Monitor next quarter's net interest income and currency diversification impact, as the 17% YoY growth in NII was below the 20% growth seen in Q4 2025 and the $53 million currency loss suggests ongoing FX risk. The dividend hike signals confidence but does not offset the fundamental miss.
Price Chart
Executive Summary
Interactive Brokers reported Q1 2026 GAAP diluted EPS of $0.59 and revenue of $1.67 billion, missing consensus estimates of $0.60 and $1.68 billion. Despite strong YoY growth in customer accounts, equity, and trading volumes, the miss was driven by a 17% increase in net interest income falling short of expectations and a significant $53 million loss from currency diversification. The company raised its quarterly dividend by 9.4% to $0.0875 per share.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.59 missed consensus of $0.60
- GAAP net revenue of $1.67 billion missed consensus of $1.68 billion
- Commission revenue increased 19% to $613 million on higher trading volumes
- Net interest income increased 17% to $904 million, primarily on higher customer margin loans and credit balances
- Currency diversification strategy decreased comprehensive earnings by $53 million due to a 0.30% decline in the U.S. dollar value of the GLOBAL basket
- Customer accounts increased 31% YoY to 4.75 million, customer equity increased 38% to $789.4 billion
- Board raised quarterly dividend by 9.4% from $0.08 to $0.0875 per share
Financial Impact
Revenue miss of $10 million and EPS miss of $0.01, partially offset by a 9.4% dividend increase
Risk Factors
- Currency diversification strategy resulted in a $53 million comprehensive loss, indicating significant FX risk
- Net interest income growth of 17% was below Q4 2025's 20% growth, raising concerns about margin compression
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001381197-26-000078 |
| Document: ibkr-20260421.htm | 0001381197-26-000078 |
| Document: 0001381197-26-000078-index-headers.html | 0001381197-26-000078 |
| Document: 0001381197-26-000078-index.html | 0001381197-26-000078 |
| Document: 0001381197-26-000078.txt | 0001381197-26-000078 |
| 8-K Data (Synthetic) | 0001381197-26-000078 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 8w ago | 8-K | $87.99 $95.84 | ▲ +8.92% | ▲ +5.93% | $85.81 (−2.48%) |
Jul 31, 2026 9w ago | S-3ASR | $87.99 $95.84 | ▲ +8.92% | ▲ +5.93% | $85.81 (−2.48%) |
Apr 21, 2026 23w ago | 8-K | $77.80 $83.45 | ▲ +7.27% | ▲ +4.10% | $85.81 (+10.30%) |
US Market Status
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