Filing Flows › Interactive Brokers Group (IBKR) › Q2 2025
Interactive Brokers Group (IBKR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Interactive Brokers Group (IBKR) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +20% from a year earlier and +4% from the quarter before. Operating margin was 74.6%, net earnings $224M (15.1% of revenue).
Interactive Brokers Group, Q2 2025: revenue $1.5B (+20% year over year), operating margin 74.6%, net earnings $224M, operating cash flow $7.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +4% | +20% |
| Operating profit | $1.1B | +5% | +25% |
| Net earnings | $224M | +5% | +25% |
| Operating cash flow | $7.1B | +176% | +340% |
What changed
Revenue was $1.5B in Q2 2025, up 20% year over year and up 4% from the previous quarter. Commissions was the largest line at 35% of revenue. Commissions added $0.11B year over year (up 27%), 44% of the total change. Risk Exposure Fees declined 29%.
Operating profit was $1.1B, a 74.6% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 90% reached operating profit, above the 72% margin then. Total costs grew 7% against revenue growth of 20%. The fastest-growing cost line was SG&A (+17%). Net earnings were $0.22B, up 25% year over year. The effective tax rate was 8.9%.
Operating cash flow was $7.1B (up 340% year over year), 710% 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 $6.1B.
Questions
What was Interactive Brokers Group's revenue in the second quarter 2025?
Interactive Brokers Group (IBKR) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +20% from a year earlier and +4% from the quarter before.
Was Interactive Brokers Group profitable in the second quarter 2025?
Operating profit was $1.1B (74.6% of revenue) and net earnings $224M.