Interactive Brokers Group (IBKR) Q1 2026 earnings summary

Executive summary

• Net revenues for Q1 2026 rose 17% year-over-year to $1.669 billion, achieving record highs alongside strong client engagement and account growth despite a 5% S&P 500 decline and broad market weakness.

• GAAP diluted EPS increased to $0.59, with adjusted EPS at $0.60, up from $0.48 and $0.47, respectively, year-over-year.

• Pretax profit margin reached 77%, marking the sixth consecutive quarter above 70%.

• Total equity reached $21.3 billion as of March 31, 2026, up 22% year-over-year.

• Quarterly dividend increased to $0.0875 per share, reflecting confidence in ongoing profitability.

Financial highlights

• Commission revenue grew 19% year-over-year to $613 million, reflecting a 25% increase in stock trading volume, 20% in futures, and 16% in options.

• Net interest income increased 17% year-over-year to $904 million, driven by higher balances and margin loans.

• Other fees and services rose 10% to $86 million, led by higher payments for order flow, FDIC sweep fees, and market data fees.

• Execution, clearing, and distribution fees fell 12% to $106 million due to lower regulatory fees and increased liquidity rebates.

• Non-interest expenses increased 2% to $381 million, mainly from higher employee compensation and general/admin costs.

Outlook and guidance

• Management expects continued growth in customer accounts and trading volumes, with a focus on technology infrastructure, automation, and further AI integration.

• Capital expenditures will remain focused on technology, cybersecurity, and regulatory requirements.

• SEC fee rate changes will impact pass-through costs but not net income.

• Forward-looking statements caution that actual results may differ due to market, geopolitical, and regulatory risks.