Interactive Brokers Group, Inc. (IBKR) Earnings

Interactive Brokers Group, Inc.

IBKR · Nasdaq

Symbol: IBKR
Type: Stock
Sector: Finance
Industry: Security Brokers, Dealers & Flotation Companies
Exchange: Nasdaq

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 125 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron's Best Online Brokers review, February 25, 2019 . We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.

Key Issues

Bullish view

Zacks argues that IBKR's 8.6% monthly slide may offer a buying opportunity, with product expansion and growth forecasts supporting the outlook.

Bearish view

The decline may reflect unresolved concerns that are not addressed in the supplied evidence, and the stock's volatile trading pattern provides no confirmation that the weakness has ended.

Analyst Consensus

See all

Buy

9 analysts

$91

Current

—

Low

$110

Average

—

High

Average target implies +21.25% versus the current price.

Earnings History

BeatMissNo estimate

Sep 2026upcoming

Next quarter

Reports Oct 15, 2026.

Consensus is $0.67 EPS for Sep 2026 across 2 estimates, ranging $0.65 to $0.68.

IBKR Jun 2026

Reported Jul 21, 2026

: 7.81%
: -0.97%

: $0.64
: $0.69
: —
: $760.00M

Reported results

: $760.00M; from $578.00M
: $1.34B; from $1.01B
: $0.69; from $0.51

Highlights

Total net revenues were $1,896 million for the three months ended June 30, 2026, compared with $1,480 million in the same period of 2025.
Net interest income was $1,057 million, up from $860 million, while non-interest income was $839 million versus $620 million a year earlier.
Commissions generated $673 million, other fees and services contributed $87 million, and other income was $79 million.
Net income was $1,338 million, including $1,026 million attributable to noncontrolling interests; net income available to common stockholders was $312 million, or $0.69 diluted earnings per share.
Total non-interest expenses increased to $440 million from $376 million, including $182 million of employee compensation, $142 million of execution, clearing and distribution fees, and $10 million of customer bad debt expense.
Capital spending was $44 million on property, equipment and intangible assets during the first six months of 2026, compared with $30 million in the same period of 2025; no forward guidance ranges were provided in the supplied material.

Analysis

No consensus figures are on file, so the quarter cannot be judged against an external earnings expectation. On the reported results, total net revenues increased to $1,896 million from $1,480 million in the year-ago quarter, with both major income streams contributing. Net interest income rose to $1,057 million from $860 million, while non-interest income reached $839 million from $620 million. Commissions remained the largest disclosed non-interest source at $673 million, compared with $516 million a year earlier. Expenses grew to $440 million from $376 million, led by higher employee compensation, execution and clearing costs, and customer bad debt expense, which rose to $10 million from $1 million. Income before taxes was $1,456 million and net income was $1,338 million, versus $1,104 million and $1,006 million, respectively. Net income available to common stockholders increased to $312 million from $224 million, while diluted EPS rose to $0.69 from $0.51.

Guidance

The supplied filing contains no management outlook for the next quarter, full year, revenue, earnings, margins, subscribers, trading volumes, or capital spending. It therefore provides no ranges to compare with a prior guide and no stated assumptions or caveats for the periods ahead. The only forward-looking information available in the material is the company’s continuing global automated brokerage and clearing operation, which serves more than 170 electronic exchanges and market centers. No management commentary was supplied to indicate whether the reported revenue mix, elevated expense growth, or customer bad debt expense should persist.

What drove it

Net interest income — Net interest income was $1,057 million, compared with $860 million in the year-ago quarter.
Commission revenue — Commissions were $673 million, versus $516 million in the same period of 2025.
Expense growth — Total non-interest expenses increased to $440 million from $376 million.
Customer bad debt — Customer bad debt expense rose to $10 million from $1 million.
Global platform — The company executes and clears trades across more than 170 electronic exchanges and market centers.

Watch items

Customer bad debt expense increased sharply to $10 million from $1 million in the year-ago quarter.
Total non-interest expenses grew to $440 million from $376 million, including employee compensation of $182 million and execution, clearing and distribution fees of $142 million.
Other comprehensive income attributable to common stockholders was a $15 million loss, compared with $79 million of income in the same quarter of 2025, reflecting a negative cumulative translation adjustment.
The supplied material provides no forward guidance ranges, leaving no stated outlook for revenue, earnings, margins, or capital spending.