Q3 25 EPS
$0.57
BEAT +6.05%
Est. $0.54
Q3 25 Revenue
$1.66B
BEAT +8.68%
Est. $1.52B
vs S&P Since Q3 25
+12.4%
BEATING MARKET
IBKR +20.8% vs S&P +8.5%
Market Reaction
Did IBKR Beat Earnings? Q3 2025 Results
Interactive Brokers delivered a standout third quarter of 2025, posting adjusted diluted EPS of $0.57 against a consensus estimate of $0.54, a 6.05% beat, while revenue of $1.66 billion cleared expectations by 8.68% and rose 21.3% from a year ago. Th… Read more Interactive Brokers delivered a standout third quarter of 2025, posting adjusted diluted EPS of $0.57 against a consensus estimate of $0.54, a 6.05% beat, while revenue of $1.66 billion cleared expectations by 8.68% and rose 21.3% from a year ago. The headline numbers were underpinned by a dramatic expansion in pretax profit margin, which widened to 79% from 67% in Q3 2024, a result of both surging top-line growth and a sharp drop in non-interest expenses to $343 million from $456 million. Commission revenue climbed 23% to $537 million as customer stock trading volumes surged 67%, while net interest income rose 21% to $967 million on stronger securities lending and higher margin loan balances. Customer accounts grew 32% to 4.13 million and customer equity expanded 40% to $757.50 billion, signaling broad platform momentum. The results have drawn growing institutional interest in the post-split shares, following IBKR's four-for-one stock split in June 2025. The board declared a quarterly dividend of $0.08 per share.
Key Takeaways
- • Commission revenue increased 23% on higher customer trading volumes with stock volumes up 67% and options up 27%
- • Net interest income grew 21% driven by stronger securities lending activity and higher average customer margin loans and credit balances
- • General and administrative expenses decreased 59% primarily from non-recurrence of $88 million in legal/regulatory charges and $12 million European consolidation costs
- • Execution, clearing and distribution fees decreased 21% due to SEC Section 31 fee rate reduction to zero and greater exchange liquidity rebates
- • Customer accounts grew 32% to 4.13 million
- • Customer equity increased 40% to $757.5 billion
- • Total DARTs increased 34% to 3.62 million
IBKR YoY Financials
Q3 2025 vs Q3 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% |