Interactive Brokers Group, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Leases
All of the Company’s leases are classified as operating leases and primarily consist of real estate leases for corporate offices, data centers and other facilities. As of March 31, 2025, the weighted-average remaining lease term on these leases is approximately 5.5 years and the weighted-average discount rate used to measure the lease liabilities is approximately 3.98%. For the three months ended March 31, 2025, right-of-use assets obtained under new operating leases were $10 million. The Company’s lease agreements do not contain any residual value guarantees, restrictions, or covenants.
The table below presents balances reported in the condensed consolidated statements of financial condition related to the Company’s leases for the periods indicated.
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (in millions) | ||
| Right-of-use assets 1 | $107 | $102 |
| Lease liabilities 1 | $124 | $121 |
(1)Right-of-use assets are included in “Other assets” and lease liabilities are included in “Accounts payable, accrued expenses and other liabilities” in the Company’s condensed consolidated statements of financial condition.
The table below presents balances reported in the condensed consolidated statements of comprehensive income related to the Company’s leases for the periods indicated.
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in millions) | ||
| Operating lease cost | $9 | $9 |
| Variable lease cost | 1 | 2 |
| Total lease cost | $10 | $11 |
The table below reconciles the undiscounted cash flows of the Company’s leases to the present value of its operating lease payments for the period indicated.
| (in millions) | |
|---|---|
| 2025 (remaining) | $24 |
| 2026 | 30 |
| 2027 | 23 |
| 2028 | 18 |
| 2029 | 18 |
| 2030 | 12 |
| Thereafter | 12 |
| Total undiscounted operating lease payments | 137 |
| Less: imputed interest | (13) |
| Present value of operating lease liabilities | $124 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.