Interactive Brokers (IBKR) Operating Expenses (2009 - 2026)
Interactive Brokers (IBKR) reported Operating Expenses of $440 million for Q2 2026, up 17.0% from $376 million a year earlier and up 15.5% from the prior quarter.
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Analysis
Interactive Brokers (IBKR) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Interactive Brokers' Operating Expenses came in at $1.51 billion, down 2.8% year-over-year; for FY2025, it was $1.43 billion, down 3.8% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- By year, Operating Expenses came in at $1.49 billion in FY2024 (+17.2%), $1.27 billion in FY2023 (+18.9%), $1.07 billion in FY2022 (+15.3%) and $927 million in FY2021 (-3.6%).
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses since Q3 2024.
- Year over year, Operating Expenses gained in six of the last eight quarters, with growth averaging 8.5%.
- The high point for year-over-year Operating Expenses in five years was Q3 2024 (growth of 49.5%); the low point was Q3 2025 (a decline of 24.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $381 million (Q1 2026), $343 million (Q4 2025) and $343 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 734.00 Mn |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 3.44 Bn |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 599.10 Mn |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 1.28 Bn |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 788.00 Mn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 2.66 Bn |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 440.00 Mn |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 1.64 Bn |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 255.60 Mn |
| 10 | LPL Financial Holdings | 24.92 Bn | 20.24 Bn | - | 4.67 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Interactive Brokers Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IBKR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IBKR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IBKR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();