# Interactive Brokers Group (IBKR) – Nasdaq – Q2 2025 Results
**Release Date:** July 17, 2025
Interactive Brokers Group, Inc. (Nasdaq: IBKR) has announced its financial results for the quarter ended June 30, 2025. Below is a summary of the key highlights from their earnings report:
## Financial Highlights
– **Diluted Earnings Per Share (EPS)**
– Reported: **$0.51** (increased by **24%** from **$0.41** in Q2 2024)
– Adjusted: **$0.51** (increased by **16%** from **$0.44** in Q2 2024)
– **Net Revenues**
– Reported: **$1,480 million** (increased by **20%** from **$1,230 million** in Q2 2024)
– Adjusted: **$1,480 million** (increased by **15%** from **$1,290 million** in Q2 2024)
– **Income Before Income Taxes**
– Reported: **$1,104 million** (increased by **25%** from **$880 million** in Q2 2024)
– Adjusted: **$1,104 million** (increased by **17%** from **$940 million** in Q2 2024)
– **Total Equity**
– **$18.5 billion**
## Revenue Breakdown
– **Commission Revenue**
– Increased by **27%** to **$516 million** (up from **$406 million** in Q2 2024) due to higher customer trading volumes.
– Trading volume increases:
– Stocks: **+31%**
– Options: **+24%**
– Futures: **+18%**
– **Net Interest Income**
– Increased by **9%** to **$860 million** (up from **$792 million** in Q2 2024).
– This includes a **$26 million** one-time credit related to the recovery of taxes withheld at source.
– **Other Fees and Services**
– Decreased by **9%** to **$62 million** (down from **$68 million** in Q2 2024), primarily due to a **$7 million** decrease in risk exposure fees.
– **Execution, Clearing, and Distribution Fees**
– Increased by **1%** to **$116 million** (up from **$115 million** in Q2 2024). Contributions included a new FINRA fee and increased trading volume.
– **General and Administrative Expenses**
– Increased by **17%** to **$61 million** (up from **$52 million** in Q2 2024), driven by an **$8 million** rise in advertising expenditures.
– **Pretax Profit Margin**
– Remained steady at **75%**, compared to **72%** (reported) and **73%** (adjusted) in Q2 2024.
## Business Highlights
– **Customer Accounts**
– Increased by **32%** to **3.87 million** from **2.93 million** in Q2 2024.
– **Customer Equity**
– Increased by **34%** to **$664.6 billion** from **$497.2 billion** in Q2 2024.
– **Total Daily Average Revenue Trades (DARTs)**
– Increased by **49%** to **3.55 million** from **2.39 million** in Q2 2024.
– **Customer Margin Loans**
– Increased by **18%** to **$65.1 billion** from **$55.3 billion** in Q2 2024.
## Other Financial Metrics
– Other income amounted to a gain of **$42 million**, which represents a significant turnaround from a loss of **$36 million** in Q2 2024.
– The currency diversification strategy contributed **$301 million** to comprehensive earnings.
## Dividend and Share Repurchase
– The Board declared a quarterly cash dividend of **$0.08 per share**, payable on September 12, 2025, to shareholders of record as of September 1, 2025.
This summary reflects a significant performance improvement in key financial metrics for Interactive Brokers Group in Q2 2025 compared to the same quarter in the previous year. The highlighted growth rates signify a robust operational performance, with notable increases in customer accounts and equity, alongside a strong margin.
| Revenues: | Three Months Ended June 30, | Six Months Ended June 30, | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Commissions | $ 516 | $ 406 | $ 1,030 | $ 785 |
| Other fees and services | 62 | 68 | 140 | 127 |
| Other income (loss) | 42 | -36 | 107 | -18 |
| Total non-interest income | 620 | 438 | 1,277 | 894 |
| Interest income | 1,891 | 1,828 | 3,609 | 3,588 |
| Interest expense | -1,031 | -1,036 | -1,979 | -2,049 |
| Total net interest income | 860 | 792 | 1,630 | 1,539 |
| Total net revenues | 1,480 | 1,230 | 2,907 | 2,433 |
| Non-interest expenses: | ||||
| Execution, clearing and distribution fees | 116 | 115 | 237 | 216 |
| Employee compensation and benefits | 163 | 146 | 317 | 291 |
| Occupancy, depreciation and amortization | 24 | 25 | 48 | 51 |
| Communications | 11 | 10 | 21 | 20 |
| General and administrative | 61 | 52 | 123 | 102 |
| Customer bad debt | 1 | 2 | 2 | 7 |
| Total non-interest expenses | 376 | 350 | 748 | 687 |
| Income before income taxes | 1,104 | 880 | 2,159 | 1,746 |
| Income tax expense | 98 | 71 | 189 | 142 |
| Net income | 1,006 | 809 | 1,970 | 1,604 |
| Net income attributable to noncontrolling interests | 782 | 630 | 1,533 | 1,250 |
| Net income available for common stockholders | $ 224 | $ 179 | $ 437 | $ 354 |
| Earnings per share1: | ||||
| Basic | $ 0.51 | $ 0.42 | $ 1.00 | $ 0.82 |
| Diluted | $ 0.51 | $ 0.41 | $ 0.99 | $ 0.82 |
| Weighted average common shares outstanding1: | ||||
| Basic | 438,457,863 | 430,876,080 | 437,083,330 | 429,579,700 |
| Diluted | 441,439,924 | 434,507,344 | 440,459,081 | 433,552,552 |
| Assets | June 30, 2025 | December 31, 2024 |
|---|---|---|
| Cash and cash equivalents | $ 4,688 | $ 3,633 |
| Cash – segregated for regulatory purposes | 45,057 | 36,600 |
| Securities – segregated for regulatory purposes | 36,972 | 27,846 |
| Securities borrowed | 10,145 | 5,369 |
| Securities purchased under agreements to resell | 9,529 | 6,575 |
| Financial instruments owned, at fair value | 3,856 | 1,924 |
| Receivables from customers, net of allowance for credit losses | 65,346 | 64,432 |
| Receivables from brokers, dealers and clearing organizations | 4,074 | 2,196 |
| Other assets | 1,808 | 1,567 |
| Total assets | $ 181,475 | $ 150,142 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | $ 8 | $ 14 |
| Securities loaned | 21,229 | 16,248 |
| Financial instruments sold but not yet purchased, at fair value | 494 | 293 |
| Other payables: | ||
| Customers | 138,417 | 115,343 |
| Brokers, dealers and clearing organizations | 1,682 | 476 |
| Other payables | 1,127 | 1,171 |
| 141,226 | 116,990 | |
| Total liabilities | 162,957 | 133,545 |
| Equity | ||
| Stockholders’ equity | 4,825 | 4,280 |
| Noncontrolling interests | 13,693 | 12,317 |
| Total equity | 18,518 | 16,597 |
| Total liabilities and equity | $ 181,475 | $ 150,142 |
