We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Results primarily benefited from higher net interest income, growth in commission revenues, an increase in customer accounts and higher daily average revenue trades (DARTs). However, rising expenses partially offset the gains.
After considering non-recurring items, net income available to common stockholders (GAAP basis) was $314 million, up from $263 million in the prior-year quarter.
Interactive Brokers reported comprehensive income available to common shareholders of $302 million, or 67 cents per share, compared with $253 million, or 57 cents per share in the prior-year quarter.
IBKR’s Revenues Improve, Expenses Rise
Adjusted net revenues were $1.87 billion, up 16.3% year over year. The top line beat the Zacks Consensus Estimate of $1.84 billion. Total GAAP net revenues were $1.91 billion, up 15.7%.
Net interest income grew 19.3% year over year to $1.15 billion, primarily driven by higher average customer margin loans and customer credit balances. Commission revenues rose 12.1% to $602 million, supported by an 18.2% increase in DARTs and higher regulatory fees passed through to customers.
Other fees and services increased 33.3% year over year to $88 million, led by higher risk exposure fees, payments for order flow from exchange-mandated programs and market data fees.
Total non-interest expenses rose 21.9% to $418 million. This was primarily due to higher execution, clearing and distribution fees, general and administrative expenses, employee compensation and benefits, occupancy, depreciation and amortization.
Income before income taxes rose 14.0% year over year to $1.5 billion. Adjusted pretax profit margin fell to 78% from 79% in the year-ago quarter.
During the reported quarter, total customer DARTs increased 18.2% year over year to 4.27 million. Customer accounts grew 35.1% to 5.58 million, while customer equity increased 27.3% to $964.7 billion.
Interactive Brokers’ Capital Position Strong
As of Sept. 30, 2026, total assets were $243.2 billion compared with $203.2 billion as of Dec. 31, 2025. Total equity increased to $23.3 billion from $20.5 billion over the same period.
Cash and cash equivalents totaled $5.9 billion as of Sept. 30, 2026, compared with $5 billion at year-end 2025. Cash and securities segregated for regulatory purposes amounted to $97.1 billion, up from $76.9 billion as of Dec. 31, 2025.
Interactive Brokers Hikes Dividend
Concurrent with the earnings release, the company’s board of directors announced a quarterly cash dividend of 15 cents per share, marking a 71.4% increase from the prior payout. The dividend will be paid out on Dec. 14, 2026, to shareholders of record as of Dec. 1, 2026.
Our View on IBKR
Interactive Brokers’ focus on proprietary technology, automation, product expansion and its global customer base continues to support growth. Strong customer account additions, higher customer equity and rising margin loans provide opportunities to expand commission and interest income. The latest dividend increase also reflects the company’s capital distribution initiatives.
However, higher operating expenses and fluctuations associated with its currency diversification strategy remain key risks.
Interactive Brokers Group, Inc. Price, Consensus and EPS Surprise
Here are some of IBKR’s peers, which are yet to come out with quarterly numbers.
Robinhood Markets (HOOD - Free Report) is slated to announce its third-quarter 2026 results on Oct. 27.
In the past week, the Zacks Consensus Estimate for Robinhood’s quarterly earnings has moved higher to 56 cents. The figure suggests an 8.2% decline from the prior-year quarter reported number.
Tradeweb Markets (TW - Free Report) is slated to announce third-quarter 2026 results on Oct. 29.
In the past seven days, the Zacks Consensus Estimate for TW’s quarterly earnings has been revised upward to $1.01 per share. The figure indicates a 16.1% rise from the prior-year reported number.
Image: Bigstock
IBKR Q3 Earnings Match Estimates on Higher Revenues, Dividend Hiked
Key Takeaways
Interactive Brokers Group (IBKR - Free Report) third-quarter 2026 adjusted earnings per share were 67 cents, matching the Zacks Consensus Estimate. The bottom line rose 17.5% from the prior-year quarter.
Results primarily benefited from higher net interest income, growth in commission revenues, an increase in customer accounts and higher daily average revenue trades (DARTs). However, rising expenses partially offset the gains.
After considering non-recurring items, net income available to common stockholders (GAAP basis) was $314 million, up from $263 million in the prior-year quarter.
Interactive Brokers reported comprehensive income available to common shareholders of $302 million, or 67 cents per share, compared with $253 million, or 57 cents per share in the prior-year quarter.
IBKR’s Revenues Improve, Expenses Rise
Adjusted net revenues were $1.87 billion, up 16.3% year over year. The top line beat the Zacks Consensus Estimate of $1.84 billion. Total GAAP net revenues were $1.91 billion, up 15.7%.
Net interest income grew 19.3% year over year to $1.15 billion, primarily driven by higher average customer margin loans and customer credit balances. Commission revenues rose 12.1% to $602 million, supported by an 18.2% increase in DARTs and higher regulatory fees passed through to customers.
Other fees and services increased 33.3% year over year to $88 million, led by higher risk exposure fees, payments for order flow from exchange-mandated programs and market data fees.
Total non-interest expenses rose 21.9% to $418 million. This was primarily due to higher execution, clearing and distribution fees, general and administrative expenses, employee compensation and benefits, occupancy, depreciation and amortization.
Income before income taxes rose 14.0% year over year to $1.5 billion. Adjusted pretax profit margin fell to 78% from 79% in the year-ago quarter.
During the reported quarter, total customer DARTs increased 18.2% year over year to 4.27 million. Customer accounts grew 35.1% to 5.58 million, while customer equity increased 27.3% to $964.7 billion.
Interactive Brokers’ Capital Position Strong
As of Sept. 30, 2026, total assets were $243.2 billion compared with $203.2 billion as of Dec. 31, 2025. Total equity increased to $23.3 billion from $20.5 billion over the same period.
Cash and cash equivalents totaled $5.9 billion as of Sept. 30, 2026, compared with $5 billion at year-end 2025. Cash and securities segregated for regulatory purposes amounted to $97.1 billion, up from $76.9 billion as of Dec. 31, 2025.
Interactive Brokers Hikes Dividend
Concurrent with the earnings release, the company’s board of directors announced a quarterly cash dividend of 15 cents per share, marking a 71.4% increase from the prior payout. The dividend will be paid out on Dec. 14, 2026, to shareholders of record as of Dec. 1, 2026.
Our View on IBKR
Interactive Brokers’ focus on proprietary technology, automation, product expansion and its global customer base continues to support growth. Strong customer account additions, higher customer equity and rising margin loans provide opportunities to expand commission and interest income. The latest dividend increase also reflects the company’s capital distribution initiatives.
However, higher operating expenses and fluctuations associated with its currency diversification strategy remain key risks.
Interactive Brokers Group, Inc. Price, Consensus and EPS Surprise
Interactive Brokers Group, Inc. price-consensus-eps-surprise-chart | Interactive Brokers Group, Inc. Quote
Currently, Interactive Brokers sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Release Dates of IBKR’s Peers
Here are some of IBKR’s peers, which are yet to come out with quarterly numbers.
Robinhood Markets (HOOD - Free Report) is slated to announce its third-quarter 2026 results on Oct. 27.
In the past week, the Zacks Consensus Estimate for Robinhood’s quarterly earnings has moved higher to 56 cents. The figure suggests an 8.2% decline from the prior-year quarter reported number.
Tradeweb Markets (TW - Free Report) is slated to announce third-quarter 2026 results on Oct. 29.
In the past seven days, the Zacks Consensus Estimate for TW’s quarterly earnings has been revised upward to $1.01 per share. The figure indicates a 16.1% rise from the prior-year reported number.