Interactive Brokers Group, Inc. (IBKR) Earnings
Interactive Brokers Group, Inc. is expected to report next earnings on July 16, 2026 (in NaN days), with a consensus EPS estimate of $0.59. IBKR has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +7.0% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
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.