Interactive Brokers Q3 adjusted EPS misses expectations; dividend raised

By Reuters News


Overview

  • Automated global broker's Q3 revenue rose and beat analyst expectations

  • Adjusted EPS for Q3 missed analyst expectations

  • Company raised quarterly dividend to $0.15 per share


Outlook

  • Company did not provide specific financial guidance for upcoming quarters or full year


Result Drivers

  • NET INTEREST INCOME - Co said net interest income rose 19% due to higher average customer margin loans and customer credit balances

  • TRADING ACTIVITY - Co said commission revenue grew 12% on increased futures trading volume and higher daily average revenue trades, while stock and options volumes declined

  • OTHER FEES - Co said other fees and services rose 33%, mainly from higher risk exposure fees, payments for order flow, and market data fees


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.91 bln

$1.89 bln (7 Analysts)

Q3 Adjusted EPS

Miss

$0.67

$0.68 (12 Analysts)

Q3 EPS

$0.69

Q3 Net Income

$1.35 bln

Q3 Net Interest Income

$1.15 bln

Q3 Dividend

$0.15


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

  • Wall Street's median 12-month price target for Interactive Brokers Group Inc is $106.80, about 26.9% above its October 14 closing price of $84.14

  • The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 32 three months ago


Reuters Recommended Reads

  • Oct 13 - JPMorgan's Q3 adjusted EPS, revenue miss estimates

  • Oct 13 - Wells Fargo Q3 revenue rises 2% on loan growth

  • Oct 15 - Wall St banks caught in capital markets lull after a strong first half of 2026


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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