Interactive Brokers (IBKR) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
2.5B
Gross Profit
2.2B
88.70%
Operating Income
2.1B
84.81%
Net Income
1.0B
40.75%
EPS (Diluted)
$0.51
Balance Sheet Metrics
Total Assets
157.7B
Total Liabilities
140.2B
Shareholders Equity
17.5B
Debt to Equity
8.02
Cash Flow Metrics
Operating Cash Flow
1.9B
Free Cash Flow
2.6B
Revenue & Profitability Trend
Interactive Brokers Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 9.3B | 7.8B | 4.2B | 2.9B | 2.4B |
| Cost of Goods Sold | 1.0B | 913.0M | 778.0M | 635.0M | 618.0M |
| Gross Profit | 8.3B | 6.9B | 3.4B | 2.3B | 1.8B |
| Gross Margin % | 89.0% | 88.3% | 81.4% | 78.4% | 74.5% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 353.0M | 252.0M | 198.0M | 209.0M | 262.0M |
| Other Operating Expenses | - | - | - | -35.0M | -78.0M |
| Total Operating Expenses | 353.0M | 252.0M | 198.0M | 174.0M | 184.0M |
| Operating Income | 7.8B | 6.5B | 3.1B | 2.0B | 1.5B |
| Operating Margin % | 84.2% | 83.8% | 74.6% | 68.6% | 60.8% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 4.2B | 3.4B | 1.0B | 224.0M | 261.0M |
| Other Non-Operating Income | 45.0M | -18.0M | -110.0M | -5.0M | 46.0M |
| Pre-tax Income | 3.7B | 3.1B | 2.0B | 1.8B | 1.3B |
| Income Tax | 288.0M | 257.0M | 156.0M | 151.0M | 77.0M |
| Effective Tax Rate % | 7.8% | 8.4% | 7.8% | 8.4% | 6.1% |
| Net Income | 3.4B | 2.8B | 1.8B | 1.6B | 1.2B |
| Net Margin % | 36.6% | 36.1% | 43.9% | 55.6% | 48.7% |
| Key Metrics | |||||
| EBITDA | 8.0B | 6.7B | 3.2B | 2.1B | 1.6B |
| EPS (Basic) | $1.75 | $5.72 | $3.78 | $3.27 | $2.44 |
| EPS (Diluted) | $1.73 | $5.67 | $3.75 | $3.24 | $2.42 |
| Basic Shares Outstanding | 432045780 | 104965050 | 100460016 | 94167572 | 79918033 |
| Diluted Shares Outstanding | 432045780 | 104965050 | 100460016 | 94167572 | 79918033 |
Income Statement Trend
Interactive Brokers Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 3.6B | 3.8B | 3.4B | 2.4B | 4.3B |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 64.4B | 44.5B | 38.8B | 54.9B | 39.3B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | 135.2B | 114.5B | 103.0B | 99.4B | 88.8B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | - | - | - | - | 37.0M |
| Intangible Assets | - | - | - | - | 37.0M |
| Long-term Investments | - | - | 396.0M | 559.0M | 544.0M |
| Other Non-Current Assets | 1.1B | 1.1B | 926.0M | 911.0M | 594.0M |
| Total Non-Current Assets | 14.9B | 13.9B | 12.1B | 9.8B | 6.9B |
| Total Assets | 150.1B | 128.4B | 115.1B | 109.1B | 95.7B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 116.5B | 102.3B | 94.0B | 86.7B | 76.4B |
| Short-term Debt | 14.0M | 17.0M | 18.0M | 27.0M | 118.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | 11.3B | 8.9B | 11.8B | 9.8B |
| Total Current Liabilities | 117.0B | 102.8B | 94.4B | 86.9B | 76.7B |
| Non-Current Liabilities | |||||
| Long-term Debt | - | 11.3B | 8.9B | 11.8B | 9.8B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 16.2B | 11.3B | 8.9B | 11.8B | 9.8B |
| Total Non-Current Liabilities | 16.5B | 11.5B | 9.1B | 12.0B | 10.0B |
| Total Liabilities | 133.5B | 114.4B | 103.5B | 98.9B | 86.7B |
| Equity | |||||
| Common Stock | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M |
| Retained Earnings | 2.5B | 1.9B | 1.3B | 953.0M | 683.0M |
| Treasury Stock | 7.0M | 3.0M | 6.0M | 5.0M | 3.0M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 16.6B | 14.1B | 11.6B | 10.2B | 9.0B |
| Key Metrics | |||||
| Total Debt | 14.0M | 11.4B | 9.0B | 11.8B | 10.0B |
| Working Capital | 18.2B | 11.7B | 8.6B | 12.4B | 12.1B |
Balance Sheet Composition
Interactive Brokers Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 3.4B | 2.8B | 1.8B | 1.6B | 1.2B |
| Depreciation & Amortization | 96.0M | 94.0M | 84.0M | 74.0M | 62.0M |
| Stock-Based Compensation | 112.0M | 100.0M | 92.0M | 80.0M | 65.0M |
| Working Capital Changes | 5.0B | 1.0B | 2.0B | 3.5B | 6.8B |
| Operating Cash Flow | 8.7B | 4.1B | 4.1B | 5.3B | 8.2B |
| Investing Activities | |||||
| Capital Expenditures | -49.0M | -49.0M | -69.0M | -77.0M | -50.0M |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -40.0M | -26.0M | -5.0M | -116.0M | -5.0M |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -89.0M | -75.0M | -74.0M | -193.0M | -55.0M |
| Financing Activities | |||||
| Share Repurchases | -54.0M | -34.0M | -20.0M | -27.0M | -17.0M |
| Dividends Paid | -92.0M | -42.0M | -40.0M | -38.0M | -32.0M |
| Debt Issuance | - | 0 | 0 | 1.4B | 116.0M |
| Debt Repayment | - | 0 | 0 | -1.5B | -20.0M |
| Financing Cash Flow | -833.0M | -624.0M | -470.0M | -523.0M | -229.0M |
| Free Cash Flow | 8.7B | 4.5B | 3.9B | 5.8B | 8.0B |
| Net Change in Cash | 7.8B | 3.4B | 3.5B | 4.6B | 7.9B |
Cash Flow Trend
Interactive Brokers Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
33.15
Forward P/E
9.16
Price to Book
5.79
Price to Sales
19.09
PEG Ratio
-0.48
Profitability Ratios
Profit Margin
14.87%
Operating Margin
74.68%
Return on Equity
22.39%
Return on Assets
2.37%
Financial Health
Current Ratio
1.11
Debt to Equity
117.15
Beta
1.22
Per Share Data
EPS (TTM)
$1.91
Book Value per Share
$10.93
Revenue per Share
$12.92
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ibkr | 107.6B | 33.15 | 5.79 | 22.39% | 14.87% | 117.15 |
| Morgan Stanley | 230.9B | 16.36 | 2.35 | 14.13% | 22.49% | 438.54 |
| Goldman Sachs | 221.2B | 16.10 | 1.94 | 12.74% | 28.40% | 588.39 |
| Charles Schwab | 174.5B | 25.84 | 4.09 | 15.60% | 33.68% | 111.87 |
| Robinhood Markets | 101.5B | 57.66 | 12.56 | 23.54% | 50.13% | 161.17 |
| Morgan Stanley | 41.4B | - | 0.42 | 14.13% | 22.49% | 438.54 |
Financial data is updated regularly. All figures are in the company's reporting currency.