Interactive Brokers (IBKR) Operating Expenses (2009 - 2026)

Interactive Brokers recorded quarterly Operating Expenses of $381.0 million in Q1 2026, up 11.08% quarter-over-quarter from $343.0 million in Q4 2025, and up 2.42% year-over-year from $372.0 million in Q1 2025.

Interactive Brokers' Operating Expenses history runs 18 years deep, the most recent figure standing at $381.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 2.42% year-over-year to $381.0 million; the TTM figure through Mar 2026 stood at $1.4 billion (down 5.38% YoY), while the FY2025 annual figure was $1.4 billion, down 3.76% from the prior year.
  • Operating Expenses came in at $381.0 million for Q1 2026 at Interactive Brokers, up from $343.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $456.0 million in Q3 2024 to a low of $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.
  • Across the five-year window, Operating Expenses soared 49.51% in 2024 and fell 24.78% in 2025, its largest moves.
  • Interactive Brokers' Operating Expenses stood at $287.0 million in 2022, then climbed by 12.54% to $323.0 million in 2023, then climbed by 7.43% to $347.0 million in 2024, then slipped by 1.15% to $343.0 million in 2025, then gained 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 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn 417.92 Mn

Historic Data

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DateValue
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
Jun 30, 2021 213.00 Mn
Mar 31, 2021 254.00 Mn
Dec 31, 2020 207.00 Mn
Sep 30, 2020 214.00 Mn
Jun 30, 2020 317.00 Mn
Mar 31, 2020 224.00 Mn
Dec 31, 2019 188.00 Mn
Sep 30, 2019 185.00 Mn
Jun 30, 2019 188.00 Mn
Mar 31, 2019 219.00 Mn
Dec 31, 2018 183.00 Mn
Sep 30, 2018 163.00 Mn
Jun 30, 2018 174.00 Mn
Mar 31, 2018 187.00 Mn
Dec 31, 2017 151.00 Mn
Sep 30, 2017 158.00 Mn
Jun 30, 2017 183.00 Mn
Mar 31, 2017 161.00 Mn
Dec 31, 2016 165.00 Mn
Sep 30, 2016 162.00 Mn
Jun 30, 2016 156.00 Mn
Mar 31, 2016 152.00 Mn
Dec 31, 2015 144.00 Mn
Sep 30, 2015 157.00 Mn
Jun 30, 2015 147.00 Mn
Mar 31, 2015 283.00 Mn
Dec 31, 2014 134.00 Mn
Sep 30, 2014 131.00 Mn
Jun 30, 2014 135.00 Mn
Mar 31, 2014 137.00 Mn
Dec 31, 2013 211.25 Mn
Sep 30, 2013 129.87 Mn
Jun 30, 2013 150.03 Mn
Mar 31, 2013 133.85 Mn
Dec 31, 2012 150.92 Mn
Sep 30, 2012 145.98 Mn
Jun 30, 2012 152.38 Mn
Mar 31, 2012 154.25 Mn
Dec 31, 2011 155.76 Mn
Sep 30, 2011 167.77 Mn
Jun 30, 2011 147.80 Mn
Mar 31, 2011 145.92 Mn
Dec 31, 2010 147.76 Mn
Sep 30, 2010 137.22 Mn
Jun 30, 2010 154.06 Mn
Mar 31, 2010 145.66 Mn
Dec 31, 2009 154.45 Mn
Sep 30, 2009 138.23 Mn
Jun 30, 2009 139.99 Mn