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Interactive Brokers quarterly net revenue rises 15.6% to $1.91 billion

Interactive Brokers' revenue growth is slowing. Results for the quarter ended September 30, 2026, from the earnings release filed with the SEC on Oct 15, 2026.

Octans ResearchPublished

Snapshot

Interactive Brokers' revenue growth is slowing: net revenue rose 15.6% to $1.91 billion in the quarter ended September 30, 2026, from $1.66 billion a year earlier, after 28.1% year over year growth the quarter before.

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Market Data

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($IBKR)▲ +1.92%82.91

as of 16:00 ET · Realtime derived data

What We Know

Net revenue (revenue net of interest expense) was $1.91 billion for the quarter ended September 30, 2026, versus $1.66 billion a year earlier, up 15.6%. Net interest income was $1.15 billion, versus $967.0 million a year earlier, up 19.3%. Noninterest income was $760.0 million, versus $688.0 million a year earlier, up 10.5%. Diluted earnings per share was $0.69, up from $0.59.

Bar chart: IBKR net revenue, last eight quarters. US$ billions by quarter end, as of Oct 15, 2026. Dec 2024 1.39; Mar 2025 1.43; Jun 2025 1.48; Sep 2025 1.66; Dec 2025 1.64; Mar 2026 1.67; Jun 2026 1.9; Sep 2026 1.91. Latest quarter $1.91B, Up 15.6% vs a year earlier.
Source: SEC EDGAR (earnings release and XBRL financial data)

Quarterly net revenue by quarter end, oldest first: Dec 2024: $1.39 billion; Mar 2025: $1.43 billion; Jun 2025: $1.48 billion; Sep 2025: $1.66 billion; Dec 2025: $1.64 billion; Mar 2026: $1.67 billion; Jun 2026: $1.90 billion; Sep 2026: $1.91 billion.

Octans View

Year over year net revenue change by quarter, computed from the filed figures: Dec 2025 up 18.5%; Mar 2026 up 17.0%; Jun 2026 up 28.1%; Sep 2026 up 15.6%. On those figures, Interactive Brokers' revenue growth is slowing. That read compares the latest two year over year growth rates and nothing else.

Bear Case · Room for Disagreement

This brief covers net revenue, net interest income, noninterest income, the provision for credit losses and diluted earnings per share, each on the reported basis. Banks also publish managed or adjusted figures; those are not used here. It does not cover capital ratios, credit quality, guidance or the earnings call, and it makes no forecast.

Method and source. Each figure is taken from a row of the company's earnings release or financial supplement that also prints the year ago quarter exactly as the company reported it in its own XBRL financial data; rows that do not match are not used. Where the release prints net revenue, net interest income and noninterest income, the two parts must add up to the total. The text is generated from those verified figures by a fixed template; no model wrote it.

Chart

$IBKR adjusted close, last 6 months $IBKR adjusted close, last 6 months: series rising from 76.5 to 82.9 (+8.4%) from 2026-04-24 to 2026-10-20. Scale 70 to 100. 708090100 2026-04-242026-10-20 $IBKR ADJUSTED CLOSE, LAST 6 MONTHS +8.4% 82.91
Source: Tiingo · As of 2026-10-20Indicative, not investment advice.

Sources

  1. [1]SEC EDGAR — Interactive Brokers results for the quarter ended September 30, 2026 (Exhibit 99.1, earnings release), filed Oct 15, 2026
  2. [2]SEC EDGAR — Interactive Brokers XBRL financial data (company facts)

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

$1.91B

Net revenue (revenue net of interest expense) was $1.91 billion for the quarter ended September… · What we know

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