IBKR on Nasdaq

Interactive Brokers LLC - ATS

IATS is an alternative trading system operated pursuant to regulation ATS by Interactive Brokers LLC.1

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Last updated Oct 19, 2026.

Overview

$2.4BRevenue, fiscal 20254
$4.4BNet income, fiscal 20254
1994Founded1

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  • TickerIBKR on Nasdaq1
  • IndustrySecurity Brokers, Dealers & Flotation Companies1
  • HeadquartersGreenwich1
  • Founded inNew York City1
  • Websitewww.interactivebrokers.com
  • Incorporated inDE5
  • Business addressOne Pickwick Plaza, Greenwich, Ct 068305
  • Filer categoryLarge accelerated filer5
  • Legal formLimited Liability Company3
  • LEI5493002T5MOWAHKQ1C693
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O INTERACTIVE BROKERS LLC, 06830 Greenwich, United States3
  • Registered withSecretary of the State's Commercial Recording Division, 05389783

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We have included or incorporated by reference in this Annual Report on Form 10-K and from time to time our management may make statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, but instead represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside our control. These statements include statements other than historical information or statements of current condition and may relate to our future plans and objectives and results, among other things and may also include our belief regarding the effect of various legal proceedings, as set forth under “Legal Proceedings and Regulatory Matters” in Part I, Item 3 of this Annual Report on Form 10-K, as well as statements …6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

178.6%Net margin4
23.4%Revenue growth, 20254
81.2%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Commissions brought in 88% of the revenue Interactive Brokers LLC - ATS broke down this way in fiscal 2025.

  1. Commissions$2.1B488%up 27% from 2024
  2. Risk Exposure Fees$80.0M43%down 20% from 2024
  3. Market Data Fees$79.0M43%up 11% from 2024
  4. Payments For Order Flow$51.0M42%up 13% from 2024
  5. Others$44.0M42%up 22% from 2024
  6. Fdic Sweep Fees$37.0M42%up 32% from 2024
Products and services by year
Products and services202320242025
Commissions$1.4B$1.7B$2.1B
Risk Exposure Fees$46.0M$100.0M$80.0M
Market Data Fees$70.0M$71.0M$79.0M
Payments For Order Flow$31.0M$45.0M$51.0M
Others$31.0M$36.0M$44.0M
Fdic Sweep Fees$19.0M$28.0M$37.0M

Regions

United States brought in 61% of the revenue Interactive Brokers LLC - ATS broke down this way in fiscal 2025.

  1. United States$1.5B461%up 20% from 2024
  2. Outside the United States$958.0M439%up 28% from 2024
Regions by year
Regions202320242025
United States$968.0M$1.2B$1.5B
Outside the United States$589.0M$747.0M$958.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin5¢$247.0M
  • Income tax8¢$414.0M
  • Profit87¢$4.4B

Out of $2.4B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid1¢$134.0M
  • Kept or used elsewhere99¢$15.7B

Out of $15.8B of cash from operations.4

Financial statements

Revenue78910114$2.4B in 2025+164% since 2018
0$1.0B$2.0B$3.0B2018: $925.0M$925.0M20182019: $847.0M$847.0M2019−8%2020: $1.3B$1.3B2020+52%2021: $1.6B$1.6B2021+22%2022: $1.5B$1.5B2022−4%2023: $1.6B$1.6B2023+3%2024: $2.0B$2.0B2024+27%2025: $2.4B$2.4B2025+23%
Net income78910114$4.4B in 2025+287% since 2018
0$2.0B$4.0B$6.0B2018: $1.1B$1.1B20182019: $1.1B$1.1B2019−3%2020: $1.2B$1.2B2020+8%2021: $1.6B$1.6B2021+39%2022: $1.8B$1.8B2022+13%2023: $2.8B$2.8B2023+53%2024: $3.4B$3.4B2024+21%2025: $4.4B$4.4B2025+28%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Commissions$2.1B$1.7B$1.4B
Other fees and services$291.0M$280.0M$197.0M
Other income (loss)$202.0M$60.0M-$11.0M
Total non-interest income$2.6B$2.0B$1.5B
Interest income$7.8B$7.3B$6.2B
Interest expense-$4.2B-$4.2B-$3.4B
Total net interest income$3.6B$3.1B$2.8B
Total net revenues$6.2B$5.2B$4.3B
Execution, clearing and distribution fees$420.0M$447.0M$386.0M
Employee compensation and benefits$626.0M$574.0M$527.0M
Occupancy, depreciation and amortization$97.0M$101.0M$99.0M
Communications$43.0M$39.0M$41.0M
General and administrative$247.0M$314.0M$211.0M
Customer bad debt$1.0M$15.0M$7.0M
Total non-interest expenses$1.4B$1.5B$1.3B
Income before income taxes$4.8B$3.7B$3.1B
Income tax expense$414.0M$288.0M$257.0M
Net income$4.4B$3.4B$2.8B
Less net income attributable to noncontrolling interests$3.4B$2.7B$2.2B
Net income available for common stockholders$984.0M$755.0M$600.0M
Basic$2.23$1.75$1.43
Diluted$2.22$1.73$1.42
Basic440.9M shares432.4M shares419.9M shares
Diluted443.9M shares436.0M shares423.4M shares
Cumulative translation adjustment, before income taxes$101.0M-$53.0M$30.0M
Income taxes related to items of other comprehensive income$0$0$0
Other comprehensive income (loss), net of tax$101.0M-$53.0M$30.0M
Comprehensive income available for common stockholders$1.1B$702.0M$630.0M
Other comprehensive income - cumulative translation adjustment$290.0M-$154.0M$92.0M
Comprehensive income attributable to noncontrolling interests$3.7B$2.5B$2.3B

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Leadership

Who has led Interactive Brokers LLC - ATS, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Milan Galik2020–now

President

  1. Milan Galik2014–2019

Chief financial officer

  1. Paul Jonathan Brody2007–now
1995200020052010201520202025
Board members and other officers (20)

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Jan 3, 2020New chief executive Milan Galik becomes CEO18
  2. Jul 1, 1996Parent Directly consolidated by INTERACTIVE BROKERS GROUP, INC.3
  3. 1994Founded Founded in New York City1

Filings

502 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 37 major events, 384 insider forms, 23 large holders, 36 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 5, 20264 EDGAR
  3. Sep 2, 20264 EDGAR
  4. Aug 6, 202610-Q EDGAR
  5. Aug 4, 20264 EDGAR
  6. Aug 4, 20264 EDGAR
  7. Jul 31, 2026424B5 EDGAR
  8. Jul 31, 20268-K EDGAR
  9. Jul 31, 2026424B5 EDGAR
  10. Jul 31, 20268-K EDGAR
  11. Jul 31, 2026S-3ASR EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jul 1, 20264 EDGAR
  14. Jun 2, 20264 EDGAR
  15. May 28, 20264 EDGAR
  16. May 28, 20264 EDGAR
  17. May 28, 20264 EDGAR
  18. May 28, 20264 EDGAR
  19. May 28, 20264 EDGAR
  20. May 7, 202610-Q EDGAR

The 502 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

501 open-market trades by officers, directors and large owners since October 2021: 10 buys and 491 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Conkling Lori ADirectorBuy25$94.53$2.4KForm 4
Aug 3, 2026Conkling Lori ADirectorBuy25$87.03$2.2KForm 4
Jul 1, 2026Conkling Lori ADirectorBuy25$88.03$2.2KForm 4
Jun 1, 2026Conkling Lori ADirectorBuy25$86.10$2.2KForm 4
May 1, 2026Conkling Lori ADirectorBuy25$79.64$2.0KForm 4
Apr 28, 2026Harris Lawrence EDirectorSale26,000$76.93$2.0MForm 4
Apr 1, 2026Conkling Lori ADirectorBuy25$68.38$1.7KForm 4
Mar 2, 2026Conkling Lori ADirectorBuy25$69.21$1.7KForm 4
Feb 25, 2026Conkling Lori ADirectorBuy50$73.21$3.7KForm 4
Jan 27, 2026Nemser Earl HVice ChairmanSale60,200$75.30$4.5MForm 4
Jan 26, 2026Nemser Earl HVice ChairmanSale94,800$76.19$7.2MForm 4
Jan 23, 2026Nemser Earl HVice ChairmanSale145,000$77.85$11.3MForm 4
Jan 22, 2026Nemser Earl HVice ChairmanSale100,000$76.81$7.7MForm 4
Oct 29, 2025Harris Lawrence EDirectorSale10,645$69.00$734.5KForm 4
Oct 28, 2025Harris Lawrence EDirectorSale6,855$69.15$474.0KForm 4
Oct 27, 2025Harris Lawrence EDirectorSale7,500$69.73$523.0KForm 4
Oct 24, 2025Harris Lawrence EDirectorSale8,000$68.50$548.0KForm 4
Oct 23, 2025Bright JillDirectorBuy400$65.95$26.4KForm 4
Oct 23, 2025Harris Lawrence EDirectorSale22,000$67.63$1.5MForm 4
Sep 30, 2025Brody Paul JonathanChief Financial OfficerSale3,134$69.56$218.0KForm 4

All 501 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.33,129,663$2.9B0.0%+1,754,626
Vanguard Capital Management LLC28,349,920$2.5B0.1%+169,559
State Street Corp19,437,767$1.7B0.1%+345,662
Fmr LLC11,828,151$1.0B0.0%−673,133
Geode Capital Management, LLC10,641,906$925.5M0.0%+198,299
Invesco Ltd.9,708,980$845.1M0.1%+61,812
Vanguard Portfolio Management LLC8,724,292$759.4M0.0%−6,260,253
Two Sigma Investments, LP8,340,400$725.9M0.6%+27,429
Wellington Management Group Llp7,382,141$642.5M0.1%−2,392,651
Kayne Anderson Rudnick Investment Management LLC6,365,531$554.1M1.7%−3,650,684
Norges Bank6,334,173$551.3M0.1%New
Orbis Allan Gray Ltd6,069,270$528.3M1.8%−48,775
W1M Asset Management Ltd5,975,636$520.1M4.8%+59,833
Bank Of America Corp /de/5,954,055$518.2M0.0%−276,081
American Century Companies Inc5,583,028$485.9M0.2%−161,380
Ninety One UK Ltd5,258,689$457.7M1.0%New
Jpmorgan Chase & Co5,187,549$457.5M0.0%−1,536,103
Morgan Stanley5,146,242$447.9M0.0%+380,670
Viking Global Investors LP4,830,748$420.5M1.2%+3,436,419
Bamco Inc /ny/4,807,214$418.4M0.6%+759,838
Neuberger Berman Group LLC4,601,941$401.3M0.3%+868,893
1832 Asset Management L.P.4,340,899$377.8M0.5%−113,255
Goldman Sachs Group Inc4,156,847$361.8M0.0%+935,302
Egerton Capital (UK) LLP4,129,416$359.4M3.5%−2,145,763
Charles Schwab Investment Management Inc3,838,547$334.1M0.0%+245,996

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 14, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−7.5%Report
Aug 13, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+15.8%Report
Jun 24, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−39.4%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+36.1%Report
Nov 13, 2024Morgan McGarveyDemocratic, HouseSale$1,001 - $15,000−63.4%Report
Jun 6, 2024Morgan McGarveyDemocratic, HouseBuy$1,001 - $15,000+136.3%Report
May 8, 2020Nancy PelosiDemocratic, HousePartial sale$100,001 - $250,000−572.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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