Revenue Growth Momentum
IBKR reported Q1 FY2026 revenue of $699M, up 18.1% from $592M in the prior-year period, reflecting continued expansion in its brokerage and trading operations amid favorable market activity.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Interactive Brokers (IBKR) delivered strong Q1 FY2026 results with revenue rising 18.1% YoY to $699M and diluted EPS growing 22.9% to $0.59, driven by robust operating cash flow of $3.6B.
Revenue
$699M
+18.07% YoY
EPS (Diluted)
$0.59
+22.92% YoY
Source: SEC XBRL
Interactive Brokers Group (IBKR) reported Q1 FY2026 revenue of $699M, up 18.1% year over year. Operating cash flow was $3.61B, up 39.7% year over year. IBKR's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.69 | 0.65 | Beat +6.0% |
| Mar 2026This filing | 0.60 | 0.61 | Miss -2.2% |
| Dec 2025 | 0.65 | 0.60 | Beat +7.8% |
| Sep 2025 | 0.57 | 0.55 | Beat +3.1% |
Adjusted (non-GAAP) EPS of $0.60 versus the $0.61 analyst consensus — a -2.2% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.59.
Compiled by AI from this SEC filing
IBKR reported Q1 FY2026 revenue of $699M, up 18.1% from $592M in the prior-year period, reflecting continued expansion in its brokerage and trading operations amid favorable market activity.
Source: 10-Q Income Statement
Basic EPS rose 22.4% YoY to $0.60 and diluted EPS increased 22.9% to $0.59, outpacing revenue growth and suggesting improving profitability per share, likely aided by operating leverage.
Source: 10-Q Income Statement
Operating cash flow surged 39.7% YoY to $3.61B from $2.58B, indicating the business is generating significantly more cash from its core brokerage operations quarter over quarter.
Source: 10-Q Cash Flow Statement
Total assets grew 38.7% YoY to $218.75B, primarily driven by client account growth and increased brokerage activity, while stockholders' equity rose 24.1% to $5.59B, reflecting retained earnings accumulation.
Source: 10-Q Balance Sheet
SG&A expenses increased a modest 9.7% YoY to $68M, well below the 18.1% revenue growth rate, demonstrating disciplined cost management and contributing to margin improvement.
Source: 10-Q Income Statement
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
IBKR's debt-to-equity ratio stands at approximately 35.4x, which is characteristic of broker-dealers that carry large client margin and custody balances on their balance sheet. However, this level of leverage means that adverse market conditions or sudden client withdrawals could stress the firm's capital position significantly.
Source: 10-Q Balance Sheet, Key Ratios
Total liabilities grew 40.9% YoY to $197.49B, outpacing the 38.7% growth in total assets. This divergence, if sustained, could compress equity buffers and increase the firm's vulnerability to credit or liquidity events.
Source: 10-Q Balance Sheet
As a broker-dealer, IBKR's net interest income is highly sensitive to changes in benchmark interest rates. A reversal in the rate environment could materially reduce revenue from margin lending and cash sweep programs, which are key profit drivers.
Source: 10-Q Income Statement
Financing cash outflows increased 40.4% YoY to -$316M from -$225M, suggesting higher capital returns or debt repayments that could limit financial flexibility if operating conditions deteriorate.
Source: 10-Q Cash Flow Statement
As a registered broker-dealer, IBKR is subject to stringent net capital rules from regulators such as the SEC and FINRA. Any failure to maintain required capital ratios could result in operational restrictions or forced deleveraging at an inopportune time.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 699.00 $M | 592.00 $M | +18.07% |
EPS (Basic) $ | 0.60 $ | 0.49 $ | +22.45% |
EPS (Diluted) $ | 0.59 $ | 0.48 $ | +22.92% |
SG&A Expense $M | 68.00 $M | 62.00 $M | +9.68% |
Answers draw on this SEC filing and the data on this page
Interactive Brokers posted strong Q2 FY2026 growth fueled by record customer engagement and higher interest income, with diluted EPS rising to $0.69 despite currency headwinds.
IBKR delivered strong FY2025 results with revenue surging 23.4% to $2.44B and operating cash flow nearly doubling to $15.81B, reflecting robust client activity and balance sheet expansion.
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