Companies /Financial Services

Interactive Brokers Group Inc - Class A

NASDAQ: IBKR Capital Markets
$97.06
â–² $0.51 (+0.53%) today
Markets open · 11:57am ET

Q1 2025 Earnings

Reported Apr 15, 2025, 4:02pm ET · SEC source
$1.88
Miss −2.73%
EPS · est. $1.93
$1.4B
Beat +1.54%
Revenue · est. $1.4B
+18.6%
Beating market
IBKR vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−8%−4%0Apr 15Apr 16report 4:02pm ETearnings−2.3%−8.8%
−12%−8%−4%0Apr 15Apr 16earnings−2.3%−8.8%
IBKR −8.8%S&P 500 −2.3%
−12%−8%−4%0Apr 15Apr 16report 4:02pm ETearnings−3.0%−8.8%
−12%−8%−4%0Apr 15Apr 16earnings−3.0%−8.8%
IBKR −8.8%NASDAQ −3.0%
−5%0+5%Apr 14Apr 23report 4:02pm ETearnings−0.1%−2.1%
−5%0+5%Apr 14Apr 23earnings−0.1%−2.1%
IBKR −2.1%S&P 500 −0.1%
−5%0+5%Apr 14Apr 23report 4:02pm ETearnings−0.3%−2.1%
−5%0+5%Apr 14Apr 23earnings−0.3%−2.1%
IBKR −2.1%NASDAQ −0.3%
−8.95%
Day of report
+1.03%
Next session
+7.06%
One week
+31.73%
30 days

S&P 500 over the same 30 days: +13.16%.

Did IBKR Beat Earnings? Q1 2025 Results

Interactive Brokers posted a mixed first quarter for 2025, delivering adjusted EPS of $1.88 that fell just short of the $1.93 consensus estimate by 2.73%, even as revenue of $1.43 billion edged past expectations by 1.54% — though that top line reflected a sharp 35.1% decline from the year-ago period. The headline story behind the results was a surge in customer trading activity: <a href="https://247wallst.com/investing/2025/07/17/live-updates-interactive-brokers-nasdaq-ibkr-earnings-after-the-bell/">daily average revenue trades</a> climbed 50% year-over-year to 3.52 million, propelling commission revenue up 36% to $514 million and helping lift net revenues to $1.43 billion from $1.20 billion in Q1 2024. The company's customer base grew 32% to 3.62 million accounts, with customer equity rising 23% to $573.50 billion. Despite the EPS miss, pretax profit margin improved to 74%, underscoring the firm's operating leverage. The Board also announced a 28% dividend hike and a four-for-one stock split, though shares fell on the earnings news as the bottom-line shortfall weighed on sentiment.

Key Takeaways
  • Commission revenue increased 36% on higher customer trading volumes — stocks up 47%, options up 25%, futures up 16%
  • Total DARTs increased 50% to 3.52 million
  • Customer accounts grew 32% to 3.62 million
  • Customer equity increased 23% to $573.5 billion
  • Customer margin loans increased 24% to $63.7 billion
  • Customer credits increased 19% to $125.2 billion
  • Net interest income grew 3% despite lower net interest margin (2.10% vs. 2.41%)
  • Pretax profit margin expanded to 74% GAAP (73% adjusted) from 72%

IBKR YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$700.0M$1.4B$2.1B$2.2B$1.4BRevenue$1.9B$1.1BOperating Income$175.0M$213.0MNet Income
$0$700.0M$1.4B$2.1BRevenueOperating IncomeNet Income

IBKR Revenue by Segment

Net Interest Income$770.0M+3.0%
Commissions$514.0M+36.0%
Other Fees and Services$78.0M+32.0%
Other Income

Figures from SEC filings and company reports. Not investment advice.