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Earnings transcript
Read the complete earnings call transcript.
IBKR
Interactive Brokers Group, Inc.
$67.74
-0.17
(-0.25%)
| Exchange: | NASDAQ |
| Market Cap: | 117.045B |
| Shares Outstanding: | 40.019M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Investment – Banking & Investment Services | |||||
| CEO: | Milan Galik | |||||
| Full Time Employees: | 3027 | |||||
| Address: |
| |||||
| Website: | https://www.interactivebrokers.com |
Interactive Brokers Group, Inc. operates as an automated electronic broker in the United States and internationally. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies. It also offers custody and service accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, the company provides custody, prime brokerage, securities, and margin lending services. It serves institutional and individual customers through electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 9,495,563.756 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 9,991,510.398 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 9,709,342.565 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 7,683,198.892 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 8,084,486.987 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 7,856,174.942 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,547,787.476 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,653,591.232 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,593,393.624 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 409,908.453 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 431,317.684 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 419,136.945 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.560 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.690 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.460 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: IBKR demonstrates strong revenue and net income growth as per recent income statements, supported by consistent operating cash flow and free cash flow figures from cash flow statements. This indicates a solid financial foundation and operational efficiency.
- High Profit Margins: Key metrics reveal impressive gross profit margin and net profit margin TTM, positioning IBKR favorably within the financial services industry. This reflects effective cost management and profitability compared to industry peers.
- Low Debt Levels: The debt-to-equity ratio TTM from key metrics is relatively low, suggesting a conservative approach to leverage and a strong balance sheet with significant total stockholders' equity as per balance sheet data.
- Technological Leadership: As inferred from the company description and industry positioning, IBKR's focus on technology-driven brokerage services provides a competitive edge in the capital markets sector, catering to a tech-savvy investor base.
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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.
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
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Daily snapshot
-0.25
Trading Metrics:
| Open: | 66.13 | Previous Close: | 67.91 | |
| Day Low: | 65.4 | Day High: | 68.88 | |
| Year Low: | Year High: | |||
| Price Avg 50: | Price Avg 200: | |||
| Volume: | Average Volume: |
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