On this page of StockholderLetter.com we present the latest annual shareholder letter from Interactive Brokers Group, Inc. — ticker symbol IBKR. Reading current and past IBKR letters to shareholders can bring important insights into the investment thesis.
Expanding the Trading Universe Annual Report
An Expanding Universe of Trading Interactive Brokers continues to add opportunities for clients around the world to access global markets. Our platforms are designed to match any client s trading style and expertise. Trading Platforms by Trading Experience Beginner IBKR GlobalTrader MOBILE Client Portal WEB IBKR Desktop DESKTOP IBKR Mobile MOBILE Trader Workstation (TWS) DESKTOP IBKR API DESKTOP Specialty Trading Platforms IBKR ForecastTrader WEB IMPACT MOBILE Intermediate Advanced
A Broker You Can Trust Financial Strength $5.2 $3.7 71% Net Revenues1 Pretax Pro t1 Pretax Margin1 36 28 Billion Global Reach 160+ 1 Billion 1 Market Centers Currencies1 Countries Five-Year Compound Annual Growth Rate1 Client Accounts 3,000 (Thousands) 2,500 37% 2,000 Growth 1,500 1,000 500 0 Client Equity $500 (Billions) $400 27 Growth 690 1,073 1,676 2,091 2,562 3,337 2019 2020 2021 2022 2023 2024 $174 $288 $374 $307 $426 $568 2019 2020 2021 2022 2023 2024 833 1,787 2,570 2,124 1,940 2,641 2019 2020 2021 2022 2023 2024 $300 $200 $100 $0 Total Client DARTs 2,500 (Thousands) 2,000 26 Growth Daily Average Revenue Trades. 1,500 1,000 500 0 1. As of December 31, 2024. Includes IBG and all affiliates.
Pricing Experience Professional Pricing Borrow and Earn from a Single Integrated Investment Account Clients Borrow at Low Rates1 Clients can borrow USD against their account holdings at 4.83% - 5.83% annual rate2 Margin Rates $ 25K $ 300K $ 1.5M $ 3.5M Interactive Brokers 5.83% 5.50% 5.28% 5.17% E*Trade 12.70% 11.20% N/A N/A Fidelity 12.08% 10.83% 8.25% 8.25% Schwab 12.08% 10.83% N/A N/A Vanguard 12.25% 10.75% N/A N/A Clients Earn Interest at Competitive Rates Clients can earn up to 3.83%3 on instantly available cash balances over USD 10,000 Additional security available for uninvested cash through our Insured Bank Deposit Sweep Program Interest Rates4 Interactive Brokers Bank of America Citi E*Trade JP Morgan Schwab Wells Fargo NAV = $20,000 Cash = $5,000 0.000%3 0.010% 0.030% 0.010% 0.020% 0.050% 0.260% NAV = $80,000 Cash = $20,000 1.532%3 0.010% 0.030% 0.010% 0.020% 0.050% 0.260% NAV = $320,000 Cash = $80,000 3.351%3 0.010% 0.060% 0.010% 0.020% 0.050% 0.260% Scenario Margin borrowing is only for experienced investors with high risk tolerance. You may lose more than your initial investment. For additional information about margin trading including risks please see the Margin Risk Disclosure at ibkr.com/info 1. According to StockBrokers.com Interactive Brokers Review: Online Broker Reviews, January 29, 2025. One of Interactive Brokers most compelling features: they offer some of the lowest margin rates in the industry. 2. Annual Percentage Rate (APR) on USD margin loan balances for IBKR Pro as of February 5, 2025. Interactive Brokers calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For more information, see ibkr.com/lowcost 3. Rate shown applies to IBKR Pro clients only. Cash held in the commodities segment of an account does not earn interest. Rates are subject to change. Rates as of February 5, 2025. Source: bankofamerica.com, citi.com, us.etrade.com, jpmorgan.com, schwab.com, wellsfargoadvisors.com. Interest rates shown are based on standard brokerage account or bank balances for customers located in Greenwich, CT. Interest rates may vary depending on location of customers. For more information, see ibkr.com/interestpaid 4. Interest is not available in Japan and Israel. In Central Europe accounts receive yields at a proportional rate. Interactive Brokers LLC is a U.S. Broker/ Dealer and not a Bank, as such Interactive Brokers accounts are not eligible for FDIC coverage but are insured through SIPC. For additional information about SIPC coverage please visit www.sipc.org
Tools Implement Trading and Investment Strategies Access to Over 100 Order Types and Algorithms1 IBKR Pro traders have access to advanced trading tools to execute trading strategies and to help limit risks, speed order execution, support price improvement, provide privacy, time the market and simplify the trading process Our growing family of algos includes Accumulate/Distribute to buy or sell large quantities in smaller, random sized increments over time, and MidPrice, which allows clients to ll at the current midpoint of the NBBO or better News and Research Tool: Value from the Inside Out2 Offers easy-to-use, complimentary access to 60+ industry-leading sources spanning all markets and content types Access to news, market commentary/opinion, press releases, lings and more Daily Overview home page displays timely, high-quality coverage on portfolio and watchlist holdings, plus on recently traded symbols Views can be customized with ltered news, with over 40 lters for honed search results Access to dozens of free and premium market research providers Fundamentals Explorer provides IBKR clients with comprehensive nancial data, key ratios, analyst ratings and more on thousands of global companies 1. For more details see www.ibkr.com/algos 2. For more details see www.ibkr.com/n-and-r
 • shareholder letter icon 3/6/2025 Letter Continued (Full PDF)
 • stockholder letter icon 3/8/2023 IBKR Stockholder Letter
 • stockholder letter icon 3/6/2024 IBKR Stockholder Letter
 • stockholder letter icon More "Investment Brokerages" Category Stockholder Letters
 • Benford's Law Stocks icon IBKR Benford's Law Stock Score = 100


IBKR Shareholder/Stockholder Letter Transcript:

Expanding the Trading Universe
Annual Report

An Expanding
Universe of Trading
Interactive Brokers continues to add opportunities for clients around
the world to access global markets. Our platforms are designed to match
any client   s trading style and expertise.
Trading Platforms by Trading Experience
Beginner
IBKR GlobalTrader
MOBILE
Client Portal
WEB
IBKR Desktop
DESKTOP
IBKR Mobile
MOBILE
Trader Workstation (TWS)
DESKTOP
IBKR API
DESKTOP
Specialty Trading Platforms
IBKR ForecastTrader
WEB
IMPACT
MOBILE
Intermediate
Advanced

A Broker You Can Trust
Financial Strength
$5.2
$3.7
71%
Net Revenues1
Pretax Pro   t1
Pretax Margin1
36
28
Billion
Global Reach
160+
1
Billion
1
Market Centers
Currencies1
Countries
Five-Year Compound Annual Growth Rate1
Client Accounts
3,000
(Thousands)
2,500
37%
2,000
Growth
1,500
1,000
500
0
Client Equity
$500
(Billions)
$400
27

Growth
690
1,073
1,676
2,091
2,562
3,337
2019
2020
2021
2022
2023
2024
$174
$288
$374
$307
$426
$568
2019
2020
2021
2022
2023
2024
833
1,787
2,570
2,124
1,940
2,641
2019
2020
2021
2022
2023
2024
$300
$200
$100
$0
Total Client DARTs   
2,500
(Thousands)
2,000
26

Growth
    Daily Average Revenue Trades.
1,500
1,000
500
0
1. As of December 31, 2024. Includes IBG and all affiliates.

Pricing
Experience Professional Pricing
Borrow and Earn from a Single Integrated Investment Account
Clients Borrow at Low Rates1

Clients can borrow USD against their account holdings at 4.83% - 5.83% annual rate2
Margin Rates
$ 25K
$ 300K
$ 1.5M
$ 3.5M
Interactive Brokers
5.83%
5.50%
5.28%
5.17%
E*Trade
12.70%
11.20%
N/A
N/A
Fidelity
12.08%
10.83%
8.25%
8.25%
Schwab
12.08%
10.83%
N/A
N/A
Vanguard
12.25%
10.75%
N/A
N/A
Clients Earn Interest at Competitive Rates

Clients can earn up to 3.83%3 on instantly available cash balances over USD 10,000

Additional security available for uninvested cash through our Insured Bank Deposit Sweep Program
Interest Rates4
Interactive
Brokers
Bank of
America
Citi
E*Trade
JP Morgan
Schwab
Wells Fargo
NAV = $20,000
Cash = $5,000
0.000%3
0.010%
0.030%
0.010%
0.020%
0.050%
0.260%
NAV = $80,000
Cash = $20,000
1.532%3
0.010%
0.030%
0.010%
0.020%
0.050%
0.260%
NAV = $320,000
Cash = $80,000
3.351%3
0.010%
0.060%
0.010%
0.020%
0.050%
0.260%
Scenario
Margin borrowing is only for experienced investors with high risk tolerance. You may lose more than your initial investment.
For additional information about margin trading including risks please see the Margin Risk Disclosure at ibkr.com/info
1. According to StockBrokers.com Interactive Brokers Review: Online Broker Reviews, January 29, 2025.    One of Interactive Brokers    most compelling
features: they offer some of the lowest margin rates in the industry.   
2. Annual Percentage Rate (APR) on USD margin loan balances for IBKR Pro as of February 5, 2025. Interactive Brokers calculates the interest charged on
margin loans using the applicable rates for each interest rate tier listed on its website. For more information, see ibkr.com/lowcost
3. Rate shown applies to IBKR Pro clients only. Cash held in the commodities segment of an account does not earn interest. Rates are subject to change.
Rates as of February 5, 2025. Source: bankofamerica.com, citi.com, us.etrade.com, jpmorgan.com, schwab.com, wellsfargoadvisors.com. Interest
rates shown are based on standard brokerage account or bank balances for customers located in Greenwich, CT. Interest rates may vary depending
on location of customers. For more information, see ibkr.com/interestpaid
4. Interest is not available in Japan and Israel. In Central Europe accounts receive yields at a proportional rate. Interactive Brokers LLC is a U.S. Broker/
Dealer and not a Bank, as such Interactive Brokers    accounts are not eligible for FDIC coverage but are insured through SIPC. For additional information
about SIPC coverage please visit www.sipc.org

Tools
Implement Trading and
Investment Strategies
Access to Over 100 Order Types and Algorithms1

IBKR Pro traders have access to advanced trading tools to execute trading strategies and to help
limit risks, speed order execution, support price improvement, provide privacy, time the market and
simplify the trading process

Our growing family of algos includes Accumulate/Distribute to buy or sell large quantities in smaller,
random sized increments over time, and MidPrice, which allows clients to    ll at the current midpoint
of the NBBO or better
News and Research Tool: Value from the Inside Out2

Offers easy-to-use, complimentary access to 60+ industry-leading sources spanning all markets
and content types

Access to news, market commentary/opinion, press releases,    lings and more

Daily Overview home page displays timely, high-quality coverage on portfolio and watchlist holdings,
plus on recently traded symbols

Views can be customized with    ltered news, with over 40    lters for honed search results

Access to dozens of free and premium market research providers

Fundamentals Explorer provides IBKR clients with comprehensive    nancial data, key ratios, analyst
ratings and more on thousands of global companies
1. For more details see www.ibkr.com/algos
2. For more details see www.ibkr.com/n-and-r



shareholder letter icon 3/6/2025 Letter Continued (Full PDF)
 

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