IBKR

Interactive Brokers Group, Inc.

8 filings tracked

financialsasset managementLARGE ($10B-200B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

bullishMay 7

Net income available to common stockholders grew 25% to $267 million.

earnings beat

80%

bullishMay 7

Pretax profit margin expanded to 77% from 74% YoY.

margin expansion

90%

bearishMay 7

Net interest margin declined from 2.10% to 1.88% due to falling benchmark rates.

margin compression

60%

bullishMay 7

Quarterly cash dividend increased from $0.08 to $0.0875 per share.

dividend change

40%

neutralMar 31

Filing of 10-K/A to correct a clerical error in the auditor's opinion date.

management change

20%

bullishMar 31

Clean audit opinion supports the narrative of a highly efficient, low-cost operational model.

margin expansion

70%

Filing History

10-QMay 7, 2026

The Q1 2026 filing presents a company at a crossroads of massive scale and emerging headwinds. On one hand, the sheer growth in customer equity and account numbers suggests that Interactive Brokers is successfully absorbing global demand for low-cost, automated brokerage services. The ability to grow revenues by 17% while keeping non-interest expenses nearly flat highlights a level of operational leverage rarely seen in the financial services sector. However, the sustainability of these margins is the primary point of contention. The transition from a high-rate environment to a more cautious monetary policy is beginning to compress net interest margins, and the reliance on one-time regulatory fee cuts to boost the bottom line creates a precarious narrative. Investors must weigh the impressive growth in the customer flywheel against the increasing credit exposure and the structural leakage of earnings to non-controlling interests. The overall impact of the filing is bullish on growth but cautious on the quality of the current margin peak.

10-KMar 31, 2026

The latest filing from Interactive Brokers serves as a validation of its technical infrastructure, though it leaves several economic questions unanswered. While the clean audit opinion from Deloitte & Touche LLP confirms that the company's internal controls are effective, the market must now weigh this operational stability against the macroeconomic headwinds facing the brokerage sector. Ultimately, the tension for investors lies between the company's proven ability to scale its low-cost model and the inherent fragility of a revenue stream dependent on interest spreads. The filing confirms that the machinery is running smoothly, but the long-term investment thesis will depend on whether that machinery can maintain high margins in an increasingly competitive and rate-sensitive global market.