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IBKRInteractive Brokers Group, Inc.
$75.82$33.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
IBKR logo

Interactive Brokers Group, Inc.

IBKR
NASDAQ · Investment Banks & Brokerages
$75.82
At close - Nov 6, 4:00 PM EST - USD
Market Cap$33.78B
P/E29.2x
52W High$98.75
Volume5.73M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Client-Funded Growth Drives Rate-Sensitive Brokerage Earnings Outlook

IBKR's net interest income rebounded to roughly $1.2B in 2026Q3 with 19.3% year-over-year growth, suggesting client cash and margin balances are carrying the top line more than commissions alone.

GrowthExpanding
ProfitabilityStrong
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

IBKR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+111% Peers

P/E is 111% above peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 15
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Net interest income of $1.2B and an efficiency ratio of 14.8% in 2026Q3, alongside 39.7% fee share, suggest a lean cost base that scales efficiently with client balances.

Analyst Consensus+38.5% target
Buy(19 analysts)
9 Buy9 Hold1 Sell

The Bull Case

Upside Catalysts

Robust Revenue & Earnings Growth

IBKR has delivered a compound annual growth rate of roughly 18% in net revenues, 22% in income before taxes, and 26% in net income over the past five fiscal years. In 2025, the company reported net revenues of $6.205 billion, income before taxes of $4.771 billion, and net income of $984 million.

High Pre‑Tax Margins

The firm consistently maintains pre‑tax margins around 77%, driven by its efficient, automation‑first operating model that keeps costs low while scaling revenue.

Accelerating Client Base & Equity

In February 2026, client accounts grew 31% year‑over‑year and total client equity jumped 40% to $820 billion. By March 2026, accounts reached 4.75 million with equity at $789 billion.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IBKR+13.16%
S&P 500 (^GSPC)+7.63%
1-Year Return
IBKR+9.01%
S&P 500 (^GSPC)+9.69%
3-Year Return
IBKR+279.09%
S&P 500 (^GSPC)+77.96%
5-Year Return
IBKR+317.25%
S&P 500 (^GSPC)+64.76%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
29.2x
Forward P/EExpansion
28.1x
EV/EBITDA40th %ile
2.8x
FCF YieldCash Flow
36.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
29.2x
24.5x
100th· High
EV/EBITDA
2.8x
4.0x
40th· Fair
Price/FCF
2.8x
1.9x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$22.11-70.8%
Base (Fair)$49.37-34.9%
Bull$30.51-59.8%
$22.11 Bear$49.37 Base$30.51 Bull
Current Market Price: $75.82
Trades at a 53.6% premium to Base DCF ($49.37)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$6.01B+17.3% YoY
Net income FY25
$984M+30.3% YoY
Free cash flow FY25
$15.74B+81.5% YoY
Operating margin FY25
146.3%-6.7 pts YoY
ROIC (FY25)24.7%
Avg ROIC 5Y16.9%
ROE (TTM)5.4%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 15, 2026
$0.67+0.3%
vs $0.67
$1.9B+3.0%
vs $1.9B
Q3 2026
Jul 21, 2026
$0.69+7.8%
vs $0.64
$1.9B+5.5%
vs $1.8B
Q2 2026
Apr 21, 2026
$0.60+5.3%
vs $0.57
$1.7B-0.3%
vs $1.7B
Q1 2026
Jan 20, 2026
$0.65+9.2%
vs $0.59
$1.6B+0.3%
vs $1.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·1d ago
IBKR's October DARTs Rebound: Can Client Growth Sustain Momentum?

Interactive Brokers IBKR witnessed a recovery in trading activity in October 2026, with total client Daily Average Revenue Trades (DARTs) increasing 5% sequentially to 4.306 million. However, the metric declined 4% year over year, indicating that trading activity has yet to regain its prior-year momentum.

Zacks Investment Research·3d ago
Interactive Brokers Group, Inc. (IBKR) Is a Trending Stock: Facts to Know Before Betting on It

Interactive Brokers (IBKR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The Motley Fool·3d ago
Interactive Brokers Group vs. Morningstar: Which Financial Stock Is a Better Buy for 2027?

Interactive Brokers Group maintains a highly automated, low-cost trading platform serving 4.4 million global accounts. Morningstar provides essential investment data and research with a robust 15.3% net margin.

The Motley Fool·4d ago
CME vs. Interactive Brokers Group: Which Financial Stock Is a Better Buy for 2027?

CME Group operates a dominant global derivatives marketplace with high net margins. Interactive Brokers Group provides automated trading access to over 175 global markets.

Filtered for Interactive Brokers Group, Inc.More Headlines
04

Compare before deciding

Benchmark IBKR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Interactive Brokers Group, Inc. (IBKR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IBKR logoIBKRInteractive Brokers Group, Inc.Current
$75.82$33.78B29.2417.33%16.84%5.4%0.39%
SCHW logoSCHWThe Charles Schwab Corporation
$91.49$159.11B14.9022.01%38.16%21.29%1.43%
AMTD logoAMTDAMTD IDEA Group
$11.63$2.17M0.079.41%———
RJF logoRJFRaymond James Financial, Inc.
$162.81$31.28B13.4512.27%14.63%23.43%—
LPLA logoLPLALPL Financial Holdings Inc.
$295.51$23.64B16.7536.95%6.97%24.65%0.4%
SNEX logoSNEXStoneX Group Inc.
$54.31$6.46B12.8332.62%0.34%20.18%—

Compare IBKR vs Peers

Interactive Brokers Group, Inc. (IBKR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SCHW

Most directly comparable listed peer for IBKR.

Scale Benchmark

vs MS

Larger-name benchmark to compare IBKR against a more recognizable public peer.

Peer Set

Compare Top 5

vs SCHW, AMTD, RJF, LPLA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

IBKR SEC Filings & Documents

Interactive Brokers Group, Inc. (IBKR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 15, 2026·SEC

Material company update

Jul 31, 2026·SEC

Material company update

Jul 31, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 5, 2026·SEC

FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

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IBKR Frequently Asked Questions

Interactive Brokers Group, Inc. (IBKR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Interactive Brokers Group, Inc. growing?

Interactive Brokers Group, Inc. (IBKR) grew revenue by 21.9% over the trailing twelve months, compared with the twelve months before.

Is IBKR profitable?

Yes. Interactive Brokers Group, Inc. (IBKR) earned $1.18B in net income over the trailing twelve months (a 16.8% net margin).

Dividend & Returns
Does IBKR pay dividends?

Yes. Interactive Brokers Group, Inc. (IBKR) pays a dividend that yields 0.39% at the current price, a small yield.

What is IBKR's return on equity?

Interactive Brokers Group, Inc. (IBKR) had a return on equity (ROE) of 5.4% over the trailing twelve months. That is below the market's typical 10-15%.

Industry Metrics
What is Interactive Brokers Group, Inc.'s net interest margin?

Interactive Brokers Group, Inc. (IBKR) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.

What is Interactive Brokers Group, Inc.'s efficiency ratio?

Interactive Brokers Group, Inc. (IBKR) has an efficiency ratio of 6.5%. This is excellent, indicating strong cost control.

What if you invested $1,000 in IBKR back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →