IBKR
Interactive Brokers Group, Inc.
Price as of Jul 20, 2026
IBKR earnings
Interactive Brokers Group, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $0.57 | $0.60 | +5.3% | $1.7B | -0.3% |
| Jan 20, 2026 | $0.59 | $0.65 | +9.2% | $2.7B | +67.7% |
| Oct 16, 2025 | $0.54 | $0.57 | +5.2% | $2.8B | +82.7% |
| Jul 17, 2025 | $0.47 | $0.51 | +8.2% | $2.5B | +79.7% |
| Apr 15, 2025 | $0.48 | $0.47 | -2.3% | $1.4B | +1.3% |
| Jan 21, 2025 | $0.46 | $0.51 | +10.3% | $1.4B | +2.4% |
| Oct 15, 2024 | $0.46 | $0.44 | -3.8% | $1.4B | +2.1% |
| Jul 16, 2024 | $0.43 | $0.44 | +1.1% | $1.3B | -1.8% |
| Apr 16, 2024 | $0.41 | $0.41 | +0.6% | $1.2B | +0.0% |
| Jan 16, 2024 | $0.38 | $0.38 | +0.0% | $1.1B | +0.2% |
| Oct 17, 2023 | $0.37 | $0.39 | +5.4% | $1.2B | +4.6% |
| Jul 18, 2023 | $0.35 | $0.33 | -5.7% | $1.1B | -0.2% |
Earnings call summary
Q1 FY2026 · April 21, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Markets had strong Jan but declined in Feb-March; S&P 500 down 5%. • Strong interest from investors in opening/funding accounts; client engagement healthy, trading activity up, risk exposure fees increased. • Incorporated AI across organization: investment themes/connections, expanded international company coverage, enhanced Ask IBKR tool, expanded AI-powered chatbot, applied AI to automate processes. • Commission revenue and net revenues at record levels; disciplined on expenses; pretax margin 77%. • Introducing broker pipeline strong; hedge fund segment's High Touch Prime Brokerage gaining traction; new product introductions in crypto and prediction markets; client outperformance campaign. • Revenue items: commissions up 19%, net interest income up 17%, other fees and services up 10%; expenses: execution, clearing and distribution costs down 12%, compensation and benefits expense ratio 10%, G&A expenses up on advertising. • Balance sheet strong: total assets up 39%, no long-term debt, firm equity up 23%; total customer DARTs up 24%, net interest income affected by rate changes.
Guidance
• Estimate 25 basis point decrease in benchmark Fed funds rate would reduce annual net interest income by $80 million; 25 basis point decrease in all relevant non-USD benchmark rates would reduce annual net interest income by $35 million. • Business strategy continues to be effective, automating brokerage business, improving and expanding offerings while minimizing charges.
Segment performance
Stocks, options and futures all delivered double-digit year-over-year growth. Futures contract volumes increased 20% to a quarterly record. New accounts drove higher clients' uninvested cash balances up 35% YOY to $169 billion. Client equity rose 38% to $789 billion. Quarterly commission revenue and total net revenues reached record levels. Pretax profit margin was 77%, sixth consecutive quarter above 70%.
Analyst Q&A
Q: Last week, the SEC eliminated the Pattern Day Trader rule. Thoughts on strategic opportunity here and account growth?
A: Milan Galik said the change broadens retail access, increases trading frequency/engagement, disciplined participants may grow accounts faster, increased volatility offsets some effects.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-21.