Q2 25 EPS
$0.51
BEAT +12.93%
Est. $0.45
Q2 25 Revenue
$1.48B
BEAT +8.03%
Est. $1.37B
vs S&P Since Q2 25
+15.2%
BEATING MARKET
IBKR +30.0% vs S&P +14.8%
Market Reaction
Did IBKR Beat Earnings? Q2 2025 Results
Interactive Brokers delivered a standout second quarter for 2025, beating Wall Street expectations on both the top and bottom lines as surging customer trading activity powered results well ahead of forecasts. The electronic brokerage reported dilute… Read more Interactive Brokers delivered a standout second quarter for 2025, beating Wall Street expectations on both the top and bottom lines as surging customer trading activity powered results well ahead of forecasts. The electronic brokerage reported diluted EPS of $0.51, clearing the $0.45 consensus estimate by 12.93%, while net revenues of $1.48 billion topped projections by 8.03%, though revenue declined 35.7% year over year, reflecting the impact of the company's June 2025 four-for-one stock split on prior-period comparisons. The clearest driver of the quarter's strength was a 49% jump in total daily average revenue trades to 3.55 million, which propelled commission revenue up 27% to $516 million as stock, options, and futures volumes all accelerated. Net interest income rose 9% to $860 million, and pretax profit margin expanded to 75% from 72% a year ago, even as net interest margin compressed to 2.07% from 2.42% amid lower prevailing interest rates. Total customer accounts grew 32% to 3.87 million, underscoring the firm's continued momentum in client acquisition.
Key Takeaways
- • Commission revenue increased 27% on higher customer trading volumes in stocks (+31%), options (+24%), and futures (+18%)
- • Net interest income grew 9% on higher average customer credit balances and securities lending activity
- • Customer accounts grew 32% to 3.87 million
- • Customer equity increased 34% to $664.6 billion
- • Total DARTs increased 49% to 3.55 million
- • Other income swung to a $42 million gain from a $36 million loss, partly due to non-recurrence of a $48 million NYSE technical issue loss
- • One-time $26 million credit related to recovery of taxes withheld at source boosted net interest income
IBKR YoY Financials
Q2 2025 vs Q2 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% |