Company file · IBKR
Interactive Brokers
Interactive Brokers' revenue rose 19.7% in FY2025, to $6.2B, and net income rose 27.9% to $4.4B
Revenue rose 19.7% to $6.2B in FY2025, from $5.2B in FY2024. Net income rose 27.9% to $4.4B. United States was the largest region, at 70% of revenue.
Key facts
Interactive Brokers (Nasdaq: IBKR) closed fiscal 2025 on Dec 31, 2025 with revenue of $6.2B, up 19.7% from a year before; net income came to $4.4B, up 27.9%. Its newest quarterly report covers the three months to Jun 30, 2026: revenue of $1.9B, up 28.1% on the same stretch of the prior year, and net income of $1.3B. Broken down by region, United States led with 70% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 27, 2026) and 10-Q for the quarter ended Jun 30, 2026 (filed Aug 6, 2026).
Source: 10-K FY2025, filed Feb 27, 2026
Source: 10-Q filed May 7, 2026 · 10-Q filed Aug 6, 2026
How it makes money
By region, FY2025
Source: 10-K FY2025, XBRL breakdown
By region in FY2025: United States (70%) and Non-US (30%), as shares of total revenue. Total revenue was $6.2B.
Source: 10-K FY2025
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q2 2026 (Apr to Jun 2026) compared with Q2 2025 (Apr to Jun 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 2026Q2 2025
Company
Source: Interactive Brokers 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026
By region
Source: Interactive Brokers 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026
The bull case and the bear case
The bull case
- Revenue rose 19.7% in FY2025 to $6.2B, from $5.2B a year earlier. 10-K, FY2025
- Net income rose 27.9% in FY2025 to $4.4B, from $3.4B. 10-K, FY2025
- Revenue in the quarter ended Jun 30, 2026 was $1.9B, up 28.1% on a year earlier. 10-Q, quarter ended Jun 30, 2026
- Net income in the quarter ended Jun 30, 2026 was $1.3B, up 33.0% on a year earlier. 10-Q, quarter ended Jun 30, 2026
The bear case
- Diluted shares rose 1.8% in FY2025, which spreads profit across more shares. 10-K, FY2025
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include credit losses; interest rates; regulation and capital. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Interactive Brokers is in the investment banking & brokerage industry, part of the financials sector. The SEC files it under Security Brokers, Dealers & Flotation Companies.
The full description of Interactive Brokers' business is in Item 1 of its 10-K, linked below. This page shows its revenue by region.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the investment banking & brokerage industry. They are not a summary of Interactive Brokers’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Credit lossesBorrowers who can't repay cause losses, especially in a downturn.
- Interest ratesChanges in rates move what it earns on loans and pays on deposits.
- Regulation and capitalCapital, liquidity and conduct rules affect what it can do and what it costs.
- Deposits and fundingCustomers can move deposits, which raises funding costs.
- Competition and technologyBanks, fintech firms and card networks compete for customers.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income including the share that belongs to minority owners of subsidiaries.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator
About these numbers
- Net income here includes the share that belongs to minority owners of subsidiaries, the figure the company's tagged data carries for the whole business.
- Interactive Brokers' revenue is the total revenue figure in its filings. For financial companies it can combine interest, fees, premiums and other income, so it isn't directly comparable with revenue at companies that sell products.
What we left out
- Operating cash flow, total debt and cash are left out: for this kind of financial company they mostly reflect lending, trading or investing flows and say little about the business, and they aren't comparable with other companies'.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Aug 6, 2026 | Jun 30, 2026 |
| 10-Q | May 7, 2026 | Mar 31, 2026 |
| DEF 14A | Mar 11, 2026 | Mar 11, 2026 |
| 10-K | Feb 27, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Interactive Brokers
How does Interactive Brokers make money?
Fiscal 2025 revenue: $6.2B. By region in FY2025: United States (70%) and Non-US (30%), as shares of total revenue. Total revenue was $6.2B. Source: 10-K for fiscal 2025, filed Feb 27, 2026.
What was Interactive Brokers's revenue in fiscal 2025?
$6.2B, up 19.7% from fiscal 2024 ($5.2B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $4.3B. Source: 10-K for fiscal 2025, filed Feb 27, 2026.
Is Interactive Brokers profitable?
Net income was $4.4B in fiscal 2025 (up 27.9%; fiscal 2024 was $3.4B). That counts as a GAAP profit. The latest quarter, ended Jun 30, 2026: net income was $1.3B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 27, 2026.
What did Interactive Brokers report in its latest quarterly filing?
For the three months to Jun 30, 2026: revenue $1.9B (up 28.1% from $1.5B) and net income $1.3B (up 33.0% from $1.0B). Source: 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026.
What are the main risks Interactive Brokers faces?
Interactive Brokers's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 27, 2026. Risks that are common among companies in the investment banking & brokerage industry include Credit losses; interest rates; regulation and capital; deposits and funding; competition and technology. The first: Borrowers who can't repay cause losses, especially in a downturn. Source: 10-K, Item 1A Risk Factors.
Where do these Interactive Brokers numbers come from?
The 10-K filed Feb 27, 2026 (fiscal 2025) and the 10-Q filed Aug 6, 2026 (quarter ended Jun 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Disclosures
- Editor holdings in IBKR
- The editor holds no position in Interactive Brokers (IBKR). As of Oct 25, 2026.
- Trading rule
- The editor does not buy or sell IBKR from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Oct 27, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold IBKR, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Interactive BrokersIBKR | FY2025 | $6.2B | +19.7% | $4.4B |
| Morgan StanleyMS | FY2025 | $70.6B | +14.4% | $16.9B |
| Goldman SachsGS | FY2025 | $58.3B | +8.9% | $17.2B |
| Charles SchwabSCHW | FY2025 | $23.9B | +22.0% | $8.9B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.