Interactive Brokers (IBKR) Operating Expenses (2009 - 2026)
Interactive Brokers (IBKR) posted Operating Expenses of $381.0 million for Q1 2026, up 11.08% sequentially from $343.0 million in Q4 2025, and up 2.42% YoY from $372.0 million in Q1 2025.
Interactive Brokers (IBKR) Operating Expenses (2009 - 2026) Analysis & Trends
Interactive Brokers has reported Operating Expenses for 18 years, with the latest figure at $381.0 million in Q1 2026.
- Quarterly Operating Expenses rose 2.42% year-over-year to $381.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (down 5.38% YoY) and the FY2025 annual result came in at $1.4 billion, down 3.76% from the prior year.
- Operating Expenses climbed to $381.0 million in Q1 2026 per IBKR's latest filing, from $343.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $456.0 million in Q3 2024 and troughed at $251.0 million in Q1 2022.
- A 5-year average of $332.1 million and a median of $343.0 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 49.51% in 2024, then retreated 24.78% in 2025.
- Over 5 years, Operating Expenses stood at $287.0 million in 2022, then grew by 12.54% to $323.0 million in 2023, then grew by 7.43% to $347.0 million in 2024, then dropped by 1.15% to $343.0 million in 2025, then advanced by 11.08% to $381.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $381.0 million, $343.0 million, and $343.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | -89.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 440.00 Mn |
| Mar 31, 2026 | 381.00 Mn |
| Dec 31, 2025 | 343.00 Mn |
| Sep 30, 2025 | 343.00 Mn |
| Jun 30, 2025 | 376.00 Mn |
| Mar 31, 2025 | 372.00 Mn |
| Dec 31, 2024 | 347.00 Mn |
| Sep 30, 2024 | 456.00 Mn |
| Jun 30, 2024 | 350.00 Mn |
| Mar 31, 2024 | 337.00 Mn |
| Dec 31, 2023 | 323.00 Mn |
| Sep 30, 2023 | 305.00 Mn |
| Jun 30, 2023 | 348.00 Mn |
| Mar 31, 2023 | 295.00 Mn |
| Dec 31, 2022 | 287.00 Mn |
| Sep 30, 2022 | 267.00 Mn |
| Jun 30, 2022 | 264.00 Mn |
| Mar 31, 2022 | 251.00 Mn |
| Dec 31, 2021 | 230.00 Mn |
| Sep 30, 2021 | 230.00 Mn |