Interactive Brokers Group, Inc.
Security Brokers, Dealers & Flotation Companies
Interactive Brokers is a large, automated, retail and institutional brokerage that boasted nearly $780 billion in customer equity at the end of 2025. The company cut its teeth as a market maker, introducing US financial markets to automated and algorithmic training before expanding into brokerage services in 1993.
It is a $39.9B financial services company. Revenue grew 21.3% over the last year, and it keeps 16¢ of every dollar of sales as profit. It trades at 132.4× earnings.
- Website
- interactivebrokers.com
- Location
- Greenwich, CT
- Employees
- 3 265
- Sector
- Financial Services
- Founded
- 1990
- Next earnings
- Oct 15, 2026 · in 3d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth; Valuation and Health lag behind.
Valuation35
- P/E vs own history86th pct · 0/25
- FCF yield39.7% · 25/25
- P/S13.2x · 5/25
- EV/EBITDA34.5x · 5/25
Growth100
- Revenue CAGR23.0% · 25/25
- Net income CAGR33.7% · 25/25
- EPS CAGR ~5Y29.7% · 25/25
- Fwd implied growth339.9% · 25/25
Profitability70
- ROIC3.8% · 5/25
- ROE20.5% · 20/25
- Net margin16.4% · 20/25
- Operating margin47.3% · 25/25
Health43
- Altman Zn/a · 0/25
- Current ratio0.97 · 6/25
- Interest coverage11.8x · 25/25
- Net cash / debtD/A 10% · 12/25
Quality52
- Piotroski F5/9 · 15/25
- Beneish M-2.66 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 13.2% · 12/25
Moat57
- ROIC >12% years4/5 yrs · 20/25
- Median gross marginn/a · 0/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 3.9% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q3 2026Insiders3 open-market insider purchases~75 shares bought by insiders
- Q2 2026Insiders3 open-market insider purchases~75 shares bought by insiders
- FY2025FinancialBest year on record$984M net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.48B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- Apr 3, 2014MilestoneThe company became the first online broker to offer direct access to IEX, a private electronic…
- 2013ProductThe company released the Probability Lab tool and Traders' Insight, a service that provides daily…
- 2011ProductThe company introduced several new services, including the Interactive Brokers Information System, Hedge…
- May 3, 2007IPOThe company went public via an initial public offering (IPO) on the Nasdaq, selling 40 million…
- 2002ProductAlso in 2002, Timber Hill became the major market maker for the newly introduced U.S
- 2000MilestoneInteractive Brokers (U.K.) Limited was formed and Timber Hill became a primary market maker on the…
- 1995ProductAlso in 1995, Timber Hill Hong Kong began market making at the Hong Kong Futures Exchange and IB created its primary…
- 1990FoundedTimber Hill Deutschland GmbH was incorporated in Germany
- 1987ProductWhile Peterffy was trading on the Nasdaq in 1987, he created the first fully automated algorithmic trading system
- 1983ProductTimber Hill created the first handheld computers used for trading
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (56.8%)
- Revenue growing 21.3% year over year
- Strong cash conversion — FCF is 230.7% of revenue
- Interest covered 11.8× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+21.3% YoY
- Profitable — makes more than it spends$1.13B TTM
- Profit growing — earnings are higher than last year+33.2% YoY
- Generates cash — cash left after running and investing$15.8B TTM
- Debt under control — could handle its obligations~1.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$39.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+37.6% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 31/100
- Pays a dividend — returns cash to shareholdersyield 0.10%
- Valuation not extreme — price not wildly above earningsP/E 132.4
Peer comparisonInteractive Brokers Group, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| IBKR this company | $39.9B | 132.4 | +21.3% | 16.4% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: IBKR vs BRK.A · IBKR vs BRK.B · IBKR vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/IBKR
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Deeper analysis of IBKR on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $88.00 · market cap $39.9B.