR) earnings
- Jun 2026
- Sep 2026 (Q3 FY26)
- Dec 2025
Interactive Brokers earnings: last reported Thu, 15 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 760 | +31.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
9 of 9 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Cryptocurrency trading for European Union / EEA clients | Offer cryptocurrency trading to customers in the European Union | Dec 2024 | We also began offering cryptocurrencies throughout Europe | Achieved |
| Headcount and compensation expense growth | Similar to 2025: about 6% headcount growth and about 10% compensation growth | Dec 2025 | Our headcount at June 30 was 3,265 | On Track |
| Cryptocurrency staking for clients | Add staking later in 2025 | Jun 2025 | the other thing that we need to work on is the staking... And our partner, Zero Hash is working on that capability. And as soon as they have it, we're going to integrate it into our offering | Delayed |
8 of Interactive Brokers Group, Inc.'s 17 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 14 more targets are in the full ledger.
Claimed
- Achieved record pretax profit and a 78% pretax margin, marking the eighth consecutive quarter above 70%.
- Account growth exceeded 30%, driven by strong interest from both institutional and individual investors globally.
- Commissions rose 12% year-over-year to $602 million, exceeding $600 million for the third consecutive quarter.
- Net interest income increased 19% year-over-year to over $1.1 billion, bolstered by higher balances and margin borrowing.
- Increased the annual dividend from $0.35 to $0.60 per year, signaling confidence in the business model and capital base.
Qualified
- S&P 500 gains masked narrow market breadth, with the 10 largest U.S. technology stocks representing nearly 40% of the index's total value.
- Stock share volumes were down 24% year-over-year, primarily due to lower activity in low-priced stocks.
- Options volumes were down slightly compared to the prior year.
- Overall trading activity was somewhat slower versus the second quarter, with trading activity per account dipping to its lowest level in some time, broadly across customer segments.
Price
$81.35 −1.62% · −$1.34
Performance +22.8% 1Y
1Y: $66.23 on 17 Oct 2025 → $81.35. High $98.19 (25 Aug 2026), low $61.05 (21 Nov 2025).
- Previous close
- $82.69
- 52-week range
- $61.05 – $98.19
- One year
- +21.53%
Overview
- Symbol
- IBKR
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
9 of 9 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Cryptocurrency trading for European Union / EEA clients | Offer cryptocurrency trading to customers in the European Union | Dec 2024 | We also began offering cryptocurrencies throughout Europe | Achieved |
| Headcount and compensation expense growth | Similar to 2025: about 6% headcount growth and about 10% compensation growth | Dec 2025 | Our headcount at June 30 was 3,265 | On Track |
| Cryptocurrency staking for clients | Add staking later in 2025 | Jun 2025 | the other thing that we need to work on is the staking... And our partner, Zero Hash is working on that capability. And as soon as they have it, we're going to integrate it into our offering | Delayed |
Claimed
- Achieved record pretax profit and a 78% pretax margin, marking the eighth consecutive quarter above 70%.
- Account growth exceeded 30%, driven by strong interest from both institutional and individual investors globally.
- Commissions rose 12% year-over-year to $602 million, exceeding $600 million for the third consecutive quarter.
- Net interest income increased 19% year-over-year to over $1.1 billion, bolstered by higher balances and margin borrowing.
- Increased the annual dividend from $0.35 to $0.60 per year, signaling confidence in the business model and capital base.
Qualified
- S&P 500 gains masked narrow market breadth, with the 10 largest U.S. technology stocks representing nearly 40% of the index's total value.
- Stock share volumes were down 24% year-over-year, primarily due to lower activity in low-priced stocks.
- Options volumes were down slightly compared to the prior year.
- Overall trading activity was somewhat slower versus the second quarter, with trading activity per account dipping to its lowest level in some time, broadly across customer segments.
The full ledger
Open Interactive Brokers Group, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 17 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 21, 2026
Interactive Brokers Group Q2 FY26 — Record Revenues and Strong Account Growth
Read the full callMar 2026 (Q1 FY26) — Apr 21, 2026
Interactive Brokers Group Q1 FY26 — Record Revenues and Strong Account Growth
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
Interactive Brokers earnings calls (IBKR)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 507 | 558 | 592 | 578 | 603 | 667 | 699 | 760 |
| Profit before tax | 909 | 1,040 | 1,055 | 1,104 | 1,312 | 1,300 | 1,288 | 1,456 |
| Tax rate | 8.3% | 6.8% | 8.6% | 8.9% | 9.6% | 7.6% | 9.1% | 8.1% |
| EPS ($ per share) | 0.42 | — | 0.49 | 0.51 | 0.59 | — | 0.60 | 0.70 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 390 | 520 | 683 | 953 | 1,294 | 1,852 | 2,515 | 3,365 |
| Total liabilities | 53,391 | 63,736 | 86,676 | 98,891 | 103,528 | 114,184 | 133,545 | 182,768 |
| Fixed assets | 20 | 62 | 67 | 85 | 93 | 81 | 59 | 60 |
| Total assets | 60,547 | 71,676 | 95,679 | 109,113 | 115,143 | 128,251 | 150,142 | 203,240 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,356 | 2,666 | 8,068 | 5,896 | 3,968 | 4,544 | 8,724 | 15,811 |
| Cash from investing | -57 | -89 | -50 | -188 | -67 | -52 | -44 | -171 |
| Cash from financing | -399 | -419 | -229 | -523 | -470 | -624 | -833 | -969 |
| Net cash flow | 1,821 | 2,182 | 7,913 | 5,088 | 3,320 | 3,990 | 7,640 | 15,062 |
IBKR revenue by segment
Commissions grew from 86% to 89% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Commissions | 86% | 85% | 87% | 89% | 89% | 87% | 88% | 89% | +30.4% |
| Risk Exposure Fees | 5% | 6% | 5% | 3% | 2% | 3% | 4% | 3% | +47.1% |
| Market Data Fees | 4% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | +15.0% |
| Payments For Order Flow | 2% | 2% | 2% | 2% | 2% | 3% | 2% | 2% | +100.0% |
| Others | 2% | 2% | 2% | 1% | 2% | 3% | 2% | 1% | +57.1% |
| Fdic Sweep Fees | 1% | 1% | 1% | 2% | 2% | 2% | 1% | 1% | +11.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
IBKR operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Employees | 3,087As always, we remain focused on expense discipline as reflected in our moderate staff increase of 5% over the prior year, and our headcount at June 30 was 3,087.Source: earnings call transcript | 3,131Our head count at September 30 was 3,131.Source: earnings call transcript | 3,182Our head count at December 31 was 3,182.Source: earnings call transcript | 3,232Our head count at March 31 was 3,232.Source: earnings call transcript | 3,265Our headcount at June 30 was 3,265.Source: earnings call transcript | 3,286Our head count at September 30 was 3,286.Source: earnings call transcript | +0.6% |
| Customer DARTs | 3.6MOn Page 7, you can see that total customer DARTs were 3.6 million trades per day, up 49% from the prior year and strong in all product classes.Source: earnings call transcript | 3.6MOn Page 7, you can see that total customer DARTs were 3.6 million trades per day, up 34% from the prior year, strong in options and stocks.Source: earnings call transcript | 4MOn Page 7, you can see that total customer DARTs were at 4 million trades per day, in the quarter, up 30% from the prior year.Source: earnings call transcript | 4.4MOn Page 7, you can see that total customer DARTs were 4.4 million trades per day in the quarter, up 24% from the prior year.Source: earnings call transcript | 4.8MOn Page 7, you can see that total customer DARTs were 4.8 million trades per day in the quarter, up 36% from the prior year and commission cleared commissionable order of $2.64 and was off slightly from last year.Source: earnings call transcript | 4.3MOn Page 7, you can see the total customer DARTs were 4.3 million trades per day in the quarter, up 18% from the prior year.Source: earnings call transcript | -10.4% |
| Commission per cleared commissionable order | $2.65Commission per cleared commissionable order of $2.65 was down from last year, primarily due to the elimination of the SEC fee mid-quarter and the performance of our Smart Order Router, leading to the capture of higher exchange rebates, which as pass-throughs, served to lower both our commission revenues and our execution and clearing costs.Source: earnings call transcript | $2.7Commission per clear commissionable order of $2.70 was down from last year, primarily due to the elimination of the SEC fee and the performance of our smart order router, leading to the capture of higher exchange rebates and minimizing exchange costs, which as pass-throughs, serve to lower both our commission revenues and our execution and clearing costs.Source: earnings call transcript | $2.64Commission per cleared commissionable order of $2.64 was down from last year, primarily due to a mix of smaller average order sizes in stocks and futures and slightly higher in options.Source: earnings call transcript | $2.59Commission per clear commissionable order of $2.59 was up slightly from last year when the full SEC fee rate was being charged.Source: earnings call transcript | $2.64On Page 7, you can see that total customer DARTs were 4.8 million trades per day in the quarter, up 36% from the prior year and commission cleared commissionable order of $2.64 and was off slightly from last year.Source: earnings call transcript | $2.59Admission per cleared commission order of $2.59 was down 4% from last year on smaller order sizes across product types.Source: earnings call transcript | -1.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 60% ↓ 2 pt
- Non Us 40% ↑ 2 pt
As IBKR cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
56 filings between Oct 23, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$46.5K
10 purchases by 2 insiders
Sales
$36.49M
14 sales by 2 insiders
Compensation
not trading decisions- 26
- Award — granted as compensation
- 5
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Nemser Earl H | — | $30.73M | Jan 27, 2026 |
| Harris Lawrence E | — | $5.77M | Apr 28, 2026 |
| Bright Jill | $26.4K | — | Oct 23, 2025 |
| Conkling Lori A | $20.1K | — | Oct 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $2.1K |
| Sep 1, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $2.4K |
| Aug 3, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $2.2K |
| Jul 31, 2026 | Nemser Earl H Vice Chairman | Award | 803,568 | $70.71M |
| Jul 1, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $2.2K |
| Jun 1, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $2.2K |
| May 8, 2026 | Galik Milan Chief Executive Officer | Tax withheld | 255,039 | $21.53M |
| May 8, 2026 | Nemser Earl H Vice Chairman | Tax withheld | 22,486 | $1.90M |
| May 8, 2026 | Frank Thomas AJ Executive Vice President | Tax withheld | 31,730 | $2.68M |
| May 8, 2026 | Mendonca Denis Chief Accounting Officer | Tax withheld | 11,157 | $941.9K |
| May 8, 2026 | Brody Paul Jonathan Chief Financial Officer | Tax withheld | 82,920 | $7.00M |
| May 1, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $2.0K |
| Apr 28, 2026 | Harris Lawrence E Director | Sale | 26,000 | $2.00M |
| Apr 1, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $1.7K |
| Mar 2, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 25 | $1.7K |
| Feb 25, 2026 | Conkling Lori A Director | Purchase 10b5-1 plan | 50 | $3.7K |
| Jan 27, 2026 | Nemser Earl H Vice Chairman | Sale | 20,469 | $1.55M |
| Jan 27, 2026 | Nemser Earl H Vice Chairman | Sale | 39,731 | $2.98M |
| Jan 26, 2026 | Nemser Earl H Vice Chairman | Sale | 30,817 | $2.36M |
| Jan 26, 2026 | Nemser Earl H Vice Chairman | Sale | 60,882 | $4.62M |
| Jan 26, 2026 | Nemser Earl H Vice Chairman | Sale | 3,101 | $241.8K |
| Jan 23, 2026 | Nemser Earl H Vice Chairman | Sale | 84,935 | $6.60M |
| Jan 23, 2026 | Nemser Earl H Vice Chairman | Sale | 60,065 | $4.69M |
| Jan 22, 2026 | Nemser Earl H Vice Chairman | Sale | 100,000 | $7.68M |
| Jan 1, 2026 | Peterffy William Director | Award | 389 | $25.0K |
| Jan 1, 2026 | Nemser Earl H Vice Chairman | Award | 389 | $25.0K |
| Jan 1, 2026 | Brody Paul Jonathan Chief Financial Officer | Award | 389 | $25.0K |
| Jan 1, 2026 | Galik Milan Chief Executive Officer | Award | 389 | $25.0K |
| Jan 1, 2026 | Conkling Lori A Director | Award | 389 | $25.0K |
| Jan 1, 2026 | Harris Lawrence E Director | Award | 389 | $25.0K |
| Jan 1, 2026 | Yuen Nicole Director | Award | 389 | $25.0K |
| Jan 1, 2026 | Repetto Richard H Director | Award | 389 | $25.0K |
| Jan 1, 2026 | Bright Jill Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Conkling Lori A Director | Award | 389 | $0 |
| Dec 31, 2025 | Peterffy William Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Brody Paul Jonathan Chief Financial Officer | Award | 53,452 | $0 |
| Dec 31, 2025 | Repetto Richard H Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Nemser Earl H Vice Chairman | Award | 389 | $25.0K |
| Dec 31, 2025 | Nemser Earl H Vice Chairman | Award | 23,240 | $0 |
| Dec 31, 2025 | Mendonca Denis Chief Accounting Officer | Award | 11,156 | $0 |
| Dec 31, 2025 | Yuen Nicole Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Harris Lawrence E Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Bright Jill Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Galik Milan Chief Executive Officer | Award | 389 | $25.0K |
| Dec 31, 2025 | Galik Milan Chief Executive Officer | Award | 224,650 | $0 |
| Dec 31, 2025 | Brody Paul Jonathan Chief Financial Officer | Award | 389 | $25.0K |
| Dec 31, 2025 | Conkling Lori A Director | Award | 389 | $25.0K |
| Dec 31, 2025 | Conkling Lori A Director | Award | 1,167 | $0 |
| Dec 31, 2025 | Frank Thomas AJ Executive Vice President | Award | 13,944 | $0 |
| Dec 29, 2025 | Galik Milan Chief Executive Officer | Other | 895,688 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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