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Interactive Brokers Group (IBKR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Interactive Brokers Group (IBKR) Q3 2026 earnings results →
Q3 2026 Revenue up 16% year over year to $1.9B · 16¢ of every $1 of revenue kept as net profit · operating margin 78.2%
Interactive Brokers Group made $1.9B in Q3 2026 (+16% Y/Y): Other revenues $1.2B, Commissions $602M, Risk Exposure Fees $25.0M. Operating margin 78.2%, net earnings $314M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.9B in Q3 2026, up 16% year over year and up 1% from the previous quarter. Commissions was the largest line at 31% of revenue. Commissions added $0.07B year over year (up 12%), 25% of the total change.
Operating profit was $1.5B, a 78.2% margin (down 1.1 points year over year). Of the extra revenue versus Q3 2025, 71% reached operating profit, below the 79% margin then. Total costs grew 22% against revenue growth of 16%. The fastest-growing cost line was SG&A (+26%). Net earnings were $0.31B, up 19% year over year. The effective tax rate was 9.9%.
Operating cash flow was $0.86B (down 81% year over year), 64% of net income including minority interests. Non-cash charges added back $0.02B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.54B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $1.9B | +16% | 78.2% | $314M | $858M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.9B | +28% | 76.8% | $312M | $6.2B |
| Q1 2026 | 10-Q | May 7, 2026 | $1.7B | +17% | 77.2% | $267M | $3.6B |
| Q4 2025 | 10-K | Feb 27, 2026 | $1.6B | +18% | 79.1% | $284M | $1.6B |
| Q3 2025 | 10-Q | Nov 5, 2025 | $1.7B | +21% | 79.3% | $263M | $4.5B |
| Q2 2025 | 10-Q | Aug 6, 2025 | $1.5B | +20% | 74.6% | $224M | $7.1B |
| Q1 2025 | 10-Q | May 8, 2025 | $1.4B | +19% | 73.9% | $213M | $2.6B |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Interactive Brokers Group
Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and prediction markets around the clock on over 170 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.
In its own words, from its 8-K, filed Jul 21, 2026.
Interactive Brokers Group against its Security Brokers, Dealers & Flotation Companies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +13%. Operating margin: 78.2% against the peers' median 30.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IBKR Interactive Brokers Group | Q3 2026 | $1.9B | +16% | 78.2% |
| MS Morgan Stanley | Q3 2026 | $20.3B | +12% | 31.9% |
| GS Goldman Sachs Group | Q3 2026 | $18.7B | +23% | 37.5% |
| GLXY Galaxy Digital | Q3 2026 | $8.1B | -72% | 4.3% |
| BLK BlackRock | Q3 2026 | $7.8B | +19% | 30.0% |
| SCHW Schwab Charles | Q3 2026 | $7.2B | +17% | 52.7% |
| Jones Financial Companies Lllp | Q3 2026 | $5.2B | +13% | 0.0% |
| RJF Raymond James Financial | Q4 FY26 | $4.7B | +13% | 18.2% |
| JEF Jefferies Financial Group | Q3 FY26 | $3.2B | +11% | 10.9% |
Source: Interactive Brokers Group 10-Q on SEC EDGAR · CIK 1381197 · Security Brokers, Dealers & Flotation Companies
Guidance and outlook
13F: who owns IBKR and who is buying
More on IBKR
- How Interactive Brokers Group makes money: revenue by segment
- Interactive Brokers Group stock forecast, price target and fair value
- Who owns Interactive Brokers Group stock: holders, funds and Congress trades
- Interactive Brokers Group guidance and outlook
- Interactive Brokers Group recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results