Q2 26 EPS
$0.69
BEAT +8.00%
Est. $0.64
Q2 26 Revenue
$1.90B
BEAT +5.31%
Est. $1.80B
vs S&P Since Q2 26
-8.2%
TRAILING MARKET
IBKR -4.7% vs S&P +3.5%
Market Reaction
Did IBKR Beat Earnings? Q2 2026 Results
Interactive Brokers Group delivered a clear beat to open its second quarter of 2026, posting diluted EPS of $0.69 against a consensus estimate of $0.64, a margin of 8.00%, and extending the company's streak of beating consensus EPS estimates to four … Read more Interactive Brokers Group delivered a clear beat to open its second quarter of 2026, posting diluted EPS of $0.69 against a consensus estimate of $0.64, a margin of 8.00%, and extending the company's streak of beating consensus EPS estimates to four consecutive quarters. Revenue came in at $1.90 billion, ahead of the $1.80 billion estimate by 5.31%, though down 23.2% from the year-ago period on a reported basis; the filing context clarifies that GAAP net revenues actually rose 28% year-over-year, reflecting a significant restatement in how period comparisons are framed. The single most material driver was a 23% surge in net interest income to $1.06 billion, fueled by a 67% jump in average customer margin loans to $96.60 billion. Client growth remained equally compelling, with customer accounts climbing 34% year-over-year to 5.19 million and customer equity rising 40% to $930.30 billion. Some observers have noted the stock trades at a premium valuation relative to industry peers, raising questions about how much of this momentum is already reflected in the share price.
Key Takeaways
- • Commission revenue increased 30% driven by higher customer trading volumes in options (17%), stocks (14%), and futures (2%)
- • Net interest income grew 23% on higher average customer margin loans (up 67%) and customer credit balances (up 32%)
- • Customer accounts grew 34% YoY to 5.19 million
- • Customer equity surged 40% YoY to $930.3 billion
- • Total DARTs increased 36% to 4.82 million
- • Other fees and services rose 40% on higher payments for order flow, risk exposure fees, and market data fees
- • Other income up 88% driven by currency diversification strategy gains and investing activities
IBKR YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
IBKR Revenue by Segment
With YoY comparisons, source: SEC Filings
IBKR Earnings Trends
IBKR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IBKR EPS Trend
Earnings per share: estimate vs actual
IBKR Revenue Trend
Quarterly revenue: estimate vs actual
IBKR Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.64 | $0.69 | +8.00% | $1.90B | +5.31% |
| Q1 26 BEAT | $0.60 | $0.60 | +0.10% | $1.68B | -0.05% |
| Q4 25 BEAT FY | $0.59 | $0.65 | +11.05% | $1.64B | +0.25% |
| FY Full Year | $2.13 | $2.19 | +2.87% | $6.21B | +1.47% |
| Q3 25 BEAT | $0.54 | $0.57 | +6.05% | $1.66B | +8.68% |
| Q2 25 BEAT | $0.45 | $0.51 | +12.93% | $1.48B | +8.03% |
| Q1 25 MISS | $1.93 | $1.88 | -2.73% | $1.43B | +1.54% |