Core Viewpoint - Interactive Brokers Group, Inc. (IBKR) reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and showing an increase from $0.44 per share a year ago, indicating a positive earnings surprise of +14.00% [1][2] Financial Performance - The company achieved revenues of $1.61 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 12.85%, compared to $1.37 billion in the same quarter last year [2] - Over the last four quarters, Interactive Brokers has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] Stock Performance - Interactive Brokers shares have increased approximately 58% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.46 on revenues of $1.38 billion, while for the current fiscal year, the estimate is $1.96 on revenues of $5.7 billion [7] - The trend of estimate revisions for Interactive Brokers was mixed ahead of the earnings release, which may change following the recent report [6] Industry Context - The Financial - Investment Bank industry, to which Interactive Brokers belongs, is currently ranked in the top 13% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - The company reported record net revenues and pre-tax income for Q3 2025, with commissions rising to a record $537 million, up 23% from the previous year [11] - Net interest income reached a quarterly record of $967 million, reflecting a 21% increase year-over-year, driven by higher segregated cash and margin loan balances [11][19] - Total net revenues increased by 21% compared to the previous year [5] Business Line Data and Key Metrics Changes - Commission revenue increased by 23% year-over-year, with options volume rising 27% and equity volumes up 67% [11][5] - The company added 790,000 net new accounts in Q3, exceeding the total added in all of last year [4] - Client equity surpassed $750 billion, up 40% from the previous year, compared to 16% growth for the S&P 500 [4] Market Data and Key Metrics Changes - The S&P 500 index rose 8% during the quarter, indicating positive market sentiment [3] - The company experienced strong trading volumes, with record options contracts at 418 million and a 67% increase in equities [5][11] Company Strategy and Development Direction - The company continues to focus on automating brokerage operations and expanding product offerings while minimizing costs [25] - New product introductions include tax-advantaged savings accounts in Japan and Sweden, as well as a proprietary connections feature for clients [8][9] - The company aims to enhance its global presence and product offerings, particularly in the cryptocurrency space [55] Management's Comments on Operating Environment and Future Outlook - Management noted a positive market environment with steady to declining interest rates, contributing to strong account growth and trading activity [3][4] - The company anticipates continued growth in client accounts and trading volumes, driven by a favorable economic backdrop [58] Other Important Information - The company has no long-term debt and reported total assets of $200 billion, a 35% increase from the previous year [16] - The firm ranked fourth in the number of hedge funds serviced, indicating strong competitive positioning [9] Q&A Session Summary Question: Impact of capital markets activity on securities lending revenue - Management indicated that securities lending revenue is influenced by customer balances and shorting activity, with potential benefits from increased IPOs and M&A activity [26] Question: Evidence of AI impacting trading volumes - Management acknowledged increased trading volumes but could not definitively attribute them to AI integration [27][29] Question: Trends in non-U.S. dollar balances and interest rate sensitivity - Management noted that as the business grows, the percentage of non-U.S. dollar balances increases, enhancing interest rate sensitivity [33] Question: Strategy for growing forecast contracts - The company is focusing on adding broker partners and increasing participation from direct customers in forecast contracts [39] Question: Recent trends in account growth and geographic client acquisition - Management confirmed continued strong account growth with no signs of deceleration, maintaining a diverse geographic client base [58][50]

Financial Data and Key Metrics Changes - The company reported record net revenues and pretax income for Q3 2025, with commissions rising to a record $537 million, up 23% from the previous year [15][16] - Net interest income reached a quarterly record of $967 million, reflecting a 21% increase year-over-year, driven by higher segregated cash and margin loan balances [16][24] - Total net revenues increased by 21%, with client equity surpassing $500 billion, up 40% from last year [6][7] Business Line Data and Key Metrics Changes - Commission revenue increased by 23% year-over-year, with options volume rising 27% and equity volumes up 67% [16][22] - The company added over 790,000 net new accounts in Q3, exceeding the total added in all of the previous year [6][7] - The trading volumes in newer products such as crypto and forecast contracts saw significant growth, with crypto trade volumes up 87% from the previous quarter [8][9] Market Data and Key Metrics Changes - The S&P 500 Index rose 8% during the quarter, indicating a positive market sentiment despite traditional concerns [5] - The company experienced strong net new account growth across all regions and client types, reflecting organic growth [5][6] Company Strategy and Development Direction - The company continues to focus on automating brokerage operations, expanding product offerings, and minimizing costs to enhance competitiveness [30] - New product introductions include tax-advantaged savings accounts in Japan and Sweden, as well as features like proprietary connections for investment insights [12][13] - The company aims to leverage its strong financial standing and competitive interest rates to attract more clients and expand its market presence [21][14] Management's Comments on Operating Environment and Future Outlook - Management noted a positive operating environment with steady to declining interest rates and a less restrictive regulatory environment [4][5] - The company anticipates continued growth in client accounts and trading volumes, driven by a favorable economic backdrop and innovative product offerings [30][31] Other Important Information - The company has no long-term debt and reported total assets 35% higher than the prior year, driven by increased margin lending and segregated cash balances [21] - The company ranked fourth in the number of hedge funds serviced, indicating a strong position in the prime brokerage space [13] Q&A Session Summary Question: Impact of capital markets activity on securities lending revenue - Management indicated that securities lending revenue is influenced by customer balances and shorting, with increased activity expected during IPOs and M&A [33][34] Question: Evidence of AI impacting trading volumes - Management acknowledged increased trading volumes but could not definitively attribute them to AI integration in trading [36][38] Question: Trends in non-U.S. dollar balances and interest rate sensitivity - Management explained that growth in client accounts leads to higher interest rate sensitivity, which is beneficial for the company [44][45] Question: Strategy for growing the forecast contracts business - The company is focusing on adding broker partners and increasing participation from direct customers in forecast contracts [51][52] Question: Margin loan growth and customer types - Management noted that margin loans increased significantly, driven by a general appetite for risk among clients [53][54] Question: Geographic client acquisition trends and regulatory impacts - Management confirmed that while client acquisition in China has slowed due to regulatory changes, it has not materially impacted overall growth [67][68] Question: Update on digital assets and crypto services - The company is working on offering cryptocurrency trading in Europe and plans to introduce stablecoin deposits and asset transfers [71][73]

Market Overview - Wall Street concluded the trading day lower, with the S&P 500 Index declining by 0.6%, the Dow Jones Industrial Average dropping 0.7%, and the Nasdaq Composite Index losing 0.5% due to concerns surrounding regional banks and credit quality [2][7] - Zions Bancorp's stock plummeted over 11% after announcing a $50 million charge-off related to problematic loans, intensifying worries about the banking sector [2][7] - Western Alliance Bancorp also faced a significant drop of over 10% following allegations of fraud by a borrower, further amplifying concerns about the health of regional banks [2] Company Performance - Jefferies Financial Group experienced a decline in its shares, falling more than 7% on Thursday and nearly 23% in October, potentially marking its worst month since March 2020 [3] - Morgan Stanley raised questions regarding Jefferies' risk management capabilities despite noting solid Q4 performance and a positive outlook on core business [3] - Interactive Brokers Group reported higher profit and revenue, with a 47% year-over-year increase in Daily Average Revenue Trades (DARTs), pushing its stock to a new 52-week high [4] Economic and Political Developments - Former President Donald Trump outlined his economic agenda, aiming to lower gasoline prices to $2 a barrel and reduce costs for IVF treatment, beef, and weight-loss drugs like Ozempic [5][7] - The US Justice Department is reportedly charging former Trump National Security Adviser John Bolton with handling classified documents, indicating ongoing political tensions [5] Broader Market Movements - Treasuries and gold rallied amidst a risk-off sentiment, while the Canadian dollar edged lower as oil prices hit a five-month low [6] - The Federal Reserve's discount-window loans saw a slight fall to $6.02 billion in the week ended October 15, down from $6.24 billion prior [6]

Core Insights - The online brokerage platform reported a profit of $263 million, or 59 cents per share, which is an increase from $184 million, or 42 cents per share, a year earlier [1] Financial Performance - The profit increased by $79 million year-over-year, reflecting a significant growth in earnings [1] - Earnings per share rose by 40.5% from the previous year [1]

Core Insights - Interactive Brokers Group, Inc. reported third-quarter earnings of 57 cents per share, surpassing the analyst estimate of 54 cents [2] - Quarterly revenue reached $1.65 billion, exceeding the analyst consensus estimate of $1.5 billion and up from $1.36 billion in the same period last year [2] Financial Performance - Commission revenue increased by 23% to $537 million, driven by higher customer trading volumes, with stock trading volume up 67% and options trading volume up 27%, while futures trading volume decreased by 7% [4] - Net interest income rose by 21% to $967 million, attributed to stronger securities lending activity and higher average customer margin loans and credit balances [4] - Other fees and services decreased by 8% to $66 million, primarily due to a $12 million drop in risk exposure fees, partially offset by a $3 million increase in FDIC sweep fees [4] - Execution, clearing, and distribution fees fell by 21% to $92 million, influenced by lower regulatory fees [4] - General and administrative expenses decreased significantly by 59% to $62 million, mainly due to the non-recurrence of $88 million related to legal and regulatory matters and $12 million related to the consolidation of European subsidiaries [4] Profitability Metrics - The pretax profit margin for the current quarter was 79%, both as reported and adjusted, compared to 67% as reported and 66% as adjusted in the year-ago quarter [4] - Total equity stood at $19.5 billion [4]

[Executive Summary](index=1&type=section&id=Executive%20Summary) [3Q2025 Headline Results](index=1&type=section&id=3Q2025%20Headline%20Results) Interactive Brokers Group announced strong results for the quarter ended September 30, 2025, with significant year-over-year increases in both GAAP and adjusted diluted EPS, net revenues, and income before income taxes | Metric | 3Q2025 (GAAP) | 3Q2025 (Adjusted) | 3Q2024 (GAAP) | 3Q2024 (Adjusted) | | :-------------------------- | :-------------- | :---------------- | :-------------- | :---------------- | | Diluted EPS | $0.59 | $0.57 | $0.42 | $0.40 | | Net Revenues (Millions) | $1,655 | $1,610 | $1,365 | $1,327 | | Income Before Taxes (Millions) | $1,312 | $1,267 | $909 | $871 | [Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company reported robust growth in commission revenue and net interest income, alongside significant reductions in general and administrative expenses, leading to a higher pretax profit margin - The Board of Directors declared a quarterly cash dividend of **$0.08 per share**, payable on December 12, 2025[4](index=4&type=chunk) Key Financial Performance Indicators (YoY Change) | Metric | 3Q2025 Value | YoY Change | | :-------------------------------- | :------------- | :--------- | | Commission revenue | $537 million | +23% | | Net interest income | $967 million | +21% | | Other fees and services | $66 million | -8% | | Execution, clearing and distribution fees | $92 million | -21% | | General and administrative expenses | $62 million | -59% | | Pretax profit margin (reported/adjusted) | 79% | +12 pp / +13 pp | | Total equity | $19.5 billion | N/A | - Commission revenue growth was driven by higher customer trading volumes in stocks (**+67%**) and options (**+27%**), despite a **7% decrease** in futures volume[6](index=6&type=chunk) - Net interest income increased due to stronger securities lending activity and higher average customer margin loans and customer credit balances[6](index=6&type=chunk) - General and administrative expenses decreased primarily due to the non-recurrence of **$88 million** related to legal and regulatory matters and **$12 million** from European subsidiary consolidation, partially offset by a **$10 million increase** in advertising expenses[6](index=6&type=chunk) [Business Highlights](index=2&type=section&id=Business%20Highlights) Other income saw a significant increase, though the company's currency diversification strategy had a negative impact on comprehensive earnings during the quarter - Other income increased **52%** to **$85 million**, mainly driven by **$42 million** from investing activities[7](index=7&type=chunk) - The currency diversification strategy decreased comprehensive earnings by **$33 million**, as the U.S. dollar value of the GLOBAL (a basket of 10 major currencies) decreased by approximately **0.25%**[8](index=8&type=chunk) [Operational Performance](index=2&type=section&id=Operational%20Performance) [Customer Statistics](index=2&type=section&id=Customer%20Statistics) Interactive Brokers demonstrated strong customer growth in 3Q2025, with significant year-over-year increases across key metrics such as total accounts, customer equity, and daily average revenue trades (DARTs) Customer Statistics (YoY Change) | Metric | 3Q2025 | 3Q2024 | % Change | | :-------------------------------- | :------- | :------- | :--------- | | Total Accounts (in thousands) | 4,127 | 3,120 | +32% | | Customer Equity (in billions) | $757.5 | $541.5 | +40% | | Total Customer DARTs (in thousands) | 3,616 | 2,703 | +34% | | Customer credits (in billions) | $154.8 | N/A | +33% | | Customer margin loans (in billions) | $77.3 | N/A | +39% | | Commission per Cleared Commissionable Order | $2.70 | $2.83 | -5% | Customer Statistics (QoQ Change) | Metric | 3Q2025 | 2Q2025 | % Change | | :-------------------------------- | :------- | :------- | :--------- | | Total Accounts (in thousands) | 4,127 | 3,866 | +7% | | Customer Equity (in billions) | $757.5 | $664.6 | +14% | | Total Customer DARTs (in thousands) | 3,616 | 3,552 | +2% | | Commission per Cleared Commissionable Order | $2.70 | $2.65 | +2% | | Cleared Avg. DARTs per Account (Annualized) | 195 | 206 | -5% | [Executed Order Volumes](index=7&type=section&id=Executed%20Order%20Volumes) Executed order volumes showed strong year-over-year growth in 3Q2025 for both customer and principal orders, with a moderate sequential increase from the previous quarter Executed Order Volumes (in thousands) | Period | Customer Orders | % Change (YoY) | Principal Orders | % Change (YoY) | Total Orders | % Change (YoY) | | :------- | :-------------- | :------------- | :--------------- | :------------- | :----------- | :------------- | | 3Q2024 | 171,620 | N/A | 17,722 | N/A | 189,342 | N/A | | 3Q2025 | 229,635 | +34% | 30,659 | +73% | 260,294 | +37% | | 2Q2025 | 220,215 | N/A | 28,372 | N/A | 248,587 | N/A | | 3Q2025 (QoQ) | 229,635 | +4% | 30,659 | +8% | 260,294 | +5% | [Contract and Share Volumes](index=7&type=section&id=Contract%20and%20Share%20Volumes) Customer trading volumes in options and stocks experienced substantial year-over-year growth, while futures volumes saw a decrease. Principal transactions showed declines across all categories Total Contract and Share Volumes (3Q2025 vs 3Q2024) | Product | 3Q2025 Volume (000's) | % Change (YoY) | | :-------- | :-------------------- | :------------- | | Options (contracts) | 428,524 | +24% | | Futures (contracts) | 52,233 | -8% | | Stocks (shares) | 119,250,686 | +65% | Customer Contract and Share Volumes (3Q2025 vs 3Q2024) | Product | 3Q2025 Volume (000's) | % Change (YoY) | | :-------- | :-------------------- | :------------- | | Options (contracts) | 418,389 | +27% | | Futures (contracts) | 51,936 | -7% | | Stocks (shares) | 118,307,826 | +67% | Principal Transaction Volumes (3Q2025 vs 3Q2024) | Product | 3Q2025 Volume (000's) | % Change (YoY) | | :-------- | :-------------------- | :------------- | | Options (contracts) | 10,135 | -29% | | Futures (contracts) | 297 | -60% | | Stocks (shares) | 942,860 | -31% | [Financial Statements](index=4&type=section&id=Financial%20Statements) [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) The consolidated statements of income show significant year-over-year growth in revenues and net income for both the three and nine months ended September 30, 2025, driven by increased commissions and net interest income, coupled with reduced non-interest expenses Consolidated Statements of Income (Three Months Ended September 30) | Metric | 2025 (Millions) | 2024 (Millions) | YoY Change | | :-------------------------------- | :-------------- | :-------------- | :--------- | | Commissions | $537 | $435 | +23.4% | | Total net revenues | $1,655 | $1,365 | +21.2% | | Total non-interest expenses | $343 | $456 | -24.8% | | Income before income taxes | $1,312 | $909 | +44.3% | | Net income | $1,186 | $834 | +42.2% | | Net income available for common stockholders | $263 | $184 | +42.9% | | Diluted EPS | $0.59 | $0.42 | +40.5% | Consolidated Statements of Income (Nine Months Ended September 30) | Metric | 2025 (Millions) | 2024 (Millions) | YoY Change | | :-------------------------------- | :-------------- | :-------------- | :--------- | | Commissions | $1,567 | $1,220 | +28.4% | | Total net revenues | $4,562 | $3,798 | +20.1% | | Total non-interest expenses | $1,091 | $1,143 | -4.6% | | Income before income taxes | $3,471 | $2,655 | +30.7% | | Net income | $3,156 | $2,438 | +29.4% | | Net income available for common stockholders | $700 | $538 | +30.1% | | Diluted EPS | $1.58 | $1.24 | +27.4% | [Consolidated Statements of Comprehensive Income](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) The consolidated statements of comprehensive income show a substantial increase in comprehensive income available for common stockholders for both the three and nine-month periods, despite a negative impact from cumulative translation adjustment in the current quarter Consolidated Statements of Comprehensive Income (Three Months Ended September 30) | Metric | 2025 (Millions) | 2024 (Millions) | YoY Change | | :-------------------------------- | :-------------- | :-------------- | :--------- | | Net income available for common stockholders | $263 | $184 | +42.9% | | Other comprehensive income (loss), net of tax | $(10) | $39 | -125.6% | | Comprehensive income available for common stockholders | $253 | $223 | +13.5% | | Diluted Comprehensive EPS | $0.57 | $0.51 | +11.8% | Consolidated Statements of Comprehensive Income (Nine Months Ended September 30) | Metric | 2025 (Millions) | 2024 (Millions) | YoY Change | | :-------------------------------- | :-------------- | :-------------- | :--------- | | Net income available for common stockholders | $700 | $538 | +30.1% | | Other comprehensive income (loss), net of tax | $97 | $11 | +781.8% | | Comprehensive income available for common stockholders | $797 | $549 | +45.2% | | Diluted Comprehensive EPS | $1.80 | $1.26 | +42.9% | [Condensed Consolidated Statements of Financial Condition](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Condition) The condensed consolidated statements of financial condition show substantial growth in total assets, liabilities, and equity as of September 30, 2025, compared to December 31, 2024, reflecting increased customer activity and segregated funds Condensed Consolidated Statements of Financial Condition (in millions) | Metric | Sep 30, 2025 | Dec 31, 2024 | Change | | :-------------------------------- | :----------- | :----------- | :----- | | Total assets | $200,222 | $150,142 | +33.4% | | Total liabilities | $180,742 | $133,545 | +35.3% | | Total equity | $19,480 | $16,597 | +17.4% | | Stockholders' equity | $5,106 | $4,280 | +19.3% | | Noncontrolling interests | $14,374 | $12,317 | +16.7% | | Cash - segregated for regulatory purposes | $48,784 | $36,600 | +33.3% | | Securities - segregated for regulatory purposes | $38,691 | $27,846 | +38.9% | | Receivables from customers, net | $77,588 | $64,432 | +20.4% | | Securities loaned | $27,031 | $16,248 | +66.4% | | Other payables: Customers | $149,442 | $115,343 | +29.6% | [Net Interest Margin Analysis](index=10&type=section&id=Net%20Interest%20Margin%20Analysis) [Net Interest Margin Performance](index=10&type=section&id=Net%20Interest%20Margin%20Performance) Net interest income increased significantly year-over-year for both the three and nine-month periods, driven by growth in average interest-earning assets and interest-bearing liabilities, although the net interest margin (NIM) slightly decreased Net Interest Margin (Three Months Ended September 30) | Metric | 2025 (Millions) | 2024 (Millions) | YoY Change | | :-------------------------------- | :-------------- | :-------------- | :--------- | | Average interest-earning assets | $183,747 | $138,709 | +32.5% | | Average interest-bearing liabilities | $162,815 | $121,124 | +34.4% | | Net interest income | $999 | $826 | +20.9% | | Net interest margin ("NIM") | 2.16% | 2.37% | -0.21 pp | | Annualized yield: Segregated cash and securities | 3.81% | 4.91% | -1.10 pp | | Annualized yield: Customer margin loans | 4.60% | 5.73% | -1.13 pp | | Annualized yield: Customer credit balances | 2.64% | 3.48% | -0.84 pp | Net Interest Margin (Nine Months Ended September 30) | Metric | 2025 (Millions) | 2024 (Millions) | YoY Change | | :-------------------------------- | :-------------- | :-------------- | :--------- | | Average interest-earning assets | $168,422 | $133,096 | +26.5% | | Average interest-bearing liabilities | $148,429 | $116,256 | +27.7% | | Net interest income | $2,654 | $2,393 | +10.9% | | Net interest margin ("NIM") | 2.11% | 2.40% | -0.29 pp | | Annualized yield: Segregated cash and securities | 3.88% | 4.96% | -1.08 pp | | Annualized yield: Customer margin loans | 4.71% | 5.79% | -1.08 pp | | Annualized yield: Customer credit balances | 2.69% | 3.51% | -0.82 pp | - FDIC sweeps represent the average amount of customer cash swept into FDIC-insured banks, with income from these deposits reported in other net interest income[25](index=25&type=chunk) [Non-GAAP Financial Measures Reconciliation](index=11&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliation) [Adjusted Financial Metrics](index=11&type=section&id=Adjusted%20Financial%20Metrics) Interactive Brokers provides non-GAAP adjusted financial measures to offer a clearer view of core operating results by excluding the effects of currency diversification strategy and mark-to-market on investments, which management believes are not indicative of underlying business performance - Management uses non-GAAP measures to evaluate core operating performance and facilitate meaningful comparisons, excluding items like currency diversification strategy and mark-to-market on investments[33](index=33&type=chunk) Adjusted Net Revenues (in millions) | Metric | 3Q2025 | 3Q2024 | | :-------------------------- | :----- | :----- | | Net revenues - GAAP | $1,655 | $1,365 | | Total non-GAAP adjustments | $(45) | $(38) | | Adjusted net revenues | $1,610 | $1,327 | Adjusted Income Before Income Taxes (in millions) | Metric | 3Q2025 | 3Q2024 | | :-------------------------------- | :----- | :----- | | Income before income taxes - GAAP | $1,312 | $909 | | Total non-GAAP adjustments | $(45) | $(38) | | Adjusted income before income taxes | $1,267 | $871 | Adjusted Diluted EPS | Metric | 3Q2025 | 3Q2024 | | :-------------------------- | :----- | :----- | | Diluted EPS - GAAP | $0.59 | $0.42 | | Total non-GAAP adjustments | $(0.02) | $(0.02) | | Adjusted diluted EPS | $0.57 | $0.40 | - The adjusted pre-tax profit margin for 3Q2025 was **79%**, compared to **66%** in the year-ago quarter[29](index=29&type=chunk) [Company Information & Disclosures](index=2&type=section&id=Company%20Information%20%26%20Disclosures) [About Interactive Brokers Group, Inc.](index=2&type=section&id=About%20Interactive%20Brokers%20Group%2C%20Inc.) Interactive Brokers Group, Inc. is an S&P 500 member and a global electronic broker providing automated trade execution and custody services across over 160 markets worldwide, serving diverse client segments with a sophisticated, low-cost platform - Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500[10](index=10&type=chunk) - Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over **160 markets** in numerous countries and currencies from a single unified platform[10](index=10&type=chunk) - The company serves individual investors, hedge funds, proprietary trading groups, financial advisors, and introducing brokers, leveraging four decades of focus on technology and automation[10](index=10&type=chunk) [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) Details for the 3Q2025 earnings conference call, including registration and webcast access - A conference call was held on October 16, 2025, at **4:30 p.m. ET** to discuss quarterly results[9](index=9&type=chunk) - Public listeners could register at `https://register-conf.media-server.com/register/BIac68f27184924c038fe4a9b3e32b300f` for dial-in details[9](index=9&type=chunk) - The conference call was also accessible via audio webcast through the Investor Relations section of `www.interactivebrokers.com/ir`[9](index=9&type=chunk) [Cautionary Note Regarding Forward-Looking Statements](index=3&type=section&id=Cautionary%20Note%20Regarding%20Forward-Looking%20Statements) The report includes a standard cautionary note regarding forward-looking statements, highlighting the inherent risks and uncertainties that could cause actual results to differ from projections - Forward-looking statements are subject to many risks, uncertainties, and factors that may cause actual results to be materially different from any expressed or implied future results[12](index=12&type=chunk) - The Company does not undertake to publicly update or revise its forward-looking statements[12](index=12&type=chunk) - Additional information on risk factors can be found in the Company's filings with the Securities and Exchange Commission[12](index=12&type=chunk) [Investor Relations Contact](index=3&type=section&id=Investor%20Relations%20Contact) Contact information for investor and media inquiries is provided - Investors can contact Nancy Stuebe at investor-relations@ibkr.com[13](index=13&type=chunk) - Media inquiries can be directed to Rob Garfield at media@ibkr.com[13](index=13&type=chunk)

Core Insights - Interactive Brokers Group, Inc. is set to release its third-quarter earnings on October 16, with analysts expecting earnings of 54 cents per share, an increase from 44 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $1.52 billion, up from $1.33 billion a year earlier [1] Recent Developments - On October 15, Interactive Brokers launched Ask IBKR, an AI-powered tool for instant portfolio insights through natural language queries [2] - Following the announcement, Interactive Brokers shares rose by 0.6%, closing at $69.77 [2] Analyst Ratings - Barclays analyst Benjamin Budish maintained an Overweight rating and raised the price target from $73 to $81 [5] - BMO Capital analyst Brennan Hawken initiated coverage with an Outperform rating and a price target of $82 [5] - Piper Sandler analyst Patrick Moley maintained an Overweight rating and increased the price target from $65 to $68 [5] - Citigroup analyst Christopher Allen maintained a Buy rating and raised the price target from $53.75 to $60 [5] - Goldman Sachs analyst James Yaro maintained a Buy rating and increased the price target from $212 to $240 [5]

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Core Insights - Whales have adopted a bullish stance on Interactive Brokers Group, with 55% of detected trades being bullish and 44% bearish [1] - The targeted price range for Interactive Brokers Group over the last three months is between $65.0 and $75.0 [2] Options Activity - A total of 9 trades were detected, comprising 3 puts valued at $137,925 and 6 calls valued at $326,147 [1] - Significant options trades include bearish and bullish sentiments, with notable trades involving calls and puts at strike prices of $65.00 and $75.00 [7] Volume and Open Interest - The volume and open interest metrics indicate liquidity and investor interest in Interactive Brokers Group's options, particularly within the $65.0 to $75.0 strike price range over the past 30 days [3] Company Overview - Interactive Brokers Group had nearly $570 billion in customer equity at the end of 2024, serving a sophisticated clientele including hedge funds and proprietary traders [8] - The company operates across more than 160 electronic exchanges in 36 countries and 28 currencies, with over 80% of active accounts located outside the US [9] Market Status - Recent expert opinions suggest an average target price of $81.5 for Interactive Brokers Group, with one analyst downgrading to Outperform at a price target of $82 and another maintaining an Overweight rating with a target of $81 [10][11] - The current stock price of IBKR is $69.43, reflecting a 0.1% increase, with upcoming earnings expected to be released soon [13]