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IBKR

Interactive Brokers Group, Inc.

Financials • CIK: 0001381197

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Market Cap
$2.25B
P/E (TTM)
7.8x
Rev Growth (TTM)
+27.9%
Net Margin (TTM)
39.3%
FCF Yield (TTM)
713.8%
FCF Margin (TTM)
688.1%

LATEST EARNINGS

Q4 FY2025
about 1 month ago
View source
Revenue
$1.64B
+18.4%
Net Income
$1.20B
+23.9%
EPS
$0.63
+26.0%
Operating
79.0% +4.0%
Net
73.1% +3.2%
  • Commission revenue increased 22% to $582 million due to higher customer trading volumes across options, futures, and stocks.
  • Net interest income increased 20% to $966 million, driven by higher average customer margin loans, customer credit balances, and stronger securities lending.
  • Customer accounts increased 32% to 4.40 million, and customer equity grew 37% to $779.9 billion.
  • Pretax profit margin improved to 79% from 75% in the prior year quarter.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$16.0B
Q3 '25
$4.5B-37%
Q2 '25
$7.1B+176%
FCF Margin
TTM688.1%
Q3 '25742.8%-40%
Sector: 22.2%Top 10%
OCF Margin688.1%
OCF/NI17.49x
CapEx Coverage
FCF Yield713.8%
FCF Growth (2Y)+64%
Cash Conversion Cycle
5 days
DSO: 5+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldEst.
Est.49.2%
Div Yield49.2%
+
Est. Buyback398.8%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)49.2%
FCF Payout Ratio6.9%
Free Cash Flow (TTM)$16.0B
Capital Return / FCF6.9%
Est. Dividends Paid (TTM)$1.1B
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.01x
8Q: 0.01x
Leverage (1+D/E)
1.00x
D/E: 0.00x
Asset & CapEx Efficiency
Fixed Asset Turn
158.03x
8Q:
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$2.3B
$603.0M4.3%
$578.0M2.4%
$592.0M6.1%
$558.0M10.1%
$507.0M7.0%
$474.0M8.2%
$438.0M8.7%
$403.0M
Operating Income
$893.0M
$260.0M28.7%
$202.0M8.2%
$220.0M4.3%
$211.0M313.7%
$51.0M58.9%
$124.0M22.8%
$101.0M26.3%
$80.0M
Net Income
$917.0M
$263.0M17.4%
$224.0M5.2%
$213.0M1.8%
$217.0M17.9%
$184.0M2.8%
$179.0M2.3%
$175.0M9.4%
$160.0M
Operating Cash Flow
$16.0B
$4.5B37.3%
$7.1B176.3%
$2.6B40.6%
$1.8B48.7%
$3.6B121.0%
$1.6B3.7%
$1.7B29.0%
$2.4B
Free Cash Flow
$16.0B
$4.5B37.3%
$7.1B176.3%
$2.6B40.6%
$1.8B48.7%
$3.6B121.0%
$1.6B3.7%
$1.7B29.0%
$2.4B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
7.8x
Volatile
8Q: 96.8x-2433%
Valuation Lenses
Earnings
7.8x
vs sector
Cash Flow
-2.7x
EV/FCF vs
Growth-Adj
0.1xPEG
Undervalued for growth
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
49.2%
Buyback
Total Yield
49.2%
Market Cap$2.25B
EV$-42.51B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
100/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
20.1%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

17.49x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle5 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
80/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
27.9%
OpInc Growth YoY
409.8%
EPS Growth YoY
122.7%
FCF 3Y CAGR
64.2%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue
Sustainability Index: 8.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
Operating
Net
39.3%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+648.8 pts
FCF: 688.1% | Net: 39.3%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $53.91B
Interest Coverage
+Net cash position: $53.91B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis