Analyst Consensus ?
ConsensusHold19 ratings
Bullish947.4%
Neutral947.4%
Bearish15.2%
Interactive Brokers Group, Inc. · IBKR · FY2025 Q1 · Calendar Q2 2025
Interactive Brokers: Record Growth, With Margin Sensitivity
The supplied analysis supports a constructive operating picture for Interactive Brokers: account inflows, trading-volume growth, product expansion and strong profitability provide evidence of resilient demand. The main counterweights are margin-loan sensitivity, market volatility, tariff uncertainty and regulatory execution; the incomplete reported-versus-consensus scorecard limits confidence in a broader earnings-growth conclusion.
Reported After market closeNASDAQFinancial Services
$151.19B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.88
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.37B
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-8.9%
Event window
SPY move
-2.2%
Same window
Abnormal move
-6.7%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
+31.1%
Up to 20 sessions
IBKRSPY benchmark
Ask FN2 about IBKR FY2025 Q1
Transcript, numbers and history already loaded
What drove IBKR's -8.9% move after FY2025 Q1 earnings?What changed in IBKR's guidance and outlook in FY2025 Q1?Give me the bull and bear case for IBKR after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the latest analysis emphasizes continued account and trading-volume momentum, expanded crypto and Forecast X availability, and a maintained guidance stance. It also adds a clearer near-term counterpoint: margin loans fell about 12% as clients deleveraged during market volatility.
Guidance delta
Guidance sentiment was maintained; no quantitative guidance change was supplied.
Key takeaways
- The analysis highlights record net revenue and a 74% adjusted pre-tax margin.
- Account growth and client equity increased, while options, futures and stock-share volumes expanded.
- Margin loans declined about 12% as clients deleveraged amid volatility and tariff uncertainty.
- Product expansion includes crypto assets, Forecast X contracts and additional overnight order types.
Management priorities
- Expand the product suite, including crypto and Forecast X contracts.
- Continue global account acquisition and automate additional operating processes.
- Maintain dividend growth while evaluating strategic acquisitions.
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Beat
Miss
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Analyst 52W Price Targets
$84.21Current
$100Low
$115.73Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 14, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Oct 7, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 7, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 6, 2026 |
| B of A Securities | Buy | Buy | Maintain | Oct 5, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 2, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 15, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 6, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 7, 2025 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Jan 13, 2025 |
| Credit Suisse | Outperform | Outperform | Maintain | Apr 21, 2021 |
| Compass Point | Buy | Neutral | Upgrade | Dec 2, 2020 |
| Wells Fargo | Underweight | Underweight | Maintain | Jul 10, 2020 |
| Rosenblatt | Neutral | Neutral | Maintain | Jul 13, 2017 |
| Keefe Bruyette & Woods | Market Perform | Outperform | Downgrade | Apr 19, 2017 |
| Buckingham Research | Neutral | Neutral | Maintain | May 12, 2016 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Mar 23, 2016 |
| BGB Securities | Hold | Hold | Maintain | Dec 13, 2012 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Jul 10, 2012 |
| Stifel | Hold | Buy | Downgrade | Jul 10, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $84.21. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Deutsche Bank | Brian B | $102 | $87.87 | +21.1% | Oct 12, 2026 |
| Evercore ISI | Analyst unavailable | $100 | $87.87 | +18.8% | Oct 12, 2026 |
| Barclays | Benjamin Budish | $115 | $90.58 | +36.6% | Oct 7, 2026 |
| UBS | Michael Brown | $101 | $90.58 | +19.9% | Oct 7, 2026 |
| Capital One Financial | Analyst unavailable | $105 | $90.55 | +24.7% | Oct 6, 2026 |
| Goldman Sachs | James Yaro | $111 | $85.81 | +31.8% | Oct 1, 2026 |
| Wells Fargo | Analyst unavailable | $102 | $85.81 | +21.1% | Oct 1, 2026 |
| Goldman Sachs | Analyst unavailable | $113 | $90.39 | +34.2% | Sep 1, 2026 |
| UBS | Analyst unavailable | $102 | $97.29 | +21.1% | Sep 1, 2026 |
| BMO Capital | Analyst unavailable | $110 | $92.84 | +30.6% | Jul 22, 2026 |
| Piper Sandler | Analyst unavailable | $109 | $94.42 | +29.4% | Jul 22, 2026 |
| Barclays | Analyst unavailable | $114 | $94.42 | +35.4% | Jul 22, 2026 |
| Piper Sandler | Analyst unavailable | $105 | $95.61 | +24.7% | Jul 15, 2026 |
| Barclays | Benjamin Budish | $108 | $95.48 | +28.3% | Jul 9, 2026 |
| Goldman Sachs | Analyst unavailable | $98 | $79.5 | +16.4% | May 1, 2026 |
| BMO Capital | Analyst unavailable | $82 | $74.93 | -2.6% | Jan 21, 2026 |
| Barclays | Analyst unavailable | $83 | $71.51 | -1.4% | Jan 21, 2026 |
| Barclays | Analyst unavailable | $82 | $71.34 | -2.6% | Jan 8, 2026 |
| BMO Capital | Analyst unavailable | $84 | $68.52 | -0.2% | Oct 17, 2025 |
| Goldman Sachs | Analyst unavailable | $91 | $68.52 | +8.1% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $80 | $68.52 | -5.0% | Oct 17, 2025 |
| Piper Sandler | Analyst unavailable | $80 | $70.52 | -5.0% | Oct 14, 2025 |
| Barclays | Analyst unavailable | $81 | $69.35 | -3.8% | Oct 8, 2025 |
| Barclays | Benjamin Budish | $193 | $157.9 | +129.2% | Apr 16, 2025 |
| Piper Sandler | Patrick Moley | $200 | $191.17 | +137.5% | Jan 7, 2025 |
| Piper Sandler | Patrick Moley | $163 | $148.57 | +93.6% | Oct 8, 2024 |
| Barclays | Benjamin Budish | $166 | $147.85 | +97.1% | Oct 7, 2024 |
| Barclays | Benjamin Budish | $145 | $125.25 | +72.2% | Jul 10, 2024 |
| Jefferies | Daniel Fannon | $150 | $123.37 | +78.1% | Jul 8, 2024 |
| Jefferies | Daniel Fannon | $138 | $113.27 | +63.9% | Apr 17, 2024 |
| Barclays | Benjamin Budish | $136 | $109.31 | +61.5% | Apr 17, 2024 |
| Raymond James | James Yaro | $102 | $87.32 | +21.1% | Jan 9, 2024 |
| Goldman Sachs | James Yaro | $102 | $87.72 | +21.1% | Jan 9, 2024 |
| Barclays | Analyst unavailable | $90 | $69.49 | +6.9% | Dec 19, 2022 |
| Goldman Sachs | Analyst unavailable | $90 | $66.76 | +6.9% | Apr 20, 2022 |
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Start freeCompany context
Snapshot as of publicationInteractive Brokers Group, Inc. operates as a sophisticated electronic brokerage, serving clients across the United States and globally. This firm manages the trading, clearing, and settlement for a broad spectrum of financial instruments, including equities, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and digital currencies. Beyond its core brokerage activities, the company provides custodial and administrative account services tailored for various entities such as hedge funds, mutual funds, ETFs, registered investment advisors, proprietary trading desks, introducing brokers, and individual investors. Its suite of services also includes custody solutions, prime brokerage, and financing options like securities lending and margin lending. Interactive Brokers caters to both institutional and individual clientele, utilizing advanced electronic exchanges and market platforms. The company was established in 1977 and maintains its headquarters in Greenwich, Connecticut.
Historical context
All IBKR earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MS-PF Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Record Q3 led by wealth and institutional strength |
| WFC-PD Wells Fargo & Company | FY2026 Q3 · Calendar Q4 2026 | +1.1% | — | Wells Fargo pairs loan growth with digital-payments investment |
| WFC-PA Wells Fargo & Company | FY2026 Q3 · Calendar Q4 2026 | +1.1% | — | Wells Fargo Keeps Outlook While Expanding Digital Finance Efforts |
| WFC Wells Fargo & Company | FY2026 Q3 · Calendar Q4 2026 | +1.1% | -3.1% | Wells Fargo posts Q3 growth as AI and payments expand the strategy |
| WFC-PY Wells Fargo & Company | FY2026 Q3 · Calendar Q4 2026 | +1.1% | — | Wells Fargo: Growth broadens as margin and credit risks remain in focus |
| WFC-PZ Wells Fargo & Company | FY2026 Q3 · Calendar Q4 2026 | +1.1% | — | Wells Fargo: Growth Holds, but Rate and CRE Risks Remain |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-01T00:02:13.289232+00:00
- Polygon adjusted daily market bars · 2026-10-14T14:30:43.291195+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T14:30:43.288370+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-14. For educational purposes only; not investment advice.