Interactive Brokers Group, Inc. (IBKR)

Financials · Investment Banking & Brokerage · US stock · S&P 500 component

$82.28 ▼ -3.05 (3.57%)

At close 22 Oct 2026 · USD · Volume 4,156,716

Compare with GS

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueOvervalued

$62 −24.6% to fair value

$31fair band $53–$75$93

Day's range

$81.71 – $85.08

52-week range

$58.95 – $98.75

About Interactive Brokers Group, Inc.

Interactive Brokers runs an electronic brokerage that lets individual investors, advisors and institutions trade stocks, options, futures, currencies and bonds on markets in many countries. It also operates a market making business. Revenue comes from trading commissions, interest earned on client cash balances and margin loans, and other fees. The company relies heavily on its own technology and automation to keep its operating costs low.

Revenue over the last twelve months came to $2.7 billion, and sales grew by 17.5% a year on average across the past three years. Operating margin is 196.3%. It pays a dividend with a yield of 0.4%. The X-Ray Score is 51 out of 100. The figures are a snapshot of reported results rather than a forecast.

Price chart

Interactive chart Historical data & CSV

52-wk range $58.95 – $98.75Volume 4,156,716Daily, split-adjusted

Vitals

Market cap$37.0B

52-week range$58.95 – $98.75

Volume (last day)4,156,716

P/E (TTM)7.5

EBIT / EV yield11.7%

Free-cash-flow yield–

Dividend yield0.4%

Revenue (TTM)$2.7B

Net income (TTM)$4.9B

Operating margin196.3%

Return on capital–

Debt incl. leasesData missing

Cash & securities$7.7B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$62middle half of models $58 – $68

Overvalued −24.6% to fair value

Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $82

Undervalued < $53Fair $53 – $75Overvalued > $75

P/E multiple

$79

P/B multiple

$65

P/S multiple

$63

Dividend discount, multi-stage

$42

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Average business, priced high

Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better ✓ 53 The price is not above fair value $62 fair value Debt looks manageable Revenue has been growing 17.5% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

32/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield11.7%

Fair value vs price0.8×

Growth Fair

66/100

Growing at a typical pace for its sector.

See the numbers →

Revenue growth (3y)17.5%

EPS growth (3y)-16.0%

Growth consistency100%

Profitability Fair

63/100

Returns on capital are typical for its sector.

See the numbers →

Operating margin196.3%

Financial health Weak

43/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score5 / 9

Interest coverNo interest cost

Dividends Fair

57/100

Dividend is typical for its sector.

See the numbers →

Dividend yield0.4%

Dividend growth49.6%

Quarterly results: last 6 quarters

+35.2%

Mar '25

+21.9%

Jun '25

+18.9%

Sep '25

+19.5%

Dec '25

+18.1%

Mar '26

+31.5%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $760M, diluted EPS $0.69.

Compare with peers

SCHW Schwab Charles Corp68 RJF Raymond James Financia...55 GS Goldman Sachs Group In...49 HOOD Robinhood Markets, Inc...45

Other Investment Banking & Brokerage companies by X-Ray Score.

SWOT analysis: Interactive Brokers Group, Inc.

Strengthsinside the company

Operating margin of 196.3% is well above the 28.9% median of industry peers, a sign of pricing power or lower costs.
Revenue has grown 17.5% a year over three years (median 12.1% for industry peers).
Operating profit covers interest 50x, so debt costs are a small drag.

Weaknessesinside the company

Earnings per share have declined 16.0% a year over three years.

Opportunitiesvaluation and setting

Revenue growth picked up to 23.4% last year from 17.5% a year over three years.
Trades at 7.6x earnings, 47% below the 14.3x median of industry peers.
Our Market Compass rates the backdrop for Financials as favourable.

Threatsvaluation and setting

The price is 25% above our fair value estimate, so there is little room for disappointment.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare IBKR with peers and sector

Medians of 5 Investment Banking & Brokerage peers and of 70 Financials stocks in our universe. Largest peers (X-Ray Score): MS 34, GS 49, SCHW 68, HOOD 45, RJF 55.

Metric	IBKR	Peers	Sector
X-Ray Score (out of 100)	51	49	50
Valuation	32	48	52
Growth	66	72	54
Profitability	63	39	48
Financial health	43	57	51
Dividends	57	62	54

Sector leaders: highest X-Ray Score in Financials

IBKR ranks #34 of 71 in Financials and #3 of 6 in Investment Banking & Brokerage by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 PGR Progressive Corp	69
#2 SCHW Schwab Charles Corp	68
#3 AMP Ameriprise Financial Inc	67
#4 AIZ Assurant, Inc.	66
#5 PYPL PayPal Holdings, Inc.	65
…
#34 IBKR Interactive Brokers Group,... (this stock)	51

Metric	IBKR	Peers	Sector
P/E ratio	7.6x	14.3x	13.9x
PEG ratio	–	0.88	1.20
Price / book	6.3x	2.5x	2.2x
Price / sales	13.6x	6.1x	3.1x
EV / EBITDA	8.5x	13.8x	10.9x
Price / free cash flow	–	–	17.0x
Dividend yield	0.4%	1.7%	1.9%
Gap to our fair value	−24.6%	+3.6%	+5.9%

Metric	IBKR	Peers	Sector
Price change, 1 month	−10.4%	−8.1%	+4.1%
Price change, 3 months	−11.9%	−9.0%	+0.1%
Price change, 6 months	+5.5%	+0.4%	+7.0%
Price change, 1 year	+27.6%	−1.8%	+13.8%

Metric	IBKR	Peers	Sector
Market value	$37.0B	$159.0B	$47.6B
Revenue (last 12 months)	$2.7B	$17.0B	$15.7B
EBITDA (last 12 months)	$5.4B	$21.8B	$4.4B
Net income (last 12 months)	$4.9B	$2.3B	$3.2B
Free cash flow (last 12 months)	–	$1.4B	$2.6B

Metric	IBKR	Peers	Sector
Revenue growth, last year	+23.4%	+22.0%	+6.8%
Revenue growth, 3 years a year	+17.5%	+12.1%	+8.1%
EPS growth, 3 years a year	−16.0%	+16.1%	+12.9%
Free cash flow growth, 3 years a year	–	–	+12.7%
Dividend growth	+49.6%	+9.8%	+5.2%

Metric	IBKR	Peers	Sector
Gross margin	–	–	54.1%
EBITDA margin	198.6%	–	31.1%
Operating margin	196.3%	–	28.9%
Net margin	179.4%	13.6%	20.9%
Return on invested capital	–	31.3%	13.5%
Return on equity	82.9%	17.3%	15.3%

Metric	IBKR	Peers	Sector
Net debt / EBITDA	–	–	1.1x
Interest cover	50.0x	50.0x	50.0x
Current ratio	–	–	1.1x
Piotroski F-score (0 to 9)	5	–	7

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for IBKR

Each factor is rated by where IBKR stands among the 71 Financials stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 5 Good · 0 Average · 3 Bad of 8 Growth: 2 · 0 · 1 Profitability: 2 · 0 · 0 Valuation: 1 · 0 · 2

Factor	IBKR	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+17.5%	Good beats 85%	+8.3%	–	–
Revenue growth, last year	+23.4%	Good beats 95%	+6.9%	+21.8%	≈ In line
EPS growth, 3 years a year	−16.0%	Bad beats 7%	+12.7%	–	–
Profitability
Net margin	179.4%	Good beats 96%	21.8%	172.3%	≈ In line
Return on equity	82.9%	Good beats 96%	15.7%	78.5%	≈ In line
Valuation
P/E ratio	7.6x	Good beats 93%	13.8x	5.7x	▼ Worse
Price / book	6.3x	Bad beats 14%	2.2x	4.5x	▼ Worse
Price / sales	13.6x	Bad beats 12%	3.1x	9.7x	▼ Worse

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 6 Good · ● 0 Average · ● 3 Bad

Cash quality

Earnings backed by cashGood

Risk models

Piotroski F-ScoreBad

Growth

EPS growth (3y)Bad

Revenue growth (3y)Good

Growth consistencyGood

Balance sheet

Interest coverGood

Valuation

Fair value vs priceBad

EBIT / EV yieldGood

Profitability

Operating marginGood

Each check is graded against the company's sector, not a fixed number. Checklist score 68/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.5B	$1.6B	$2.0B	$2.4B
Operating income	$2.0B	$3.0B	$6.5B	$3.7B	$4.8B
Net income	$1.6B	$1.8B	$2.8B	$3.4B	$4.4B
Operating cash flow	$5.9B	$4.0B	$4.5B	$8.7B	$15.8B
Operating margin	128.3%	200.3%	417.8%	186.9%	195.5%
Free cash flow	–	–	–	–	–
Diluted EPS	$3.24	$3.75	$1.42	$1.73	$2.22

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bearish

3 bullish · 1 neutral · 12 bearish

Weekly

Neutral

6 bullish · 1 neutral · 5 bearish

Monthly

Strongly bullish

7 bullish · 1 neutral · 0 bearish

Moving averages (daily)

SMA 10	84.80	Bearish
EMA 10	84.49	Bearish
SMA 20	86.19	Bearish
EMA 20	86.01	Bearish
SMA 50	89.65	Bearish
EMA 50	88.09	Bearish
SMA 100	90.32	Bearish
EMA 100	87.48	Bearish
SMA 200	82.57	Bearish
EMA 200	82.55	Bearish

Oscillators (daily)

RSI (14)	40.37	Neutral
MACD (12, 26)	-1.82	Bearish
Momentum (12)	-9.16	Bearish
Stochastic %K (14)	15.68	Bullish
Williams %R (14)	-84.32	Bullish
CCI (20)	-110.4	Bullish

Pivot points (classic, last session)

77.59

79.65

80.96

Pivot

83.02

84.34

86.39

87.71

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

0.34 USD

Yield on today's price

0.41%

Frequency

Quarterly

Next ex-dividend date

1 Dec 2026

Ex-dividend date	Amount per share
1 Dec 2026 (upcoming)	0.1500
1 Sep 2026	0.0880
1 Jun 2026	0.0880
27 Feb 2026	0.0800
1 Dec 2025	0.0800
29 Aug 2025	0.0800
30 May 2025	0.3200
28 Feb 2025	0.2500
29 Nov 2024	0.2500
30 Aug 2024	0.2500
31 May 2024	0.2500
29 Feb 2024	0.1000

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold IBKR

ETF	Share of the fund
RPG Invesco S&P 500 Pure Growth	2.05%
SPHB Invesco S&P 500 High Beta	1.03%
SDVY First Trust SMID Cap Rising Dividend A...	1.01%
CLSE Convergence Long/Short Equity	0.92%
SMLF iShares MSCI USA Small-Cap Multifactor	0.83%
IYF iShares U.S. Financials	0.58%
XLF Financial Select Sector SPDR	0.51%
VFH Vanguard Financials	0.47%

The eight funds with the largest weight in IBKR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.