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← CockpitCompetitor Analysis › IBKR Interactive BrokersOpen in the cockpit ↗

Interactive BrokersIBKRCompetitor analysis, valuation and peers

United States · USD·Financials›Investment Banks/Brokers

Electronic brokerage offering low-cost global trading in stocks, options, futures and currencies for active traders.

Momentum weak 29
Mkt cap
$129B
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$430M
20-day average traded
Fwd P/E
23.9×
forward earnings
ROIC−WACC
n/a
WACC 10.4%
Hurdle
n/a
no reverse DCF
Next earnings
74 days
19 Jan 2027
Close · USD$75.82
1D+4.2%
1W-1.4%
1M-12.3%
3M-16.4%
6M-10.2%
YTD+18.0%
1Y+6.1%
ATR %4.5%
Beta1.99
52w lowhigh23.2% off high

What Interactive Brokers does

Electronic brokerage offering low-cost global trading in stocks, options, futures and currencies for active traders.

Earns from commissions on trades, interest charged on margin loans less interest paid on client balances, and smaller fees such as market data. A highly automated operation keeps costs low. Founder Thomas Peterffy holds control through a holding structure in which the listed shares are only a minority of the economic ownership.

Products and services

  • Trading platform (Trader Workstation)
  • Margin lending
  • Market data/research
  • Robo-advisor tools

Customers

  • Active retail traders
  • Hedge funds/proprietary trading firms
  • Financial advisors (RIAs)

Where it sits in the supply chain

  • Financial services
  • Electronic/discount brokerage
  • Global multi-asset trading

What could go right

  • Growing active-trader/global account base
  • Margin lending interest income

What could go wrong

  • Trading volume/volatility dependence
  • Interest income sensitivity to rate cuts

Moat: narrow (cost advantage, scale, process know-how). Highly automated, low-cost infrastructure supports global multi-asset access at lower fees than most rivals.

Headquarters: Greenwich, Connecticut, US · Founded: 1977 · Employees: 3,182

Named competitors

Interactive Brokers at a glance

Size Interactive Brokers (IBKR) is a United States Financials company (Investment Banks/Brokers) with a market value of $129B, the 95th largest of 3,117 United States companies the cockpit tracks. Shares closed at $75.82 on 6 Nov 2026.

Performance Over six months the shares fell 10.2%, against +5.1% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 17 in its peer set.

Growth Revenue grew 16.1% over the last twelve months (peer median +8.1%); the operating margin is 86.5% (peer median 38.5%).

Valuation It trades at 23.9× forward earnings against a peer median of 19.1× (5th most expensive of 17).

Short interest Short interest is 2.9% of the free float (15 Oct 2026).

Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 103IBKR 89
Six months, rebased to 100: Interactive Brokers against the median of its 16 peers (local-currency closes).

Interactive Brokers financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$11.7B$10.4B$9.39B$7.86B$4.18B
Revenue growth—+11%+20%+88%—
Gross profit$11.3B$9.91B$8.85B$7.38B$3.78B
EBITDAn/a$9.09B$8.00B$6.68B$3.20B
Net income$1.18B$984M$755M$600M$380M
Free cash flown/a$24.2B$2.17B$9.69B$22.9B
Capital expendituren/a$67.0M$49.0M$49.0M$69.0M
Total debt$35.2B$24.9B$16.4B$11.5B$9.10B

Quarterly statements and history in the cockpit →

Interactive Brokers competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%+20%CMESCHWBNYICEBARCHOODGSDB1MQG0388NDAQSTTCBOECOINIBKR6-month return →1-month return →
Up and to the right = strong over both horizons. Interactive Brokers is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%50×100×CMESCHWBNYBARCHOODGSDBKDB10388600030COINIBKRRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Interactive Brokers is the large dot.

Interactive Brokers competitors and peer comparison

Head to head with its named competitors (IBKR vs SCHW vs HOOD vs FUTU)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Interactive Brokers IBKR$129B-10%+16%87%23.9×n/a
Charles Schwab SCHW$158B+3%+12%52%12.2×n/a
Robinhood Markets HOOD$72.9B+5%+22%44%29.7×n/a
Futu Holdings Ltd. Sponsored ADR FUTU$13.7B-32%+44%69%6.8×n/a

How Interactive Brokers compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Interactive Brokers against its 16 peers (data as of 6 Nov 2026)
MeasureIBKRPeer medianRank in peer set
1-month return-12.3%+1.5%3rd lowest of 17
6-month return-10.2%+5.1%2nd lowest of 17
Distance from 52-week high-23.2%-11.9%4th lowest of 17
Revenue growth (TTM)+16.1%+8.1%3rd highest of 17
Operating margin86.5%38.5%highest of 17
Forward P/E23.9×19.1×5th most expensive of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Interactive Brokers IBKRUnited States$129B-10%+16%87%23.9×n/an/a
CME CMEUnited States$109B+9%+9%66%23.6×n/an/a
Charles Schwab SCHWUnited States$158B+3%+12%52%12.2×n/an/a
BNY Mellon BNYUnited States$99.4B+13%-1%37%14.7×n/an/a
Intercontinental Exchange ICEUnited States$96.3B+11%+14%47%20.1×n/an/a
Barclays BARC.LUnited Kingdom$75.1B+1%+7%22%8.2×n/an/a
Robinhood Markets HOODUnited States$72.9B+5%+22%44%29.7×n/an/a
Goldman Sachs GSUnited States$250B-8%+12%40%12.0×n/an/a
Deutsche Bank Aktiengesellschaft DBK.DEGermany$65.0B+15%0%30%9.5×n/an/a
Deutsche Boerse DB1.DEGermany$63.8B+32%+7%41%24.7×n/an/a
Macquarie MQG.AXAustralia$63.5B+5%+5%20%18.1×n/an/a
HKEX 0388.HKHong Kong$62.2B-10%+23%75%24.6×n/an/a
Nasdaq NDAQUnited States$59.4B+21%+12%31%23.4×n/an/a
CITIC Securities 600030.SSChina$56.4B-6%-16%54%10.2×n/an/a
State Street STTUnited States$45.0B+11%+2%33%11.1×n/an/a
Cboe Global Markets CBOEUnited States$36.9B+2%+14%36%23.4×n/an/a
Coinbase COINUnited States$35.7B-33%-48%-33%99.3×n/an/a

Questions

Who are Interactive Brokers's main competitors?
Named competitors: Charles Schwab (SCHW), Robinhood (HOOD), Fidelity (private or unlisted), Futu Holdings (FUTU). The cockpit's measured peer set (industry) also includes CME (CME), Charles Schwab (SCHW), BNY Mellon (BNY), Intercontinental Exchange (ICE), Barclays (BARC.L), Robinhood Markets (HOOD).
Is Interactive Brokers expensive compared with its peers?
On forward p/e it trades at 23.9× against a peer median of 19.1×, 5th most expensive of 17 in its peer set.
How has Interactive Brokers stock performed?
Over six months to 6 Nov 2026 the shares returned -10.2% against +5.1% for the median peer; over one year +6.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.