Interactive Brokers Group Inc
interactivebrokers.comWhat Do They Do?
Runs an automated brokerage that routes, executes and clears trades in stocks, options and other listed investments for individual investors, funds and financial advisers.
10-K for FY2025, filed Feb 27, 2026
How Do They Make Money?
Commissions (88% of revenue) are charged to customers for order execution and clearing: cleared customers pay when the trade is made, while non-cleared customers pay monthly. Other streams include monthly market-data subscriptions, daily position-related fees, and payments from options exchanges and participating banks tied to trading or swept balances.
10-K for FY2025, filed Feb 27, 2026Commissions are charged to customers for order execution services and trade clearing and settlement services. These services represent a…View ↗
Market data fees are charged to customers for market data services to which they subscribe that the Company delivers. The Company…View ↗
Risk exposure fees are charged to customers who carry positions with a market risk that exceeds defined thresholds. The Company recognizes…View ↗
Payments for order flow are earned from various options exchanges based upon options trading volume originated by the Company that meets…View ↗
FDIC sweep fees are earned from the banks that participate in the Company’s Insured Bank Deposit Sweep Program with respect to the…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$2.4B
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10-K for FY2025, filed Feb 27, 2026
$2.4B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Commissions
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
88%
FY2022: 88%
|
Commissions, FY2025
$2.1B Sources
|
Sold outright |
|
Market Data Fees
Recurring
|
3.2%
FY2022: 5.1%
|
Market Data Fees, FY2025
$79M Sources
|
Recurring |
|
Risk Exposure Fees
Usage-based
|
3.3%
FY2022: 2.2%
|
Risk Exposure Fees, FY2025
$80M Sources
|
Usage-based |
|
Payments For Order Flow
Usage-based
|
2.1%
FY2022: 2.5%
|
Payments For Order Flow, FY2025
$51M Sources
|
Usage-based |
|
FDIC Sweep Fees
Usage-based
|
1.5%
FY2022: 0.7%
|
FDIC Sweep Fees, FY2025
$37M Sources
|
Usage-based |
|
Others
|
1.8%
FY2022: 1.9%
|
Others, FY2025
$44M Sources
|
Who Are Their Customers?
Customers include individuals, funds, financial advisors, trading firms and introducing brokers. Most use the company for trade execution and clearing; others use its execution services while clearing through another prime broker or custodian bank.
10-K for FY2025, filed Feb 27, 2026
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue.
10-K for FY2025, filed Feb 27, 2026
$4.4BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 56% in 4 years, from $1.6B in FY2021 to $2.4B in FY2025, about 12% a year.
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