Interactive Brokers (IBKR)

Financial Services · Capital Markets · S&P 500
$90.58 +1.72% on the day Market cap $151.0B 52-week range $58.95 to $98.75 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Interactive Brokers's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from IBKR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation5
Profitability6
Growth4
Financial health1

Key numbers

P/E (trailing)38.1x
P/E (forward)37.1x
Price / free cash flow9.59x
EV / EBITDA7.89x
Price / sales26.4x
Price / book7.39x
Revenue growth-48.6%
Operating margin—
Net margin19.7%
Return on equity19.1%
Dividend yield0.35%
Debt / equity38.1x

Results from SEC filings

Fiscal years, from Interactive Brokers's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$2.7B$3.1B$4.3B$5.2B$6.2B
Net income$308M$380M$600M$755M$984M
Free cash flow—————
EPS (diluted)$0.81$0.94$1.42$1.73$2.22
Operating margin—————

Where the revenue comes from

Revenue by segments, fiscal 2019.

Electronic Brokerage$1.9B97%
Market Making$67M3%

Superinvestors who own IBKR

From each investor's latest 13F filing (what a 13F shows). 8 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Andreas Halvorsen
Viking Global Investors
Added $420M1.2%Q2 2026
Ron Baron
Baron Capital (BAMCO)
Added $418M0.63%Q2 2026
Bryan Lawrence
Oakcliff Capital Partners
Held $90M33.4%Q2 2026
Stephen Mandel
Lone Pine Capital
New position $50M0.31%Q2 2026
Cliff Asness
AQR Capital Management
Trimmed $18M0.01%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $10M0.02%Q2 2026
Mario Gabelli
GAMCO Investors
Trimmed $1M0.01%Q2 2026
Will Nasgovitz
Heartland Advisors
Trimmed $595,2670.03%Q2 2026

Insider buying

Open-market purchases by Interactive Brokers's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Oct 1, 2026 Lori A Conkling
Director
25$85.42$2,136
Sep 1, 2026 Lori A Conkling
Director
25$94.53$2,363
Apr 1, 2026 Lori A Conkling
Director
25$68.38$1,710
Jan 23, 2026 Ro Khanna
0$77.58—
Jan 23, 2026 Ro Khanna
0$77.58—
Oct 23, 2025 Jill Bright
400$65.95$26,380

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Interactive Brokers insiders buying the stock?

6 open-market insider purchases of IBKR in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Interactive Brokers?

8 of the superinvestors Investingly tracks hold IBKR in their latest 13F, including Andreas Halvorsen, Ron Baron, Bryan Lawrence.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.