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
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