Filing Flows › Interactive Brokers Group (IBKR) › Q3 2025
Interactive Brokers Group (IBKR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Interactive Brokers Group (IBKR) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +21% from a year earlier and +12% from the quarter before. Operating margin was 79.3%, net earnings $263M (15.9% of revenue).
Interactive Brokers Group, Q3 2025: revenue $1.7B (+21% year over year), operating margin 79.3%, net earnings $263M, operating cash flow $4.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +12% | +21% |
| Operating profit | $1.3B | +19% | +44% |
| Net earnings | $263M | +17% | +43% |
| Operating cash flow | $4.5B | -37% | +25% |
What changed
Revenue was $1.7B in Q3 2025, up 21% year over year and up 12% from the previous quarter. Commissions was the largest line at 32% of revenue. Commissions added $0.10B year over year (up 23%), 35% of the total change. Risk Exposure Fees declined 46%.
Operating profit was $1.3B, a 79.3% margin (up 12.7 points year over year). Of the extra revenue versus a year earlier, 139% reached operating profit, above the 67% margin then. Total costs fell 25% while revenue rose 21%. Net earnings were $0.26B, up 43% year over year. The effective tax rate was 9.6%.
Operating cash flow was $4.5B (up 25% year over year), 378% 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 $3.2B.
Questions
What was Interactive Brokers Group's revenue in the third quarter 2025?
Interactive Brokers Group (IBKR) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +21% from a year earlier and +12% from the quarter before.
Was Interactive Brokers Group profitable in the third quarter 2025?
Operating profit was $1.3B (79.3% of revenue) and net earnings $263M.