Q4 25 EPS
$0.65
BEAT +10.17%
Est. $0.59
Q4 25 Revenue
$1.64B
vs S&P Since Q4 25
+9.5%
BEATING MARKET
IBKR +14.7% vs S&P +5.1%
Full Year 2025 Results
FY 25 EPS
$2.19
BEAT +2.87%
Est. $2.13
FY 25 Revenue
$6.21B
BEAT +1.47%
Est. $6.11B
Market Reaction
Did IBKR Beat Earnings? Q4 2025 Results
Interactive Brokers delivered a standout fourth quarter, posting adjusted diluted EPS of $0.65 against a consensus estimate of $0.59, a 10.17% beat, as the online brokerage giant demonstrated the continued strength of its automated, high-volume tradi… Read more Interactive Brokers delivered a standout fourth quarter, posting adjusted diluted EPS of $0.65 against a consensus estimate of $0.59, a 10.17% beat, as the online brokerage giant demonstrated the continued strength of its automated, high-volume trading platform. GAAP net revenues came in at $1.64 billion, though the headline figure reflected a 32.1% year-over-year decline, a dynamic shaped by prior-period comparisons rather than any underlying deterioration in the business. The single most compelling driver of the quarter was the dual-engine surge in commission revenue and net interest income: commissions climbed 22% to $582.00 million on the back of sharply higher trading volumes across options, futures, and equities, while net interest income jumped 20% to $966.00 million, fueled by a 40% rise in average margin loans to $90.20 billion. Customer accounts grew 32% to 4.40 million and client equity reached $779.90 billion, reinforcing the platform's accelerating growth trajectory. The board declared a quarterly dividend of $0.08 per share, payable March 13, 2026.
Key Takeaways
- • Commission revenue increased 22% on higher customer trading volumes in options (27%), futures (22%), and stocks (16%)
- • Net interest income increased 20% on higher average customer margin loans and credit balances and stronger securities lending activity
- • Customer accounts grew 32% to 4.40 million
- • Customer equity grew 37% to $779.9 billion
- • Customer margin loans increased 40% to $90.2 billion
- • Total DARTs increased 30% to 4.04 million
- • Execution, clearing and distribution fees decreased 21% due to SEC Section 31 fee rate reduction to zero and greater capture of exchange liquidity rebates
- • Pretax profit margin expanded to 79% from 75% year-over-year
IBKR YoY Financials
Q4 2025 vs Q4 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% |