10-K/APeriod: FY2025

Interactive Brokers Group, Inc. Annual Report (Amendment), Year Ended Dec 31, 2025

Filed March 31, 2026For Securities:IBKR

Summary

Interactive Brokers Group, Inc. (IBKR) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2025, on March 31, 2026. The report provides a comprehensive overview of the company's financial performance, risk management, and strategic initiatives. As a leading global online broker, IBKR continues to demonstrate resilience and growth in a dynamic market environment, serving a diverse client base with advanced technology and competitive pricing. Investors should pay close attention to the company's revenue drivers, particularly commissions and interest income, as well as its expense management and regulatory compliance efforts. The filing also details the competitive landscape and potential headwinds, offering insights into the company's outlook for the upcoming fiscal year.

Financial Highlights

33 data points
Beta

Revenue

$2.44B

Net Income

$984.00M

40.3% Net Margin

EPS (Diluted)

$2.22

Total Assets

$203.24B

Cash & Equivalents

$4.96B

Free Cash Flow

$15.81B

Financial Statements
Beta
Revenue$2.44B
SG&A Expenses$247.00M
Net Income$984.00M
EPS (Basic)$2.23
EPS (Diluted)$2.22
Shares Outstanding (Basic)440.93M
Shares Outstanding (Diluted)443.86M

Key Highlights

  • 1Robust revenue growth driven by increased client trading volumes and higher average balances, leading to strong commission and net interest income.
  • 2Expansion of client base across various regions and demographics, indicating successful market penetration and client acquisition strategies.
  • 3Continued investment in technology and platform enhancements, reinforcing IBKR's competitive edge in providing efficient and low-cost trading services.
  • 4Effective cost management, with operating expenses largely in line with revenue growth, contributing to healthy profitability margins.
  • 5Strong capital position and regulatory compliance, underscoring the company's financial stability and adherence to industry standards.
  • 6Diversification of revenue streams, with a growing contribution from fixed income trading and other product offerings.
  • 7Resilience in market volatility, showcasing the platform's ability to handle increased trading activity and support client needs during active market periods.

Frequently Asked Questions

Revenue growth was primarily driven by an increase in client trading volumes across various asset classes and a higher average balance of client cash and margin balances, which boosted both commission revenue and net interest income. The company's ability to attract and retain a growing global client base also played a significant role.

Interactive Brokers has maintained a disciplined approach to cost management. Operating expenses have grown at a rate that is largely commensurate with revenue growth. This efficiency is a result of ongoing investments in technology that automate processes and the company's scalable business model, enabling profitable expansion.

Key risks and challenges include intense competition in the online brokerage industry, regulatory changes and compliance requirements, cybersecurity threats, geopolitical instability, and macroeconomic factors such as interest rate fluctuations and economic downturns. The company also faces risks associated with technological failures and operational disruptions.

While the 10-K filing does not provide specific forward-looking guidance, the report suggests a continued focus on platform innovation, client acquisition, and expansion into new markets. The company's robust technology, diversified offerings, and strong financial position indicate an intention to capitalize on opportunities and navigate market challenges effectively.