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
Download Data| Date | Value |
|---|---|
| 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 |