Citable filing context
IBKR's research view summarizes recent SEC filing context, starting with other from Jul 31, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 31, 2026 | other | Interactive Brokers filed a prospectus supplement to issue 2,499,567 shares of common stock. |
| Jul 31, 2026 | other | Interactive Brokers registered up to 920,000 shares of common stock to be used for customer attraction promotions. |
| Jul 21, 2026 | earnings | Interactive Brokers reported Q2 2026 net revenues of $1.90 billion and diluted EPS of $0.69. |
| Aug 6, 2026 | mda_quarterly | Interactive Brokers (IBKR) reported strong growth for the quarter ended June 30, 2026, with income before income taxes rising 32% to $1.46 billion and a pretax profit margin of 77%. Net interest income remains a primary driver, benefiting from significant growth in average customer margin loans ($96.6 billion) and segregated cash balances ($97.6 billion), despite a decline in net interest margin to 1.93% as global benchmark rates softened. The firm’s securities lending business continues to scale, with average securities loaned balances surging 93% to $33.2 billion. While reported net interest from these activities decreased due to the accounting shift of interest income into segregated cash as benchmark rates rose, the underlying economic performance remains robust. Commission revenue also grew, supported by a 27% increase in Daily Average Revenue Trades (DARTs) and higher volumes across stocks, options, and futures. Operating expenses rose 17% to $440 million, largely due to higher regulatory fees—specifically the re-initiation of SEC Section 31 transaction fees—and increased employee compensation. The firm maintains a highly liquid balance sheet, with 99% of its $247.3 billion in assets considered liquid, providing sufficient capital to support ongoing operations and technology infrastructure investments without reliance on external financing. |
| May 7, 2026 | mda_quarterly | IBKR's net interest margin (NIM) decreased to 1.88% from 2.10% year-over-year, reflecting the impact of interest rate changes and the reclassification of interest income. Net interest income from securities lending significantly increased by 230% or $23 million, driven by a growing account base, increased inventory of international securities to lend, and higher activity in IPOs and M&A. Average securities borrowed balances rose 84% to $8.9 billion, and loaned balances increased 58% to $25.6 billion. Total net interest income from securities lending, when reclassified for reporting nuances, was $269 million, up from $186 million. Non-interest expenses increased 2% to $381 million. Employee compensation and benefits rose 8% to $167 million due to a 6% increase in average employees and inflation. Execution, clearing, and distribution fees decreased 12% to $106 million, primarily due to the SEC Section 31 transaction fee reduction to zero and higher liquidity rebates. General and administrative expenses increased 10% to $68 million, mainly from higher advertising. Income before taxes grew 22% to $1,288 million, with a pretax profit margin of 77%. Adjusted net revenues increased 20% to $1,680 million, and adjusted income before taxes rose 27% to $1,299 million. The company maintains a highly liquid balance sheet, with 99.0% of its $218.7 billion total assets considered liquid, and consolidated equity grew 22% to $21.3 billion. Operating cash flow was $3.6 billion, primarily from increased customer credit balances and securities loaned. Capital expenditures of $26 million focused on technology infrastructure. Inflation is noted as a factor in employee compensation, though stable as a percentage of net revenues. All U.S. government securities, held to maturity, have maturities within three months. |
| Feb 27, 2026 | business | Interactive Brokers Group, Inc. (IBKR) operates as an automated global broker, providing execution, clearing, and custody services to a diverse client base including hedge funds, registered investment advisors, proprietary trading groups, and individual investors. The company offers trading across a broad spectrum of products—stocks, options, futures, foreign exchange, bonds, mutual funds, ETFs, precious metals, and cryptocurrencies (via third-party providers)—on over 170 electronic exchanges in 40 countries and 29 currencies. IBKR's core competitive advantage stems from its proprietary technology, developed over nearly five decades, which automates broker-dealer functions, enables low-cost execution, and powers its IB SmartRouting system for optimal trade pricing. Key offerings include IBKR Pro for sophisticated investors seeking low costs and advanced routing, and IBKR Lite for commission-free U.S. stock and ETF trades. The firm emphasizes real-time, automated risk management, including continuous margin checks and liquidations to prevent excessive losses. IBKR is extensively regulated globally, maintaining significant aggregate excess regulatory capital of $14.1 billion as of December 31, 2025. Recent milestones include its August 2025 inclusion in the S&P 500, enhancing institutional investor interest, and a four-for-one stock split. The company continues to integrate AI into its platforms for enhanced analytics and customer experience. |
Source: SEC EDGAR filing text and events; period Jul 31, 2026; filed Jul 31, 2026.
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