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 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Tradeweb Markets 23.53 Bn 22.17 Bn - 313.68 Mn

Historic Data

Download Data
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