Morningstar

Interactive Brokers Group Inc Class A IBKR

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Stock XNAS Rating as of
$91.37 +1.95 (2.18%)
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As of Delayed Price Pre-Open: $90.25 −1.00

Company Report

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Accelerating Client Growth and Superior Order Execution Underpin Strong Interactive Brokers Outlook

Sean Dunlop

Interactive Brokers' strategy has long been rooted in efficiency, automation, and superior order execution, and we do not expect any deviation from this foundation unless increasing account growth from retail clients demands it. While the company has broadened its reach by allowing a quickly growing retail clientele to tap into its global platform, it has so far been able to do so without the addition of high-touch client services that investors expect from its largest US peers, Charles Schwab and Fidelity.

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Price vs Fair Value

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IBKR is trading at a LOCK|!?kfk^ premium.
Price
$91.37
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Growing utilization of AI tools in trading and research could drive both higher retail participation in equity markets and, structurally rather than cyclically, higher trading volumes, to the benefit of retail brokerage firms like Interactive Brokers.

Bears

Migration of passive institutional order flow toward dark pools and ATS's could result in wider bid-ask spreads and challenges sourcing liquidity for brokerage firms.

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News

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Trading Information

Previous Close Price
$89.42
Day Range
$89.45–92.31
52-Week Range
$58.95–98.75
Bid/Ask
$90.05 / $90.30
Shares Outstanding
453.08M
Market Cap
$41.40B
Volume/Avg
7,504 / 4M

Key Statistics

Price/Earnings (Normalized)
36.40
Price/Sales
3.68
Dividend Yield (Trailing)
0.37%
Dividend Yield (Forward)
0.38%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
0.37%

Company Profile

Interactive Brokers is a large, automated, retail and institutional brokerage that boasted nearly $780 billion in customer equity at the end of 2025. The company cut its teeth as a market maker, introducing US financial markets to automated and algorithmic training before expanding into brokerage services in 1993. The firm has a wide-ranging client base, with its best-in-class order execution and extremely low margin lending rates catering to a sophisticated audience of hedge funds, proprietary traders, and introducing brokers that account for about 45% of the firm’s commissions. With operations spanning more than 170 electronic exchanges, 40 countries, and 29 currencies, Interactive Brokers caters to a global clientele, with more than 80% of active accounts sitting outside the US.
Sector
Financial Services
Industry
Capital Markets
Stock Style Box
Mid Growth
Total Number of Employees
3,265
Website
https://www.interactivebrokers.com

Competitors

Valuation

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Metric
IBKR
LPLA
SCHW
Price/Earnings (Normalized)
 36.4016.1818.65
Price/Book Value
 6.974.864.22
Price/Sales
 3.681.457.29
Price/Cash Flow
 7.9011.3013.90
Price/Earnings
IBKR
LPLA
SCHW

Financial Strength

Metric
IBKR
LPLA
SCHW
Quick Ratio
 0.681.73—
Current Ratio
 1.222.14—
Interest Coverage
 2.204.30—
Quick Ratio
IBKR
LPLA
SCHW

Profitability

Metric
IBKR
LPLA
SCHW
Return on Assets (Normalized)
 2.37%9.49%2.09%
Return on Equity (Normalized)
 93.04%32.66%23.69%
Return on Invested Capital (Normalized)
 44.02%15.99%—
Return on Assets
IBKR
LPLA
SCHW

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1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Morgan Stanley
MS
LOCK|>#%l$@kLOCK|JV$337B
 The Goldman Sachs Group Inc
GS
LOCK|@CGRt#^LOCK|nN$300B
 Charles Schwab Corp
SCHW
LOCK|&^D%RGpgLOCK|gbG$185B
 Robinhood Markets Inc Class A
HOOD
LOCK|r>yTq!LOCK|T#KR$101B
 LPL Financial Holdings Inc
LPLA
LOCK|M^tQq>LOCK|M&<$28B
 Tradeweb Markets Inc
TW
LOCK|rsCs#QvBLOCK|$FF$21B
 IREN Ltd
IREN
LOCK|^X^Yzf^LOCK|!tn$17B
 Stifel Financial Corp
SF
LOCK|B<!gZv<LOCK|#D^^t$12B
 Jefferies Financial Group Inc
JEF
LOCK|>zBp!!fLOCK|!m$12B

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