Achieved record net revenues and pre-tax income in Q3 2025, driven by strong organic account growth and increased trading activity across all regions and client types.
GAAP diluted EPS rose to $0.59, up from $0.42 year-over-year; adjusted EPS was $0.57, up from $0.40.
Surpassed four million customers and $150 billion in client cash balances, both up over 30% year-over-year.
Client equity exceeded $757.5 billion, up 40% from last year, outpacing the S&P 500's 16% growth.
Pretax profit margin reached 79% (both reported and adjusted), up from 67% and 66% a year ago.
Commission revenue reached a record $537 million, up 23% year-over-year, with options and equity volumes up 27% and 67%, respectively.
Net interest income hit a record $967 million, up 21% from last year, supported by higher balances and securities lending.
Total net revenues increased 21% year-over-year to $1,655 million (GAAP) and $1,610 million (adjusted).
Other income surged 52% to $85 million, mainly from investing activities.
General and administrative expenses dropped 59% to $62 million due to non-recurrence of prior legal/regulatory and consolidation costs.
Continued strong account growth expected, with no signs of deceleration.
Anticipates further product enhancements and global expansion, including new crypto features and stablecoin funding.
Expects to offer crypto trading to European clients via Zero Hash by end of year, with staking to follow.
Forward-looking statements caution that actual results may differ due to risks and uncertainties in the business environment.
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Interactive Brokers (IBKR) is a multinational brokerage firm established in 1978. With its origins in electronic trading, the firm has expanded to offer a wide range of financial services to individual and institutional clients around the world. Known for its advanced trading platforms, low-cost structure, and direct market access, IBKR caters to active traders, hedge funds, and professional investors. The platform provides access to over 125 market centers across 31 countries, making it a go-to for global trading. Furthermore, it offers stocks, options, futures, forex, and fixed-income products.
Interactive Brokers (IBKR) was founded by Thomas Peterffy in 1978. Initially, the firm began its journey as a market maker, a crucial player that provides liquidity in financial markets. Peterffy was a pioneer in the early adoption of computerized trading, utilizing automated systems at a time when most trading was manually executed. By the mid-1980s, IBKR transitioned from trading on the floor to the screen, being one of the first to use computer-generated fair value sheets. Over the years, the firm shifted its focus from market-making to brokerage, capitalizing on its cutting-edge technology to offer advanced trading platforms. This transition allowed IBKR to serve a broader clientele, from individual traders to large institutions, giving them access to global markets at competitive rates.
Further reading: 5 Leading Online Brokers for Innovation
Interactive Brokers offers a comprehensive suite of services for retail investors. They provide access to a vast array of global markets, allowing clients to trade stocks, options, futures, forex, and bonds from a single platform. Their trading tools are powerful yet user-friendly and are usable by both novice and experienced traders and investors. One of their standout features is the low-cost trading with competitive commission rates. Additionally, they offer a robust research platform, a wealth of educational resources, and a mobile app. As many contemporary brokers do, the company also has robo-advisory services. Some of the company’s publicly traded peers include Charles Schwab, flatexDEGIRO, and Robinhood.
Interactive Brokers provides a comprehensive suite of services tailored to meet the demands of institutional clients. Catering to hedge funds, financial institutions, and professional traders, their offerings include advanced trading platforms with high-speed execution and direct market access. Institutional clients can also benefit from prime brokerage services, which encompass securities lending, leveraged trade financing, and consolidated reporting. In addition, IBKR offers sophisticated API solutions for algorithmic trading and integration.
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