Q1 26 EPS
$0.60
Q1 26 Revenue
$1.68B
MISS 0.05%
Est. $1.68B
vs S&P Since Q1 26
-2.2%
TRAILING MARKET
IBKR -0.9% vs S&P +1.3%
Market Reaction
Did IBKR Beat Earnings? Q1 2026 Results
Interactive Brokers Group delivered a largely in-line first quarter for fiscal 2026, with adjusted EPS of $0.60 edging past the $0.60 consensus by a thin 0.10%, while revenue of $1.68 billion came in just 0.05% shy of expectations, though down 27.8% … Read more Interactive Brokers Group delivered a largely in-line first quarter for fiscal 2026, with adjusted EPS of $0.60 edging past the $0.60 consensus by a thin 0.10%, while revenue of $1.68 billion came in just 0.05% shy of expectations, though down 27.8% from the year-ago period. The headline revenue decline belies the underlying momentum: the quarter's most material driver was a powerful combination of surging trading activity and expanding client balances, with commission revenue climbing 19% to $613 million as stock, futures, and options volumes all posted double-digit gains, and net interest income rising 17% to $904 million on the back of average customer margin loans swelling to $89.21 billion from $64.36 billion a year ago. Operating leverage remained strong, with total non-interest expenses rising only modestly to $381 million while pretax profit margin expanded to 77% from 74%. Customer accounts grew 31% to 4.75 million and customer equity surged 38% to $789.40 billion, reinforcing the platform's broadening reach, a trajectory that the company's recently launched crypto trading expansion in the European Economic Area may further accelerate.
Key Takeaways
- • Commission revenue increased 19% on higher customer trading volumes across stocks (25%), futures (20%), and options (16%)
- • Net interest income grew 17% driven by higher average customer margin loans and customer credit balances
- • Customer accounts grew 31% to 4.75 million
- • Customer equity increased 38% to $789.4 billion
- • Total DARTs increased 24% to 4.37 million
- • Execution, clearing and distribution fees decreased 12% due to SEC Section 31 fee rate reduction to zero and greater capture of exchange liquidity rebates
- • Pretax profit margin expanded to 77% from 74% year over year
IBKR YoY Financials
Q1 2026 vs Q1 2025, 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% |