Interactive Brokers : Q1 2026 Press Release

Published: 2026-04-21 16:06:12 ET IBKR

Published on 04/21/2026 at 04:06 pm EDT

- - -

GREENWICH, CT, April 21, 2026 - Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global broker, announced results for the quarter ended March 31, 2026.

Reported diluted earnings per share were $0.59 for the current quarter and $0.60 as adjusted. For the year-ago quarter, reported diluted earnings per share2 were $0.48 and $0.47 as adjusted.

Reported net revenues were $1.67 billion for the current quarter and $1.68 billion as adjusted. For the year-ago quarter, reported net revenues were $1.43 billion and $1.40 billion as adjusted.

Reported income before income taxes was $1.29 billion for the current quarter and $1.30 billion as adjusted. For the year-ago quarter, reported income before income taxes was $1.06 billion and $1.02 billion as adjusted.

(All comparisons are to the year-ago quarter.)

Commission revenue increased 19% to $613 million on higher customer trading volumes. Customer trading volume in stocks, futures and options increased 25%, 20% and 16%, respectively.

Net interest income increased 17% to $904 million primarily on higher average customer margin loans and customer credit balances.

Other fees and services increased 10% to $86 million, led by increases of $2 million in payments for order flow from exchange-mandated programs, $2 million in FDIC sweep fees and $2 million in market data fees, partially offset by a decrease of $3 million in risk exposure fees.

Execution, clearing and distribution fees decreased 12% to $106 million, driven by lower regulatory fees, as the SEC Section 31 transaction fee rate was reduced to zero on May 14, 2025, and greater capture of liquidity rebates from certain exchanges due to higher trading volumes in stocks and options.

Pretax profit margin for the current quarter was 77% both as reported and as adjusted. For the year-ago quarter, pretax margin was 74% as reported and 73% as adjusted.

Total equity of $21.3 billion.

The Interactive Brokers Group, Inc. Board of Directors declared an increase in the quarterly cash dividend from $0.08 per share to $0.0875 per share. This dividend is payable on June 12, 2026, to shareholders of record as of June 1, 2026.

‌1 See the reconciliation of non-GAAP financial measures starting on page 10.

‌2 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025.

(All comparisons are to the year-ago quarter.)

Customer accounts increased 31% to 4.75 million.

Customer equity increased 38% to $789.4 billion.

Total DARTs3 increased 24% to 4.37 million.

Customer credits increased 35% to $168.8 billion.

Customer margin loans increased 35% to $86.0 billion.

In connection with our currency diversification strategy, we base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. In this quarter, our currency diversification strategy decreased our comprehensive earnings by $53 million, as the U.S. dollar value of the GLOBAL decreased by approximately 0.30%. The effects of the currency diversification strategy are reported as components of (1) Other Income (gain of $26 million) and (2) Other Comprehensive Income (loss of $79 million).

Interactive Brokers Group, Inc. will hold a conference call with investors today, April 21, 2026, at 4:30 p.m. ET to discuss its quarterly results. Members of the public who would like to listen to the conference call should register at https://register-conf.media-server.com/register/BId7ec48739d1242b89129de85d8d31b91 to obtain the dial-in details. The number should be dialed approximately ten minutes prior to the start of the conference call. The conference call will also be accessible simultaneously, and through replays, as an audio webcast through the Investor Relations section of the Interactive Brokers web site, www.interactivebrokers.com/ir.

Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 170 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others.

‌3 Daily average revenue trades (DARTs) are based on customer orders.

The foregoing information contains certain forward-looking statements that reflect the Company's current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the Company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company's financial results may be found in the Company's filings with the Securities and Exchange Commission.

Three Months

Ended March 31,

2026

2025

(in millions, except share and per share data)

Revenues:

Commissions

613

514

Other fees and services

Other income

Total non-interest income

765

657

Interest income

1,947

1,718

Interest expense

(1,043

)

(948

)

Total net interest income

904

770

Total net revenues

1,669

1,427

Non-interest expenses:

Execution, clearing and distribution fees

106

121

Employee compensation and benefits

167

154

Occupancy, depreciation and amortization

Communications

General and administrative

Customer bad debt

Total non-interest expenses

381

372

Income before income taxes

1,288

1,055

Income tax expense

117

Net income

1,171

964

Net income attributable to noncontrolling interests

904

751

Net income available for common stockholders

267

213

Earnings per share1:

Basic

0.60

0.49

Diluted

0.59

0.48

Weighted average common shares outstanding1:

Basic

445,448,291

435,693,524

Diluted

448,369,291

439,462,964

1 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025.

Three Months

Ended March 31,

2026

2025

(in millions, except share and per share data)

Comprehensive income:

Net income available for common stockholders

267

213

Other comprehensive income:

Cumulative translation adjustment, before income taxes

(21

)

Income taxes related to items of other comprehensive income

Other comprehensive income (loss), net of tax

(21

)

Comprehensive income available for common stockholders

246

241

Comprehensive earnings per share1:

Basic

0.55

Diluted

0.55

Weighted average common shares outstanding1:

Basic

445,448,291

435,693,524

Diluted

448,369,291

439,462,964

Comprehensive income attributable to noncontrolling interests:

Net income attributable to noncontrolling interests

904

751

Other comprehensive income - cumulative translation adjustment

(58

)

Comprehensive income attributable to noncontrolling interests

846

830

1 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025.

March 31,

2026

December 31,

2025

(in millions)

Assets

Cash and cash equivalents

5,085

4,963

Cash - segregated for regulatory purposes

53,414

50,332

Securities - segregated for regulatory purposes

41,889

26,521

Securities borrowed

10,798

11,589

Securities purchased under agreements to resell

9,948

7,117

Financial instruments owned, at fair value

3,452

4,982

Receivables from customers, net of allowance for credit losses

86,544

90,475

Receivables from brokers, dealers and clearing organizations

5,405

5,161

Other assets

2,214

2,100

Total assets

218,749

203,240

Liabilities and equity

Liabilities

Short-term borrowings

Securities loaned

32,016

24,751

Financial instruments sold but not yet purchased, at fair value

514

740

Other payables:

Customers

162,959

154,336

Brokers, dealers and clearing organizations

664

1,566

Other payables

1,324

1,356

164,947

157,258

Total liabilities

197,489

182,768

Equity

Stockholders' equity

5,585

5,363

Noncontrolling interests

15,675

15,109

Total equity

21,260

20,472

Total liabilities and equity

218,749

203,240

March 31, 2026

December 31, 2025

Ownership of IBG LLC Membership Interests

Interests

IBG, Inc.

445,616,326

26.3%

445,612,825

26.3%

Noncontrolling interests (IBG Holdings LLC)

1,250,737,416

73.7%

1,250,737,416

73.7%

Total IBG LLC membership interests

1,696,353,742

100.0%

1,696,350,241

100.0%

EXECUTED ORDER VOLUMES:

(in 000's, except %)

Customer

Principal

Total

Period

Orders

Change

Orders

Change

Orders

Change

2023

483,015

29,712

512,727

2024

661,666

37%

63,348

113%

725,014

41%

2025

915,616

38%

121,972

93%

1,037,588

43%

1Q2025

211,148

28,393

239,541

1Q2026

266,419

26%

42,010

48%

308,429

29%

4Q2025

254,690

34,548

289,238

1Q2026

266,419

42,010

22%

308,429

CONTRACT AND SHARE VOLUMES:

(in 000's, except %)

TOTAL

Options

Futures1

Stocks

Period

(contracts)

Change

(contracts)

Change

(shares)

Change

2023

1,020,736

209,034

252,742,847

2024

1,344,855

32%

218,327

307,489,711

22%

2025

1,668,228

24%

241,631

11%

421,707,895

37%

1Q2025

383,998

61,869

93,934,241

1Q2026

440,997

15%

74,257

20%

116,935,449

24%

4Q2025

462,656

63,258

112,072,352

1Q2026

440,997

(5%)

74,257

17%

116,935,449

CUSTOMER

Options

Futures1

Stocks

Period

(contracts)

Change

(contracts)

Change

(shares)

Change

2023

981,172

206,073

248,588,960

2024

1,290,770

32%

214,864

302,040,873

22%

2025

1,623,384

26%

240,120

12%

417,457,770

38%

1Q2025

369,931

61,381

92,763,867

1Q2026

428,653

16%

73,705

20%

115,790,614

25%

4Q2025

452,869

62,884

111,109,596

1Q2026

428,653

(5%)

73,705

17%

115,790,614

PRINCIPAL

Options

Futures1

Stocks

Period

(contracts)

Change

(contracts)

Change

(shares)

Change

2023

39,564

2,961

4,153,887

2024

54,085

37%

3,463

17%

5,448,838

31%

2025

44,844

(17%)

1,511

(56%)

4,250,125

(22%)

1Q2025

14,067

488

1,170,374

1Q2026

12,344

(12%)

552

13%

1,144,835

(2%)

4Q2025

9,787

374

962,756

1Q2026

12,344

26%

552

48%

1,144,835

19%

1 Includes options on futures.

Year over Year

1Q2026

1Q2025

% Change

Total Accounts (in thousands)

4,754

3,616

31%

Customer Equity (in billions)1

789.4

573.5

38%

Total Customer DARTs (in thousands)

4,368

3,519

24%

Cleared Customers

Commission per Cleared Commissionable Order2

2.69

2.76

(3%)

Cleared Avg. DARTs per Account (Annualized)

205

220

(7%)

Consecutive Quarters

1Q2026

4Q2025

% Change

Total Accounts (in thousands)

4,754

4,399

Customer Equity (in billions)1

789.4

779.9

Total Customer DARTs (in thousands)

4,368

4,043

Cleared Customers

Commission per Cleared Commissionable Order2

2.69

2.64

Cleared Avg. DARTs per Account (Annualized)

205

203

1 Excludes non-Customers.

2 Commissionable Order - a customer order that generates commissions.

Three Months

Ended March 31,

2026

2025

(in millions)

Average interest-earning assets

Segregated cash and securities

84,052

67,044

Customer margin loans

89,206

64,363

Securities borrowed

8,943

4,871

Other interest-earning assets

17,036

12,456

FDIC sweeps1

6,298

4,785

205,535

153,519

Average interest-bearing liabilities

Customer credit balances

157,352

118,022

Securities loaned

25,568

16,137

Other interest-bearing liabilities

194

183,114

134,225

Net interest income

Segregated cash and securities, net

683

663

Customer margin loans2

905

775

Securities borrowed and loaned, net

Customer credit balances, net2

(864

)

(817

)

Other net interest income1/3

196

163

Net interest income3

953

794

Net interest margin ("NIM")

1.88

2.10

Annualized yields

Segregated cash and securities

3.30

4.01

Customer margin loans

4.11

4.88

Customer credit balances

2.23

2.81

1 Represents the average amount of customer cash swept into FDIC-insured banks as part of our Insured Bank Deposit Sweep Program. This item is not recorded in the Company's consolidated statements of financial condition. Income derived from program deposits is reported in other net interest income in the table above.

2 Interest income and interest expense on customer margin loans and customer credit balances, respectively, are calculated on daily cash balances within each customer's account on a net basis, which may result in an offset of balances across multiple account segments (e.g., between securities and commodities segments).

3 Includes income from financial instruments that has the same characteristics as interest but is reported in other fees and services and other income in the Company's consolidated statements of comprehensive income. For the three months ended March 31, 2026 and 2025, $11 million and $8 million were reported in other fees and services, respectively. For the three months ended March 31, 2026 and 2025, $38 million and $16 million were reported in other income, respectively.

Three Months

Ended March 31,

2026

2025

Adjusted net revenues1 (in millions)

Net revenues - GAAP

1,669

1,427

Non-GAAP adjustments

Currency diversification strategy, net

(26

)

(20

)

Mark-to-market on investments2

(11

)

Total non-GAAP adjustments

(31

)

Adjusted net revenues

1,680

1,396

Adjusted income before income taxes1 (in millions)

Income before income taxes - GAAP

1,288

1,055

Non-GAAP adjustments

Currency diversification strategy, net

(26

)

(20

)

Mark-to-market on investments2

(11

)

Total non-GAAP adjustments

(31

)

Adjusted income before income taxes

1,299

1,024

Adjusted pre-tax profit margin

Adjusted net income available for common stockholders1 (in millions)

Net income available for common stockholders - GAAP

267

213

Non-GAAP adjustments

Currency diversification strategy, net

)

Mark-to-market on investments2

)

Income tax effect of above adjustments3

)

Total non-GAAP adjustments5

)

Adjusted net income available for common stockholders5

269

207

Adjusted diluted EPS1/4 (in dollars, except share amounts)

Diluted EPS - GAAP

0.59

0.48

Non-GAAP adjustments

Currency diversification strategy, net

(0.02

)

(0.01

)

Mark-to-market on investments2

0.02

(0.01

)

Income tax effect of above adjustments3

(0.00

)

0.01

Total non-GAAP adjustments5

0.00

(0.01

)

Adjusted diluted EPS5

0.60

0.47

Diluted weighted average common shares outstanding

448,369,291

439,462,964

1 Adjusted net revenues, adjusted income before income taxes, adjusted net income available for common stockholders and adjusted diluted earnings per share ("EPS") are non-GAAP financial measures.

We define adjusted net revenues as net revenues adjusted to remove the effect of our currency diversification strategy and our net mark-to-market gains (losses) on investments2.

We define adjusted income before income taxes as income before income taxes adjusted to remove the effect of our currency diversification strategy and our net mark-to-market gains (losses) on investments.

We define adjusted net income available to common stockholders as net income available for common stockholders adjusted to remove the after-tax effects attributable to IBG, Inc. of our currency diversification strategy and our net mark-to-market gains (losses) on investments.

We define adjusted diluted EPS as adjusted net income available for common stockholders divided by the diluted weighted average number of shares outstanding for the period.

Management believes these non-GAAP items are important measures of our financial performance because they exclude certain items that may not be indicative of our core operating results and business outlook and may be useful to investors and analysts in evaluating the operating performance of the business and facilitating a meaningful comparison of our results in the current period to those in prior and future periods. Our currency diversification strategy and our mark-to-market on investments are excluded because management does not believe they are indicative of our underlying core business performance. Adjusted net revenues, adjusted income before income taxes, adjusted net income available to common stockholders and adjusted diluted EPS should be considered in addition to, rather than as a substitute for, GAAP net revenues, income before income taxes, net income attributable to common stockholders and diluted EPS.

2 Mark-to-market on investments represents the net mark-to-market gains (losses) on investments in equity securities that do not qualify for equity method accounting, which are measured at fair value; on our U.S. government and municipal securities portfolios, which are typically held to maturity; and on certain other investments.

3 The income tax effect is estimated using the statutory income tax rates applicable to the Company.

4 Prior period share and per share amounts have been retroactively adjusted to reflect the four-for-one forward stock split, effected in the form of a stock dividend, on June 17, 2025.

5 Amounts may not add due to rounding.

Disclaimer

Interactive Brokers Group Inc. published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 20:05 UTC.