Full text
Earnings transcript
Read the complete earnings call transcript.
IBKR
Interactive Brokers Group, Inc.
$90.63
-1.11
(-1.21%)
| Exchange: | NASDAQ |
| Market Cap: | 156.612B |
| Shares Outstanding: | 40.019M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Investment – Banking & Investment Services | |||||
| CEO: | Milan Galik | |||||
| Full Time Employees: | 3182 | |||||
| Address: |
| |||||
| Website: | https://www.interactivebrokers.com |
Interactive Brokers Group, Inc. operates as a sophisticated electronic brokerage, serving clients across the United States and globally. This firm manages the trading, clearing, and settlement for a broad spectrum of financial instruments, including equities, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and digital currencies. Beyond its core brokerage activities, the company provides custodial and administrative account services tailored for various entities such as hedge funds, mutual funds, ETFs, registered investment advisors, proprietary trading desks, introducing brokers, and individual investors. Its suite of services also includes custody solutions, prime brokerage, and financing options like securities lending and margin lending. Interactive Brokers caters to both institutional and individual clientele, utilizing advanced electronic exchanges and market platforms. The company was established in 1977 and maintains its headquarters in Greenwich, Connecticut.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 7,787,000 | 9,316,000 | 10,232,000 |
| Gross Profit | 6,874,000 | 8,295,000 | 9,186,000 |
| EBITDA | 6,604,000 | 7,987,000 | 9,087,000 |
| Operating Income | 6,523,000 | 7,841,000 | 8,798,000 |
| Net Income | 600,000 | 755,000 | 984,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 128,251,000 | 150,142,000 | 203,240,000 |
| Total Liabilities | 114,184,000 | 133,545,000 | 182,768,000 |
| Total Stockholders Equity | 3,584,000 | 4,280,000 | 5,363,000 |
| Total Debt | 11,364,000 | 16,262,000 | 19,000 |
| Cash and Cash Equivalents | 3,753,000 | 3,633,000 | 4,963,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 4,544,000 | 8,724,000 | 15,811,000 |
| Capital Expenditure | -49,000 | -49,000 | -67,000 |
| Free Cash Flow | 4,495,000 | 8,675,000 | 15,744,000 |
| Net Income | 600,000 | 3,407,000 | 4,357,000 |
| Net Change in Cash | 3,990,000 | 7,640,000 | 15,062,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 10,073,421.628 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 10,971,352.088 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 10,489,605.663 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 8,150,764.282 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 8,877,311.804 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 8,487,513.610 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,658,701.377 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,853,321.348 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,748,905.976 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 434,853.662 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 473,615.898 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 452,819.668 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.900 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.140 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.700 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 2 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Company maintains diversified revenue streams across product categories and geographic regions, supporting resilience in financial services operations.
- Positive indicators in key metrics such as return on equity (ROE) and return on invested capital (ROIC) reflect efficient capital utilization.
- Strong liquidity position evidenced by current ratio and quick ratio metrics, enabling operational flexibility.
Log in with Research Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates IBKR intrinsic value between $413.84 – $1,171.04 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about IBKR valuation
Is Interactive Brokers Group, Inc. (IBKR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Interactive Brokers Group, Inc. (IBKR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is IBKR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether IBKR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is IBKR’s P/E ratio?
You can see IBKR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for IBKR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is IBKR a good long-term investment?
Whether IBKR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
IBKR
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-1.21
Trading Metrics:
| Open: | 92.84 | Previous Close: | 91.74 | |
| Day Low: | 89.69 | Day High: | 94.26 | |
| Year Low: | 58.95 | Year High: | 97.84 | |
| Price Avg 50: | 89.93 | Price Avg 200: | 75.55 | |
| Volume: | 2.188M | Average Volume: | 4.836M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeIBKR full analysis
Hey everyone, welcome back to another deep-dive stock analysis. Today we're breaking down Interactive Brokers, the sophisticated electronic brokerage that's been quietly building serious momentum in the financial services space. Interactive Brokers has carved out a strong position as a technology-driven platform serving both retail and institutional clients worldwide. With trading activity surging and interest income staying resilient, the stock has caught plenty of attention lately. Let's unpack what the numbers and the business tell us about its long-term potential.…
