Interactive Brokers Group, Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

IBKR$77.59+0.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Financial Assets and Financial Liabilities

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The tables below present, by level within the fair value hierarchy (see Note 2), financial assets and liabilities, measured at fair value on a recurring basis for the periods indicated. As required by ASC Topic 820, financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the respective fair value measurement.

	Level 1	Level 2	Level 3	Total
(in millions)
Securities segregated for regulatory purposes
U.S. and foreign government securities	$6,361	$—	$—	$6,361
Municipal securities	—	33	—	33
Total securities segregated for regulatory purposes	6,361	33	—	6,394
Financial instruments owned, at fair value
Stocks	2,296	—	—	2,296
Options	152	—	—	152
U.S. and foreign government securities	928	—	—	928
Mutual funds	2	—	—	2
Precious metals	—	27	—	27
Currency forward contracts	—	1	—	1
Total financial instruments owned, at fair value	3,378	28	—	3,406
Other assets
Customer-held fractional shares	279	—	—	279
Other investments in equity securities	43	—	—	43
Total other assets	322	—	—	322
Total financial assets at fair value	$10,061	$61	$—	$10,122

	Level 1	Level 2	Level 3	Total
(in millions)
Financial instruments sold, but not yet purchased, at fair value
Stocks	$112	$—	$—	$112
Options	100	—	—	100
Precious metals	—	23	—	23
Currency forward contracts	—	17	—	17
Total financial instruments sold, but not yet purchased, at fair value	212	40	—	252
Accounts payable, accrued expenses and other liabilities
Fractional shares repurchase obligation	279	—	—	279
Total accounts payable, accrued expenses and other liabilities	279	—	—	279
Total financial liabilities at fair value	$491	$40	$—	$531

‎

	Level 1	Level 2	Level 3	Total
(in millions)
Securities segregated for regulatory purposes
U.S. and foreign government securities	$6,460	$—	$—	$6,460
Municipal securities	—	33	—	33
Total securities segregated for regulatory purposes	6,460	33	—	6,493
Financial instruments owned, at fair value
Stocks	1,763	—	—	1,763
Options	84	—	—	84
U.S. and foreign government securities	54	—	—	54
Mutual funds	2	—	—	2
Precious metals	—	21	—	21
Currency forward contracts	—	—	—	—
Total financial instruments owned, at fair value	1,903	21	—	1,924
Other assets
Customer-held fractional shares	260	—	—	260
Other investments in equity securities	32	—	—	32
Total other assets	292	—	—	292
Total financial assets at fair value	$8,655	$54	$—	$8,709

	Level 1	Level 2	Level 3	Total
(in millions)
Financial instruments sold, but not yet purchased, at fair value
Stocks	$116	$—	$—	$116
Options	96	—	—	96
Precious metals	—	18	—	18
Currency forward contracts	—	63	—	63
Total financial instruments sold, but not yet purchased, at fair value	212	81	—	293
Accounts payable, accrued expenses and other liabilities
Fractional shares repurchase obligation	260	—	—	260
Total accounts payable, accrued expenses and other liabilities	260	—	—	260
Total financial liabilities at fair value	$472	$81	$—	$553

Level 3 Financial Assets and Financial Liabilities

There wereno transfers in or out of level 3 for the three months ended March 31, 2025.

‎

Financial Assets and Liabilities Not Measured at Fair Value

Financial assets and liabilities not measured at fair value are recorded at carrying value, which approximates fair value due to their short-term nature. The tables below represent the carrying value, fair value and fair value hierarchy category of certain financial assets and liabilities that are not recorded at fair value in the Company's condensed consolidated statements of financial condition for the periods indicated. The tables below exclude certain financial instruments such as equity method investments and all non-financial assets and liabilities.

	Carrying ‎Value	Fair ‎Value	Level 1	Level 2	Level 3
(in millions)
Financial assets, not measured at fair value
Cash and cash equivalents	$3,500	$3,500	$3,500	$—	$—
Cash - segregated for regulatory purposes	39,173	39,173	39,173	—	—
Securities - segregated for regulatory purposes	23,000	23,000	—	23,000	—
Securities borrowed	5,845	5,845	—	5,845	—
Securities purchased under agreements to resell	8,376	8,376	—	8,376	—
Receivables from customers	63,857	63,857	—	63,857	—
Receivables from brokers, dealers and clearing organizations	2,495	2,495	—	2,495	—
Interest receivable	443	443	—	443	—
Other assets	40	42	—	3	39
Total financial assets, not measured at fair value	$146,729	$146,731	$42,673	$104,019	$39

Financial liabilities, not measured at fair value
Short-term borrowings	$12	$12	$—	$12	$—
Securities loaned	16,894	16,894	—	16,894	—
Payables to customers	120,654	120,654	—	120,654	—
Payables to brokers, dealers and clearing organizations	1,226	1,226	—	1,226	—
Interest payable	297	297	—	297	—
Total financial liabilities, not measured at fair value	$139,083	$139,083	$—	$139,083	$—

‎

	Carrying ‎Value	Fair ‎Value	Level 1	Level 2	Level 3
(in millions)
Financial assets, not measured at fair value
Cash and cash equivalents	$3,633	$3,633	$3,633	$—	$—
Cash - segregated for regulatory purposes	36,600	36,600	36,600	—	—
Securities - segregated for regulatory purposes	21,353	21,353	—	21,353	—
Securities borrowed	5,369	5,369	—	5,369	—
Securities purchased under agreements to resell	6,575	6,575	—	6,575	—
Receivables from customers	64,432	64,432	—	64,432	—
Receivables from brokers, dealers and clearing organizations	2,196	2,196	—	2,196	—
Interest receivable	446	446	—	446	—
Other assets	30	32	—	3	29
Total financial assets, not measured at fair value	$140,634	$140,636	$40,233	$100,374	$29

Financial liabilities, not measured at fair value
Short-term borrowings	$14	$14	$—	$14	$—
Securities loaned	16,248	16,248	—	16,248	—
Payables to customers	115,343	115,343	—	115,343	—
Payables to brokers, dealers and clearing organizations	476	476	—	476	—
Interest payable	311	311	—	311	—
Total financial liabilities, not measured at fair value	$132,392	$132,392	$—	$132,392	$—

‎

Netting of Financial Assets and Financial Liabilities

The Company’s policy is to net securities borrowed and securities loaned, and securities purchased under agreements to resell and securities sold under agreements to repurchase that meet the offsetting requirements prescribed in ASC Topic 210-20. In the tables below, the amounts of financial instruments that are not offset in the condensed consolidated statements of financial condition, but could be netted against cash or financial instruments with specific counterparties under master netting agreements, according to the terms of the agreements, including clearing houses (exchange-traded options, warrants and discount certificates) or over the counter currency forward contract counterparties, are presented to provide financial statement readers with the Company’s net payable or receivable with counterparties for these financial instruments.

The tables below present the netting of financial assets and financial liabilities for the periods indicated.

Amounts · Net Amounts · Amounts Not Offset
Gross · Offset in the · Presented in · in the Condensed
Amounts · Condensed · the Condensed · Consolidated
of Financial · Consolidated · Consolidated · Statements of
Assets and · Statements of · Statements of · Financial Condition
Liabilities · Financial · Financial · Cash or Financial · Net
	Recognized		Condition	2	Condition	Instruments	Amount
(in millions)
Offsetting of financial assets
Securities segregated for regulatory purposes:
Segregated securities purchased under agreements to resell		$22,860	1		$—		$22,860	$(22,860)	$—
Segregated securities borrowed		140	1		—		140	(136)	4
Securities borrowed		5,845			—		5,845	(5,638)	207
Securities purchased under agreements to resell		8,376			—		8,376	(8,376)	—
Financial instruments owned, at fair value
Options		152			—		152	(100)	52
Currency forward contracts		1			—		1	—	1
Total		$37,374			$—		$37,374	$(37,110)	$264

(in millions)
Offsetting of financial liabilities
Securities loaned	$16,894	$—	$16,894	$(15,668)	$1,226
Financial instruments sold, but not yet purchased, at fair value
Options	100	—	100	(100)	—
Currency forward contracts	17	—	17	—	17
Total	$17,011	$—	$17,011	$(15,768)	$1,243

‎

Amounts · Net Amounts · Amounts Not Offset
Gross · Offset in the · Presented in · in the Condensed
Amounts · Condensed · the Condensed · Consolidated
of Financial · Consolidated · Consolidated · Statements of
Assets and · Statements of · Statements of · Financial Condition
Liabilities · Financial · Financial · Cash or Financial · Net
	Recognized		Condition	2		Condition	Instruments		Amount
(in millions)
Offsetting of financial assets
Securities segregated for regulatory purposes:
Segregated securities purchased under agreements to resell	$21,353	1			$—			$21,353		$(21,353)	$—
Segregated securities borrowed	—				—			—		—	—
Securities borrowed	5,369				—			5,369		(5,159)	210
Securities purchased under agreements to resell	6,575				—			6,575		(6,575)	—
Financial instruments owned, at fair value
Options	84				—			84		(69)	15
Currency forward contracts	—				—			—		—	—
Total	$33,381				$—			$33,381		$(33,156)	$225

(in millions)
Offsetting of financial liabilities
Securities loaned	$16,248	$—	$16,248	$(15,105)	$1,143
Financial instruments sold, but not yet purchased, at fair value
Options	96	—	96	(69)	27
Currency forward contracts	63	—	63	—	63
Total	$16,407	$—	$16,407	$(15,174)	$1,233

(1)As of March 31, 2025 and December 31, 2024, the Company had $22.9 billion and $21.4 billion, respectively, of securities purchased under agreements to resell, and $140 million and $0, respectively, of securities borrowed that were segregated to satisfy regulatory requirements. These securities are included in “Securities - segregated for regulatory purposes” in the condensed consolidated statements of financial condition.

(2)The Company did not have any balances eligible for netting in accordance with ASC Topic 210-20 as of March 31, 2025 and December 31, 2024.

‎

Secured Financing Transactions – Maturities and Collateral Pledged

The tables below present gross obligations for securities loaned transactions by remaining contractual maturity and class of collateral pledged for the periods indicated.

	Remaining Contractual Maturity
	Overnight		Less than	30 – 90	Over 90
and Open · 30 days · days · days · Total
(in millions)
Securities loaned
Stocks		$16,835		$—		$—	$—	$16,835
Corporate bonds		59		—		—	—	59
Total securities loaned		$16,894		$—		$—	$—	$16,894

	Remaining Contractual Maturity
	Overnight		Less than	30 – 90	Over 90
and Open · 30 days · days · days · Total
(in millions)
Securities loaned
Stocks		$16,215		$—		$—	$—	$16,215
Corporate bonds		33		—		—	—	33
Total securities loaned		$16,248		$—		$—	$—	$16,248

‎

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.