Interactive Brokers Group Announces 3Q2025 Results
GREENWICH, Conn.--( BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended September 30, 2025.
Reported diluted earnings per share were $0.59 for the current quarter and $0.57 as adjusted. For the year-ago quarter, reported diluted earnings per share 2 were $0.42 and $0.40 as adjusted.
Reported net revenues were $1,655 million for the current quarter and $1,610 million as adjusted. For the year-ago quarter, reported net revenues were $1,365 million and $1,327 million as adjusted.
Reported income before income taxes was $1,312 million for the current quarter and $1,267 million as adjusted. For the year-ago quarter, reported income before income taxes was $909 million and $871 million as adjusted.
Financial Highlights
(All comparisons are to the year-ago quarter.)
The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.08 per share. This dividend is payable on December 12, 2025, to shareholders of record as of December 1, 2025.
_________________________
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.
Business Highlights
(All comparisons are to the year-ago quarter.)
Other Items
Other income increased 52% to $85 million. This increase is comprised mainly of $42 million related to our investing activities, partially offset by a $21 million lower gain related to our currency diversification.
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 $33 million, as the U.S. dollar value of the GLOBAL decreased by approximately 0.25%. The effects of the currency diversification strategy are reported as components of (1) Other Income (gain of $4 million) and (2) Other Comprehensive Income (loss of $37 million).
Conference Call Information:
Interactive Brokers Group, Inc. will hold a conference call with investors today, October 16, 2025, 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/BIac68f27184924c038fe4a9b3e32b300f 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 forecast contracts around the clock on over 160 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.
Cautionary Note Regarding Forward-Looking Statements:
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.
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2025
2024
2025
2024
537
435
1,567
1,220
66
72
206
199
85
56
192
38
688
563
1,965
1,457
2,101
1,888
5,710
5,476
(1,134
)
(1,086
)
(3,113
)
(3,135
)
967
802
2,597
2,341
1,655
1,365
4,562
3,798
92
116
329
332
156
145
473
436
24
26
72
77
11
9
32
29
62
153
185
255
(2
)
7
-
14
343
456
1,091
1,143
1,312
909
3,471
2,655
126
75
315
217
1,186
834
3,156
2,438
923
650
2,456
1,900
263
184
700
538
0.59
0.42
1.59
1.25
0.59
0.42
1.58
1.24
444,060,813
435,031,964
439,434,716
431,410,388
446,528,983
438,145,440
442,507,940
435,096,780
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
2025
2024
2025
2024
263
184
700
538
(10
)
39
97
11
-
-
-
-
(10
)
39
97
11
253
223
797
549
0.57
0.51
1.81
1.27
0.57
0.51
1.80
1.26
444,060,813
435,031,964
439,434,716
431,410,388
446,528,983
438,145,440
442,507,940
435,096,780
923
650
2,456
1,900
(28
)
114
278
30
895
764
2,734
1,930
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(UNAUDITED)
5,128
3,633
48,784
36,600
38,691
27,846
11,568
5,369
8,524
6,575
3,127
1,924
77,588
64,432
4,773
2,196
2,039
1,567
200,222
150,142
10
14
27,031
16,248
894
-
499
293
149,442
115,343
1,541
476
1,325
1,171
152,308
116,990
180,742
133,545
5,106
4,280
14,374
12,317
19,480
16,597
200,222
150,142
445,405,584
26.3
%
435,726,456
25.8
%
1,250,737,416
73.7
%
1,254,573,416
74.2
%
1,696,143,000
100.0
%
1,690,299,872
100.0
%
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
OPERATING DATA
Customer
%
Principal
%
Total
%
Period
Orders
Change
Orders
Change
Orders
Change
2022
532,064
26,966
559,030
2023
483,015
(9
%)
29,712
10
%
512,727
(8
%)
2024
661,666
37
%
63,348
113
%
725,014
41
%
3Q2024
171,620
17,722
189,342
3Q2025
229,635
34
%
30,659
73
%
260,294
37
%
2Q2025
220,215
28,372
248,587
3Q2025
229,635
4
%
30,659
8
%
260,294
5
%
CONTRACT AND SHARE VOLUMES:
(in 000's, except %)
TOTAL
Options
%
Futures 1
%
Stocks
%
Period
(contracts)
Change
(contracts)
Change
(shares)
Change
2022
908,415
207,138
330,035,586
2023
1,020,736
12
%
209,034
1
%
252,742,847
(23
%)
2024
1,344,855
32
%
218,327
4
%
307,489,711
22
%
3Q2024
344,540
56,825
72,117,770
3Q2025
428,524
24
%
52,233
(8
%)
119,250,686
65
%
2Q2025
393,051
64,271
96,450,620
3Q2025
428,524
9
%
52,233
(19
%)
119,250,686
24
%
CUSTOMER
Options
%
Futures 1
%
Stocks
%
Period
(contracts)
Change
(contracts)
Change
(shares)
Change
2022
873,914
203,933
325,368,714
2023
981,172
12
%
206,073
1
%
248,588,960
(24
%)
2024
1,290,770
32
%
214,864
4
%
302,040,873
22
%
3Q2024
330,173
56,078
70,751,412
3Q2025
418,389
27
%
51,936
(7
%)
118,307,826
67
%
2Q2025
382,195
63,918
95,276,485
3Q2025
418,389
9
%
51,936
(19
%)
118,307,826
24
%
PRINCIPAL
Options
%
Futures 1
%
Stocks
%
Period
(contracts)
Change
(contracts)
Change
(shares)
Change
2022
34,501
3,205
4,666,872
2023
39,564
15
%
2,961
(8
%)
4,153,887
(11
%)
2024
54,085
37
%
3,463
17
%
5,448,838
31
%
3Q2024
14,367
747
1,366,358
3Q2025
10,135
(29
%)
297
(60
%)
942,860
(31
%)
2Q2025
10,856
353
1,174,135
3Q2025
10,135
(7
%)
297
(16
%)
942,860
(20
%)
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
OPERATING DATA, CONTINUED
3Q2025
3Q2024
4,127
3,120
32
%
757.5
541.5
40
%
3,616
2,703
34
%
2.70
2.83
(5
%)
195
198
(2
%)
3Q2025
2Q2025
4,127
3,866
7
%
757.5
664.6
14
%
3,616
3,552
2
%
2.70
2.65
2
%
195
206
(5
%)
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
NET INTEREST MARGIN
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2025
2024
2025
2024
81,906
61,813
75,934
61,000
70,805
54,647
65,380
51,240
9,037
6,241
6,995
5,836
16,037
11,678
14,784
10,949
5,962
4,330
5,329
4,071
183,747
138,709
168,422
133,096
141,763
106,865
130,262
103,028
20,691
14,258
18,007
13,227
361
1
160
1
162,815
121,124
148,429
116,256
786
763
2,205
2,267
821
787
2,305
2,220
133
16
204
67
(945)
(936)
(2,619)
(2,711)
204
196
559
550
999
826
2,654
2,393
2.16%
2.37%
2.11%
2.40%
3.81%
4.91%
3.88%
4.96%
4.60%
5.73%
4.71%
5.79%
2.64%
3.48%
2.69%
3.51%
1
2
3
4
INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
Three Months
Nine Months
Ended September 30,
Ended September 30,
2025
2024
2025
2024
1,655
1,365
4,562
3,798
(4
)
(25
)
(19
)
(3
)
(41
)
(13
)
(57
)
38
(45
)
(38
)
(76
)
35
1,610
1,327
4,486
3,833
1,312
909
3,471
2,655
(4
)
(25
)
(19
)
(3
)
(41
)
(13
)
(57
)
38
(45
)
(38
)
(76
)
35
1,267
871
3,395
2,690
79
%
66
%
76
%
70
%
Three Months
Nine Months
Ended September 30,
Ended September 30,
2025
2024
2025
2024
263
184
700
538
(1
)
(6
)
(5
)
(1
)
(11
)
(3
)
(15
)
10
3
2
5
(2
)
(9
)
(8
)
(15
)
7
253
176
684
545
Three Months
Nine Months
Ended September 30,
Ended September 30,
2025
2024
2025
2024
0.59
0.42
1.58
1.24
(0.00
)
(0.01
)
(0.01
)
(0.00
)
(0.02
)
(0.01
)
(0.03
)
0.02
0.01
0.01
0.02
(0.00
)
(0.02
)
(0.02
)
(0.03
)
0.02
0.57
0.40
1.55
1.25
446,528,983
438,145,440
442,507,940
435,096,780
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.
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.