Filing Flows › Interactive Brokers Group (IBKR) › Q1 2025
Interactive Brokers Group (IBKR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Interactive Brokers Group (IBKR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +19% from a year earlier and +3% from the quarter before. Operating margin was 73.9%, net earnings $213M (14.9% of revenue).
Interactive Brokers Group, Q1 2025: revenue $1.4B (+19% year over year), operating margin 73.9%, net earnings $213M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +3% | +19% |
| Operating profit | $1.1B | +1% | +22% |
| Net earnings | $213M | -2% | +22% |
| Operating cash flow | $2.6B | +41% | +54% |
What changed
Revenue was $1.4B in Q1 2025, up 19% year over year and up 3% from the previous quarter. Commissions was the largest line at 36% of revenue. Commissions added $0.14B year over year (up 36%), 60% of the total change.
Operating profit was $1.1B, a 73.9% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 84% reached operating profit, above the 72% margin then. Total costs grew 10% against revenue growth of 19%. The fastest-growing cost line was SG&A (+24%). Net earnings were $0.21B, up 22% year over year. The effective tax rate was 8.6%.
Operating cash flow was $2.6B (up 54% year over year), 268% of net income including minority interests. Non-cash charges added back $0.01B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $1.6B.
Questions
What was Interactive Brokers Group's revenue in the first quarter 2025?
Interactive Brokers Group (IBKR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +19% from a year earlier and +3% from the quarter before.
Was Interactive Brokers Group profitable in the first quarter 2025?
Operating profit was $1.1B (73.9% of revenue) and net earnings $213M.