Filing Flows › Interactive Brokers Group (IBKR) › Q4 2025
Interactive Brokers Group (IBKR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Interactive Brokers Group (IBKR) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -0.7% from the quarter before. Operating margin was 79.1%, net earnings $284M (17.3% of revenue).
Interactive Brokers Group, Q4 2025: revenue $1.6B (+18% year over year), operating margin 79.1%, net earnings $284M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -0.7% | +18% |
| Operating profit | $1.3B | -0.9% | +25% |
| Net earnings | $284M | +8% | +31% |
| Operating cash flow | $1.6B | -64% | -12% |
What changed
Revenue was $1.6B in Q4 2025, up 18% year over year and down 1% from the previous quarter. Commissions was the largest line at 35% of revenue.
Operating profit was $1.3B, a 79.1% margin (up 4.1 points year over year). Of the extra revenue versus a year earlier, 102% reached operating profit, above the 75% margin then. Total costs fell 1% while revenue rose 18%. Net earnings were $0.28B, up 31% year over year. The effective tax rate was 7.6%.
Operating cash flow was $1.6B (down 12% year over year), 134% 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 added $0.36B.
Questions
What was Interactive Brokers Group's revenue in the fourth quarter 2025?
Interactive Brokers Group (IBKR) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -0.7% from the quarter before.
Was Interactive Brokers Group profitable in the fourth quarter 2025?
Operating profit was $1.3B (79.1% of revenue) and net earnings $284M.