Interactive Brokers (IBKR)
NASDAQFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-09-04
$92.62-0.36%
Close 2026-09-04 · 1-day change
NASDAQFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-09-04
Intact: The reason to own it still holds.
Interactive Brokers grows customer accounts 31% to 4.75 million. Revenue is guided near $1.68 billion next quarter. Profit per share is steady at about $0.60. New trading tools and rule changes support lasting growth.
Revenue growth could stall if trading activity slows. Profit margins may compress if costs rise. Competition or regulation could limit customer gains.
The price is about 53% above our fair value near $62. Analysts expect 12% revenue growth. We see risk that growth or profits may not meet these high expectations.
Breaks if: customer accounts fail to grow by 31% year-over-year
Breaks if: EPS falls below $0.59 next quarter
Breaks if: net revenue falls below $1.67 billion next quarter
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a stable management team and robust earnings quality. The current thesis state is intact, supported by strong recent financial performance and a focus on growth metrics.
The valuation is considered expensive compared to peers, with a durable premium. The market seems to have priced in a justified level of performance, but there is a slight expectations gap that could influence future sentiment.
Management is on track to meet its revenue and earnings targets, with significant growth in customer accounts. While the near-term risk of missing estimates is low, recent trends in earnings surprises are declining, which could impact future performance.
The thesis hinges on the performance of sector bellwethers like BNY, BK, and SF. If these companies continue to beat earnings and guide higher, it could support IBKR's momentum. Conversely, any misses or lowered guidance from these peers could negatively affect IBKR's outlook.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The latest earnings beat supports the thesis. However, account growth faces a valuation test, which poses a challenge.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Overall, IBKR's fundamentals are strong, but sector performance will be crucial in the next few quarters. Not investment advice.