Interactive Brokers Group Announces 2Q2026 Results

About this update from Interactive Brokers Group, Inc.

Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global broker, announced results for the quarter ended June 30, 2026. Reported and adjusted diluted earnings per share were both $0.69 for the current quarter. For the year-ago quarter, reported and adjusted diluted earnings per share were both $0.51. Reported net revenues were $1.90 billion for the current quarter and $1.88 billion as adjusted. For the year-ago quarter, reported and adjusted net revenues were both $1.48 billion. Reported income before income taxes was $1.46 billion for the current quarter and $1.44 billion as adjusted. For the year-ago quarter, reported and adjusted income before income taxes were both $1.10 billion. Financial Highlights (All comparisons are to the year-ago quarter.) Commission revenue increased 30% to $673 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 17%, 14% and 2%, respectively. Net interest income increased 23% to $1.06 billion primarily on higher average customer margin loans and customer credit balances. Other fees and services increased 40% to $87 million, led by increases of $9 million in payments for order flow from exchange-mandated programs, $8 million in risk exposure fees, and $3 million in market data fees. Execution, clearing and distribution fees increased 22% to $142 million, driven by a $19 million increase in regulatory fees, as the SEC Section 31 transaction fee rate increased on April 4, 2026; partially offset by greater capture of liquidity rebates from certain exchanges due to higher trading volumes in stocks and options. Pretax profit margin for the current quarter was 77% both as reported and as adjusted. For the year-ago quarter, pretax margin was 75% both as reported and as adjusted. Total equity of $22.3 billion. The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.0875 per share. This dividend is payable on September 14, 2026, to shareholders of record as of September 1, 2026. Business Highlights (All comparisons are to the year-ago quarter.) Customer accounts increased 34% to 5.19 million. Customer equity increased 40% to $930.3 billion. Total DARTs 2 increased 36% to 4.82 million. Customer credits increased 27% to $182.4 billion. Customer margin loans increased 67% to $108.5 billion. Other Items Other income increased 88% to $79 million. This increase is comprised mainly of $26 million from our currency diversification strategy and $11 million from our investing activities. In connection with our currency diversification strategy, we base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. In this quarter, our currency diversification strategy decreased our comprehensive earnings by $36 million, as the U.S. dollar value of the GLOBAL decreased by approximately 0.21%. The effects of the currency diversification strategy are reported as components of (1) Other Income (gain of $21 million) and (2) Other Comprehensive Income (loss of $57 million). Conference Call Information: Interactive Brokers Group, Inc. will hold a conference call with investors today, July 21, 2026, at 4:30 p.m. ET to discuss its quarterly results. Members of the public who would like to listen to the conference call should register at https://register-conf.media-server.com/register/BIf6232c31bfa24c3d963db61feae68746 to obtain the dial-in details. The number should be dialed approximately ten minutes prior to the start of the conference call. The conference call will also be accessible simultaneously, and through replays, as an audio webcast through the Investor Relations section of the Interactive Brokers web site, www.interactivebrokers.com/ir . About Interactive Brokers Group, Inc.: Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and prediction markets around the clock on over 170 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others. Cautionary Note Regarding Forward-Looking Statements: The foregoing information contains certain forward-looking statements that reflect the Company’s current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the Company’s actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company’s financial results may be found in the Company’s filings with the Securities and Exchange Commission. ________________________ 1 See the reconciliation of non-GAAP financial measures starting on page 11. 2 Daily average revenue trades (DARTs) are based on customer orders. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)       Three Months   Six Months     Ended June 30,   Ended June 30,     2026   2025   2026   2025                               (in millions, except share and per share data)                           Revenues:                         Commissions   $ 673     $ 516     $ 1,286     $ 1,030   Other fees and services     87       62       173       140   Other income     79       42       145       107   Total non-interest income     839       620       1,604       1,277                             Interest income     2,236       1,891       4,183       3,609   Interest expense     (1,179 )     (1,031 )     (2,222 )     (1,979 ) Total net interest income     1,057       860       1,961       1,630   Total net revenues     1,896       1,480       3,565       2,907                             Non-interest expenses:                         Execution, clearing and distribution fees     142       116       248       237   Employee compensation and benefits     182       163       349       317   Occupancy, depreciation and amortization     27       24       54       48   Communications     11       11       23       21   General and administrative     68       61       136       123   Customer bad debt     10       1       11       2   Total non-interest expenses     440       376       821       748                             Income before income taxes     1,456       1,104       2,744       2,159   Income tax expense     118       98       235       189                             Net income     1,338       1,006       2,509       1,970   Net income attributable to noncontrolling interests     1,026       782       1,930       1,533                             Net income available for common stockholders   $ 312     $ 224     $ 579     $ 437                             Earnings per share:                         Basic   $ 0.70     $ 0.51     $ 1.30     $ 1.00   Diluted   $ 0.69     $ 0.51     $ 1.29     $ 0.99                             Weighted average common shares outstanding:                         Basic     447,903,860       438,457,863       446,682,859       437,083,330   Diluted     450,088,032       441,439,924       449,235,445       440,459,081   INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)       Three Months   Six Months     Ended June 30,   Ended June 30,     2026   2025   2026   2025                               (in millions, except share and per share data)                           Comprehensive income:                         Net income available for common stockholders   $ 312     $ 224   $ 579     $ 437 Other comprehensive income:                         Cumulative translation adjustment, before income taxes     (15 )     79     (36 )     107 Income taxes related to items of other comprehensive income     -       -     -       - Other comprehensive income (loss), net of tax     (15 )     79     (36 )     107 Comprehensive income available for common stockholders   $ 297     $ 303   $ 543     $ 544                           Comprehensive earnings per share:                         Basic   $ 0.66     $ 0.69   $ 1.22     $ 1.24 Diluted   $ 0.66     $ 0.69   $ 1.21     $ 1.23                           Weighted average common shares outstanding:                         Basic     447,903,860       438,457,863     446,682,859       437,083,330 Diluted     450,088,032       441,439,924     449,235,445       440,459,081                                                     Comprehensive income attributable to noncontrolling interests:                         Net income attributable to noncontrolling interests   $ 1,026     $ 782   $ 1,930     $ 1,533 Other comprehensive income - cumulative translation adjustment     (42 )     227     (100 )     306 Comprehensive income attributable to noncontrolling interests   $ 984     $ 1,009   $ 1,830     $ 1,839 INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED)           June 30, 2026   December 31, 2025                           (in millions)                   Assets                 Cash and cash equivalents       $ 7,711   $ 4,963   Cash - segregated for regulatory purposes         56,594     50,332   Securities - segregated for regulatory purposes         39,604     26,521   Securities borrowed         10,006     11,589   Securities purchased under agreements to resell         13,627     7,117   Financial instruments owned, at fair value         3,317     4,982   Receivables from customers, net of allowance for credit losses         108,939     90,475   Receivables from brokers, dealers and clearing organizations         5,120     5,161   Other assets         2,391     2,100   Total assets       $ 247,309   $ 203,240                     Liabilities and equity                                   Liabilities                 Short-term borrowings       $ 13   $ 19   Securities loaned         45,410     24,751   Financial instruments sold but not yet purchased, at fair value         509     740   Other payables:                 Customers         176,779     154,336   Brokers, dealers and clearing organizations         819     1,566   Other payables         1,529     1,356             179,127     157,258   Total liabilities         225,059     182,768                     Equity                 Stockholders' equity         5,904     5,363   Noncontrolling interests         16,346     15,109   Total equity         22,250     20,472   Total liabilities and equity       $ 247,309   $ 203,240                                                                             June 30, 2026   December 31, 2025 Ownership of IBG LLC Membership Interests Interests   %   Interests     %                   IBG, Inc. 450,671,113   26.5 %   445,612,825     26.3 % Noncontrolling interests (IBG Holdings LLC) 1,250,737,416   73.5 %   1,250,737,416     73.7 % Total IBG LLC membership interests 1,701,408,529   100.0 %   1,696,350,241     100.0 % INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES OPERATING DATA   EXECUTED ORDER VOLUMES:                 (in 000's, except %)                             Customer   %   Principal   %   Total   % Period   Orders   Change   Orders   Change   Orders   Change 2023   483,015       29,712       512,727     2024   661,666   37%   63,348   113%   725,014   41% 2025   915,616   38%   121,972   93%   1,037,588   43%                           2Q2025   220,215       28,372       248,587     2Q2026   299,110   36%   45,070   59%   344,180   38%                           1Q2026   266,419       42,010       308,429     2Q2026   299,110   12%   45,070   7%   344,180   12%                           CONTRACT AND SHARE VOLUMES:                 (in 000's, except %)                                                   TOTAL                             Options   %   Futures 1   %   Stocks   % Period   (contracts)   Change   (contracts)   Change   (shares)   Change 2023   1,020,736       209,034       252,742,847     2024   1,344,855   32%   218,327   4%   307,489,711   22% 2025   1,668,228   24%   241,631   11%   421,707,895   37%                           2Q2025   393,051       64,271       96,450,620     2Q2026   459,831   17%   65,909   3%   109,464,979   13%                           1Q2026   440,997       74,257       116,935,449     2Q2026   459,831   4%   65,909   (11%)   109,464,979   (6%)                           CUSTOMER                             Options   %   Futures 1   %   Stocks   % Period   (contracts)   Change   (contracts)   Change   (shares)   Change 2023   981,172       206,073       248,588,960     2024   1,290,770   32%   214,864   4%   302,040,873   22% 2025   1,623,384   26%   240,120   12%   417,457,770   38%                           2Q2025   382,195       63,918       95,276,485     2Q2026   446,906   17%   65,337   2%   108,174,094   14%                           1Q2026   428,653       73,705       115,790,614     2Q2026   446,906   4%   65,337   (11%)   108,174,094   (7%)                           PRINCIPAL                             Options   %   Futures 1   %   Stocks   % Period   (contracts)   Change   (contracts)   Change   (shares)   Change 2023   39,564       2,961       4,153,887     2024   54,085   37%   3,463   17%   5,448,838   31% 2025   44,844   (17%)   1,511   (56%)   4,250,125   (22%)                           2Q2025   10,856       353       1,174,135     2Q2026   12,925   19%   572   62%   1,290,885   10%                           1Q2026   12,344       552       1,144,835     2Q2026   12,925   5%   572   4%   1,290,885   13% ________________________ 1 Includes options on futures. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES OPERATING DATA, CONTINUED   Year over Year     2Q2026     2Q2025   % Change Total Accounts (in thousands)     5,185     3,866   34% Customer Equity (in billions) 1   $ 930.3   $ 664.6   40%                   Total Customer DARTs (in thousands)     4,824     3,552   36%                   Cleared Customers                 Commission per Cleared Commissionable Order 2   $ 2.64   $ 2.65   (0%) Cleared Avg. DARTs per Account (Annualized)     207     206   0%                   Consecutive Quarters     2Q2026     1Q2026   % Change Total Accounts (in thousands)     5,185     4,754   9% Customer Equity (in billions) 1   $ 930.3   $ 789.4   18%                   Total Customer DARTs (in thousands)     4,824     4,368   10%                   Cleared Customers                 Commission per Cleared Commissionable Order 2   $ 2.64   $ 2.69   (2%) Cleared Avg. DARTs per Account (Annualized)     207     205   1% ________________________ 1 Excludes non-Customers.   2 Commissionable Order - a customer order that generates commissions. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES NET INTEREST MARGIN (UNAUDITED)       Three Months   Six Months     Ended June 30,   Ended June 30,     2026   2025   2026   2025                               (in millions)                           Average interest-earning assets                         Segregated cash and securities   $ 97,647     $ 78,693     $ 90,953     $ 72,869   Customer margin loans     96,596       60,928       92,932       62,646   Securities borrowed     8,947       7,027       8,945       5,949   Other interest-earning assets     18,991       14,747       18,011       13,601   FDIC sweeps 1     6,434       5,226       6,366       5,006       $ 228,615     $ 166,621     $ 217,207     $ 160,071                             Average interest-bearing liabilities                         Customer credit balances   $ 171,674     $ 129,998     $ 164,615     $ 124,010   Securities loaned     33,222       17,181       29,419       16,659   Other interest-bearing liabilities     512       50       354       58       $ 205,408     $ 147,229     $ 194,388     $ 140,727                             Net interest income                         Segregated cash and securities, net 2   $ 809     $ 756     $ 1,492     $ 1,419   Customer margin loans 4     988       709       1,893       1,484   Securities borrowed and loaned, net 3     44       60       77       70   Customer credit balances, net 4     (956 )     (857 )     (1,820 )     (1,674 ) Other net interest income 1/5     215       193       411       356   Net interest income 5   $ 1,100     $ 861     $ 2,053     $ 1,655                             Net interest margin ("NIM")     1.93 %     2.07 %     1.91 %     2.09 %                           Annualized yields                         Segregated cash and securities     3.32 %     3.86 %     3.31 %     3.93 % Customer margin loans     4.10 %     4.67 %     4.11 %     4.78 % Customer credit balances     2.23 %     2.64 %     2.23 %     2.72 % ________________________ 1 Represents the average amount of customer cash swept into FDIC-insured banks as part of our Insured Bank Deposit Sweep Program. This item is not recorded in the Company's consolidated statements of financial condition. Income derived from program deposits is reported in other net interest income in the table above.   2 Net interest income on "Segregated cash and securities, net" for the three and six months ended June 30, 2025, excludes approximately $26 million of interest income, recorded in the consolidated statements of comprehensive income, related to taxes withheld at source in prior periods which was determined to be fully refundable.   3 We estimate that if the interest earned and paid on cash collateral related to our securities lending transactions were included under “Securities borrowed and loaned, net” in the table above, the total net interest income related to our securities lending activities would have been $343 million and $612 million for the three and six months ended June 30, 2026, respectively, compared to $251 million and $437 million for the three and six months ended June 30, 2025, respectively. Such additional interest attributed to our securities lending activities would be reclassified from net interest income on “Segregated cash and securities, net” and “Customer credit balances, net” in the table above, so it would have no effect on our overall net interest income or net interest margin.   4 Interest income and interest expense on customer margin loans and customer credit balances, respectively, are calculated on daily cash balances within each customer’s account on a net basis, which may result in an offset of balances across multiple account segments (e.g., between securities and commodities segments).   5 Includes income from financial instruments that has the same characteristics as interest but is reported in "Other fees and services" and "Other income" in the Company’s consolidated statements of comprehensive income. For the three and six months ended June 30, 2026 and 2025, $11 million, $22 million, $9 million, and $17 million were reported in "Other fees and services", respectively. For the three and six months ended June 30, 2026 and 2025, $32 million, $70 million, $18 million, and $34 million were reported in "Other income", respectively. INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)       Three Months   Six Months     Ended June 30,   Ended June 30,     2026   2025   2026   2025       Adjusted net revenues 1 (in millions)                         Net revenues - GAAP   $ 1,896     $ 1,480     $ 3,565     $ 2,907   Non-GAAP adjustments                         Currency diversification strategy, net     (21 )     5       (47 )     (15 ) Mark-to-market on investments 2     8       (5 )     45       (16 ) Total non-GAAP adjustments     (13 )     0       (2 )     (31 ) Adjusted net revenues   $ 1,883     $ 1,480     $ 3,563     $ 2,876                             Adjusted income before income taxes 1 (in millions)                         Income before income taxes - GAAP   $ 1,456     $ 1,104     $ 2,744     $ 2,159   Non-GAAP adjustments                         Currency diversification strategy, net     (21 )     5       (47 )     (15 ) Mark-to-market on investments 2     8       (5 )     45       (16 ) Total non-GAAP adjustments     (13 )     -       (2 )     (31 ) Adjusted income before income taxes   $ 1,443     $ 1,104     $ 2,742     $ 2,128                             Adjusted pre-tax profit margin     77 %     75 %     77 %     74 %                           Adjusted net income available for common stockholders 1 (in millions)             Net income available for common stockholders - GAAP   $ 312     $ 224     $ 579     $ 437   Non-GAAP adjustments                         Currency diversification strategy, net     (6 )     1       (12 )     (4 ) Mark-to-market on investments 2     2       (1 )     12       (4 ) Income tax effect of above adjustments 3     1       0       (0 )     2   Total non-GAAP adjustments 4     (3 )     (0 )     (1 )     (6 ) Adjusted net income available for common stockholders 4   $ 310     $ 224     $ 578     $ 431                             Adjusted diluted EPS 1 (in dollars, except share amounts)                   Diluted EPS - GAAP   $ 0.69     $ 0.51     $ 1.29     $ 0.99   Non-GAAP adjustments                         Currency diversification strategy, net     (0.02 )     0.00       (0.03 )     (0.01 ) Mark-to-market on investments 2     0.00       (0.00 )     0.03       (0.01 ) Income tax effect of above adjustments 3     0.00       0.00       (0.00 )     0.01   Total non-GAAP adjustments 4     (0.01 )     (0.00 )     (0.00 )     (0.01 ) Adjusted diluted EPS 4   $ 0.69     $ 0.51     $ 1.29     $ 0.98                             Diluted weighted average common shares outstanding     450,088,032       441,439,924       449,235,445       440,459,081   Note: The term “GAAP” in the following explanation refers to generally accepted accounting principles in the United States.   1 Adjusted net revenues, adjusted income before income taxes, adjusted net income available for common stockholders and adjusted diluted earnings per share (“EPS”) are non-GAAP financial measures.   We define adjusted net revenues as net revenues adjusted to remove the effect of our currency diversification strategy and our net mark-to-market gains (losses) on investments 2 . We define adjusted income before income taxes as income before income taxes adjusted to remove the effect of our currency diversification strategy and our net mark-to-market gains (losses) on investments. We define adjusted net income available to common stockholders as net income available for common stockholders adjusted to remove the after-tax effects attributable to IBG, Inc. of our currency diversification strategy and our net mark-to-market gains (losses) on investments. We define adjusted diluted EPS as adjusted net income available for common stockholders divided by the diluted weighted average number of shares outstanding for the period. Management believes these non-GAAP items are important measures of our financial performance because they exclude certain items that may not be indicative of our core operating results and business outlook and may be useful to investors and analysts in evaluating the operating performance of the business and facilitating a meaningful comparison of our results in the current period to those in prior and future periods. Our currency diversification strategy and our mark-to-market on investments are excluded because management does not believe they are indicative of our underlying core business performance. Adjusted net revenues, adjusted income before income taxes, adjusted net income available to common stockholders and adjusted diluted EPS should be considered in addition to, rather than as a substitute for, GAAP net revenues, income before income taxes, net income attributable to common stockholders and diluted EPS.   2 Mark-to-market on investments represents the net mark-to-market gains (losses) on investments in equity securities that do not qualify for equity method accounting, which are measured at fair value; on our U.S. government and municipal securities portfolios, which are typically held to maturity; and on certain other investments.   3 The income tax effect is estimated using the statutory income tax rates applicable to the Company.   4 Amounts may not add due to rounding.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260721157186/en/

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