Interactive Brokers 8-K
PositiveEarnings
Higher trading volumes, customer margin loans and credit balances fueled revenue growth; the board raised the quarterly dividend.
Filed 2026-04-21 16:02 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q1 2026 results and quarterly dividend increase. GAAP net revenue rose 17% Y/Y, driven by higher trading volumes and net interest income. The board raised the quarterly dividend to $0.09/share from $0.08.
Key Figures
| Metric | Q1 2026 | Q1 2025 | Y/Y |
|---|---|---|---|
| Net revenues, GAAP | $1.67B | $1.43B | 17% |
| Net revenues, non-GAAP adjusted | $1.68B | $1.4B | 20% |
| Net income available for common stockholders, GAAP | $267M | $213M | 25% |
| Net income available for common stockholders, non-GAAP adjusted | $269M | $207M | 30% |
| Diluted EPS, GAAP | $0.59 | $0.48 | 23% |
| Diluted EPS, non-GAAP adjusted | $0.60 | $0.47 | 28% |
- Revenue drivers: commission revenue rose 19% to $613M on higher trading volumes; net interest income increased 17% to $904M, primarily on higher average customer margin loans and credit balances. Execution, clearing and distribution fees fell 12% to $106M, reflecting lower regulatory fees and greater capture of liquidity rebates.
- GAAP pretax margin was 77%, up from 74%; adjusted pretax margin was 77%, up from 73%. Customer accounts rose 31% to 4.75M, customer equity rose 38% to $789B, and customer DARTs increased 24% to 4.37M. Customer credits and margin loans each rose 35%, to $169B and $86.0B, respectively; total equity was $21.3B.
- The currency diversification strategy reduced comprehensive earnings by $53M: a $26M gain in other income and a $79M loss in other comprehensive income.
Guidance
No guidance in this filing.
Investor Takeaways
- The increased dividend is payable 6/12/2026 to shareholders of record on 6/1/2026.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3