Interactive Brokers Group, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
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 exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2025 | 2024 | 2023 |
| Cash flows from operating activities | |||
| Net income | $4,357 | $3,407 | $2,812 |
| Adjustments to reconcile net income to net cash from operating activities | |||
| Deferred income taxes | 41 | (2) | 30 |
| Depreciation and amortization | 61 | 67 | 65 |
| Amortization of right-of-use assets | 32 | 29 | 29 |
| Employee stock plan compensation | 118 | 112 | 100 |
| Unrealized (gains) losses on other investments, net | (76) | (12) | (14) |
| (Gain) loss on remeasurement of Tax Receivable Agreement liability | 3 | 10 | (7) |
| Customer bad debt expense | 1 | 15 | 7 |
| Shares distributed to customers under IBKR Promotions | 34 | 23 | 12 |
| Non-cash capital contribution | 3 | — | — |
| Change in operating assets and liabilities | |||
| Securities - segregated for regulatory purposes | 1,325 | 7,540 | (3,605) |
| Securities borrowed | (6,220) | 466 | (1,086) |
| Securities purchased under agreements to resell | (542) | (1,071) | 525 |
| Financial instruments owned, at fair value | (3,053) | (434) | (1,033) |
| Receivables from customers | (26,045) | (19,975) | (5,719) |
| Other receivables | (3,049) | (624) | 1,792 |
| Other assets | (348) | (203) | (103) |
| Securities loaned | 8,503 | 4,901 | 2,407 |
| Financial instruments sold, but not yet purchased, at fair value | 447 | 100 | 47 |
| Payable to customers | 38,993 | 14,331 | 7,817 |
| Other payables | 1,226 | 44 | 468 |
| Net cash provided by operating activities | 15,811 | 8,724 | 4,544 |
| Cash flows from investing activities | |||
| Purchases of other investments | (105) | (40) | (26) |
| Distributions received and proceeds from sales of other investments | 1 | 45 | 23 |
| Purchase of property, equipment and intangible assets | (67) | (49) | (49) |
| Net cash used in investing activities | (171) | (44) | (52) |
| Cash flows from financing activities | |||
| Short-term borrowings, net | 5 | (3) | (1) |
| Dividends paid to stockholders | (134) | (92) | (42) |
| Distributions to noncontrolling interests | (836) | (715) | (556) |
| Repurchases of common stock for employee tax withholdings | (84) | (54) | (34) |
| Proceeds from the sale of treasury stock | 95 | 56 | 34 |
| Payments made under the Tax Receivable Agreement | (15) | (25) | (25) |
| Net cash used in financing activities | (969) | (833) | (624) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 391 | (207) | 122 |
| Net increase in cash, cash equivalents and restricted cash | 15,062 | 7,640 | 3,990 |
| Cash, cash equivalents and restricted cash at beginning of period | 40,233 | 32,593 | 28,603 |
| Cash, cash equivalents and restricted cash at end of period | $55,295 | $40,233 | $32,593 |
| Cash, cash equivalents and restricted cash | |||
| Cash and cash equivalents | 4,963 | 3,633 | 3,753 |
| Cash segregated for regulatory purposes | 50,332 | 36,600 | 28,840 |
| Cash, cash equivalents and restricted cash at end of period | $55,295 | $40,233 | $32,593 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | $4,209 | $4,190 | $3,317 |
| Cash paid for taxes, net | $316 | $279 | $228 |
| Cash paid for amounts included in lease liabilities | $42 | $39 | $35 |
| Non-cash financing activities | |||
| Issuance of common stock in exchange of member interests in IBG LLC | $254 | $39 | $229 |
| Redemption of member interests from IBG Holdings LLC | $(254) | $(39) | $(229) |
| Adjustments to additional paid-in capital for changes in proportionate ownership in IBG LLC | $48 | $41 | $33 |
| Adjustments to noncontrolling interests for changes in proportionate ownership in IBG LLC | $(48) | $(41) | $(33) |
| Non-cash distributions to noncontrolling interests | $(69) | $— | $— |
| Advertising expenses paid by noncontrolling interests | $(3) | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.