| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 12 | 36.3x | 17.8x | Bottom tier | |
Growth | 98 | 120.2% | 7.1% | Top tier | |
Quality | 92 | — | — | Top tier | |
Safety | 14 | — | — | Bottom tier | |
Capital Return | 11 | 0.33% | 2.12% | Bottom tier | |
Momentum | 87 | 46.0% | 2.9% | Top tier | |
Sentiment | 84 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Interactive Brokers Group operates a global, automation-driven electronic brokerage platform that enables trading in stocks, options, futures, cryptocurrencies, and event contracts across multiple markets. The revenue model primarily consists of trading commissions, net interest income on margin loans and segregated cash, service fees, and securities lending; the company also supports introducing brokers, hedge funds, financial advisors, and individual accounts.
In fiscal Q1 2026, the company reported revenue of $699 million, net income of $1.2 billion, and earnings per share of $0.59, according to EDGAR data. For fiscal 2025, revenue was $2.4 billion, net income was $4.4 billion, and earnings per share were $2.22, while revenue for the twelve-month period ending in fiscal 2026 reached $2.5 billion and net income reached $4.6 billion.
In fiscal Q2 2026, the company achieved record net revenue and pre-tax income, with a pre-tax margin of 77% for the seventh consecutive quarter above 70%. Commissions increased 30% year over year, GAAP net interest income exceeded $1 billion, up 23%, and other fees and services reached $87 million, up 40%; illustrating the contribution of trading, interest, and services to the revenue mix. The gross transactional profit margin was 83%, while employee compensation and benefits represented 10% of adjusted net revenue.
The analyst consensus is Buy, with an average price target of $107.75 and a range of $98 to $114. The average target is approximately 9% above the 52-week range high of $98.70, while the lowest target nearly matches that high; therefore, the valuation combines expectations of continued growth with limited-margin risk if account growth slows or interest income declines.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Momentum came from a 30% increase in commissions and a 23% rise in GAAP net interest income to more than $1 billion. Other fees and services increased 40% to $87 million, driven by options volumes and risk exposure fees. Client activity also reached 4.8 million daily trades, up 36% year over year. As a result, the company maintained a pre-tax margin of 77%.
New accounts increased 34% year over year in fiscal Q2 2026. This helped raise client uninvested cash 27% to $182 billion, despite clients investing more of their funds in the markets. Client equity also increased 40% to $930 billion. These balances support commission, interest, and securities lending revenue.
The company launched IBKR Connector through integrations with OpenAI, Anthropic, and xAI in fiscal Q2 2026. Clients can use chatbots to analyze their portfolios, research opportunities, and prepare stock, options, and futures orders. Converting instructions into an executable order requires client approval through a dedicated interface under a human-in-the-loop model. Management reported on July 21, 2026 that a growing number of clients were using this capability.
Automated analysis for informational purposes only — not investment advice.
Fully interest-sensitive balances reached $28.4 billion at the end of fiscal Q2 2026, compared with $22.8 billion a year earlier. The company estimates that each 25-basis-point reduction in the federal funds rate would reduce annual net interest income by approximately $81 million, with a similar inverse effect from an increase. A 25-basis-point movement in non-dollar benchmark rates would also change annual net income by approximately $38 million. GAAP net interest income increased 23% despite a 70-basis-point year-over-year decline in the average federal funds rate.
The company became the first electronic broker to offer trading on Korea Exchange and Nextrade, and Korean activity began strongly, driven by demand for semiconductor stocks. It also made cryptocurrencies available in Europe and offered SpaceX IPO directly to eligible retail clients in the United Kingdom and Europe. It launched IBKR Prediction Markets for unified access to ForecastEx, CME, and Kalshi, and added Cboe binary options. Overnight trading reached 10.9 million trades versus 3.8 million a year earlier.
Total assets reached $247 billion in fiscal Q2 2026, up 36% year over year. The company's equity increased 20% to $22.3 billion, while Milan Galik estimated excess capital after safety buffers at approximately $10.3 billion. The company also confirmed that it had no long-term debt. Management did not identify any ongoing acquisition, stating on July 21, 2026 that none of the opportunities it had reviewed warranted further pursuit as of that date.
