Interactive Brokers Group, Inc. (IBKR) 10-Year Financial Performance & Capital Metrics

IBKR • • Banking & Credit

Financial ServicesInvestment BankingElectronic Brokerage & Trading PlatformsDigital Trading Platforms

AboutInteractive Brokers Group, Inc. operates as an automated electronic broker in the United States and internationally. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies. It also offers custody and service accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, the company provides custody, prime brokerage, securities, and margin lending services. It serves institutional and individual customers through electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.Show more

Net Interest Income -$4.19B -22.0%
Total Revenue $9.32B +19.6%
Net Income $755M +25.8%
Return on Equity 4.92% +5.4%
Net Interest Margin -2.79% -4.2%
Efficiency Ratio 4.87% +8.1%
ROA 0.54% +10.0%
Equity / Assets 11.05% +0.8%
Book Value per Share 38.07 +14.6%
Tangible BV/Share 37.96 +14.2%
Debt/Equity 0.98 +21.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 36.2%
✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 4.9% efficiency ratio
✓Well capitalized: 11.1% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 4.4%
✗Weak NIM of -2.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.48%

5Y29.35%

3Y46.88%

TTM-

Profit (Net Income) CAGR

10Y32.58%

5Y36.21%

3Y34.83%

TTM31.38%

EPS CAGR

10Y24.56%

5Y26.93%

3Y28.78%

TTM30.22%

ROCE

10Y Avg14.46%

5Y Avg17.67%

3Y Avg23.15%

Latest26.7%

Peer Comparison

Digital Trading Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IBKRInteractive Brokers Group, Inc.	32.81B	73.68	42.59	19.64%	8.1%	4.71%	26.44%	0.98
BULLWWebull Corporation Warrants	424.89M	3.05		0.16%	-5.82%	-1.84%	43.02%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-67M	-79M	-225M	-463M	-643M	-261M	-224M	-1.02B	-3.44B	-4.19B
NII Growth %	0.07%	-0.18%	-1.85%	-1.06%	-0.39%	0.59%	0.14%	-3.54%	-2.38%	-0.22%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	67M	79M	225M	463M	643M	261M	224M	1.02B	3.44B	4.19B
Loan Loss Provision	391M	407M	265M	70M	-104M	357M	411M	-240M	-2.52B	-3.17B
Non-Interest Income+	1.38B	1.38B	1.59B	2.32B	2.57B	2.42B	2.94B	4.19B	7.79B	9.32B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.38B	1.38B	1.59B	2.32B	2.57B	2.42B	2.94B	4.19B	7.79B	9.32B
Revenue Growth %	0.12%	0%	0.15%	0.45%	0.11%	-0.06%	0.21%	0.43%	0.86%	0.2%
Non-Interest Expense	25M	44M	-60M	102M	130M	331M	289M	288M	351M	454M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	895M	851M	1.17B	1.68B	1.9B	1.47B	2.02B	3.13B	6.52B	7.84B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.16%	-0.05%	0.37%	0.44%	0.13%	-0.23%	0.37%	0.55%	1.09%	0.2%
Pretax Income+	458M	761M	1.05B	1.2B	1.16B	1.26B	1.79B	2B	3.07B	3.69B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	43M	62M	256M	71M	68M	77M	151M	156M	257M	288M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	49M	84M	76M	169M	161M	195M	308M	380M	600M	755M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.09%	0.71%	-0.1%	1.22%	-0.05%	0.21%	0.58%	0.23%	0.58%	0.26%
Net Income (Continuing)	415M	699M	793M	1.13B	1.09B	1.18B	1.64B	1.84B	2.81B	3.41B
EPS (Diluted)+	0.20	0.31	0.27	0.57	0.53	0.61	0.81	0.94	1.42	1.73
EPS Growth %	0.01%	0.6%	-0.14%	1.13%	-0.08%	0.15%	0.34%	0.16%	0.51%	0.22%
EPS (Basic)	0.20	0.32	0.27	0.58	0.53	0.61	0.82	0.95	1.43	1.75
Diluted Shares Outstanding	251.28M	269.2M	284.11M	297.06M	307.3M	322.56M	380.04M	405.2M	423.39M	436.01M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.6B	1.93B	1.73B	2.6B	2.88B	4.29B	2.4B	3.44B	3.75B	3.63B
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.99B	2.1B	1.95B	1.93B	1.75B	544M	8.85B	11.17B	12.76B	13.79B
Investments Growth %	-0.03%	0.06%	-0.07%	-0.01%	-0.09%	-0.69%	15.27%	0.26%	0.14%	0.08%
Long-Term Investments	1.99B	2.1B	1.95B	1.93B	1.75B	544M	8.85B	11.17B	12.76B	13.79B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	30M	28M	29M	33M	34M	37M	0	0	0	48M
PP&E (Net)	10M	13M	14M	20M	62M	67M	0	0	0	0
Other Assets	27.3B	30.1B	26.68B	28.1B	34.8B	50.05B	911M	926M	955M	1.07B
Total Current Assets	19.41B	22.43B	32.49B	30.46B	35.03B	44.98B	99.35B	103.04B	114.53B	135.23B
Total Non-Current Assets	29.33B	32.24B	28.67B	30.09B	36.65B	50.7B	9.76B	12.1B	13.72B	14.91B
Total Assets+	48.73B	54.67B	61.16B	60.55B	71.68B	95.68B	109.11B	115.14B	128.25B	150.14B
Asset Growth %	0.12%	0.12%	0.12%	-0.01%	0.18%	0.33%	0.14%	0.06%	0.11%	0.17%
Return on Assets (ROA)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.01%
Accounts Payable	37.59B	42.05B	47.98B	48.44B	56.76B	76.36B	86.68B	94.02B	102.11B	116.48B
Total Debt+	5.79B	4.37B	2.65B	4.05B	3.83B	9.96B	11.8B	8.96B	11.36B	16.26B
Net Debt	4.19B	2.44B	915M	1.46B	952M	5.66B	9.4B	5.52B	7.61B	12.63B
Long-Term Debt	2.89B	4.29B	1.32B	4.04B	1.91B	9.84B	11.77B	8.94B	11.35B	16.25B
Short-Term Debt	2.89B	74M	1.33B	17M	1.93B	118M	27M	18M	17M	14M
Other Liabilities	14M	2.43B	4.08B	852M	3.11B	352M	182M	146M	193M	293M
Total Current Liabilities	40.48B	42.13B	49.33B	48.5B	58.72B	76.49B	86.94B	94.44B	102.64B	117B
Total Non-Current Liabilities	2.91B	6.72B	5.4B	4.89B	5.02B	10.19B	11.95B	9.09B	11.54B	16.54B
Total Liabilities	43.39B	48.85B	54.73B	53.39B	63.74B	86.68B	98.89B	103.53B	114.18B	133.54B
Total Equity+	5.34B	5.82B	6.43B	7.16B	7.94B	9B	10.22B	11.62B	14.07B	16.6B
Equity Growth %	0.03%	0.09%	0.11%	0.11%	0.11%	0.13%	0.14%	0.14%	0.21%	0.18%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.01%	0.02%	0.01%	0.02%	0.02%	0.02%	0.03%	0.03%	0.05%	0.05%
Book Value per Share	21.27	21.62	22.64	24.09	25.84	27.91	26.90	28.66	33.22	38.07
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Additional Paid-in Capital	718M	775M	832M	898M	934M	1.24B	1.44B	1.58B	1.73B	1.82B
Retained Earnings	145M	203M	251M	390M	520M	683M	953M	1.29B	1.85B	2.52B
Accumulated OCI	2M	-2M	9M	-4M	0	26M	4M	-22M	8M	-45M
Treasury Stock	-3M	-3M	-3M	-3M	-3M	-3M	-5M	-6M	-3M	-7M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	725M	635M	1.06B	2.36B	2.67B	8.07B	5.9B	3.97B	4.54B	8.72B
Operating CF Growth %	0.74%	-0.12%	0.68%	1.21%	0.13%	2.03%	-0.27%	-0.33%	0.15%	0.92%
Net Income	415M	699M	793M	1.13B	1.09B	1.18B	1.64B	1.84B	2.81B	3.41B
Depreciation & Amortization	22M	25M	25M	26M	52M	62M	74M	84M	94M	96M
Deferred Taxes	15M	27M	147M	21M	24M	9M	23M	20M	30M	-2M
Other Non-Cash Items	153M	7M	-74M	4M	37M	-20M	20M	15M	-2M	36M
Working Capital Changes	70M	-174M	121M	1.12B	1.4B	6.77B	4.06B	1.92B	1.51B	5.08B
Cash from Investing+	-35M	-6M	-26M	-57M	-89M	-50M	-188M	-67M	-52M	-44M
Purchase of Investments	-16M	-17M	0	-22M	-19M	-5M	-116M	-5M	-26M	-40M
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	11M	38M	2M	1M	4M	5M	5M	7M	23M	45M
Cash from Financing+	-295M	-189M	-374M	-399M	-419M	-229M	-523M	-470M	-624M	-833M
Dividends Paid	-25M	-26M	-28M	-29M	-31M	-32M	-38M	-40M	-42M	-92M
Share Repurchases	-25M	-26M	-21M	-45M	-27M	-17M	-27M	-20M	-34M	-54M
Stock Issued	29M	25M	21M	40M	26M	18M	26M	23M	34M	56M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	-240M	-236M	-287M	-367M	-386M	-300M	-392M	-424M	-581M	-740M
Net Change in Cash+	332M	415M	730M	1.82B	2.18B	7.91B	5.09B	3.32B	3.99B	7.64B
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	1.27B	7.13B	7.55B	8.28B	10.1B	12.28B	20.2B	25.28B	28.6B	32.59B
Cash at End	1.6B	7.55B	8.28B	10.1B	12.28B	20.2B	25.28B	28.6B	32.59B	40.23B
Interest Paid	68M	77M	209M	444M	654M	284M	222M	833M	3.32B	4.19B
Income Taxes Paid	31M	29M	47M	50M	51M	64M	114M	148M	228M	279M
Free Cash Flow+	695M	608M	1.04B	2.32B	2.59B	8.02B	5.82B	3.9B	4.5B	8.68B
FCF Growth %	0.75%	-0.13%	0.71%	1.24%	0.12%	2.09%	-0.27%	-0.33%	0.15%	0.93%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.93%	1.5%	1.24%	2.49%	2.13%	2.3%	3.2%	3.48%	4.67%	4.92%
Return on Assets (ROA)	0.11%	0.16%	0.13%	0.28%	0.24%	0.23%	0.3%	0.34%	0.49%	0.54%
Net Interest Margin	-0.14%	-0.14%	-0.37%	-0.76%	-0.9%	-0.27%	-0.21%	-0.88%	-2.68%	-2.79%
Efficiency Ratio	1.81%	3.19%	-3.76%	4.4%	5.05%	13.68%	9.83%	6.87%	4.51%	4.87%
Equity / Assets	10.97%	10.65%	10.52%	11.82%	11.08%	9.41%	9.37%	10.09%	10.97%	11.05%
Book Value / Share	21.27	21.62	22.64	24.09	25.84	27.91	26.9	28.66	33.22	38.07
NII Growth	6.94%	-17.91%	-184.81%	-105.78%	-38.88%	59.41%	14.18%	-354.46%	-237.52%	-21.97%
Dividend Payout	51.02%	30.95%	36.84%	17.16%	19.25%	16.41%	12.34%	10.53%	7%	12.19%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Commissions	-	-	-	777M	706M	1.11B	1.35B	1.32B	1.36B	1.7B
Commissions Growth	-	-	-	-	-9.14%	57.51%	21.40%	-2.07%	2.87%	24.78%
Risk Exposure Fees	-	-	-	26M	16M	12M	38M	33M	46M	100M
Risk Exposure Fees Growth	-	-	-	-	-38.46%	-25.00%	216.67%	-13.16%	39.39%	117.39%
Market Data Fees	-	-	-	46M	45M	61M	78M	76M	70M	71M
Market Data Fees Growth	-	-	-	-	-2.17%	35.56%	27.87%	-2.56%	-7.89%	1.43%
Payments For Order Flow	-	-	-	21M	21M	27M	40M	37M	31M	45M
Payments For Order Flow Growth	-	-	-	-	0.00%	28.57%	48.15%	-7.50%	-16.22%	45.16%
Others	-	-	-	32M	32M	47M	44M	35M	27M	36M
Others Growth	-	-	-	-	0.00%	46.88%	-6.38%	-20.45%	-22.86%	33.33%
Account Activity Fees	-	-	-	23M	27M	28M	18M	3M	4M	-
Account Activity Fees Growth	-	-	-	-	17.39%	3.70%	-35.71%	-83.33%	33.33%	-
Electronic Brokerage	1.1B	1.24B	1.41B	-	-	-	-	-	-	-
Electronic Brokerage Growth	-	12.94%	13.40%	-	-	-	-	-	-	-
Corporate And Eliminations	-206M	-33M	211M	-	-	-	-	-	-	-
Corporate And Eliminations Growth	-	83.98%	739.39%	-	-	-	-	-	-	-
Market Making	298M	190M	86M	-	-	-	-	-	-	-
Market Making Growth	-	-36.24%	-54.74%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
U [S]	832M	1.05B	1.39B	1.5B	1.52B	1.58B	1.88B	2.12B	3.03B	3.59B
U [S] Growth	-	25.72%	33.17%	7.75%	1.53%	3.94%	18.75%	12.44%	43.17%	18.53%
Non Us	-	350M	309M	402M	413M	634M	833M	952M	1.31B	1.6B
Non Us Growth	-	-	-11.71%	30.10%	2.74%	53.51%	31.39%	14.29%	37.82%	21.65%

Frequently Asked Questions

Valuation & Price

Interactive Brokers Group, Inc. (IBKR) has a price-to-earnings (P/E) ratio of 42.6x. This suggests investors expect higher future growth.

Growth & Financials

Interactive Brokers Group, Inc. (IBKR) grew revenue by 19.6% over the past year. This is strong growth.

Yes, Interactive Brokers Group, Inc. (IBKR) is profitable, generating $917.0M in net income for fiscal year 2024 (8.1% net margin).

Dividend & Returns

Yes, Interactive Brokers Group, Inc. (IBKR) pays a dividend with a yield of 0.29%. This makes it attractive for income-focused investors.

Interactive Brokers Group, Inc. (IBKR) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics

Interactive Brokers Group, Inc. (IBKR) has a net interest margin (NIM) of -2.8%. NIM has been under pressure due to interest rate environment.

Interactive Brokers Group, Inc. (IBKR) has an efficiency ratio of 4.9%. This is excellent, indicating strong cost control.

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