Interactive Brokers Group, Inc. (IBKR) Key Metrics
IBKR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $140.89B
- Enterprise value
- $33.80B
- P/E (TTM)
- 31.6 10-yr median 24.8
- Forward P/E
- 28.2
- PEG ratio
- 1.48
- Price / sales
- 20.0 10-yr median 1.9
- Price / book
- 7.0 10-yr median 0.6
- EV / EBITDA
- 3.4 10-yr median 3.9
- Dividend yield
- 0.11% $0.35 a year
- Beta
- 1.37
IBKR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIBKR valuation Price multiples at each fiscal year-end price.
IBKR returns How much profit the business earns on the capital it uses.
IBKR per-share figures Results divided by the shares outstanding at year-end.
IBKR financial health Debt, liquidity and how easily interest is covered.
IBKR efficiency & capital use Working capital cycle and where the cash goes.
IBKR valuation history
IBKR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IBKR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IBKR cash returned to shareholders
IBKR price vs earnings per share
IBKR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $28.80B | $19.26B | $8.77B | $7.33B | $7.55B | $4.91B | $3.58B | $4.06B | $4.21B | $2.46B |
| Enterprise value | $23.86B | $31.89B | $16.39B | $12.85B | $16.95B | $10.58B | $4.53B | $5.52B | $5.12B | $4.90B |
| P/E ratio | 29.3 | 25.5 | 14.6 | 19.3 | 24.5 | 25.2 | 22.2 | 24.0 | 55.3 | 29.3 |
| Price / sales | 2.8 | 2.1 | 1.1 | 1.7 | 2.6 | 2.0 | 1.4 | 1.8 | 2.6 | 1.8 |
| Price / book | 1.4 | 1.2 | 0.6 | 0.6 | 0.7 | 0.5 | 0.5 | 0.6 | 0.7 | 0.4 |
| Price / free cash flow | 1.8 | 2.2 | 2.0 | 1.9 | 1.3 | 0.6 | 1.4 | 1.7 | 4.1 | 4.0 |
| Price / operating cash flow | 1.8 | 2.2 | 1.9 | 1.8 | 1.3 | 0.6 | 1.3 | 1.7 | 3.9 | 3.9 |
| EV / sales | 2.3 | 3.4 | 2.1 | 3.1 | 5.8 | 4.4 | 1.8 | 2.4 | 3.2 | 3.5 |
| EV / EBITDA | 2.6 | 4.0 | 2.5 | 4.1 | 31.8 | 6.7 | 2.4 | 3.2 | 3.9 | 5.5 |
| EV / free cash flow | 1.5 | 3.7 | 3.6 | 3.3 | 2.9 | 1.3 | 1.7 | 2.4 | 4.9 | 8.1 |
| Earnings yield | 3.4% | 3.9% | 6.8% | 5.2% | 4.1% | 4.0% | 4.5% | 4.2% | 1.8% | 3.4% |
| Free cash flow yield | 54.7% | 45.0% | 51.2% | 53.2% | 77.1% | 163.2% | 72.4% | 57.2% | 24.7% | 24.7% |
| Dividend yield | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.7% | 0.9% | 0.7% | 0.7% | 1.1% |
| Shareholder yield (dividends + buybacks) | 0.8% | 0.8% | 0.9% | 0.8% | 0.9% | 1.0% | 1.6% | 1.8% | 1.2% | 2.1% |
| Share price at fiscal year-end | $64.31 | $44.17 | $20.73 | $18.09 | $19.86 | $15.23 | $11.65 | $13.66 | $14.80 | $9.13 |
| Per share | ||||||||||
| Revenue per share | $22.85 | $21.37 | $18.39 | $10.35 | $7.74 | $7.50 | $8.37 | $7.80 | $5.61 | $5.13 |
| Earnings per share | $2.20 | $1.73 | $1.42 | $0.94 | $0.81 | $0.60 | $0.52 | $0.57 | $0.27 | $0.31 |
| Operating cash flow per share | $35.30 | $20.01 | $10.73 | $9.79 | $15.51 | $25.01 | $8.68 | $7.93 | $3.75 | $2.36 |
| Free cash flow per share | $35.15 | $19.90 | $10.62 | $9.62 | $15.31 | $24.86 | $8.43 | $7.81 | $3.65 | $2.26 |
| Cash per share | $11.08 | $8.33 | $8.86 | $8.48 | $6.30 | $13.31 | $9.38 | $8.74 | $6.10 | $7.15 |
| Book value per share | $45.71 | $38.07 | $33.22 | $28.66 | $26.90 | $27.91 | $25.84 | $24.09 | $22.64 | $21.62 |
| Tangible book value per share | $45.59 | $37.96 | $32.66 | $28.07 | $26.23 | $27.21 | $25.30 | $23.51 | $22.44 | $21.41 |
| Dividends per share | $0.30 | $0.21 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 |
| Capex per share | $0.15 | $0.11 | $0.12 | $0.17 | $0.20 | $0.16 | $0.24 | $0.12 | $0.10 | $0.10 |
| Debt per share | $0.04 | $37.30 | $26.84 | $22.11 | $31.04 | $30.87 | $12.48 | $13.65 | $9.32 | $16.22 |
| Shares outstanding | 447.9M | 436.0M | 423.4M | 405.2M | 380.0M | 322.6M | 307.3M | 297.1M | 284.1M | 269.2M |
| Change in shares outstanding | +2.7% | +3.0% | +4.5% | +6.6% | +17.8% | +5.0% | +3.4% | +4.6% | +5.5% | +7.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.3% | 4.9% | 4.7% | 3.5% | 3.2% | 2.3% | 2.1% | 2.5% | 1.2% | 1.5% |
| Return on invested capital (ROIC) | 35.9% | 28.4% | 30.8% | 15.7% | 9.8% | 11.7% | 20.5% | 19.8% | 11.3% | 8.8% |
| Return on assets (ROA) | 0.6% | 0.5% | 0.5% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.2% |
| Return on tangible assets | 0.5% | 0.5% | 0.5% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.2% |
| Free cash flow margin | 153.9% | 93.1% | 57.7% | 93.0% | 197.9% | 331.3% | 100.7% | 100.1% | 65.0% | 44.0% |
| Income quality (OCF / net income) | 16.07 | 11.55 | 7.57 | 10.44 | 19.14 | 41.37 | 16.56 | 13.94 | 14.01 | 7.56 |
| Financial health | ||||||||||
| Total debt | $19.0M | $16.26B | $11.36B | $8.96B | $11.80B | $9.96B | $3.83B | $4.05B | $2.65B | $4.37B |
| Cash & short-term investments | $4.96B | $3.63B | $3.75B | $3.44B | $2.40B | $4.29B | $2.88B | $2.60B | $1.73B | $1.93B |
| Net debt | −$4.94B | $12.63B | $7.61B | $5.52B | $9.40B | $5.66B | $952.0M | $1.46B | $915.0M | $2.44B |
| Debt / equity | 0.00 | 0.98 | 0.81 | 0.77 | 1.15 | 1.11 | 0.48 | 0.57 | 0.41 | 0.75 |
| Debt / assets | 0.00 | 0.11 | 0.09 | 0.08 | 0.11 | 0.10 | 0.05 | 0.07 | 0.04 | 0.08 |
| Net debt / EBITDA | −0.54 | 1.58 | 1.15 | 1.78 | 17.64 | 3.57 | 0.51 | 0.85 | 0.69 | 2.74 |
| Current ratio | 1.13 | 1.16 | 1.12 | 1.09 | 1.14 | 0.59 | 0.60 | 0.63 | 0.66 | 0.53 |
| Quick ratio | 1.13 | 1.16 | 1.12 | 1.14 | −0.48 | −1.27 | −1.12 | 0.63 | 0.68 | 0.58 |
| Interest coverage | 2.1 | 1.9 | 1.9 | 3.1 | 8.2 | 5.6 | 3.0 | 3.6 | 5.2 | 10.8 |
| Working capital | $20.81B | $18.23B | $11.89B | $8.60B | $12.41B | −$31.50B | −$23.69B | −$18.04B | −$16.84B | −$19.70B |
| Invested capital | $15.53B | $29.23B | $21.68B | $17.14B | $19.62B | $14.67B | $8.89B | $8.61B | $7.35B | $8.26B |
| Tangible asset value | $20.42B | $16.55B | $13.83B | $11.37B | $9.97B | $8.78B | $7.77B | $6.98B | $6.38B | $5.76B |
| Net current asset value | −$4.68B | $1.69B | $351.0M | −$485.0M | $460.0M | −$41.69B | −$28.71B | −$22.93B | −$22.24B | −$26.42B |
| Graham number | $47.54 | $38.51 | $32.55 | $24.59 | $22.15 | $19.48 | $17.45 | $17.56 | $11.67 | $12.32 |
| Graham net-net per share | −$235.96 | −$182.58 | −$178.47 | −$174.19 | $47.94 | $59.87 | $44.36 | −$100.95 | −$107.45 | −$120.79 |
| Capital allocation | ||||||||||
| Dividends paid | $134.0M | $92.0M | $42.0M | $40.0M | $38.0M | $32.0M | $31.0M | $29.0M | $28.0M | $26.0M |
| Share buybacks (net) | $84.0M | $54.0M | $34.0M | $20.0M | $27.0M | $17.0M | $27.0M | $45.0M | $21.0M | $26.0M |
| Dividend payout ratio | 13.6% | 12.2% | 7.0% | 10.5% | 12.3% | 16.4% | 19.3% | 17.2% | 36.8% | 31.0% |
| Dividends + buybacks / free cash flow | 1.4% | 1.7% | 1.7% | 1.5% | 1.1% | 0.6% | 2.2% | 3.2% | 4.7% | 8.6% |
| Capex / revenue | 0.7% | 0.5% | 0.6% | 1.6% | 2.6% | 2.1% | 2.9% | 1.6% | 1.8% | 2.0% |
| Capex / operating cash flow | 0.4% | 0.6% | 1.1% | 1.7% | 1.3% | 0.6% | 2.8% | 1.5% | 2.6% | 4.3% |
| Capex / depreciation | 0.72 | 0.51 | 0.52 | 0.82 | 1.04 | 0.81 | 1.42 | 1.38 | 1.12 | 1.08 |
| Stock-based compensation / revenue | 1.2% | 1.2% | 1.3% | 2.2% | 2.7% | 2.7% | 2.3% | 2.5% | 3.3% | 3.7% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 2.7% | 3.8% | 3.2% | 4.7% | 9.8% | 10.8% | 5.3% | 5.2% | 7.1% | 6.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,911.6 | 2,224.7 | 2,087.3 | 4,414.6 | 6,177.9 | 5,492.9 | 4,256.5 | 4,617.6 | 5,865.9 | 5,062.8 |
| Days of inventory on hand | — | — | — | 31,981.8 | 60,238.4 | 71,790.7 | 34,048.9 | -476.6 | -1,168.4 | 20.3 |
| Days payables outstanding | 47,667.0 | 39,072.2 | 39,203.1 | 42,387.9 | 34,639.9 | 39,312.8 | 35,622.0 | 33,015.0 | 33,530.8 | 29,904.1 |
| Cash conversion cycle (days) | -44,755.5 | -36,847.4 | -37,115.9 | -5,991.4 | 31,776.4 | 37,970.9 | 2,683.4 | -28,874.1 | -28,833.4 | -24,821.0 |
| Receivables turnover | 0.13 | 0.16 | 0.17 | 0.08 | 0.06 | 0.07 | 0.09 | 0.08 | 0.06 | 0.07 |
| Payables turnover | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | 0.01 | 0.01 | 0.01 | — | — | — |
| Asset turnover | 0.06 | 0.07 | 0.06 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 |
| Average receivables | $81.62B | $56.78B | $44.53B | $50.70B | $49.76B | $36.42B | $30.01B | $29.31B | $25.63B | $19.16B |
| Average payables | $136.60B | $109.30B | $98.06B | $90.35B | $81.52B | $66.56B | $52.60B | $48.21B | $45.01B | $39.82B |
| Average inventory | — | — | — | $68.17B | $141.77B | $121.55B | $50.28B | −$696.0M | −$1.57B | $27.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% |
Computed from IBKR's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IBKR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Interactive Brokers traded at 29.3 times earnings, against a 10-year median of 24.8. Based on the latest twelve months, the trailing P/E is 31.6 and the forward P/E is 28.2. Interactive Brokers earned a return on equity of 5.3% and a return on invested capital of 35.9% in fiscal 2025. It ended the year with $19.0 million of debt and $5.0 billion in cash and short-term investments, a net cash position of $4.9 billion. It returned $218.0 million to shareholders: $134.0 million in dividends and $84.0 million in share buybacks, 1% of free cash flow. The share count rose 66.4% from 269.2M to 447.9M over 9 years.
See the IBKR income statement, the IBKR chart for price history, or the IBKR stock overview for the latest quote and news.
IBKR key metrics FAQ
What is Interactive Brokers's P/E ratio?
Interactive Brokers's trailing P/E ratio is 31.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.2. At the end of fiscal 2025 it was 29.3, compared with a 10-year median of 24.8.
What is Interactive Brokers's EV/EBITDA?
Interactive Brokers's enterprise value was 2.6 times EBITDA at the end of fiscal 2025 (enterprise value $23.9 billion, EBITDA $9.1 billion); the current EV/EBITDA is 3.4.
What is Interactive Brokers's return on equity?
Interactive Brokers's return on equity (ROE) was 5.3% in fiscal 2025: net income of $984.0 million on average shareholders' equity of $18.5 billion.
What is Interactive Brokers's ROIC?
Interactive Brokers's return on invested capital was 35.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Interactive Brokers have?
Interactive Brokers had total debt of $19.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Interactive Brokers's dividend yield?
Interactive Brokers's forward dividend yield is 0.11%. Interactive Brokers paid $134.0 million in dividends in fiscal 2025 ($0.30 per share), a payout ratio of 13.6%.
Does Interactive Brokers buy back its shares?
Yes. Interactive Brokers spent $84.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +2.7% over the year, to 447.9M..
What is Interactive Brokers's free cash flow yield?
Interactive Brokers generated $15.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 54.7% on its market value at year-end ($28.8 billion).
What is Interactive Brokers's current ratio?
Interactive Brokers's current ratio was 1.13 at the end of fiscal 2025: current assets were 1.13 times current liabilities.