Interactive Brokers (IBKR) Operating Expenses (2009 - 2026)
Interactive Brokers' (IBKR) quarterly Operating Expenses came in at $440.0 million in Q2 2026, up 17.02% year-over-year from $376.0 million in Q2 2025, and up 15.49% quarter-over-quarter from $381.0 million in Q1 2026.
Analysis
Interactive Brokers (IBKR) Operating Expenses (2009 - 2026) Analysis & Trends
Interactive Brokers has disclosed Operating Expenses across 18 years of filings, most recently posting $440.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 17.02% year-over-year to $440.0 million; the TTM figure through Jun 2026 stood at $1.5 billion (down 2.84% YoY), while the FY2025 annual figure was $1.4 billion, down 3.76% from the prior year.
- Operating Expenses came in at $440.0 million for Q2 2026 at Interactive Brokers, up from $381.0 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.
- Average Operating Expenses over 5 years is $338.1 million, with a median of $343.0 million recorded in 2025.
- Year-over-year, Operating Expenses soared 49.51% in 2024 and fell 24.78% in 2025.
- Over 5 years, 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 28.28% to $440.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $440.0 million in Q2 2026, $381.0 million in Q1 2026, and $343.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 734.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 440.00 Mn |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 4.67 Bn |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -223.32 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | -103.94 Mn |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | -336.56 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 153.38 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 93.85 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 1.46 Mn |
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 |