How does Interactive Brokers (IBKR) make money?

Interactive Brokers (IBKR) generates revenue primarily from Commissions, which accounted for 89.6% of total revenue in TTM through Q1 2026. The company reported $10.62B in revenue and converted 9.8% of it into net profit, equivalent to roughly $1.04B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Interactive Brokers (IBKR)?

Interactive Brokers (IBKR) reported a gross profit margin of 91.7% in TTM through Q1 2026, equivalent to $9.75B in gross profit on $10.62B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Interactive Brokers (IBKR)?

Interactive Brokers (IBKR) reported an operating profit margin of 86.8% in TTM through Q1 2026, equivalent to $9.22B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Interactive Brokers (IBKR)?

Interactive Brokers (IBKR) reported a net profit margin of 9.8% in TTM through Q1 2026, equivalent to $1.04B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Interactive Brokers (IBKR) profitable?

Yes. Interactive Brokers (IBKR) reported $1.04B in net income for TTM through Q1 2026, with a net profit margin of 9.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Interactive Brokers (IBKR) spend on capital expenditures?

Interactive Brokers (IBKR) spent $77.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Interactive Brokers (IBKR) generate?

Interactive Brokers (IBKR) generated $16.76B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 157.8%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Interactive Brokers (IBKR)?

Interactive Brokers (IBKR) had an effective tax rate of 8.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Interactive Brokers (IBKR)?

Interactive Brokers (IBKR) reports revenue across 5 reportable product segments, led by Commissions at 89.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Interactive Brokers (IBKR) generate most of its revenue?

U [S] is the largest geographic market for Interactive Brokers (IBKR), accounting for 69.4% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Interactive Brokers Makes Money: 2026 Visual Revenue Map

Interactive Brokers (IBKR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Interactive Brokers (IBKR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Interactive Brokers (IBKR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Commissions	$9.52B	89.6%
Market Data Fees	$343.09M	3.2%
Risk Exposure Fees	$330.38M	3.1%
Payments For Order Flow	$224.49M	2.1%
Others	$203.31M	1.9%
Total	$10.62B	100%

Commissions$9.52B
Market Data Fees$343.09M
Risk Exposure Fees$330.38M
Payments For Order Flow$224.49M
Others$203.31M
Total$10.62B

Interactive Brokers (IBKR) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Interactive Brokers (IBKR), TTM through Q1 2026
Region	Revenue (USD)	% of total
U [S]	$4.47B	69.4%
Non Us	$1.97B	30.6%
Total	$6.45B	100%

U [S]
Non Us
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Interactive Brokers (IBKR) reports revenue across 5 operating segments; the largest segment was Commissions at 89.6%, followed by Market Data Fees (3.2%) and Risk Exposure Fees (3.1%). Separately, by end-market geography, U [S] accounted for 69.4% of revenue, followed by Non Us (30.6%).

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