Earnings Call
Jul 21, 2026
Q2 FY2026
EPS Estimate
0.64
EPS Actual
0.69
Post-Earnings Close
$93.50
Earnings Reaction
-1.0%
Interactive Brokers delivered another record quarter in Q2 2026, with commissions, net interest income, total net revenue, total accounts, client equity, and DARTs all reaching all-time highs. Pre-tax profit margin held at 77%, the seventh consecutive quarter above 70%, underscoring the structural efficiency of the firm's highly automated model. Commissions rose 30% year-over-year, net interest income climbed 23% to just over $1 billion, and total client DARTs hit 4.8 million per day, up 36%. Client equity surged 40% to $930 billion, while uninvested cash balances grew 27% to a record $182 billion, a figure that reflects both the pace of new account formation and the attractiveness of IBKR's competitive cash rates.
Report generated on Jul 22, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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