Interactive BrokersIBKRRevenue: is the business selling more than it used to?
$2.4B+23% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $2.4B in 2025, compounding +17% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $2.7B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRNet income: how much of that revenue becomes profit?
$4.4B+28% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $4.4B in 2025, compounding +33% a year over three years. Earnings per share moved +30% over the last twelve months. Trailing twelve-month profit stands at $4.9B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRHow fast is it growing, year by year?
+23.4%revenue growth, FY 2025
Off the axis: 2015 earnings +831.9% - rebounds off a collapsed prior year.
→Revenue grew +23% in 2025 against a five-year average of +14%. Earnings grew faster (+28%), so each new dollar of sales is arriving more profitably. 2015's +832% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRRevenue per share: is your slice growing as fast as the company?
$5.50revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $5.50 in 2025, compounding +14% a year against +17% for IBKR as a whole. Dilution absorbed about 3.5 points of that growth. Free cash flow per share stands at $35.62.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRFree cash flow: what is left in real cash after everything?
$15.8B+81% YoYFY 2025
→Free cash flow was $15.8B in 2025, compounding +59% a year since 2022. That is the most cash the business has ever thrown off in a year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRHow much of every sales dollar ends up as free cash?
→648 cents of every sales dollar became free cash in 2025, up 385 points since 2022 - the best conversion in its filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is stock compensation, at 5% of revenue. That share has fallen since 2022, so the cost of competing is easing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRMargins: of every $1 of sales, how much survives each cost layer?
→Net margin stands at 179% in 2025. IBKR doesn't break out gross or operating margin in its filings, so net is the only layer the data supports.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→IBKR earns 83% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRWhat has the market paid for IBKR over time?
8.4xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 8.4x earnings, the market is paying +136% more than IBKR's own 11-year median of 3.6x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRWhat cash return does the business throw off per dollar of market value?
→The business yielded 63.0% of free cash against its market value in 2025.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRCould it handle its debt if things went wrong?
→The company holds $7.7B in cash against $13M of debt - a net-cash balance sheet, which means a bad year is an inconvenience rather than a threat.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRIs the company's own capital growing?
→The company's own capital grew from $3.6B in 2023 to $5.9B (+65%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRHow much goes back, and how much leaks out as stock comp?
→Shareholders received $134M in dividends in 2010. Stock compensation issued $118M of new shares in the same year, offsetting 88% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRHow fast is your ownership being diluted - or concentrated?
→The share count grew 1.8% in 2025, averaging 3.1% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRIs the dividend cheque growing?
→The dividend per share reached $0.30 in 2025, compounding +25% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 3% of profit and 1% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRIBKR has issued or retired shares - did shareholders end up better off?
→IBKR issued +150% more shares from 2011 to 2025 and revenue per share still fell -32%. On this measure the new shares have not paid for themselves.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Interactive BrokersIBKRAre the people running it buying or selling?
→Insiders bought $44,364 and sold $34M on the open market, a net sale of $34M. A further 32 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30