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 (IBKR) has 18 years of Operating Expenses data on file, last reported 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.
  • The five-year high for Operating Expenses was $456.0 million in Q3 2024, with the low at $251.0 million in Q1 2022.
  • Average Operating Expenses over 5 years is $332.1 million, with a median of $343.0 million recorded in 2025.
  • Year-over-year, Operating Expenses soared 49.51% in 2024 and slipped 24.78% in 2025.
  • Interactive Brokers' Operating Expenses stood at $287.0 million in 2022, then increased by 12.54% to $323.0 million in 2023, then increased by 7.43% to $347.0 million in 2024, then declined by 1.15% to $343.0 million in 2025, then climbed by 11.08% to $381.0 million in 2026.
  • Business Quant data shows IBKR's Operating Expenses at $381.0 million in Q1 2026, $343.0 million in Q4 2025, and $343.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Interactive Brokers 93.25 Mn 10.68 Bn - 381.00 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