Added to YB: 2026-04-29
Pitch date: 2026-04-20
IBKR [bullish]
Interactive Brokers Group, Inc.
-4.73%
current return
Author Info
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Company Info
Interactive Brokers Group, Inc. operates as an automated electronic broker in the United States and internationally.
Market Cap
$34.1B
Pitch Price
$81.34
Price Target
110.00 (+42%)
Dividend
0.46%
EV/EBITDA
N/A
P/E
32.90
EV/Sales
N/A
Sector
Capital Markets
Category
growth
Interactive Brokers Is Not Just a Broker
IBKR: Q1 missed on NII ($1.67B vs $1.69-1.74B est) but pretax margin held 77% (6th straight Q >70%). Street PT ~$78 (37x P/E) assumes fairly valued, but misses: 1) intl accts now 50%, growing faster than US w/ higher margin use, 2) white-label B2B channel invisible in models, 3) self-clearing captures full spread on $169B cash (+35% YoY) & $86B margin loans (+35%). IBG LLC structure adds 10-15bps/yr via unit redemptions. Not a broker—asset-light global platform like MSCI/CME deserving 32-36x. PT $109 on 2028E $3.40 EPS = +40% upside.
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