Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): January 21, 2025

Interactive Brokers Group, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-33440	30-0390693
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

One Pickwick Plaza, Greenwich, Connecticut 06830

(Address of Principal Executive Offices) (Zip Code)

(203) 618-5800

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class		Trading Symbol		Name of the exchange on which registered
Class A common stock, par value $.01 per share		IBKR		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On January 21, 2025, Interactive Brokers Group, Inc. (the “Company”) issued a press release reporting its financial results for the quarter ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference. All of the information furnished in this report (including Exhibit 99.1 hereto) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and unless expressly set forth by specific reference in such filings, shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

99.1	Press Release dated January 21, 2025.

104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL Document).

***

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 21, 2025

	INTERACTIVE BROKERS GROUP, INC.


	By:	/s/ Paul J. Brody
	Name:	Paul J. Brody
	Title:	Chief Financial Officer, Treasurer and Secretary

INTERACTIVE BROKERS GROUP ANNOUNCES 4Q2024 RESULTS

— — —

GAAP DILUTED EPS OF $1.99, ADJUSTED¹ EPS OF $2.03

GAAP NET REVENUES OF $1,387 MILLION, ADJUSTED NET REVENUES OF $1,424 MILLION

GREENWICH, CT, January 21, 2025 — Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended December 31, 2024.

Reported diluted earnings per share were $1.99 for the current quarter and $2.03 as adjusted. For the year-ago quarter, reported diluted earnings per share were $1.48 and $1.52 as adjusted.

Reported net revenues were $1,387 million for the current quarter and $1,424 million as adjusted. For the year-ago quarter, reported net revenues were $1,139 million and $1,149 million as adjusted.

Reported income before income taxes was $1,040 million for the current quarter and $1,077 million as adjusted. For the year-ago quarter, reported income before income taxes was $816 million and $831 million as adjusted.

Financial Highlights

(All comparisons are to the year-ago quarter.)

•	Commission revenue increased 37% to $477 million on higher customer trading volumes. Customer trading volume in options and stocks increased 32% and 65%, respectively, while customer futures volume decreased by 3%.

•	Net interest income increased 11% to $807 million on higher average customer margin loans and customer credit balances.

•	Other fees and services increased $26 million, or 47%, to $81 million, led by increases of $14 million in risk exposure fees and $4 million in payments for order flow from exchange-mandated programs.

•	Execution, clearing and distribution fees expenses increased 15% to $115 million, driven by a higher SEC fee rate, a new FINRA Consolidated Audit Trail (“CAT”) fee initiated during the current quarter, and higher customer trading volumes in options and stocks.

•	General and administrative expenses increased $14 million, or 31%, to $59 million, driven primarily by an increase of $9 million in advertising expenses.

•	Pretax profit margin for the current quarter was 75% as reported and 76% as adjusted. For the year-ago quarter, pretax margin was 72% both as reported and as adjusted.

•	Total equity of $16.6 billion.

The Interactive Brokers Group, Inc. Board of Directors declared a quarterly cash dividend of $0.25 per share. This dividend is payable on March 14, 2025, to shareholders of record as of February 28, 2025.

¹ See the reconciliation of non-GAAP financial measures starting on page 9.

Business Highlights

(All comparisons are to the year-ago quarter.)

•	Customer accounts increased 30% to 3.34 million.

•	Customer equity increased 33% to $568.2 billion.

•	Total DARTs² increased 61% to 3.12 million.

•	Customer credits increased 15% to $119.7 billion.

•	Customer margin loans increased 45% to $64.2 billion.

Other Items

In connection with our currency diversification strategy, we base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. In this quarter, our currency diversification strategy decreased our comprehensive earnings by $266 million, as the U.S. dollar value of the GLOBAL decreased by approximately 1.63%. The effects of the currency diversification strategy are reported as components of (1) Other Income (loss of $18 million) and (2) Other Comprehensive Income (loss of $248 million).

This quarter, Other Income also includes a $24 million net gain from our investment in Tiger Brokers, which is comprised of a one-time realized gain of $34 million from the sale of a portion of such investment and a $10 million unrealized loss.

Conference Call Information:

Interactive Brokers Group, Inc. will hold a conference call with investors today, January 21, 2025, at 4:30 p.m. ET to discuss its quarterly results. Members of the public who would like to listen to the conference call should register at

https://register.vevent.com/register/BI6ae762cae1c640e587dcb275064fe06c to obtain the dial-in details. The number should be dialed approximately ten minutes prior to the start of the conference call. The conference call will also be accessible simultaneously, and through replays, as an audio webcast through the Investor Relations section of the Interactive Brokers web site, www.interactivebrokers.com/ir.

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 150 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others.

Cautionary Note Regarding Forward-Looking Statements:

The foregoing information contains certain forward-looking statements that reflect the Company’s current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the Company’s actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company’s financial results may be found in the Company’s filings with the Securities and Exchange Commission.

For Interactive Brokers Group, Inc. Investors: Nancy Stuebe, investor-relations@ibkr.com or Media: Rob Garfield, media@ibkr.com.

² Daily average revenue trades (DARTs) are based on customer orders.

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

			Three Months				Twelve Months
			Ended December 31,				Ended December 31,
			2024		2023		2024		2023
			(in millions, except share and per share data)

Revenues:
	Commissions		$	477	$	348	$	1,697	$	1,360
	Other fees and services			81		55		280		197
	Other income (loss)			22		6		60		(11)
		Total non-interest income		580		409		2,037		1,546

	Interest income			1,863		1,695		7,339		6,230
	Interest expense			(1,056)		(965)		(4,191)		(3,436)
		Total net interest income		807		730		3,148		2,794
		Total net revenues		1,387		1,139		5,185		4,340

Non-interest expenses:
	Execution, clearing and distribution fees			115		100		447		386
	Employee compensation and benefits			138		136		574		527
	Occupancy, depreciation and amortization			24		25		101		99
	Communications			10		12		39		41
	General and administrative			59		45		314		211
	Customer bad debt			1		5		15		7
		Total non-interest expenses		347		323		1,490		1,271

Income before income taxes				1,040		816		3,695		3,069
Income tax expense				71		77		288		257

Net income				969		739		3,407		2,812
Net income attributable to noncontrolling interests				752		579		2,652		2,212

Net income available for common stockholders			$	217	$	160	$	755	$	600

Earnings per share:
	Basic		$	2.00	$	1.49	$	6.99	$	5.72
	Diluted		$	1.99	$	1.48	$	6.93	$	5.67

Weighted average common shares outstanding:
	Basic			108,885,363		107,021,836		108,112,199		104,965,050
	Diluted			109,683,522		107,811,190		109,002,938		105,846,877

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

			Three Months				Twelve Months
			Ended December 31,				Ended December 31,
			2024		2023		2024		2023
			(in millions, except share and per share data)

Comprehensive income:
	Net income available for common stockholders		$	217	$	160	$	755	$	600
	Other comprehensive income:
		Cumulative translation adjustment, before income taxes		(64)		37		(53)		30
		Income taxes related to items of other comprehensive income		-		-		-		-
	Other comprehensive income (loss), net of tax			(64)		37		(53)		30
Comprehensive income available for common stockholders			$	153	$	197	$	702	$	630

Comprehensive earnings per share:
	Basic		$	1.42	$	1.84	$	6.50	$	6.00
	Diluted		$	1.41	$	1.83	$	6.44	$	5.95

Weighted average common shares outstanding:
	Basic			108,885,363		107,021,836		108,112,199		104,965,050
	Diluted			109,683,522		107,811,190		109,002,938		105,846,877


Comprehensive income attributable to noncontrolling interests:
	Net income attributable to noncontrolling interests		$	752	$	579	$	2,652	$	2,212
	Other comprehensive income - cumulative translation adjustment			(184)		111		(154)		92
Comprehensive income attributable to noncontrolling interests			$	568	$	690	$	2,498	$	2,304

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

				December 31, 2024		December 31, 2023
				(in millions)

Assets
Cash and cash equivalents				$	3,633	$	3,753
Cash - segregated for regulatory purposes					36,600		28,840
Securities - segregated for regulatory purposes					27,846		35,386
Securities borrowed					5,369		5,835
Securities purchased under agreements to resell					6,575		5,504
Financial instruments owned, at fair value					1,924		1,488
Receivables from customers, net of allowance for credit losses					64,432		44,472
Receivables from brokers, dealers and clearing organizations					2,196		1,643
Other assets					1,943		1,502
	Total assets			$	150,518	$	128,423

Liabilities and equity

Liabilities
Short-term borrowings				$	14	$	17
Securities loaned					16,248		11,347
Financial instruments sold but not yet purchased, at fair value					293		193
Other payables:
	Customers				115,343		101,012
	Brokers, dealers and clearing organizations				476		590
	Other payables				1,547		1,197
					117,366		102,799
	Total liabilities				133,921		114,356

Equity
Stockholders' equity					4,280		3,584
Noncontrolling interests					12,317		10,483
	Total equity				16,597		14,067
	Total liabilities and equity			$	150,518	$	128,423

		December 31, 2024			December 31, 2023
Ownership of IBG LLC Membership Interests		Interests	%		Interests		%

IBG, Inc.		108,931,614	25.8%		107,049,483		25.4%
Noncontrolling interests (IBG Holdings LLC)		313,643,354	74.2%		313,976,354		74.6%

Total IBG LLC membership interests		422,574,968	100.0%		421,025,837		100.0%

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

OPERATING DATA

EXECUTED ORDER VOLUMES:

(in 000's, except %)

	Customer	%	Principal	%	Total	%
Period	Orders	Change	Orders	Change	Orders	Change
2022	532,064		26,966		559,030
2023	483,015	(9%)	29,712	10%	512,727	(8%)
2024	661,666	37%	63,348	113%	725,014	41%

4Q2023	120,886		7,932		128,818
4Q2024	196,433	62%	23,220	193%	219,653	71%

3Q2024	171,620		17,722		189,342
4Q2024	196,433	14%	23,220	31%	219,653	16%

CONTRACT AND SHARE VOLUMES:

(in 000's, except %)

TOTAL

	Options	%	Futures¹	%	Stocks	%
Period	(contracts)	Change	(contracts)	Change	(shares)	Change
2022	908,415		207,138		330,035,586
2023	1,020,736	12%	209,034	1%	252,742,847	(23%)
2024	1,344,855	32%	218,327	4%	307,489,711	22%

4Q2023	279,945		53,883		59,046,908
4Q2024	371,684	33%	52,285	(3%)	97,610,745	65%

3Q2024	344,540		56,825		72,117,769
4Q2024	371,684	8%	52,285	(8%)	97,610,745	35%

CUSTOMER

	Options	%	Futures¹	%	Stocks	%
Period	(contracts)	Change	(contracts)	Change	(shares)	Change
2022	873,914		203,933		325,368,714
2023	981,172	12%	206,073	1%	248,588,960	(24%)
2024	1,290,770	32%	214,864	4%	302,040,873	22%

4Q2023	269,082		52,996		58,112,082
4Q2024	356,255	32%	51,662	(3%)	95,910,447	65%

3Q2024	330,173		56,078		70,751,412
4Q2024	356,255	8%	51,662	(8%)	95,910,447	36%

PRINCIPAL

	Options	%	Futures¹	%	Stocks	%
Period	(contracts)	Change	(contracts)	Change	(shares)	Change
2022	34,501		3,205		4,666,872
2023	39,564	15%	2,961	(8%)	4,153,887	(11%)
2024	54,085	37%	3,463	17%	5,448,838	31%

4Q2023	10,863		887		934,826
4Q2024	15,429	42%	623	(30%)	1,700,298	82%

3Q2024	14,367		747		1,366,357
4Q2024	15,429	7%	623	(17%)	1,700,298	24%

Includes options on futures.

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

OPERATING DATA, CONTINUED

CUSTOMER STATISTICS

Year over Year		4Q2024		4Q2023	% Change
Total Accounts (in thousands)		3,337		2,562	30%
Customer Equity (in billions)¹	$	568.2	$	426.0	33%
Total Customer DARTs (in thousands)		3,118		1,934	61%

Cleared Customers
Commission per Cleared Commissionable Order²	$	2.72	$	3.19	(15%)
Cleared Avg. DARTs per Account (Annualized)		213		172	24%

Consecutive Quarters		4Q2024		3Q2024	% Change
Total Accounts (in thousands)		3,337		3,120	7%
Customer Equity (in billions)¹	$	568.2	$	541.5	5%
Total Customer DARTs (in thousands)		3,118		2,703	15%

Cleared Customers
Commission per Cleared Commissionable Order²	$	2.72	$	2.83	(4%)
Cleared Avg. DARTs per Account (Annualized)		213		198	8%

Excludes non-customers.

Commissionable Order - a customer order that generates commissions.

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

NET INTEREST MARGIN

(UNAUDITED)

			Three Months				Twelve Months
			Ended December 31,				Ended December 31,
			2024		2023		2024		2023
			(in millions)
Average interest-earning assets
	Segregated cash and securities		$	65,466	$	59,482	$	62,117	$	59,582
	Customer margin loans			60,290		42,769		53,503		41,229
	Securities borrowed			6,089		5,185		5,899		5,315
	Other interest-earning assets			11,873		10,534		11,180		10,114
	FDIC sweeps¹			4,643		3,554		4,214		3,003
			$	148,361	$	121,524	$	136,913	$	119,243

Average interest-bearing liabilities
	Customer credit balances		$	114,274	$	96,598	$	105,840	$	96,081
	Securities loaned			15,268		9,922		13,737		9,518
	Other interest-bearing liabilities			104		1		26		1
			$	129,646	$	106,521	$	119,603	$	105,600

Net interest income
	Segregated cash and securities, net		$	747	$	760	$	3,024	$	2,791
	Customer margin loans²			792		631		3,012		2,278
	Securities borrowed and loaned, net			25		43		92		276
	Customer credit balances, net²			(884)		(866)		(3,595)		(3,125)
	Other net interest income^1/3			150		171		690		600
		Net interest income³	$	830	$	739	$	3,223	$	2,820

Net interest margin ("NIM")				2.23%		2.41%		2.35%		2.36%

Annualized yields
	Segregated cash and securities			4.54%		5.07%		4.87%		4.68%
	Customer margin loans			5.23%		5.85%		5.63%		5.53%
	Customer credit balances			3.08%		3.56%		3.40%		3.25%

Represents the average amount of customer cash swept into FDIC-insured banks as part of our Insured Bank Deposit Sweep Program. This item is not recorded in the Company's consolidated statements of financial condition. Income derived from program deposits is reported in other net interest income in the table above.

Interest income and interest expense on customer margin loans and customer credit balances, respectively, are calculated on daily cash balances within each customer’s account on a net basis, which may result in an offset of balances across multiple account segments (e.g., between securities and commodities segments).

Includes income from financial instruments that has the same characteristics as interest, but is reported in other fees and services and other income in the Company’s consolidated statements of comprehensive income. For the three and twelve months ended December 31, 2024 and 2023, $8 million, $28 million, $5 million, and $19 million were reported in other fees and services, respectively. For the three and twelve months ended December 31, 2024 and 2023, $15 million, $47 million, $4 million, and $7 million were reported in other income, respectively.

INTERACTIVE BROKERS GROUP, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(UNAUDITED)

		Three Months				Twelve Months
		Ended December 31,				Ended December 31,
		2024		2023		2024		2023
		(in millions)

Adjusted net revenues¹
Net revenues - GAAP		$	1,387	$	1,139	$	5,185	$	4,340

Non-GAAP adjustments
	Currency diversification strategy, net		18		9		15		80
	Mark-to-market on investments²		10		8		48		(46)
	Remeasurement of TRA liability³		9		(7)		9		(7)
Total non-GAAP adjustments			37		10		72		27
Adjusted net revenues		$	1,424	$	1,149	$	5,257	$	4,367

Adjusted income before income taxes¹
Income before income taxes - GAAP		$	1,040	$	816	$	3,695	$	3,069

Non-GAAP adjustments
	Currency diversification strategy, net		18		9		15		80
	Mark-to-market on investments²		10		8		48		(46)
	Remeasurement of TRA liability³		9		(7)		9		(7)
	Bad debt expense⁴		-		5		-		5
Total non-GAAP adjustments			37		15		72		32
Adjusted income before income taxes		$	1,077	$	831	$	3,767	$	3,101

Adjusted pre-tax profit margin			76%		72%		72%		71%

		Three Months				Twelve Months
		Ended December 31,				Ended December 31,
		2024		2023		2024		2023
		(in millions)
Adjusted net income available for common stockholders¹
Net income available for common stockholders - GAAP		$	217	$	160	$	755	$	600

Non-GAAP adjustments
	Currency diversification strategy, net		5		2		4		20
	Mark-to-market on investments²		3		2		12		(12)
	Remeasurement of TRA liability³		9		(7)		9		(7)
	Bad debt expense⁴		-		1		-		1
	Income tax effect of above adjustments⁵		(2)		(1)		(4)		(2)
	Remeasurement of deferred income taxes⁶		(11)		7		(11)		7
Total non-GAAP adjustments			5		5		11		8
Adjusted net income available for common stockholders		$	222	$	164	$	766	$	608

Note: Amounts may not add due to rounding.

		Three Months				Twelve Months
		Ended December 31,				Ended December 31,
		2024		2023		2024		2023
		(in dollars)
Adjusted diluted EPS¹
Diluted EPS - GAAP		$	1.99	$	1.48	$	6.93	$	5.67

Non-GAAP adjustments
	Currency diversification strategy, net		0.04		0.02		0.04		0.19
	Mark-to-market on investments²		0.02		0.02		0.11		(0.11)
	Remeasurement of TRA liability³		0.08		(0.07)		0.08		(0.07)
	Bad debt expense⁴		0.00		0.01		0.00		0.01
	Income tax effect of above adjustments⁵		(0.02)		(0.01)		(0.03)		(0.01)
	Remeasurement of deferred income taxes⁶		(0.10)		0.07		(0.10)		0.07
Total non-GAAP adjustments			0.04		0.04		0.10		0.08
Adjusted diluted EPS		$	2.03	$	1.52	$	7.03	$	5.75

Diluted weighted average common shares outstanding			109,683,522		107,811,190		109,002,938		105,846,877

Note: Amounts may not add due to rounding.

Note: The term “GAAP” in the following explanation refers to generally accepted accounting principles in the United States.

¹Adjusted net revenues, adjusted income before income taxes, adjusted net income available for common stockholders and adjusted diluted earnings per share (“EPS”) are non-GAAP financial measures.

•	We define adjusted net revenues as net revenues adjusted to remove the effect of our currency diversification strategy, our net mark-to-market gains (losses) on investments², and the remeasurement of our Tax Receivable Agreement (“TRA”) liability³.

•	We define adjusted income before income taxes as income before income taxes adjusted to remove the effect of our currency diversification strategy, our net mark-to-market gains (losses) on investments, the remeasurement of our TRA liability, and unusual bad debt expense⁴.

•

We define adjusted net income available to common stockholders as net income available for common stockholders adjusted to remove the after-tax effects attributable to IBG, Inc. of our currency diversification strategy, our net mark-to-market gains (losses) on investments, the remeasurement of our TRA liability, unusual bad debt expense, and the remeasurement of certain deferred tax assets⁶.

•	We define adjusted diluted EPS as adjusted net income available for common stockholders divided by the diluted weighted average number of shares outstanding for the period.

Management believes these non-GAAP items are important measures of our financial performance because they exclude certain items that may not be indicative of our core operating results and business outlook and may be useful to investors and analysts in evaluating the operating performance of the business and facilitating a meaningful comparison of our results in the current period to those in prior and future periods. Our currency diversification strategy, our mark-to-market on investments, the remeasurement of our TRA liability, unusual bad debt expense, and the remeasurement of certain deferred tax assets are excluded because management does not believe they are indicative of our underlying core business performance. Adjusted net revenues, adjusted income before income taxes, adjusted net income available to common stockholders and adjusted diluted EPS should be considered in addition to, rather than as a substitute for, GAAP net revenues, income before income taxes, net income attributable to common stockholders and diluted EPS.

² Mark-to-market on investments represents the net mark-to-market gains (losses) on investments in equity securities that do not qualify for equity method accounting, which are measured at fair value; on our U.S. government and municipal securities portfolios, which are typically held to maturity; and on certain other investments, including equity securities taken over by the Company as a customer accommodation due to a technical issue at the New York Stock Exchange that occurred on the morning of June 3, 2024.

³Remeasurement of our TRA liability represents the change in the amount payable to IBG Holdings LLC under the TRA, primarily due to changes in the Company’s effective tax rates. This is related to the remeasurement of the deferred tax assets described below. For further information refer to Note 4 – Equity and Earnings per Share under Part II, Item 8 – Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K filed with the Securities Exchange Commission (“SEC”) on February 27, 2024.

⁴Unusual bad debt expense consists of a credit loss on a loan not related to margin lending.

⁵The income tax effect is estimated using the statutory income tax rates applicable to the Company.

⁶Remeasurement of certain deferred tax assets represents the change in the unamortized balance of deferred tax assets related to the step-up in basis arising from the acquisition of interests in IBG LLC, primarily due to changes in the Company’s effective tax rates. For further information refer to Note 4 – Equity and Earnings per Share under Part II, Item 8 – Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K filed with the SEC on February 27, 2024.

Document and Entity Information	Jan. 21, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 21, 2025
Entity File Number	001-33440
Entity Registrant Name	Interactive Brokers Group, Inc.
Entity Central Index Key	0001381197
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	30-0390693
Entity Address, Address Line One	One Pickwick Plaza
Entity Address, City or Town	Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06830
City Area Code	203
Local Phone Number	618-5800
Title of 12(b) Security	Class A common stock
Trading Symbol	IBKR
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false

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