IBKR Interactive Brokers Group margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 87

Gross margin

93.4%

Operating margin

77.8%

EBITDA margin

24.7%

Net margin

16.5%

The Interactive Brokers Group reports a gross margin of 93.4%, an operating margin of 77.8%, an EBITDA margin of 24.7%, and a net margin of 16.5%. Operating margin led the improvement across the available margins, expanding by 2 percentage points.

IBKR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Interactive Brokers Group's margins averaged 92.15% gross, 73.8% operating, 23.02% EBITDA, and 15.06% net. All four current margins are above their three-year averages.

IBKR margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in operating margin, which rose by 2 percentage points. The other available margins also improved.

Gross margin expansion

0.9pp

Operating margin expansion

2pp

EBITDA margin expansion

1.3pp

Net margin expansion

1.1pp

IBKR Gross margin

Interactive Brokers Group's gross margin averaged 92.15% during the last 3 years. Compared with its three-year average, Interactive Brokers Group's current gross margin is 93.4% and is 1.3 percentage points above its three-year average. Over the last 3 years, Interactive Brokers Group's gross margin peaked at 93.7% in Jun 2026 and reached a low of 91.1% in Dec 2023.

IBKR Operating margin

Across the last 3 years, Interactive Brokers Group had an average operating margin of 73.8%. Interactive Brokers Group currently reports an operating margin of 77.8%, 4 percentage points above its three-year average. Looking back over the last 3 years, Interactive Brokers Group's operating margin reached 78% at its highest point in Jun 2026 and 70.3% at its lowest in Sep 2024.

IBKR EBITDA margin

Across the last 3 years, Interactive Brokers Group's EBITDA margin averaged 23.02%. The current EBITDA margin stands at 24.7%, 1.7 percentage points above its three-year average. EBITDA margin was highest at 24.7% in Sep 2026 and lowest at 21.9% in Dec 2023.

IBKR Net margin

The average net margin for Interactive Brokers Group was 15.06% over the last 3 years. At present, the current net margin for Interactive Brokers Group is 16.5%, 1.4 percentage points above its three-year average. The net margin for Interactive Brokers Group moved between 13.8% in Dec 2023 and 16.5% in Sep 2026.

IBKR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 93.4%, IBKR stands higher than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 83.5%, Interactive Brokers Group's gross margin is 12% higher.

IBKR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Interactive Brokers Group's gross margin?

The current gross margin for IBKR is 93.4% as of Sep 30, 2026.

What is Interactive Brokers Group's operating margin?

As of Sep 30, 2026, IBKR has an operating margin of 77.8%.

What is Interactive Brokers Group's EBITDA margin?

The current EBITDA margin for IBKR is 24.7% as of Sep 30, 2026.

What is Interactive Brokers Group's net margin?

As of Sep 30, 2026, IBKR has a net margin of 16.5%.

What are the average margins of IBKR?

Looking back over 3 years, IBKR recorded average margins of 92.2% gross, 73.8% operating, 23.0% EBITDA, and 15.1% net.

What are the highest historical margins of IBKR?

Over the last 5 years, Interactive Brokers Group's highest margins were 93.7% gross in Jun 2026, 78% operating in Jun 2026, 24.7% EBITDA in Sep 2026, and 16.5% net in Sep 2026.

What are the lowest historical margins of IBKR?

Looking back across 5 years, IBKR reached its lowest margins at 88.9% gross in Jun 2022, 58.8% operating in Jun 2022, 19.3% EBITDA in Mar 2022, and 10.7% net in Jun 2022.