| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 22 | 31.6x | 17.3x | Bottom tier | |
Growth | 93 | 15.9% | 7.1% | Top tier | |
Quality | 40 | — | — | Around median | |
Safety | 15 | — | — | Bottom tier | |
Capital Return | 57 | 0.37% | 0.06% | Around median | |
Momentum | 67 | 32.9% | -1.7% | Top tier | |
Sentiment | 88 | 8 | 3 | Top tier |
10-year US Treasury yield 5.00% as of 2026-10-23. Estimates computed from company data and analyst targets, 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 provides electronic brokerage services to individuals and institutions, generating revenue from commissions on stock, options, and futures trading, net interest income associated with margin financing and client balances, securities lending, and fees and services. Its platform serves direct clients, financial advisers, hedge funds, and introducing brokers that use its infrastructure to access markets. This mix means account growth can support both trading and interest-earning balances, while income sources are affected by activity levels and interest rates.
In quarter 3 of fiscal year 2026, ended 2026-09-30, revenue was 3.2 billion dollars, net income was 314.0 million dollars, and diluted earnings per share were 0.69 dollars, with a gross margin of 95.8% and an operating margin of 86.9%. By comparison, net income was 263.0 million dollars and diluted earnings per share were 0.59 dollars in quarter 3 of fiscal year 2025, ended 2025-09-30. A reliable comparison of year-over-year revenue growth or year-over-year margin changes is unavailable because the revenue line item is defined differently across the periods.
Operating metrics illustrate how Interactive Brokers' activity is distributed across trading, client financing, and institutional services: in quarter 2 of fiscal year 2026, ended 2026-06-30, average daily revenue trades reached 4.8 million trades, up 36% from the same quarter of the previous fiscal year, while overnight trades rose to 10.9 million trades from 3.8 million trades in the comparable period. In September 2026, the number of client accounts grew 35% compared with September 2025. This supports a broader usage base, but does not establish that activity per account will remain at the same level when markets calm.
Q3 FY2026
When: 2027-01-19
Quarterly net income at the 314.0 million dollar threshold in the expected earnings announcement
Diluted earnings per share at the 0.69 dollar threshold in the expected earnings announcement
The industry-multiple value is 111 dollars, within a range of 85 dollars to 192 dollars, valuing the company's book value at a median multiple of 2.2 across 10 peer companies. The median analyst target is 104 dollars, within a range of 100 dollars to 117 dollars, reflecting their growth expectations, but it is a low-confidence indicative estimate because it relies on two analysts. The industry-multiple value falls within the analyst target range and exceeds its median, but its wider range illustrates the result's sensitivity to differences in peer multiples, while the targets rely on business expectations. Analyst targets tend to be optimistic by nature, while BMO Capital lowered its target to 100 dollars on 2026-10-16 and Deutsche Bank raised its target to 104 dollars from 102 dollars on the same date.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
Interactive Brokers combines commissions on stock, options, and futures trading, net interest income on margin financing and client balances, securities lending, and fees and services. Average daily revenue trades reached 4.8 million trades in quarter 2 of fiscal year 2026, ended 2026-06-30, up 36% from the same quarter of the previous fiscal year. Account numbers grew 35% in September 2026 compared with September 2025, expanding the potential usage base. However, account growth does not eliminate earnings sensitivity to interest rates and trading activity.
In quarter 3 of fiscal year 2026, ended 2026-09-30, revenue was 3.2 billion dollars, net income was 314.0 million dollars, and diluted earnings per share were 0.69 dollars. The company recorded a gross margin of 95.8% and an operating margin of 86.9% during the same quarter. Net income was 263.0 million dollars and diluted earnings per share were 0.59 dollars in quarter 3 of fiscal year 2025, ended 2025-09-30. A reliable comparison of year-over-year revenue growth or year-over-year margin changes between the periods is unavailable because the revenue line item is defined differently.
Automated analysis for informational purposes only — not investment advice.
On the 2026-07-21 call, management described IBKR Connector's integration with Anthropic, OpenAI, and xAI to access account data, analyze portfolios, and prepare trading instructions. The instruction appears in a dedicated interface, and the client must then approve it before it becomes an executable order. Management said it intends to offer fully autonomous trading in the future, with controls and tests to understand the risks, but did not specify a date. The capabilities described on that call therefore differ from autonomous automated execution without client approval.
The 2026-10-14 news report covered the launch of Ethereum staking through the client portal in cooperation with Zerohash, allowing eligible clients to earn rewards on digital assets held. On the 2026-07-21 call, management said cryptocurrency perpetual contracts available through Coinbase had come to represent about a third of cryptocurrency trading on the platform. These contracts provide tools for short selling and leveraged trading, expanding the range of uses and increasing the importance of risk controls. The addition of XRP by Paxos, covered in the 2026-10-08 news report, does not mean Interactive Brokers announced its availability to clients.
The 2026-10-15 news report stated that the quarterly dividend was raised 71.4% to 0.15 dollars per share following results for quarter 3 of fiscal year 2026, ended 2026-09-30. Nevertheless, the company ranked 13th among 14 companies within the industry on EL7's shareholder yield dimension for the period ended 2026-09-30, a dimension that measures shareholder yield. The next earnings announcement is expected on 2027-01-19, providing an opportunity to review continued profitability and the impact of the increase in diluted shares. Assessing the cash dividend differs from assessing the company as a whole, because earnings are also affected by trading activity and interest rates.