Interactive Brokers Group Inc Dossier
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SectorFinancials IndustryInvestment Banking & Brokerage Beta (adjusted)1.00 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $85.81Price as of 1 Oct 2026 Data confidence Sign in to view data confidence Market Cap $146.2B Shares Outstanding 1.7B diluted Next Earnings Date15 Oct 2026 Last ex-dividend1 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Interactive Brokers entered the second half of 2026 with strong client acquisition, elevated trading activity and substantial operating leverage. July client accounts increased 34% year over year to 5.317 million, client equity increased 32% to $906.7 billion and DARTs increased 27% to 4.426 million. Second-quarter pretax margin was 77%, while commission revenue and net interest income benefited from higher trading volumes and customer balances. Product and geographic expansion—including broader AI connectivity and new access or funding capabilities in Brazil, Romania and Latin America—supports continued platform adoption. The recommendation remains Hold because July DARTs, client equity and margin loans declined sequentially. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$70.00 Mean target$106.13 High · most bullish analyst$121.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $70.0018% Trading activity weakens, client equity contracts and margin-loan growth reverses, pressuring both commissions and net interest income. New products and market-access initiatives fail to offset cyclical normalization, and operating leverage works in reverse. Base CaseCentral scenario $106.1357% Matches the consensus meanAccount growth remains positive but trading and balance growth normalize from elevated levels. Commission and net-interest revenue remain supported by a larger client base, while pretax profitability stays strong but does not materially expand. Bull CaseUpside scenario $121.0025% Client acquisition and trading activity remain strong, margin balances recover from the July sequential decline, and recently launched AI, exchange-access and regional-funding capabilities increase engagement. The scalable platform sustains high operating leverage. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |