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$77.57+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| Cautionary Note Regarding Forward Looking Statements | 1 | |
| PART I | ||
|---|---|---|
| ITEM 1 | Business | 2 |
| Overview | 2 | |
| Available Information | 2 | |
| Our Organizational Structure and Overview of Recapitalization Transactions | 3 | |
| Nature of Operations | 4 | |
| Technology | 10 | |
| Clearing and Margining | 12 | |
| Risk Management Activities | 12 | |
| Customers | 13 | |
| Human Capital | 13 | |
| Competition | 15 | |
| Regulation | 15 | |
| ITEM 1A | Risk Factors | 19 |
| ITEM 1B | Unresolved Staff Comments | 32 |
| ITEM 1C | Cybersecurity | 33 |
| ITEM 2 | Properties | 34 |
| ITEM 3 | Legal Proceedings and Regulatory Matters | 35 |
| ITEM 4 | Mine Safety Disclosures | 35 |
| PART II | ||
| ITEM 5 | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 36 |
| ITEM 6 | Reserved | 37 |
| ITEM 7 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 38 |
| Business Overview | 38 | |
| Business Environment | 38 | |
| Financial Overview | 39 | |
| Certain Trends and Uncertainties | 40 | |
| Trading Volumes and Customer Statistics | 41 | |
| Results of Operations | 42 | |
| Liquidity and Capital Resources | 51 | |
| Critical Accounting Policies and Estimates | 54 | |
| ITEM 7A | Quantitative and Qualitative Disclosures about Market Risk | 56 |
| ITEM 8 | Financial Statements and Supplementary Data | 60 |
| ITEM 9 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 104 |
| ITEM 9A | Controls and Procedures | 104 |
| ITEM 9B | Other Information | 106 |
| ITEM 9C | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 106 |
| PART III | ||
| ITEM 10 | Directors, Executive Officers and Corporate Governance | 106 |
| ITEM 11 | Executive Compensation | 108 |
| ITEM 12 | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 108 |
| ITEM 13 | Transactions with Related Persons, Promoters and Certain Control Persons | 108 |
| ITEM 14 | Principal Accountant Fees and Services | 108 |
| PART IV | ||
| ITEM 15 | Exhibits and Financial Statement Schedules | 109 |
| ITEM 16 | 10-K Summary | 109 |
| SIGNATURES | 110 | |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.