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IBKRInteractive Brokers Group, Inc.
$91.56$40.8B
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 Banking
$91.56
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$40.79B
P/E41.2x
52W High$98.70
Volume3.43M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fee-Driven Growth Offsets NII Volatility Risk

Interactive Brokers exhibits accelerating growth driven by robust client inflows, with total assets surging 13.1% quarter-over-quarter to $247.3B in 2026Q2 and fee income comprising 100% of revenue. The company's exceptionally low efficiency ratio of 8.8% and ...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsHealthy
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

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+102% Peers

P/E is 102% above peer median

03

Market leadership

RS 75 · Avg

Average momentum (RS Rating: 75)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 21
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

Revenue growth is accelerating with EPS up 35.3% year-over-year to $0.69 in 2026Q2, though net interest income volatility (swinging from -$1.2B to $904M) and a 8.8% efficiency ratio suggest earnings quality increasingly relies on fee income and provision reversals.

Analyst Consensus+19.7% target
Buy(19 analysts)
10 Buy8 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 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IBKR+36.57%
S&P 500 (^GSPC)+12.39%
1-Year Return
IBKR+40.32%
S&P 500 (^GSPC)+15.77%
3-Year Return
IBKR+320.18%
S&P 500 (^GSPC)+76.71%
5-Year Return
IBKR+495.21%
S&P 500 (^GSPC)+65.50%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
41.2x
Forward P/EExpansion
33.9x
EV/EBITDA80th %ile
4.0x
FCF YieldCash Flow
38.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
41.2x
24.5x
100th· High
EV/EBITDA
4.0x
4.0x
80th· High
Price/FCF
2.6x
1.9x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$22.18-75.8%
Base (Fair)$51.25-43.5%
Bull$30.67-66.5%
$22.18 Bear$51.25 Base$30.67 Bull
Current Market Price: $91.56
Trades at a 78.7% premium to Base DCF ($51.25)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$6.01B+17.3% YoY
Net income
$984M+30.3% YoY
Free cash flow
$15.74B+81.5% YoY
Operating margin
86%+1.8 pts YoY
ROIC (TTM)24.7%
Avg ROIC 5Y-
ROE (TTM)5.3%
Piotroski Score6 / 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 Rate5/12 (45%)
Revenue Beat Rate6/12 (55%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Feb 27, 2026
$0.63
vs —
$2.7B
vs —
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

5 Stories
Zacks Investment Research·1d ago
Is First Trust Large Cap Growth AlphaDEX ETF (FTC) a Strong ETF Right Now?

The First Trust Large Cap Growth AlphaDEX ETF (FTC) was launched on 05/08/2007, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.

The Motley Fool·3d ago
Interactive Brokers Stock Turned $10,000 Into About $110,000 in a Decade. The Customer Base Grew Even Faster.

A $10,000 investment in Interactive Brokers at the end of September 2016 is worth about $110,000 today with dividends reinvested. Customer accounts have grown from 370,000 at the end of September 2016 to 5.46 million as of August.

MarketBeat·4d ago
Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike

What a difference a year makes. In fall 2025, markets expected 2026 to bring rate cuts.

Zacks Investment Research·5d ago
Fed Turns Hawkish Again: 3 Stocks to Buy Amid Higher Rates

Fed's rate hike and higher 2026 rate forecast put the focus on Goldman Sachs, Interactive Brokers and Talos Energy.

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
$91.56$40.79B41.2417.33%9.62%5.31%0.33%
SCHW logoSCHWThe Charles Schwab Corporation
$99.50$173.04B21.3522.01%33.62%20.4%—
AMTD logoAMTDAMTD IDEA Group
$0.72$5.44M0.255.81%100.3%12.95%—
RJF logoRJFRaymond James Financial, Inc.
$158.23$30.4B15.3611.28%13.62%17.43%—
LPLA logoLPLALPL Financial Holdings Inc.
$302.47$24.19B27.7036.95%5.13%18.45%—
SNEX logoSNEXStoneX Group Inc.
$67.78$8.06B17.2532.62%0.33%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

Jul 31, 2026·SEC

Material company update

Jul 31, 2026·SEC

Material company update

Jul 21, 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

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 5, 2025·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 17.3% over the past year. This is strong growth.

Is IBKR profitable?

Yes, Interactive Brokers Group, Inc. (IBKR) is profitable, generating $1.13B in net income for fiscal year 2025 (9.6% net margin).

Dividend & Returns
Does IBKR pay dividends?

Yes, Interactive Brokers Group, Inc. (IBKR) pays a dividend with a yield of 0.33%. This makes it attractive for income-focused investors.

What is IBKR's return on equity?

Interactive Brokers Group, Inc. (IBKR) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.

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 3.8%. 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 →