Interactive Brokers
Automated global broker for multi-asset execution, clearing, custody and margin lending.
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Profile
Provides automated execution, clearing, custody, prime brokerage, and margin and securities lending to individual and institutional customers worldwide. Revenue comes mainly from interest earned on customer cash and margin loans and from trading commissions, supported by a proprietary platform spanning many markets and asset classes.
Executes, clears and settles trades for individual investors, advisers, hedge and mutual funds, proprietary trading firms and introducing brokers through a single global brokerage segment. Trader Workstation, IBKR Desktop, mobile apps and APIs provide access to stocks, options, futures, forex, bonds, funds, precious metals, cryptocurrencies and forecast contracts across more than 170 electronic exchanges and market centers.
Earns primarily from net interest on customer cash and margin loans and from trading commissions, while also providing custody, prime brokerage and securities lending. Proprietary order routing, clearing and real-time risk systems automate the trade lifecycle and support low transaction and financing costs across U.S. and international markets. Results depend on interest rates and customer trading activity; operations depend on reliable electronic market access, clearing relationships and licenses across heavily regulated jurisdictions.
Company facts
Categories
Key statistics
Year to date +42.5% · Average volume (30d) 4.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 26, 2026 | Raymond James | Initiate | Market Perform | ||
| Jul 22, 2026 | BMO Capital | Reiterate | Outperform | $82 | $110 |
| Jul 22, 2026 | Piper Sandler | Target | $105 | $109 | |
| Jul 22, 2026 | Barclays | Reiterate | Overweight | $108 | $114 |
| Jul 15, 2026 | Piper Sandler | Reiterate | Overweight | $80 | $105 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $0.64 | $0.69 | +7.8% | $1.80B | $1.90B | +5.5% | −0.97% |
| Apr 21, 2026Q1 FY26 | $0.57 | $0.60 | +5.3% | $1.69B | $1.68B | −0.3% | −1.90% |
| Jan 20, 2026Q4 FY25 | $0.60 | $0.65 | +9.2% | $1.64B | $1.64B | +0.3% | +6.00% |
| Oct 16, 2025Q3 FY25 | $0.54 | $0.57 | +5.2% | $1.53B | $1.57B | +2.8% | −3.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $2.47B | $2.70B | $2.75B | $2.70B | $2.95B | |
| Gross profit | $2.04B | $2.19B | $2.46B | $2.51B | $2.60B | $2.81B | |
| Operating income | $1.94B | $2.09B | $2.36B | $2.41B | $2.36B | $2.55B | |
| Net income | $213.0M | $224.0M | $263.0M | $284.0M | $267.0M | $312.0M | |
| Diluted EPS | $0.49 | $0.51 | $0.59 | $0.63 | $0.59 | $0.69 | |
| Gross margin | 88.1% | 88.7% | 90.8% | 91.1% | 96.1% | 95.2% | |
| Operating margin | 83.9% | 84.8% | 87.2% | 87.5% | 87.3% | 86.4% |
Fiscal years (4-quarter sums)FY21 $2.94B · FY22 $4.19B · FY23 $7.79B · FY24 $9.32B · FY25 $10.23B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $107.23B · Total debt $45.42B · Total assets $247.31B · Shareholders' equity $5.90B
Dividends
Raised for 14 straight years — most recently to $0.0875 from $0.08 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 12 | $0.0875 | raised from $0.08 |
| Feb 27, 2026 | Feb 27 | Mar 13 | $0.08 | |
| Dec 1, 2025 | Dec 1 | Dec 12 | $0.08 | |
| Aug 29, 2025 | Sep 1 | Sep 12 | $0.08 | |
| May 30, 2025 | May 30 | Jun 13 | $0.32 | raised from $0.25 |
| Feb 28, 2025 | Feb 28 | Mar 14 | $0.25 | |
| Nov 29, 2024 | Nov 29 | Dec 13 | $0.25 | |
| Aug 30, 2024 | Aug 30 | Sep 13 | $0.25 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 445.48M · Float 435.03M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 33.13M | 7.44% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 28.35M | 6.36% | 13F | Aug 13, 2026 |
| State Street Corp | 19.44M | 4.36% | 13F | Aug 7, 2026 |
| FMR LLC | 11.83M | 2.66% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 10.64M | 2.39% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Lori A. Conkling | director | +25 | $87.03 |
| Jul 1, 2026 | Lori A. Conkling | director | +25 | $88.03 |
| Jun 1, 2026 | Lori A. Conkling | director | +25 | $86.10 |
| May 1, 2026 | Lori A. Conkling | director | +25 | $79.64 |
| Apr 28, 2026 | Lawrence E. Harris | director | −26,000 | $76.93 |
Peers
- Charles Schwab
Dominant US broker; thinkorswim platform and ~40% RIA custody share.
- Robinhood Markets
Commission-free broker expanding into futures, options, and active trading.
- Futu (ADR)
Moomoo platform; tech-driven global broker across Asia-Pacific and beyond.
- StoneX Group
Largest non-bank US FCM; competes on futures, FX, and introducing brokers.
- Tiger Brokers (ADR)
Tiger Brokers platform; Singapore multi-market broker for global investors.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| Charles Schwab | $110.05 | −0.09% | $191.58B | 20.0 | 15.2 | 6.4 | +20.9% |
| Robinhood Markets | $104.06 | −0.14% | $93.74B | 45.9 | 44.4 | 22.5 | +32.3% |
| Futu (ADR) | $124.15 | −0.05% | $17.34B | 12.3 | 11.5 | 5.2 | +35.7% |
| StoneX Group | $68.64 | 0.00% | $8.16B | 11.9 | 16.5 | 0.1 | +43.3% |
| Tiger Brokers (ADR) | $5.05 | +0.10% | $901.5M | 8.4 | 7.2 | 1.3 | +31.4% |
| Median | 12.3 | 15.2 | 5.2 | +32.3% |