Q1 25 EPS
$1.88
MISS 2.73%
Est. $1.93
Q1 25 Revenue
$1.43B
BEAT +1.54%
Est. $1.41B
vs S&P Since Q1 25
+69.8%
BEATING MARKET
IBKR +106.9% vs S&P +37.1%
Market Reaction
Did IBKR Beat Earnings? Q1 2025 Results
Interactive Brokers posted a mixed first quarter for 2025, delivering adjusted EPS of $1.88 that fell just short of the $1.93 consensus estimate by 2.73%, even as revenue of $1.43 billion edged past expectations by 1.54%, though that top line reflect… Read more Interactive Brokers posted a mixed first quarter for 2025, delivering adjusted EPS of $1.88 that fell just short of the $1.93 consensus estimate by 2.73%, even as revenue of $1.43 billion edged past expectations by 1.54%, though that top line reflected a sharp 35.1% decline from the year-ago period. The headline story behind the results was a surge in customer trading activity: daily average revenue trades climbed 50% year-over-year to 3.52 million, propelling commission revenue up 36% to $514 million and helping lift net revenues to $1.43 billion from $1.20 billion in Q1 2024. The company's customer base grew 32% to 3.62 million accounts, with customer equity rising 23% to $573.50 billion. Despite the EPS miss, pretax profit margin improved to 74%, underscoring the firm's operating leverage. The Board also announced a 28% dividend hike and a four-for-one stock split, though shares fell on the earnings news as the bottom-line shortfall weighed on sentiment.
Key Takeaways
- • Commission revenue increased 36% on higher customer trading volumes — stocks up 47%, options up 25%, futures up 16%
- • Total DARTs increased 50% to 3.52 million
- • Customer accounts grew 32% to 3.62 million
- • Customer equity increased 23% to $573.5 billion
- • Customer margin loans increased 24% to $63.7 billion
- • Customer credits increased 19% to $125.2 billion
- • Net interest income grew 3% despite lower net interest margin (2.10% vs. 2.41%)
- • Pretax profit margin expanded to 74% GAAP (73% adjusted) from 72%
IBKR YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
IBKR Revenue by Segment
With YoY comparisons, source: SEC Filings
IBKR Earnings Trends
IBKR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IBKR EPS Trend
Earnings per share: estimate vs actual
IBKR Revenue Trend
Quarterly revenue: estimate vs actual
IBKR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.60 | — | $1.68B | -0.05% |
| Q4 25 BEAT FY | $0.59 | $0.65 | +10.17% | $1.64B | — |
| FY Full Year | $2.13 | $2.19 | +2.87% | $6.21B | +1.47% |
| Q3 25 BEAT | $0.54 | $0.57 | +6.05% | $1.66B | +8.68% |
| Q2 25 BEAT | $0.45 | $0.51 | +12.93% | $1.48B | +8.03% |
| Q1 25 MISS | $1.93 | $1.88 | -2.73% | $1.43B | +1.54% |