INTERACTIVE BROKERS GROUP ANNOUNCES 3Q2026 RESULTS
Interactive Brokers Group, Inc. (IBKR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 INTERACTIVE BROKERS GROUP ANNOUNCES 3Q2026 RESULTS — — — GAAP DILUTED EPS OF $0.69, ADJUSTED 1 EPS OF $0.67 GAAP NET REVENUES OF $1.91 BILLION, ADJUSTED NET REVENUES OF $1.87 BILLION RAISES QUARTERLY DIVIDEND FROM $0.0875 TO $0.15 GREENWICH, CT, October 15, 2026 — In
How this was made
The 30-second read
Why it matters
Traders can update expectations for IBKR’s earnings trajectory using the disclosed EPS, revenue components (commissions, net interest income, other fees), and the declared dividend with record and payable dates.
Market read
A fresh quarterly earnings release with detailed revenue drivers and a concrete dividend hike is a direct catalyst for IBKR positioning.
What to watch
Net interest income rose on higher average customer margin loans and credit balances; if rates or customer credit conditions reverse, the earnings mix could deteriorate despite the dividend increase.
GAAP DILUTED EPS OF $0.69, ADJUSTED EPS OF $0.67; GAAP NET REVENUES OF $1.91 BILLION, ADJUSTED NET REVENUES OF $1.87 BILLION; RAISES QUARTERLY DIVIDEND FROM $0.0875 TO $0.15
Third-quarter GAAP net revenues rose to $1,914 million from $1,655 million, while income before income taxes increased to $1,496 million from $1,312 million. Customer accounts, customer equity, customer credits and customer margin loans all increased year over year, and the Board raised the quarterly cash dividend to $0.15 per share.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Three months ended September 30, 2026 total net revenuesGAAP | $1.91B | – | – |
| Three months ended September 30, 2026 adjusted net revenuesnon-GAAP | $1.87B | – | – |
| Three months ended September 30, 2026 commissionsGAAP | $602M | – | 12% |
| Three months ended September 30, 2026 other fees and servicesGAAP | $ 88 | – | 33% |
| Three months ended September 30, 2026 other incomeGAAP | $ 70 | – | (18%) |
| Three months ended September 30, 2026 total non-interest incomeGAAP | $ 760 | – | – |
| Three months ended September 30, 2026 interest incomeGAAP | $ 2,433 | – | – |
| Three months ended September 30, 2026 interest expenseGAAP | $ (1,279 ) | – | – |
| Three months ended September 30, 2026 total net interest incomeGAAP | $1.15B | – | 19% |
| Three months ended September 30, 2026 execution, clearing and distribution feesGAAP | $134M | – | 46% |
| Three months ended September 30, 2026 employee compensation and benefitsGAAP | $ 167 | – | – |
| Three months ended September 30, 2026 occupancy, depreciation and amortizationGAAP | $ 29 | – | – |
| Three months ended September 30, 2026 communicationsGAAP | $ 11 | – | – |
| Three months ended September 30, 2026 general and administrative expenseGAAP | $ 78 | – | – |
| Three months ended September 30, 2026 customer bad debtGAAP | $ (1 ) | – | – |
| Three months ended September 30, 2026 total non-interest expensesGAAP | $ 418 | – | – |
| Three months ended September 30, 2026 income before income taxesGAAP | $1.50B | – | – |
| Three months ended September 30, 2026 adjusted income before income taxesnon-GAAP | $1.45B | – | – |
| Three months ended September 30, 2026 pretax profit marginGAAP | 78% | – | – |
| Three months ended September 30, 2026 adjusted pre-tax profit marginnon-GAAP | 78% | – | – |
| Three months ended September 30, 2026 income tax expenseGAAP | $ 148 | – | – |
| Three months ended September 30, 2026 net incomeGAAP | $ 1,348 | – | – |
| Three months ended September 30, 2026 net income attributable to noncontrolling interestsGAAP | $ 1,034 | – | – |
| Three months ended September 30, 2026 net income available for common stockholdersGAAP | $314M | – | – |
| Three months ended September 30, 2026 adjusted net income available for common stockholdersnon-GAAP | $ 305 | – | – |
| Three months ended September 30, 2026 basic EPSGAAP | $ 0.69 | – | – |
| Three months ended September 30, 2026 diluted EPSGAAP | $ 0.69 | – | – |
| Three months ended September 30, 2026 adjusted diluted EPSnon-GAAP | $ 0.67 | – | – |
| Three months ended September 30, 2026 comprehensive income available for common stockholdersGAAP | $ 302 | – | – |
| Three months ended September 30, 2026 other comprehensive income (loss), net of taxGAAP | $ (12 ) | – | – |
| Three months ended September 30, 2026 comprehensive diluted EPSGAAP | $ 0.67 | – | – |
| Nine months ended September 30, 2026 total net revenuesGAAP | $ 5,479 | – | – |
| Nine months ended September 30, 2026 adjusted net revenuesnon-GAAP | $ 5,435 | – | – |
| Nine months ended September 30, 2026 commissionsGAAP | $ 1,888 | – | – |
| Nine months ended September 30, 2026 other fees and servicesGAAP | $ 261 | – | – |
| Nine months ended September 30, 2026 other incomeGAAP | $ 215 | – | – |
| Nine months ended September 30, 2026 total non-interest incomeGAAP | $ 2,364 | – | – |
| Nine months ended September 30, 2026 interest incomeGAAP | $ 6,616 | – | – |
| Nine months ended September 30, 2026 interest expenseGAAP | $ (3,501 ) | – | – |
| Nine months ended September 30, 2026 total net interest incomeGAAP | $ 3,115 | – | – |
| Nine months ended September 30, 2026 total non-interest expensesGAAP | $ 1,239 | – | – |
| Nine months ended September 30, 2026 income before income taxesGAAP | $ 4,240 | – | – |
| Nine months ended September 30, 2026 adjusted income before income taxesnon-GAAP | $ 4,196 | – | – |
| Nine months ended September 30, 2026 adjusted pre-tax profit marginnon-GAAP | 77% | – | – |
| Nine months ended September 30, 2026 income tax expenseGAAP | $ 383 | – | – |
| Nine months ended September 30, 2026 net incomeGAAP | $ 3,857 | – | – |
| Nine months ended September 30, 2026 net income available for common stockholdersGAAP | $ 893 | – | – |
| Nine months ended September 30, 2026 adjusted net income available for common stockholdersnon-GAAP | $ 883 | – | – |
| Nine months ended September 30, 2026 diluted EPSGAAP | $ 1.98 | – | – |
| Nine months ended September 30, 2026 adjusted diluted EPSnon-GAAP | $ 1.96 | – | – |
| 3Q2026 total customer DARTsother | 4,273 | (11%) | 18% |
| 3Q2026 total accountsother | 5,576 | 8% | 35% |
| 3Q2026 customer equityother | $ 965 | 4% | 27% |
| 3Q2026 cleared customers commission per cleared commissionable orderother | $ 2.59 | (2%) | (4%) |
| 3Q2026 cleared average DARTs per account (annualized)other | 168 | (19%) | (14%) |
| Three months ended September 30, 2026 net interest marginother | 1.99 % | – | – |
| Three months ended September 30, 2026 net interest income, net interest margin tableother | $ 1,191 | – | – |
| Nine months ended September 30, 2026 net interest marginother | 1.94 % | – | – |
| Nine months ended September 30, 2026 net interest income, net interest margin tableother | $ 3,244 | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Commissions18% higher DARTs and higher regulatory fees, which are passed through to customers. | $602M | – | 12% |
| Net interest incomeHigher average customer margin loans and customer credit balances. | $1.15B | – | 19% |
| Other fees and servicesLed by increases of $11 million in risk exposure fees, $3 million in payments for order flow from exchange-mandated programs, and $3 million in market data fees. | $88M | – | 33% |
| Other incomeDecrease comprised mainly of $50 million from investing activities, partially offset by an increase of $36 million from the currency diversification strategy. | $70M | – | (18%) |
Capital returns
- The Board of Directors declared an increase in the quarterly cash dividend from $0.0875 per share to $0.15 per share.
- The dividend is payable on December 14, 2026, to shareholders of record as of December 1, 2026.
What drove it
- Customer accounts increased 35% to 5.58 million.
- Customer equity increased 27% to $964.7 billion.
- Customer credits increased 20% to $186.2 billion.
- Customer margin loans increased 36% to $105.2 billion.
- Customer trading volume in futures increased 13%.
- Execution, clearing and distribution fees increased 46% to $134 million, mainly driven by a $30 million increase in regulatory fees due to a higher SEC Section 31 transaction fee rate.
Concerns
- Customer trading volume in stocks decreased 24% and options volumes decreased 1%.
- Total customer DARTs were 4,273 in 3Q2026, compared with 4,824 in 2Q2026, a change of (11%).
- Cleared average DARTs per account (annualized) were 168 in 3Q2026, compared with 207 in 2Q2026, a change of (19%).
- Net interest margin was 1.99 % for the three months ended September 30, 2026, compared with 2.16 % for the year-ago period.
- The currency diversification strategy decreased comprehensive earnings by $4 million, as the U.S. dollar value of the GLOBAL decreased by approximately 0.08%.
What to watch
- Customer margin loans of $105.2 billion and customer credits of $186.2 billion.
- Net interest margin and annualized yields on segregated cash and securities, customer margin loans, and customer credit balances.
- Whether stock and options volumes recover from the reported year-over-year declines.
- The effect of regulatory fees, including the higher SEC Section 31 transaction fee rate, on commission revenue and execution, clearing and distribution fees.
Balance sheet and cash flow
- Cash and cash equivalents were $ 5,935 at September 30, 2026, compared with $ 4,963 at December 31, 2025.
- Cash - segregated for regulatory purposes was 58,695 at September 30, 2026, compared with 50,332 at December 31, 2025.
- Securities - segregated for regulatory purposes were 38,376 at September 30, 2026, compared with 26,521 at December 31, 2025.
- Receivables from customers, net of allowance for credit losses were 105,592 at September 30, 2026, compared with 90,475 at December 31, 2025.
- Short-term borrowings were $ 18 at September 30, 2026, compared with $ 19 at December 31, 2025.
- Total assets were $ 243,235 at September 30, 2026, compared with $ 203,240 at December 31, 2025.
- Total liabilities were 219,984 at September 30, 2026, compared with 182,768 at December 31, 2025.
- Stockholders' equity was 6,215 at September 30, 2026, compared with 5,363 at December 31, 2025.
- Noncontrolling interests were 17,036 at September 30, 2026, compared with 15,109 at December 31, 2025.
- Total equity was 23,251 at September 30, 2026, compared with 20,472 at December 31, 2025.
Analysis
Interactive Brokers reported higher third-quarter revenue and earnings on both GAAP and adjusted measures. GAAP net revenues were $1,914 million versus $1,655 million in the year-ago quarter, while adjusted net revenues were $1,872 million versus $1,610 million. GAAP diluted EPS was $0.69 versus $0.59, and adjusted diluted EPS was $0.67 versus $0.57. Income before income taxes was $1,496 million, compared with $1,312 million, while the reported pretax profit margin was 78%, versus 79% a year earlier.
Net interest income was the largest stated revenue contributor at $1.15 billion and increased 19%, primarily on higher average customer margin loans and customer credit balances. Commission revenue increased 12% to $602 million on 18% higher DARTs and higher regulatory fees passed through to customers. Other fees and services increased 33% to $88 million, while other income decreased 18% to $70 million. The non-GAAP reconciliation shows adjusted revenue excluded a $40 million currency diversification strategy adjustment and a $3 million mark-to-market adjustment.
Customer metrics showed broad year-over-year expansion. Customer accounts increased 35% to 5.58 million, customer equity increased 27% to $964.7 billion, customer credits increased 20% to $186.2 billion, and customer margin loans increased 36% to $105.2 billion. Trading activity was mixed by product: futures volume increased 13%, while stock and option volumes decreased 24% and 1%, respectively. Sequential operating data also showed total customer DARTs declined 11% from 2Q2026 and cleared average DARTs per account declined 19%.
Expense growth included execution, clearing and distribution fees of $134 million, up 46%, mainly due to a $30 million increase in regulatory fees from a higher SEC Section 31 transaction fee rate. Total non-interest expenses were $418 million versus $343 million. Net interest margin was 1.99 % for the quarter, below 2.16 % in the prior-year quarter, with annualized yields lower across segregated cash and securities, customer margin loans, and customer credit balances.
The balance sheet expanded through September 30, 2026, with total assets of $243,235 million and total equity of $23,251 million. The Board raised the quarterly cash dividend from $0.0875 per share to $0.15 per share, payable December 14, 2026 to shareholders of record on December 1, 2026. The release did not provide forward financial guidance.
Not in the filing
stated, not guessed- Forward revenue, margin, expense, tax-rate, EPS, operating-data, or other financial guidance
- Prior-release outlook for comparison
- Operating cash flow
- Free cash flow
- Share repurchases
- GAAP gross margin
- Non-GAAP gross margin
- Reported tax rate
- Named executive quotes
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The company furnished its 8-K with 3Q2026 results (quarter ended Sept. 30, 2026) and accompanying financial highlights and dividend declaration.
Ticker impact
Interactive Brokers Group reported 3Q2026 GAAP diluted EPS of $0.69 and net revenues of $1.91B, plus a dividend hike to $0.15.
Likely upward bias as the market digests EPS and revenue outperformance versus the year-ago quarter and the larger quarterly dividend.
The filing discloses the company’s own quarterly earnings, revenue, and a specific dividend increase with payable and record dates, which are direct inputs to valuation and sentiment.
Market effects
Broker-dealer earnings and net interest income trends can influence sentiment across retail and electronic brokerage peers.
Limited direct regional spillover; primarily US-listed broker sentiment.
As a global automated broker, results can marginally affect expectations for cross-asset trading activity and customer margin dynamics.
Counterpoint
Revenue growth is mixed by segment, with stocks and options volumes down, which could cap upside if the market focuses on activity rather than net interest income.
Key entities
- public_companyInteractive Brokers Group, Inc.
NASDAQ-listed automated global broker that reported 3Q2026 results and increased its quarterly cash dividend.
- governanceBoard of Directors
Declared the quarterly cash dividend increase from $0.0875 to $0.15 per share.
