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Live Updates: Interactive Brokers (Nasdaq: IBKR) Earnings After the Bell

By Eric Bleeker · Updated Jul 17, 4:42pm ET · Published Jul 17, 2:34pm ET

Live Updates

Newest first

Stock up 4.5% heading into conference call

Enthusiasm persists after the market received earnings numbers and now its time to listen to the conference call and try to discern guidance for the remainder of 2025.

How Has IBKR Stock Performed After Earnings

How has Interactive Brokers stock performed recently after earnings? Lets take a look at how performance dictated where the share price went in the days following earnings.

Quarter EPS Surprise 1-Day Move 7-Day Move 14-Day Move
Q2 2024 +1.20% −1.06% −4.91% −12.86%
Q3 2024 −3.77% −3.01% −2.06% +1.72%
Q4 2024 +9.37% +1.43% −0.09% +6.19%
Q1 2025 −2.73% −8.74% −2.15% +3.08%

Wall Street Price Targets

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Headed into earnings, Interactive Brokers is trading near current Wall Street price targets. The street currently has a mean price target of $61.89 and a median of $65.

Interactive Brokers received a downgrade from Citi in early June that cited valuation concerns.

Q1 Highlights

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As we prepare for the release of Interactive Broker’s Q2 earnings, let’s look at some highlights from their first quarter:

(Keep in mind when looking at the company’s EPS that Interactive Brokers announced a four-for-one stock split after its last quarterly report)

IBKR | Interactive Brokers Group Q1’25 Earnings Highlights:

  • Adj. EPS: $1.88 ✅; UP +14.6% YoY
  • Revenue: $1.427B (Est. $1.396B) ✅; UP +18.7% YoY
  • Adj. Gross Margin: 73% ✅; UP +100 bps YoY
  • Net Income: $213M ✅; UP +21.7% YoY

Outlook:

  • Revenue: $1.5B ±5% (Est. $1.5B) ✅
    • The outlook reflects continued strong customer trading volumes and increased interest income driven by higher margin loans.
    • Management expects ongoing growth in commission revenue as market conditions remain favorable.

Q1 Segment Performance:

  • Commission Revenue: $514M ✅; UP +36% YoY
  • Net Interest Income: $770M ✅; UP +3% YoY
  • Other Fees and Services: $78M ✅; UP +32% YoY
  • Execution, Clearing and Distribution Fees: $121M ✅; UP +20% YoY

Other Key Q1 Metrics:

  • Adj. Operating Income: $1.024B ✅; UP +17.9% YoY
  • Adj. Operating Expenses: $372M ✅; UP +10.4% YoY
  • Free Cash Flow: $964M; UP +21.2% YoY
  • Effective Tax Rate: 8.6% (vs. 8.2% YoY)
  • Total Equity: $17.5B
  • Customer Accounts: 3.62M; UP +32% YoY
  • Customer Equity: $573.5B; UP +23% YoY
  • Total DARTs: 3.52M; UP +50% YoY
  • Customer Margin Loans: $63.7B; UP +24% YoY

CEO Commentary:

  • Thomas Peterffy: “Our strong performance this quarter is a testament to our commitment to providing the best trading experience for our customers. The increase in trading volumes and customer accounts reflects the trust our clients place in us.”

CFO Commentary:

  • Paul Brody: “We are pleased to report solid growth in both revenues and net income. Our focus on cost management and operational efficiency has allowed us to maintain strong margins while investing in our platform.”

Strategic Updates:

  • The Board of Directors declared an increase in the quarterly cash dividend from $0.25 per share to $0.32 per share, reflecting confidence in the company’s financial health and future growth prospects.
  • A four-for-one forward stock split was announced to enhance stock liquidity and accessibility for investors.

Live coverage has ended. The full story is below.

Full Coverage

The story so far

Interactive Brokers (Nasdaq: IBKR | IBKR Price Prediction) reports shortly after the market closes and we’ll be providing live earnings analysis in this article. Simply leave this page open and new updates will push once their earnings hit the wires. 

This is a particuarly important earnings for Interactive Brokers as their shares have been furiously rallying out of the April market lows. Interactive Brokers traded for little more than $36 per share at market close on April 7th, and closed yesterday at $59.63. 

Overall, shares are up 31% this year. While that figure trails Interactive Brokers’ more ‘YOLO’ peer Robinhood (Nasdaq: HOOD), it does slightly outpace Charles Schwab‘s 25% year-to-date returns. 

What to Expect When Interactive Brokers Reports Tonight 

Here’s the key figures that Wall Street expects from Interactive Brokers tonight:

  • Revenue: $1.40 billion 
  • EPS (Normalized): $.47
  • EPS (GAAP): $.48 

And full-year estimates are currently set at 

  • 2025 Revenue: $5.61 billion 
  • 2025 EPS (Normalized): $1.82

Key Themes Wall Street Will Be Watching For

Of course, beyond the headline revenue and EPS figures, Wall Street will be watching 

  • Can Account Growth Continue: Interactive Brokers has been riding a way of international account growth that helped propel total accounts to 32% growth last quarter. With stocks rising from a low point at the beginning of last quarter to closing near record highs by the end of June, will the company post another quarter of scorching account growth?
  • Trends Beginning of the Quarter vs. Late in Quarter: Margin balances fell in Q1, but the quarter also experienced a large sell-off in most risk assets near its close. How did trends shift from the beginning of the quarter to the end?
  • Updates on Growth Markets: Interactive Brokers is pursuing new markets such as their crypto suite, ForecastEX event contracts, and overnight trading. Any commentary on how those products are impacting organic growth will be closely monitored. 

Contact [email protected] for any questions or corrections.

Eric Bleeker

Eric Bleeker has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.

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