Analyst Consensus ?
ConsensusHold19 ratings
Bullish1052.6%
Neutral842.1%
Bearish15.3%
Interactive Brokers Group, Inc. · IBKR · FY2025 Q3 · Calendar Q4 2025
IBKR Q3 2025: Strong Growth, With Rate and Volume Risks
The supplied analysis supports a constructive near-term operating narrative: Interactive Brokers is expanding accounts, balances and product activity while maintaining a confident tone. The evidence is less complete for a durable longer-term thesis because no formal guidance was provided and the analysis flags sensitivity to rates, market activity, regulation and account-growth momentum.
Reported After market closeNASDAQFinancial Services
$152.59B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.57
Consensus $0.54
EPS surprise
+5.2%
Reported versus consensus
Reported revenue
$1.57B
Consensus $1.53B
Revenue surprise
+2.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-3.3%
Event window
SPY move
+0.6%
Same window
Abnormal move
-3.9%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-0.3%
Up to 20 sessions
IBKRSPY benchmark
Ask FN2 about IBKR FY2025 Q3
Transcript, numbers and history already loaded
Why did IBKR fall 3.3% after beating EPS estimates in FY2025 Q3?What changed in IBKR's guidance and outlook in FY2025 Q3?Give me the bull and bear case for IBKR after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis emphasizes continued account-growth momentum, broader crypto and forecast-contract activity, and further planned product launches. The risk discussion is more explicit about AI-driven volume, margin-loan durability, non-USD rate sensitivity and possible account-growth deceleration.
Guidance delta
Not provided in the supplied analysis.
Key takeaways
- Management described record net revenue and pretax margin, supported by account growth, client cash balances, crypto activity and forecast contracts.
- Commission revenue and net interest income both grew despite lower benchmark rates, according to the supplied analysis.
- Product expansion remained central, including crypto features, forecast contracts, overnight trading and additional liquidity providers.
- Management maintained a confident outlook and reported no sign of account-growth deceleration.
- The main test is whether growth in accounts, balances and newer products remains durable across changing market conditions.
Management priorities
- Expand crypto products, including asset transfers, stablecoin deposits and staking.
- Continue developing forecast contracts and broker partnerships.
- Add liquidity providers across options, equities and bonds.
- Maintain global account acquisition and product expansion.
- Use the platform's technology and automation to support scale.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$88.3Current
$102Low
$120.09Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 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 |
|---|---|---|---|---|
| Goldman Sachs | Buy | Buy | Maintain | Sep 2, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 22, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 15, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 14, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 6, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 7, 2025 |
| UBS | Buy | Buy | Maintain | Apr 22, 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 $88.3. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | James Yaro | $111 | $85.81 | +25.7% | Oct 1, 2026 |
| Wells Fargo | Analyst unavailable | $102 | $85.81 | +15.5% | Oct 1, 2026 |
| Goldman Sachs | Analyst unavailable | $113 | $90.39 | +28.0% | Sep 1, 2026 |
| UBS | Analyst unavailable | $102 | $97.29 | +15.5% | Sep 1, 2026 |
| BMO Capital | Analyst unavailable | $110 | $92.84 | +24.6% | Jul 22, 2026 |
| Piper Sandler | Analyst unavailable | $109 | $94.42 | +23.4% | Jul 22, 2026 |
| Barclays | Analyst unavailable | $114 | $94.42 | +29.1% | Jul 22, 2026 |
| Piper Sandler | Analyst unavailable | $105 | $95.61 | +18.9% | Jul 15, 2026 |
| Barclays | Benjamin Budish | $108 | $95.48 | +22.3% | Jul 9, 2026 |
| Goldman Sachs | Analyst unavailable | $98 | $79.5 | +11.0% | May 1, 2026 |
| BMO Capital | Analyst unavailable | $82 | $74.93 | -7.1% | Jan 21, 2026 |
| Barclays | Analyst unavailable | $83 | $71.51 | -6.0% | Jan 21, 2026 |
| Barclays | Analyst unavailable | $82 | $71.34 | -7.1% | Jan 8, 2026 |
| BMO Capital | Analyst unavailable | $84 | $68.52 | -4.9% | Oct 17, 2025 |
| Goldman Sachs | Analyst unavailable | $91 | $68.52 | +3.1% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $80 | $68.52 | -9.4% | Oct 17, 2025 |
| Piper Sandler | Analyst unavailable | $80 | $70.52 | -9.4% | Oct 14, 2025 |
| Barclays | Analyst unavailable | $81 | $69.35 | -8.3% | Oct 8, 2025 |
| Barclays | Benjamin Budish | $193 | $157.9 | +118.6% | Apr 16, 2025 |
| Piper Sandler | Patrick Moley | $200 | $191.17 | +126.5% | Jan 7, 2025 |
| Piper Sandler | Patrick Moley | $163 | $148.57 | +84.6% | Oct 8, 2024 |
| Barclays | Benjamin Budish | $166 | $147.85 | +88.0% | Oct 7, 2024 |
| Barclays | Benjamin Budish | $145 | $125.25 | +64.2% | Jul 10, 2024 |
| Jefferies | Daniel Fannon | $150 | $123.37 | +69.9% | Jul 8, 2024 |
| Jefferies | Daniel Fannon | $138 | $113.27 | +56.3% | Apr 17, 2024 |
| Barclays | Benjamin Budish | $136 | $109.31 | +54.0% | Apr 17, 2024 |
| Raymond James | James Yaro | $102 | $87.32 | +15.5% | Jan 9, 2024 |
| Goldman Sachs | James Yaro | $102 | $87.72 | +15.5% | Jan 9, 2024 |
| Barclays | Analyst unavailable | $90 | $69.49 | +1.9% | Dec 19, 2022 |
| Goldman Sachs | Analyst unavailable | $90 | $66.76 | +1.9% | Apr 20, 2022 |
Track every rating change on IBKR the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the IBKR recap when the next report posts
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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-03T07:46:16.441602+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T07:46:16.438857+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 2026-10-03. For educational purposes only; not investment advice.