INTERACTIVE BROKERS GROUP ANNOUNCES 3Q2026 RESULTS
— — —
GAAP DILUTED EPS OF $0.69, ADJUSTED1 EPS OF $0.67
GAAP NET REVENUES OF $1.91 BILLION, ADJUSTED NET REVENUES OF $1.87 BILLION
RAISES QUARTERLY DIVIDEND FROM $0.0875 TO $0.15
GREENWICH, CT, October 15, 2026 — Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global broker, announced results for the quarter ended September 30, 2026.
Reported diluted earnings per share were $0.69 for the current quarter and $0.67 as adjusted. For the year-ago quarter, reported diluted earnings per share were $0.59 and $0.57 as adjusted.
Reported net revenues were $1.91 billion for the current quarter and $1.87 billion as adjusted. For the year-ago quarter, reported net revenues were $1.66 billion and $1.61 billion as adjusted.
Reported income before income taxes was $1.50 billion for the current quarter and $1.45 billion as adjusted. For the year-ago quarter, reported income before income taxes were $1.31 billion and $1.27 billion as adjusted.
Financial Highlights
(All comparisons are to the year-ago quarter.)
•
Commission revenue increased 12% to $602 million on 18% higher DARTs2 and higher regulatory fees, which are passed through to customers. Customer trading volume in futures increased 13%, while stocks and options volumes decreased 24% and 1%, respectively.
•
Net interest income increased 19% to $1.15 billion, primarily on higher average customer margin loans and customer credit balances.
•
Other fees and services increased 33% to $88 million, led by increases of $11 million in risk exposure fees, $3 million in payments for order flow from exchange-mandated programs, and $3 million in market data fees.
•
Execution, clearing and distribution fees increased 46% to $134 million, mainly driven by a $30 million increase in regulatory fees due to a higher SEC Section 31 transaction fee rate.
•
Pretax profit margin for the current quarter was 78% both as reported and as adjusted. For the year-ago quarter, pretax margin was 79% both as reported and as adjusted.
•
Total equity of $23.3 billion.
The Interactive Brokers Group, Inc. Board of Directors declared an increase in the quarterly cash dividend from $0.0875 per share to $0.15 per share. This dividend is payable on December 14, 2026, to shareholders of record as of December 1, 2026.
1 See the reconciliation of non-GAAP financial measures starting on page 11.
2 Daily average revenue trades (DARTs) are based on customer orders.
1
Business Highlights
(All comparisons are to the year-ago quarter.)
•
Customer accounts increased 35% to 5.58 million.
•
Customer equity increased 27% to $964.7 billion.
•
Total DARTs increased 18% to 4.27 million.
•
Customer credits increased 20% to $186.2 billion.
•
Customer margin loans increased 36% to $105.2 billion.
Other Items
Other income decreased 18% to $70 million. This decrease is comprised mainly of $50 million from our investing activities; partially offset by an increase of $36 million from our currency diversification strategy.
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 $4 million, as the U.S. dollar value of the GLOBAL decreased by approximately 0.08%. The effects of the currency diversification strategy are reported as components of (1) Other Income (gain of $40 million) and (2) Other Comprehensive Income (loss of $44 million).
Conference Call Information:
Interactive Brokers Group, Inc. will hold a conference call with investors today, October 15, 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/BIb1b909eee7384370b303f70792b710c8 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.
About Interactive Brokers Group, Inc.:
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 prediction markets around the clock on over 175 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.
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.
For Interactive Brokers Group, Inc. Investors: Nancy Stuebe, investor-relations@ibkr.com or Media: Rob Garfield, media@ibkr.com.
3
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2026
2025
2026
2025
(in millions, except share and per share data)
Revenues:
Commissions
$
602
$
537
$
1,888
$
1,567
Other fees and services
88
66
261
206
Other income
70
85
215
192
Total non-interest income
760
688
2,364
1,965
Interest income
2,433
2,101
6,616
5,710
Interest expense
(1,279
)
(1,134
)
(3,501
)
(3,113
)
Total net interest income
1,154
967
3,115
2,597
Total net revenues
1,914
1,655
5,479
4,562
Non-interest expenses:
Execution, clearing and distribution fees
134
92
382
329
Employee compensation and benefits
167
156
516
473
Occupancy, depreciation and amortization
29
24
83
72
Communications
11
11
34
32
General and administrative
78
62
214
185
Customer bad debt
(1
)
(2
)
10
-
Total non-interest expenses
418
343
1,239
1,091
Income before income taxes
1,496
1,312
4,240
3,471
Income tax expense
148
126
383
315
Net income
1,348
1,186
3,857
3,156
Net income attributable to noncontrolling interests
1,034
923
2,964
2,456
Net income available for common stockholders
$
314
$
263
$
893
$
700
Earnings per share:
Basic
$
0.69
$
0.59
$
1.99
$
1.59
Diluted
$
0.69
$
0.59
$
1.98
$
1.58
Weighted average common shares outstanding:
Basic
452,266,631
444,060,813
448,564,570
439,434,716
Diluted
453,923,924
446,528,983
450,818,725
442,507,940
4
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2026
2025
2026
2025
(in millions, except share and per share data)
Comprehensive income:
Net income available for common stockholders
$
314
$
263
$
893
$
700
Other comprehensive income:
Cumulative translation adjustment, before income taxes
(12
)
(10
)
(48
)
97
Income taxes related to items of other comprehensive income
-
-
-
-
Other comprehensive income (loss), net of tax
(12
)
(10
)
(48
)
97
Comprehensive income available for common stockholders
$
302
$
253
$
845
$
797
Comprehensive earnings per share:
Basic
$
0.67
$
0.57
$
1.88
$
1.81
Diluted
$
0.67
$
0.57
$
1.87
$
1.80
Weighted average common shares outstanding:
Basic
452,266,631
444,060,813
448,564,570
439,434,716
Diluted
453,923,924
446,528,983
450,818,725
442,507,940
Comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests
$
1,034
$
923
$
2,964
$
2,456
Other comprehensive income - cumulative translation adjustment
(32
)
(28
)
(132
)
278
Comprehensive income attributable to noncontrolling interests
$
1,002
$
895
$
2,832
$
2,734
5
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(UNAUDITED)
September 30, 2026
December 31, 2025
(in millions)
Assets
Cash and cash equivalents
$
5,935
$
4,963
Cash - segregated for regulatory purposes
58,695
50,332
Securities - segregated for regulatory purposes
38,376
26,521
Securities borrowed
12,086
11,589
Securities purchased under agreements to resell
10,005
7,117
Financial instruments owned, at fair value
4,896
4,982
Receivables from customers, net of allowance for credit losses
105,592
90,475
Receivables from brokers, dealers and clearing organizations
5,012
5,161
Other assets
2,638
2,100
Total assets
$
243,235
$
203,240
Liabilities and equity
Liabilities
Short-term borrowings
$
18
$
19
Securities loaned
35,212
24,751
Financial instruments sold but not yet purchased, at fair value
756
740
Other payables:
Customers
180,451
154,336
Brokers, dealers and clearing organizations
1,890
1,566
Other payables
1,657
1,356
183,998
157,258
Total liabilities
219,984
182,768
Equity
Stockholders' equity
6,215
5,363
Noncontrolling interests
17,036
15,109
Total equity
23,251
20,472
Total liabilities and equity
$
243,235
$
203,240
September 30, 2026
December 31, 2025
Ownership of IBG LLC Membership Interests
Interests
%
Interests
%
IBG, Inc.
453,172,548
26.6%
445,612,825
26.3%
Noncontrolling interests (IBG Holdings LLC)
1,248,237,849
73.4%
1,250,737,416
73.7%
Total IBG LLC membership interests
1,701,410,397
100.0%
1,696,350,241
100.0%
6
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
OPERATING DATA
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%
3Q2025
229,635
30,659
260,294
3Q2026
273,486
19%
37,616
23%
311,102
20%
2Q2026
299,110
45,070
344,180
3Q2026
273,486
(9%)
37,616
(17%)
311,102
(10%)
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
4%
307,489,711
22%
2025
1,668,228
24%
241,631
11%
421,707,895
37%
3Q2025
428,524
52,233
119,250,686
3Q2026
426,182
(1%)
59,134
13%
91,432,625
(23%)
2Q2026
459,831
65,909
109,464,979
3Q2026
426,182
(7%)
59,134
(10%)
91,432,625
(16%)
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
4%
302,040,873
22%
2025
1,623,384
26%
240,120
12%
417,457,770
38%
3Q2025
418,389
51,936
118,307,826
3Q2026
415,215
(1%)
58,677
13%
90,219,440
(24%)
2Q2026
446,906
65,337
108,174,094
3Q2026
415,215
(7%)
58,677
(10%)
90,219,440
(17%)
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%)
3Q2025
10,135
297
942,860
3Q2026
10,967
8%
457
54%
1,213,185
29%
2Q2026
12,925
572
1,290,885
3Q2026
10,967
(15%)
457
(20%)
1,213,185
(6%)
________________________
1 Includes options on futures.
7
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
OPERATING DATA, CONTINUED
Year over Year
3Q2026
3Q2025
% Change
Total Accounts (in thousands)
5,576
4,127
35%
Customer Equity (in billions)1
$
965
$
758
27%
Total Customer DARTs (in thousands)
4,273
3,616
18%
Cleared Customers
Commission per Cleared Commissionable Order2
$
2.59
$
2.70
(4%)
Cleared Avg. DARTs per Account (Annualized)
168
195
(14%)
Consecutive Quarters
3Q2026
2Q2026
% Change
Total Accounts (in thousands)
5,576
5,185
8%
Customer Equity (in billions)1
$
965
$
930
4%
Total Customer DARTs (in thousands)
4,273
4,824
(11%)
Cleared Customers
Commission per Cleared Commissionable Order2
$
2.59
$
2.64
(2%)
Cleared Avg. DARTs per Account (Annualized)
168
207
(19%)
________________________
1 Excludes non-Customers.
2 Commissionable Order - a customer order that generates commissions.
8
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
NET INTEREST MARGIN
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2026
2025
2026
2025
(in millions)
Average interest-earning assets
Segregated cash and securities
$
95,092
$
81,906
$
92,344
$
75,934
Customer margin loans
104,032
70,805
96,654
65,380
Securities borrowed
12,290
9,037
10,075
6,995
Other interest-earning assets
19,468
16,037
18,503
14,784
FDIC sweeps1
6,364
5,962
6,366
5,329
$
237,246
$
183,747
$
223,942
$
168,422
Average interest-bearing liabilities
Customer credit balances
$
176,566
$
141,763
$
168,637
$
130,262
Securities loaned
36,203
20,691
31,710
18,007
Other interest-bearing liabilities
376
361
361
160
$
213,145
$
162,815
$
200,708
$
148,429
Net interest income
Segregated cash and securities, net2
$
815
$
786
$
2,307
$
2,205
Customer margin loans4
1,114
821
3,007
2,305
Securities borrowed and loaned, net3
65
133
142
204
Customer credit balances, net4
(1,028
)
(945
)
(2,848
)
(2,619
)
Other net interest income1/5
225
204
636
559
Net interest income5
$
1,191
$
999
$
3,244
$
2,654
Net interest margin ("NIM")
1.99
%
2.16
%
1.94
%
2.11
%
Annualized yields
Segregated cash and securities
3.40
%
3.81
%
3.34
%
3.88
%
Customer margin loans
4.25
%
4.60
%
4.16
%
4.71
%
Customer credit balances
2.31
%
2.64
%
2.26
%
2.69
%
________________________
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 Net interest income on "Segregated cash and securities, net" for the nine months ended September 30, 2025, excludes approximately $26 million of interest income, recorded in the consolidated statements of comprehensive income, related to taxes withheld at source in prior periods which was determined to be fully refundable.
3 We estimate that if the interest earned and paid on cash collateral related to our securities lending transactions were included under “Securities borrowed and loaned, net” in the table above, the total net interest income related to our securities lending activities would have been $427 million and $1,039 million for the three and nine months ended September 30, 2026, respectively, compared to $314 million and $751 million for the three and nine months ended September 30, 2025, respectively. Such additional interest attributed to our securities lending activities would be reclassified from net interest income on “Segregated cash and securities, net” and “Customer credit balances, net” in the table above, so it would have no effect on our overall net interest income or net interest margin.
4 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).
9
5 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 and nine months ended September 30, 2026 and 2025, $11 million, $33 million, $10 million, and $27 million were reported in "Other fees and services", respectively. For the three and nine months ended September 30, 2026 and 2025, $26 million, $96 million, $22 million, and $56 million were reported in "Other income", respectively.
10
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2026
2025
2026
2025
Adjusted net revenues1 (in millions)
Net revenues - GAAP
$
1,914
$
1,655
$
5,479
$
4,562
Non-GAAP adjustments
Currency diversification strategy, net
(40
)
(4
)
(87
)
(19
)
Mark-to-market on investments2
(3
)
(41
)
42
(57
)
Total non-GAAP adjustments4
(42
)
(45
)
(44
)
(76
)
Adjusted net revenues4
$
1,872
$
1,610
$
5,435
$
4,486
Adjusted income before income taxes1 (in millions)
Income before income taxes - GAAP
$
1,496
$
1,312
$
4,240
$
3,471
Non-GAAP adjustments
Currency diversification strategy, net
(40
)
(4
)
(87
)
(19
)
Mark-to-market on investments2
(3
)
(41
)
42
(57
)
Total non-GAAP adjustments4
(42
)
(45
)
(44
)
(76
)
Adjusted income before income taxes4
$
1,454
$
1,267
$
4,196
$
3,395
Adjusted pre-tax profit margin
78
%
79
%
77
%
76
%
Adjusted net income available for common stockholders1 (in millions)
Net income available for common stockholders - GAAP
$
314
$
263
$
893
$
700
Non-GAAP adjustments
Currency diversification strategy, net
(11
)
(1
)
(23
)
(5
)
Mark-to-market on investments2
(1
)
(11
)
11
(15
)
Income tax effect of above adjustments3
2
3
2
5
Total non-GAAP adjustments4
(9
)
(9
)
(10
)
(15
)
Adjusted net income available for common stockholders4
$
305
$
253
$
883
$
684
Adjusted diluted EPS1 (in dollars, except share amounts)
Diluted EPS - GAAP
$
0.69
$
0.59
$
1.98
$
1.58
Non-GAAP adjustments
Currency diversification strategy, net
(0.02
)
(0.00
)
(0.05
)
(0.01
)
Mark-to-market on investments2
(0.00
)
(0.02
)
0.03
(0.03
)
Income tax effect of above adjustments3
0.01
0.01
0.00
0.02
Total non-GAAP adjustments4
(0.02
)
(0.02
)
(0.02
)
(0.03
)
Adjusted diluted EPS4
$
0.67
$
0.57
$
1.96
$
1.55
Diluted weighted average common shares outstanding
453,923,924
446,528,983
450,818,725
442,507,940
11
Note: The term “GAAP” in the following explanation refers to generally accepted accounting principles in the United States.
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.