Interactive Brokers Group, Inc.

Interactive Brokers Group, Inc. operates an automated global brokerage platform that executes, clears, and settles trades for institutional and individual customers. The company is built around proprietary technology that gives clients access to stocks, options, futures, forex, bonds, mutual funds, ETFs, precious metals, cryptocurrencies, and forecast contracts across global exchanges at low cost.

178,6 %

+23,4 %

— Interactive Brokers Group, Inc.
%
Retail and institutional brokerage55% Core electronic brokerage services for trading and account servicing across global markets.
Commissions35% Trading commissions from cleared and non-cleared customer orders, including IBKR Lite order routing payments.
Net interest income8% Interest earned on customer balances, margin lending, and related financing activities.
Other fees and services2% Ancillary account, service, and platform-related fees.

Interactive Brokers serves active individual investors and a broad mix of institutional clients that need low-cost,...

  • Individual investorsprimary

    Retail clients use the platform for low-cost execution across global asset classes and currencies.

  • Hedge fundsprimary

    Institutional clients buy prime brokerage, financing, and securities lending services.

  • Financial advisorssecondary

    Advisors use model portfolio technology, share allocation, and rebalancing tools.

  • Proprietary trading firmssecondary

    Trading firms use high-speed execution and broad exchange access for active strategies.

  • Introducing brokerssecondary

    These firms use IBKR's platform and pricing to serve their own end clients.

The business is globally distributed, with customers in over 200 countries and territories and approximately 84% of...

  • •Customers are in over 200 countries and territories
  • •Approximately 84% of customers reside outside the U.S.
  • •Trading access spans 170+ exchanges and market centers
  • •Operations generated about 30% of net revenues outside the U.S.
  • •Business is exposed to currency, regulatory, and market differences by region

Interactive Brokers' strategy is to keep expanding its automated platform, product set, and global market access while...

01
Broaden global product and market accessmedium-term

More tradable instruments and venues deepen client usage and strengthen retention.

02
Maintain low-cost automated executionshort-term

Low commissions and efficient processing are core differentiators versus banks and online brokers.

03
Grow outside the U.S.medium-term

International customers are a major source of growth and diversify the client base.

04
Deepen institutional product specializationmedium-term

Prime brokerage, financing, and advisor tools help win higher-value accounts.

The company is exposed to market, liquidity, credit, operational, legal, and regulatory risks because its revenues and...

high

Market downturns or systemic market events

Brokerage revenue and customer activity depend on trading volumes and market participation.

Scope
Commissions, margin lending, and customer balances
Materiality
high
high

Counterparty and customer default risk

The firm extends margin loans and participates in repos, securities lending, and clearing arrangements.

Scope
Margin loans, collateral, clearing houses, banks and securities firms
Materiality
high
high

Operational and technology risk

The business relies on automated routing, clearing, reconciliation, and real-time controls.

Scope
Trading platform, clearing systems, market connectivity
Materiality
high
medium

International regulatory and currency risk

A large share of customers and operating subsidiaries are outside the U.S., exposing the firm to local rules and FX moves.

Scope
Operating subsidiaries outside the U.S.
Materiality
high
medium

Governance and structure risk

Control by the founder and dependence on IBG LLC cash distributions can affect minority holders.

Scope
Holding company structure and voting control
Materiality
medium
Contingencies and regulatory accruals
Affects legal reserves and earnings volatility
Mark-to-market on investments
Can create non-core earnings swings
Currency diversification strategy
Affects comparability between GAAP and non-GAAP performance
Interest income and expense recognition
Material influence on total net revenues
Off-balance-sheet futures exposure
Can create losses not fully reflected in the balance sheet

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: 11/08/2026