--- title: Interactive Brokers (IBKR) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/ibkr ticker: IBKR as_of: 2026-10-17 sector: Financial Services industry: Investment - Banking & Investment Services --- # Interactive Brokers (IBKR) Interactive Brokers (IBKR) closed at $82.69 on Oct 16, 2026, overvalued by 35% vs its model value of $61.40 (from its peers' median P/E). ## Key figures | Figure | Value | | --- | ---: | | Last close | $82.69 (Oct 16, 2026) | | Model value (from its peers' median P/E) | $61.40 | | Price vs model | overvalued by 35% vs model | | Range of that model | $34.37 – $96.63 | | Market value | $145.3B | | P/E (fiscal 2025) | 37.2 | | Net margin (fiscal 2025) | 9.6% | | Free cash flow (fiscal 2025) | $15.7B | | Dividend yield (trailing twelve months) | 0.41% | | Beta | 1.37 | | Cost of capital (WACC) | 10.26% | | Business classification | Mature & Stable (High revenue growth (~25% recent), High profitability (179% net margin), Highly cyclical earnings, Strong FCF yield (10.8%)) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.41% | | Dividends per share, last 12 months | $0.33 | | Dividends / earnings (fiscal 2025) | 3.1% | | Raised | 2 years in a row | | Growth over 5 years | 27.4% a year | | Latest payment | $0.0875, ex-date Sep 1, 2026, paid Sep 14, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 31, 2021 | $0.10 | | To Aug 31, 2022 | $0.10 | | To Aug 31, 2023 | $0.10 | | To Aug 30, 2024 | $0.18 | | To Aug 29, 2025 | $0.29 | | Trailing twelve months (to Sep 1, 2026) | $0.34 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | P/E · peers | primary | $61.40 | $34.37 | $96.63 | | P/E · own history | cross check | $58.28 | $51.68 | $79.95 | | PEG | sanity check | $51.97 | $51.97 | $51.97 | | Dividend discount | cross check | $7.02 | $5.02 | $9.84 | ## Insider activity (SEC Form 4) Past 90 days: 3 open-market buys ($6,674.5) and 0 open-market sales ($0); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 1, 2026 | Conkling Lori A | Director | Open-market buy (10b5-1 plan) | 25 | $2,135.5 | | Sep 1, 2026 | Conkling Lori A | Director | Open-market buy (10b5-1 plan) | 25 | $2,363.3 | | Jul 31, 2026 | Nemser Earl H | Vice Chairman | Grant / award | 803,568 | $70.7M | | Aug 3, 2026 | Conkling Lori A | Director | Open-market buy (10b5-1 plan) | 25 | $2,175.8 | | Jul 1, 2026 | Conkling Lori A | Director | Open-market buy (10b5-1 plan) | 25 | $2,200.8 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 15, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1381197/000138119726000154/ibkr-20261015.htm | | Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1381197/000138119726000147/ibkr-20260630.htm | | Jul 31, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1381197/000138119726000138/ibkr-20260731.htm | | Jul 31, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1381197/000138119726000135/ibkr-20260731.htm | | Jul 31, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1381197/000138119726000133/ibkr-20260731.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Viking Global | 2026-06-30 | 4,830,748 | $420.5M | | John Armitage | 2026-06-30 | 4,129,416 | $359.4M | | Bryan Lawrence | 2026-06-30 | 1,030,740 | $89.7M | | Stephen Mandel | 2026-06-30 | 577,666 | $50.3M | 8 tracked managers in all. ## About Interactive Brokers Group, Inc. operates as a sophisticated electronic brokerage, serving clients across the United States and globally. This firm manages the trading, clearing, and settlement for a broad spectrum of financial instruments, including equities, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and digital currencies. Beyond its core brokerage activities, the company provides custodial and administrative account services tailored for various entities such as hedge funds, mutual funds, ETFs, registered investment advisors, proprietary trading desks, introducing brokers, and individual investors. Its suite of services also includes custody solutions, prime brokerage, and financing options like securities lending and margin lending. Interactive Brokers caters to both institutional and individual clientele, utilizing advance… --- Source: https://sweetvaluelab.com/stocks/ibkr (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.