10-QPeriod: Q2 FY2025

Interactive Brokers Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2025

Filed August 6, 2025For Securities:IBKR

Summary

Interactive Brokers Group, Inc. reported strong financial results for the six months ended June 30, 2025, with total net revenues increasing by 19% year-over-year to $2.9 billion, and net income available for common stockholders growing to $437 million. This growth was driven primarily by a substantial increase in commission revenues, up 31% to $1.03 billion, reflecting higher customer trading volumes across all product types, alongside a notable increase in other income which surged by $125 million year-over-year. The company's robust operational performance is supported by significant growth in customer accounts, up 32% year-over-year, and customer equity, which increased by 34% to $664.6 billion. Despite a general decline in benchmark interest rates globally, Interactive Brokers managed to increase its net interest income by 6% to $1.63 billion, a testament to its expanded customer balances and securities lending activities. The company maintained strong profitability with a pretax profit margin of 74% for the six-month period, underscoring its efficient operational model and technology-driven approach.

Financial Highlights

31 data points
Beta

Revenue

$578.00M

Net Income

$224.00M

38.8% Net Margin

EPS (Diluted)

$0.51

Total Assets

$181.47B

Cash & Equivalents

$4.69B

Free Cash Flow

$7.14B

Financial Statements
Beta
Revenue$578.00M
SG&A Expenses$61.00M
Net Income$224.00M
EPS (Basic)$0.51
EPS (Diluted)$0.51
Shares Outstanding (Basic)438.46M
Shares Outstanding (Diluted)441.44M

Key Highlights

  • 1Total net revenues for the six months ended June 30, 2025, increased 19% to $2.9 billion compared to the prior year.
  • 2Commissions revenue saw a significant 31% increase to $1.03 billion, driven by higher customer trading volumes.
  • 3Net income available for common stockholders rose to $437 million for the first six months of 2025.
  • 4Total customer accounts grew by 32% year-over-year to 3.87 million, with customer equity increasing by 34% to $664.6 billion.
  • 5Net interest income increased by 6% to $1.63 billion, despite declining global interest rates, due to expanded customer balances and securities lending.
  • 6The company maintained a strong pretax profit margin of 74% for the six-month period.
  • 7A substantial $11.8 million settlement was reached with OFAC concerning sanctions compliance, representing a disclosed regulatory matter.

Frequently Asked Questions

The primary driver of revenue growth was a significant increase in commission revenue, which rose by 31% to $1.03 billion, reflecting higher customer trading volumes across all product types. This was complemented by an increase in other income.

Interactive Brokers managed to increase its net interest income by 6% to $1.63 billion through higher average customer credit balances and margin loans, as well as increased securities lending activity. Despite lower benchmark interest rates, the growth in the volume of these activities offset the yield compression.

The company reached a settlement with OFAC for $11.8 million concerning compliance with sanctions regulations. While this represents a financial impact, the company has cooperated with the investigation and the amount is disclosed as part of contingent liabilities.

The company experienced robust growth in its customer base, with total accounts increasing by 32% year-over-year to 3.87 million and customer equity growing by 34% to $664.6 billion. This expansion in customer engagement is a key factor contributing to increased trading volumes and commission revenue.