Record Annual and Quarterly Financials
Full-year net revenues exceeded $6.0 billion for the first time; quarterly adjusted pretax income surpassed $1 billion for the fifth consecutive quarter. Pretax margin matched the third-quarter record of 79% and achieved a record 77% for the year.
Strong Commission and Trading Revenue Growth
Commission revenues reached a quarterly record of $582 million and full-year commissions were $2.1 billion, up 27% year-over-year, driven by higher trading volumes across major product categories.
Robust Net Interest Income Despite Rate Cuts
GAAP net interest income rose 20% year-over-year to $966 million for the quarter and $3.6 billion for the year; adjusted NIM presentation pushed net interest income to just over $1.0 billion for the quarter for the first time.
Exceptional Client Growth and Asset Expansion
Added more than 1,000,000 net new accounts in 2025 (annual record). Client equity rose 37% year-over-year to $780 billion (an increase of more than $200 billion) — first time ending a year above $750 billion.
Highly Active Client Outcomes and Engagement
Clients outperformed the S&P 500 in 2025: individual investors up 19.2% (+130 bps vs S&P 17.9%), financial advisers up 20.57% (+267 bps), and hedge fund clients up 28.91% (+11 percentage points). Total customer DARTs were 4 million trades/day, up 30% year-over-year.
Significant Volume Growth Across Asset Classes
Options contract volumes up 27% versus prior-year quarter (26% for the full year), futures contract volumes rose 22% for the quarter (12% for the year), stock share volumes rose 16% for the quarter and 38% for the full year.
Balance Sheet Strength and Capital Position
Total assets ended the year 35% higher at $23 billion, firm equity rose 23% to exceed $20 billion, and the company maintains no long-term debt.
Product, Geographic and Platform Expansion
Expanded market access to Brazil, Taiwan, UAE, and Slovenia; added Swedish ISKs, Japan NISAs, and Canadian FHSAs; enabled Stablecoin funding and doubled FDIC suite eligible cash limits; launched Global Trader 2.0 mobile revamp and multiple AI features (AI themes, AI news summaries, Ask IBKR).
ForecastX Growth and New Initiatives
ForecastX volume surged to 286 million pairs traded in the quarter (up from 15 million pairs in Q3), now listing over 10,000 instruments with multiple members quoting — demonstrating rapid early adoption.