INTERACTIVE BROKERS GROUP, INC.
At today's price, INTERACTIVE BROKERS GROUP, INC. (IBKR) is priced for today's economics sustained for ~7.5 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Interactive Brokers runs the most automated brokerage in the business, and the result shows up in one number: an adjusted pre-tax profit margin of about 77% in the first quarter of 2026, a level a labor-heavy broker cannot approach. • The structural exposure is interest rates: net interest income was $904 million in the quarter, more than half of revenue, so a meaningful decline in short-term rates would compress the largest profit stream even as accounts keep growing. • Watch the account engi
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966 institutional managers reported holding IBKR in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 38%. 121 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 14.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
IBKR's share count grew 21.9% over the past five years. It pays a dividend, and has for 15 years running, raised 2 years straight; the current rate is $0.10 a share annually. Cash returned over the past three years: $283.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at IBKR over the trailing three years: 2025: 2 buys totaling $56k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IBKR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +1.7% | -2.8% |
| 2023-11-07 | -3.5% | +7.5% |
| 2024-02-28 | +0.9% | +7.7% |
| 2024-05-07 | +2.2% | +3.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IBKR's latest 8-K filings: 2026-04-29 (items 5.07, 9.01); 2026-04-21 (items 2.02, 9.01); 2026-01-20 (items 2.02, 9.01); 2025-10-16 (items 2.02, 9.01); 2025-07-30 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.