Interactive Brokers (IBKR) Operating Expenses (2009 - 2026)
Interactive Brokers' (IBKR) quarterly Operating Expenses came in at $381.0 million in Q1 2026, up 2.42% year-on-year from $372.0 million in Q1 2025, and up 11.08% quarter-over-quarter from $343.0 million in Q4 2025.
Interactive Brokers (IBKR) Operating Expenses (2009 - 2026) Analysis & Trends
Interactive Brokers has disclosed Operating Expenses across 18 years of filings, most recently posting $381.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $381.0 million, up 2.42% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (down 5.38% YoY), and the FY2025 annual result 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.
- The 5-year median for Operating Expenses is $343.0 million (2025), against an average of $332.1 million.
- Across the five-year window, Operating Expenses surged 49.51% in 2024 and declined 24.78% in 2025, its largest moves.
- Interactive Brokers' Operating Expenses stood at $287.0 million in 2022, then advanced by 12.54% to $323.0 million in 2023, then advanced by 7.43% to $347.0 million in 2024, then decreased by 1.15% to $343.0 million in 2025, then rose by 11.08% to $381.0 million in 2026.
- The last three Operating Expenses figures came in at $381.0 million (Q1 2026), $343.0 million (Q4 2025), and $343.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 242.35 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 |