IBKR · Interactive Brokers Group, Inc.

Interactive Brokers Group’s Q1 2026 results reflect broad-based strength across its core revenue drivers: commission revenue rose 19% to $613 million on 25% higher stock, 20% higher futures, and 16% higher options trading volumes; net interest income increased 17% to $904 million, fueled by higher average customer margin loans ($86.0B, +35% YoY) and credit balances ($168.8B, +35% YoY); and pretax margin expanded 300 bps to 77%, underscoring disciplined cost management amid scaling. The company highlighted that execution, clearing and distribution fees declined 12% due to the SEC Section 31 fee reduction to zero effective May 14, 2025, and improved liquidity rebate capture — a structural tailwind. Customer metrics surged meaningfully: accounts grew 31% to 4.75 million, DARTs rose 24% to 4.37 million, and total equity climbed 38% to $789.4 billion — reinforcing IBKR’s position as a beneficiary of retail and institutional adoption of low-cost, global electronic trading. The dividend increase to $0.0875 per share — a 9.4% hike — aligns with consistent capital return policy and reflects confidence in durable free cash flow generation. Notably, the currency diversification strategy reduced comprehensive earnings by $53 million this quarter due to a 0.30% decline in the GLOBAL basket’s USD value, but this is an accounting impact, not an economic loss, and is separately disclosed in Other Comprehensive Income. No forward guidance was provided in the press release or filing.