GAAP DILUTED EPS OF $1.94, ADJUSTED¹ EPS OF $1.88

GAAP NET REVENUES OF $1,427 MILLION, ADJUSTED NET REVENUES OF $1,396 MILLION

RAISES QUARTERLY DIVIDEND FROM $0.25 TO $0.32

DECLARES FOUR-FOR-ONE FORWARD STOCK SPLIT

GREENWICH, CT, April 15, 2025 — Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended March 31, 2025.

Reported diluted earnings per share were $1.94 for the current quarter and $1.88 as adjusted. For the year-ago quarter, reported diluted earnings per share were $1.61 and $1.64 as adjusted.

Reported net revenues were $1,427 million for the current quarter and $1,396 million as adjusted. For the year-ago quarter, reported net revenues were $1,203 million and $1,216 million as adjusted.

Reported income before income taxes was $1,055 million for the current quarter and $1,024 million as adjusted. For the year-ago quarter, reported income before income taxes was $866 million and $879 million as adjusted.

Financial Highlights

(All comparisons are to the year-ago quarter.)

•	Commission revenue increased 36% to $514 million on higher customer trading volumes. Customer trading volume in stocks, options and futures increased 47%, 25% and 16%, respectively.

•	Net interest income increased 3% to $770 million on higher average customer margin loans and customer credit balances.

•	Other fees and services increased 32% to $78 million, led by increases of $9 million in risk exposure fees and $3 million in payments for order flow from exchange-mandated programs.

•	Execution, clearing and distribution fees increased 20% to $121 million, driven by a higher SEC fee rate, a new FINRA Consolidated Audit Trail (“CAT”) fee initiated during the fourth quarter of 2024, and higher customer trading volumes in stocks, options and futures.

•	General and administrative expenses increased 24% to $62 million, driven primarily by an increase of $8 million in advertising expenses.

•	Pretax profit margin for the current quarter was 74% as reported and 73% as adjusted. For the year-ago quarter, pretax margin was 72% both as reported and as adjusted.

•	Total equity of $17.5 billion.

The Interactive Brokers Group, Inc. Board of Directors declared an increase in the quarterly cash dividend from $0.25 per share to $0.32 per share. This dividend is payable on June 13, 2025, to shareholders of record as of May 30, 2025.

In addition, Interactive Brokers Group, Inc. announced a four-for-one forward split of its common stock to make stock ownership more accessible to investors. Each record holder of common stock as of the close of market on Monday, June 16, 2025, will receive three additional shares of common stock, to be distributed after the close of market on Tuesday, June 17, 2025. Trading is expected to commence on a split-adjusted basis at market open on Wednesday, June 18, 2025.

¹ See the reconciliation of non-GAAP financial measures starting on page 9.

Business Highlights

(All comparisons are to the year-ago quarter.)

•	Customer accounts increased 32% to 3.62 million.

•	Customer equity increased 23% to $573.5 billion.

•	Total DARTs2 increased 50% to 3.52 million.

•	Customer credits increased 19% to $125.2 billion.

•	Customer margin loans increased 24% to $63.7 billion.

Other Items

In connection with our currency diversification strategy, we base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. In this quarter, our currency diversification strategy increased our comprehensive earnings by $127 million, as the U.S. dollar value of the GLOBAL increased by approximately 0.75%. The effects of the currency diversification strategy are reported as components of (1) Other Income (gain of $20 million) and (2) Other Comprehensive Income (gain of $107 million).

Conference Call Information:

Interactive Brokers Group, Inc. will hold a conference call with investors today, April 15, 2025, at 4:30 p.m. ET to discuss its quarterly results. Members of the public who would like to listen to the conference call should register at https://register-conf.media-server.com/register/BI218ab20742f74471b0ec9061980600cd to obtain the dial-in details. The number should be dialed approximately ten minutes prior to the start of the conference call. The conference call will also be accessible simultaneously, and through replays, as an audio webcast through the Investor Relations section of the Interactive Brokers web site, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.:

Cautionary Note Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements that reflect the Company’s current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the Company’s actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company’s financial results may be found in the Company’s filings with the Securities and Exchange Commission.

For Interactive Brokers Group, Inc. Investors: Nancy Stuebe, [email protected] or Media: Rob Garfield, [email protected].

² Daily average revenue trades (DARTs) are based on customer orders.

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

				Three Months
				Ended March 31,
				2025			2024
				(in millions, except share and per share data)
Revenues:
	Commissions			$	514		$	379
	Other fees and services				78			59
	Other income (loss)				65			18
		Total non-interest income			657			456
	Interest income				1,718			1,760
	Interest expense				(948)			(1,013)
		Total net interest income			770			747
		Total net revenues			1,427			1,203
Non-interest expenses:
	Execution, clearing and distribution fees				121			101
	Employee compensation and benefits				154			145
	Occupancy, depreciation and amortization				24			26
	Communications				10			10
	General and administrative				62			50
	Customer bad debt				1			5
		Total non-interest expenses			372			337
Income before income taxes					1,055			866
Income tax expense					91			71
Net income					964			795
Net income attributable to noncontrolling interests					751			620
Net income available for common stockholders				$	213		$	175
Earnings per share:
	Basic			$	1.95		$	1.63
	Diluted			$	1.94		$	1.61
Weighted average common shares outstanding:
	Basic				108,923,381			107,070,830
	Diluted				109,865,741			108,149,440

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

				Three Months
				Ended March 31,
				2025			2024
				(in millions, except share and per share data)
Comprehensive income:
	Net income available for common stockholders			$	213		$	175
	Other comprehensive income:
		Cumulative translation adjustment, before income taxes			28			(26)
		Income taxes related to items of other comprehensive income			-			-
	Other comprehensive income (loss), net of tax				28			(26)
Comprehensive income available for common stockholders				$	241		$	149
Comprehensive earnings per share:
	Basic			$	2.21		$	1.39
	Diluted			$	2.19		$	1.37
Weighted average common shares outstanding:
	Basic				108,923,381			107,070,830
	Diluted				109,865,741			108,149,440
Comprehensive income attributable to noncontrolling interests:
	Net income attributable to noncontrolling interests			$	751		$	620
	Other comprehensive income - cumulative translation adjustment				79			(76)
Comprehensive income attributable to noncontrolling interests				$	830		$	544

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

					March 31, 2025			December 31, 2024
					(in millions)
Assets
Cash and cash equivalents					$	3,500		$	3,633
Cash - segregated for regulatory purposes						39,173			36,600
Securities - segregated for regulatory purposes						29,394			27,846
Securities borrowed						5,845			5,369
Securities purchased under agreements to resell						8,376			6,575
Financial instruments owned, at fair value						3,406			1,924
Receivables from customers, net of allowance for credit losses						63,857			64,432
Receivables from brokers, dealers and clearing organizations						2,495			2,196
Other assets						1,624			1,567
	Total assets				$	157,670		$	150,142
Liabilities and equity
Liabilities
Short-term borrowings					$	12		$	14
Securities loaned						16,894			16,248
Financial instruments sold but not yet purchased, at fair value						252			293
Other payables:
	Customers					120,654			115,343
	Brokers, dealers and clearing organizations					1,226			476
	Other payables					1,149			1,171
						123,029			116,990
	Total liabilities					140,187			133,545
Equity
Stockholders' equity						4,502			4,280
Noncontrolling interests						12,981			12,317
	Total equity					17,483			16,597
	Total liabilities and equity				$	157,670		$	150,142
		March 31, 2025				December 31, 2024
Ownership of IBG LLC Membership Interests		Interests		%		Interests			%
IBG, Inc.		108,981,614		25.8%		108,931,614			25.8%
Noncontrolling interests (IBG Holdings LLC)		313,643,354		74.2%		313,643,354			74.2%
Total IBG LLC membership interests		422,624,968		100.0%		422,574,968			100.0%

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

OPERATING DATA

 

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

OPERATING DATA, CONTINUED

CUSTOMER STATISTICS

Year over Year			1Q2025			1Q2024		% Change
Total Accounts (in thousands)			3,616			2,746		32%
Customer Equity (in billions)1		$	573.5		$	465.9		23%
Total Customer DARTs (in thousands)			3,519			2,350		50%
Cleared Customers
Commission per Cleared Commissionable Order2		$	2.76		$	2.93		(6%)
Cleared Avg. DARTs per Account (Annualized)			220			197		12%
Consecutive Quarters			1Q2025			4Q2024		% Change
Total Accounts (in thousands)			3,616			3,337		8%
Customer Equity (in billions)1		$	573.5		$	568.2		1%
Total Customer DARTs (in thousands)			3,519			3,118		13%
Cleared Customers
Commission per Cleared Commissionable Order2		$	2.76		$	2.72		1%
Cleared Avg. DARTs per Account (Annualized)			220			213		3%

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

NET INTEREST MARGIN

(UNAUDITED)

				Three Months
				Ended March 31,
				2025			2024
				(in millions)
Average interest-earning assets
	Segregated cash and securities			$	67,044		$	61,132
	Customer margin loans				64,363			46,653
	Securities borrowed				4,871			5,368
	Other interest-earning assets				12,456			9,952
	FDIC sweeps1				4,785			3,861
				$	153,519		$	126,966
Average interest-bearing liabilities
	Customer credit balances			$	118,022		$	99,510
	Securities loaned				16,137			11,734
	Other interest-bearing liabilities				66			-
				$	134,225		$	111,244
Net interest income
	Segregated cash and securities, net			$	663		$	764
	Customer margin loans2				775			678
	Securities borrowed and loaned, net				10			26
	Customer credit balances, net2				(817)			(881)
	Other net interest income1/3				163			175
		Net interest income3		$	794		$	762
Net interest margin ("NIM")					2.10%			2.41%
Annualized yields
	Segregated cash and securities				4.01%			5.03%
	Customer margin loans				4.88%			5.85%
	Customer credit balances				2.81%			3.56%

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

			Three Months
			Ended March 31,
			2025			2024
			(in dollars)
Adjusted diluted EPS1
Diluted EPS - GAAP			$	1.94		$	1.61
Non-GAAP adjustments
	Currency diversification strategy, net			(0.05)			0.00
	Mark-to-market on investments2			(0.03)			0.03
	Income tax effect of above adjustments3			0.02			(0.01)
Total non-GAAP adjustments				(0.06)			0.02
Adjusted diluted EPS			$	1.88		$	1.64
Diluted weighted average common shares outstanding				109,865,741			108,149,440
Note: Amounts may not add due to rounding.