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How Interactive Brokers (IBKR) makes money: Q3 2026 revenue breakdown
The quarter in brief
Revenue grew 15.6% y/y to $1.91B, pre-tax margin 78.2% vs 79.3%, net income $314M (+19.4% y/y).
Key growth driver: Revenue growth of +16% y/y — the report gives no segment split, so the driver is the whole business. · by the Q3 2026 report
Net income available for common stockholders
$314M
up 19.4% y/y
Total net revenues
$1,914M
up 15.6% y/y
Next report
not announced yet
How does Interactive Brokers make money?
Interactive Brokers brought in $1.91 billion of revenue in Q3 2026, up 15.6% year over year. The largest source was Total net interest income: $1.15 billion, or 60% of the total, followed by Total non-interest income ($760M, 40%). Net income for the quarter was $314 million, up 19.4% year over year.
Revenue by source, Q3 2026
- Total net interest income$1.15B · 60% · +19.3%
- Total non-interest income$760M · 40% · +10.5%
Shares of $1.91B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total net interest income | $1,154 · +19.3% |
| Total non-interest income | $760 · +10.5% |
| Total net revenues | $1,914 · +15.6% |
| Total non-interest expenses | $418 · +21.9% |
| Income before income taxes | $1,496 · +14.0% · 78.2% margin |
| Income tax expense | $148 · +17.5% · 9.9% effective rate |
| Net income attributable to noncontrolling interests | $1,034 · +12.0% |
| Net income available for common stockholders | $314 · +19.4% · $0.69/sh · 16.4% margin |
Verdict: revenue grew 15.6% y/y to $1.91B, pre-tax margin 78.2% vs 79.3%, net income $314M (+19.4% y/y).
Diluted EPS $0.69 vs $0.59 a year earlier ($0.67 as adjusted); pretax profit margin 78% vs 79%; customer accounts up 35% to 5.58 million, customer equity up 27% to $964.7 billion; quarterly dividend raised from $0.0875 to $0.15.
Source and notation
Source: Interactive Brokers earnings release, 8-K EX-99 of 10/15/2026 (SEC EDGAR). Financial-services layout: net revenues as reported (for brokers, after interest expense); expenses by line of the income statement lead to pre-tax income. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; SEC XBRL for this quarter is not published yet, so the XBRL check is pending.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Net interest income rose 19% to $1.15 billion, primarily on higher average customer margin loans (up 36% to $105.2 billion at quarter-end) and customer credit balances (up 20% to $186.2 billion).
- Commission revenue increased 12% to $602 million on 18% higher daily average revenue trades (DARTs).
- Execution, clearing and distribution fees increased 46% to $134 million, mainly on a $30 million increase in regulatory fees due to a higher SEC Section 31 fee rate.
- Most of the net income belongs to noncontrolling interests: IBG Holdings LLC holds 73.4% of the membership interests of the operating company IBG LLC and IBG, Inc. holds 26.6%, so only $314M of the $1,348M went to IBKR common stockholders.
- Pre-tax income was $1.50B, a 78.2% margin vs 79.3% a year earlier.
- The effective tax rate was 9.9% vs 9.6% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Milan GalikChief Executive Officer and President [1]
- Paul J. BrodyChief Financial Officer, Treasurer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
Interactive Brokers Group, Inc. is an American multinational brokerage and financial services company headquartered in Greenwich, Connecticut. · Text: Wikipedia, CC BY-SA 4.0, abridged
Through its subsidiaries, it provides automated trade execution and custody services for stocks, options, futures, foreign exchange, bonds, funds and other products on electronic markets worldwide. Its services include direct market access, clearing, securities lending, margin lending and prime brokerage.
Company guidance
Same quarter a year ago (ended December 31, 2025): revenue $1.643B, EPS (GAAP) $0.64
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
IBKR earnings history: past report dates
| Jul 21, 2026 Tue | 4:11 pmafter market close | Jun 30, 2026 | $1.9B+28% y/y | $0.69+35% y/y |
| Apr 21, 2026 Tue | 4:02 pmafter market close | Mar 31, 2026 | $1.7B+17% y/y | $0.59+23% y/y |
| Jan 20, 2026 Tue | 4:02 pmafter market close | Dec 31, 2025 | ≈$1.6B+18% y/y | ≈$0.64+28% y/y |
| Oct 16, 2025 Thu | 4:01 pmafter market close | Sep 30, 2025 | $1.7B+21% y/y | $0.59+40% y/y |
| Jul 17, 2025 Thu | 4:01 pmafter market close | Jun 30, 2025 | $1.5B+20% y/y | $0.51+24% y/y |
| Apr 15, 2025 Tue | 4:02 pmafter market close | Mar 31, 2025 | $1.4B+19% y/y | $0.48+20% y/y |
| Jan 21, 2025 Tue | 4:02 pmafter market close | Dec 31, 2024 | ≈$1.4B+22% y/y | ≈$0.50+35% y/y |
| Oct 15, 2024 Tue | 4:02 pmafter market close | Sep 30, 2024 | $1.4B+19% y/y | $0.42+8% y/y |
| Jul 16, 2024 Tue | 4:01 pmafter market close | Jun 30, 2024 | $1.2B+23% y/y | $0.41+37% y/y |
| Apr 16, 2024 Tue | 4:01 pmafter market close | Mar 31, 2024 | $1.2B+14% y/y | $0.40+11% y/y |
| Jan 16, 2024 Tue | 4:01 pmafter market close | Dec 31, 2023 | ≈$1.1B+17% y/y | ≈$0.37+12% y/y |
| Oct 17, 2023 Tue | 4:01 pmafter market close | Sep 30, 2023 | $1.1B+45% y/y | $0.39+63% y/y |
| Jul 18, 2023 Tue | 4:01 pmafter market close | Jun 30, 2023 | $1.0B+52% y/y | $0.30+67% y/y |
| Apr 18, 2023 Tue | 4:01 pmafter market close | Mar 31, 2023 | $1.1B+64% y/y | $0.36+89% y/y |
| Jan 17, 2023 Tue | 4:02 pmafter market close | Dec 31, 2022 | ≈$976M+62% y/y | ≈$0.33+94% y/y |
| Oct 18, 2022 Tue | 4:03 pmafter market close | Sep 30, 2022 | $790M+70% y/y | $0.24+118% y/y |
| Jul 19, 2022 Tue | 4:01 pmafter market close | Jun 30, 2022 | $656M−13% y/y | $0.18−28% y/y |
| Apr 19, 2022 Tue | 4:05 pmafter market close | Mar 31, 2022 | $645M−28% y/y | $0.19−34% y/y |
| Jan 18, 2022 Tue | 4:02 pmafter market close | Dec 31, 2021 | ≈$603M+1% y/y | ≈$0.17−19% y/y |
| Oct 19, 2021 Tue | 4:01 pmafter market close | Sep 30, 2021 | $464M−15% y/y | $0.11−21% y/y |
| Jul 20, 2021 Tue | 4:02 pmafter market close | Jun 30, 2021 | $754M+40% y/y | $0.25+150% y/y |
| Apr 20, 2021 Tue | 4:02 pmafter market close | Mar 31, 2021 | $893M+68% y/y | $0.29+93% y/y |
| Jan 19, 2021 Tue | 4:02 pmafter market close | Dec 31, 2020 | ≈$599M+20% y/y | ≈$0.21+40% y/y |
| Oct 20, 2020 Tue | 4:02 pmafter market close | Sep 30, 2020 | $548M+18% y/y | $0.14+27% y/y |
| Jul 21, 2020 Tue | 4:00 pmafter market close | Jun 30, 2020 | $539M+31% y/y | $0.10−9% y/y |
| Apr 21, 2020 Tue | 4:05 pmafter market close | Mar 31, 2020 | $532M−5% y/y | $0.15−6% y/y |
| Jan 21, 2020 Tue | 4:03 pmafter market close | Dec 31, 2019 | ≈$500M+2% y/y | ≈$0.15+7% y/y |
| Oct 15, 2019 Tue | 4:02 pmafter market close | Sep 30, 2019 | $466M+6% y/y | $0.11−15% y/y |
| Jul 16, 2019 Tue | 4:02 pmafter market close | Jun 30, 2019 | $413M−7% y/y | $0.11−21% y/y |
| Apr 16, 2019 Tue | 4:01 pmafter market close | Mar 31, 2019 | $558M+6% y/y | $0.16+0% y/y |
| Jan 22, 2019 Tue | 4:02 pmafter market close | Dec 31, 2018 | ≈$492M−4% y/y | ≈$0.14 |
| Oct 16, 2018 Tue | 4:02 pmafter market close | Sep 30, 2018 | $439M+3% y/y | $0.13+18% y/y |
| Jul 17, 2018 Tue | 4:01 pmafter market close | Jun 30, 2018 | $445M+15% y/y | $0.14+75% y/y |
| Apr 17, 2018 Tue | 4:01 pmafter market close | Mar 31, 2018 | $527M+41% y/y | $0.16+78% y/y |
| Jan 16, 2018 Tue | 4:02 pmafter market close | Dec 31, 2017 | ≈$515M+167% y/y | ≈−$0.01 |
| Oct 17, 2017 Tue | 4:05 pmafter market close | Sep 30, 2017 | $426M+23% y/y | $0.11+38% y/y |
| Jul 18, 2017 Tue | 5:29 pmafter market close | Jun 30, 2017 | $387M+5% y/y | $0.08−20% y/y |
| Apr 18, 2017 Tue | 4:01 pmafter market close | Mar 31, 2017 | $374M−24% y/y | $0.09−31% y/y |
| Jan 17, 2017 Tue | 4:02 pmafter market close | Dec 31, 2016 | ≈$193M−29% y/y | ≈$0.01−86% y/y |
| Oct 18, 2016 Tue | 4:01 pmafter market close | Sep 30, 2016 | $345M−4% y/y | $0.08−11% y/y |
| Jul 19, 2016 Tue | 4:01 pmafter market close | Jun 30, 2016 | $369M−5% y/y | $0.10+11% y/y |
| Apr 19, 2016 Tue | 4:02 pmafter market close | Mar 31, 2016 | $489M+161% y/y | $0.13 |
| Jan 19, 2016 Tue | 4:02 pmafter market close | Dec 31, 2015 | ≈$271M+18% y/y | ≈$0.07+133% y/y |
| Oct 20, 2015 Tue | 4:01 pmafter market close | Sep 30, 2015 | $359M+83% y/y | $0.09+800% y/y |
| Jul 21, 2015 Tue | 4:01 pmafter market close | Jun 30, 2015 | $387M+21% y/y | $0.09+29% y/y |
| Apr 21, 2015 Tue | 4:01 pmafter market close | Mar 31, 2015 | $187M−49% y/y | −$0.05 |
| Jan 20, 2015 Tue | 4:04 pmafter market close | Dec 31, 2014 | ≈$229M−13% y/y | ≈$0.03+200% y/y |
| Oct 21, 2014 Tue | 4:02 pmafter market close | Sep 30, 2014 | $196M−42% y/y | $0.01−88% y/y |
| Jul 15, 2014 Tue | 4:00 pmafter market close | Jun 30, 2014 | $321M+8% y/y | $0.07+40% y/y |
| Apr 15, 2014 Tue | 4:01 pmafter market close | Mar 31, 2014 | $369M+61% y/y | $0.09+125% y/y |
| Jan 21, 2014 Tue | 4:00 pmafter market close | Dec 31, 2013 | ≈$263M+1% y/y | ≈$0.01−80% y/y |
| Oct 15, 2013 Tue | 4:01 pmafter market close | Sep 30, 2013 | $338M+2% y/y | $0.08+14% y/y |
| Jul 16, 2013 Tue | 4:01 pmafter market close | Jun 30, 2013 | $298M+7% y/y | $0.05+25% y/y |
| Apr 16, 2013 Tue | 4:01 pmafter market close | Mar 31, 2013 | $229M−29% y/y | $0.04−43% y/y |
| Jan 15, 2013 Tue | 4:02 pmafter market close | Dec 31, 2012 | ≈$260M−21% y/y | ≈$0.05−29% y/y |
| Oct 16, 2012 Tue | 4:01 pmafter market close | Sep 30, 2012 | $333M−19% y/y | $0.07−42% y/y |
| Jul 17, 2012 Tue | 4:00 pmafter market close | Jun 30, 2012 | $277M−14% y/y | $0.04−33% y/y |
| Apr 19, 2012 Thu | 4:01 pmafter market close | Mar 31, 2012 | $323M−16% y/y | $0.07−30% y/y |
| Jan 19, 2012 Thu | 4:01 pmafter market close | Dec 31, 2011 | ≈$329M | ≈$0.07 |
| Oct 20, 2011 Thu | 4:01 pmafter market close | Sep 30, 2011 | $409M | $0.12 |
| Jul 21, 2011 Thu | 4:02 pmafter market close | Jun 30, 2011 | $321M | $0.06 |
| Apr 21, 2011 Thu | 8:32 ambefore market open | Mar 31, 2011 | $386M | $0.10 |
Show all 62 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Interactive Brokers: 15-year financials
| 2025 | 6,205 | 984 | 134 |
| 2024 | 5,185 | 755 | 92 |
| 2023 | 4,340 | 600 | 42 |
| 2022 | 3,067 | 380 | 40 |
| 2021 | 2,714 | 308 | 38 |
| 2020 | 2,218 | 195 | 32 |
| 2019 | 1,937 | 161 | 31 |
| 2018 | 1,903 | 169 | 29 |
| 2017 | 1,702 | 76 | 28 |
| 2016 | 1,396 | 84 | 26 |
| 2015 | 1,189 | 49 | 25 |
| 2014 | 1,043 | 44.5 | 23 |
| 2013 | 1,128 | 37 | 20 |
| 2012 | 1,193 | 41.8 | 66.3 |
| 2011 | 1,445 | 61.9 | 13.5 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $5.9B (2.4% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies with revenue growth 10 years in a row · S&P 500 companies that paid dividends 10 years without a gap
Interactive Brokers (IBKR) earnings: FAQ
How does Interactive Brokers make money?
Interactive Brokers brought in $1.91 billion of revenue in Q3 2026, up 15.6% year over year. The largest source was Total net interest income: $1.15 billion, or 60% of the total, followed by Total non-interest income ($760M, 40%). Net income for the quarter was $314 million, up 19.4% year over year.
When is IBKR's next earnings date?
We have not yet seen an announcement of the date from Interactive Brokers (IBKR). Based on last year's report on Jan 20, 2026, the next report is expected around Jan 19, 2027.
What time does IBKR report earnings?
Interactive Brokers usually reports after market close: its latest results release was filed with the SEC at 4:01 pm ET on Oct 15, 2026.
When did IBKR last report earnings?
Interactive Brokers reported Q3 2026 results on Oct 15, 2026.
Where can I find Interactive Brokers's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to IBKR's filings; this page breaks the latest report down in a Sankey chart.
What was IBKR's net income in Q3 2026?
Interactive Brokers reported net income of $314M for Q3 2026 (+19.4% year over year), under US GAAP.
Does Interactive Brokers pay dividends?
Yes. In 2025, Interactive Brokers paid $134M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Interactive Brokers's revenue changed since 2011?
Per its 10-K filings, revenue grew 4.3x: $1,445M in 2011 and $6,205M in 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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