Interactive Brokers Reports Strong November 2025 Trading Metrics

Interactive Brokers reports November 2025 metrics: DARTs 4.27M, client equity $770B, net revenue $1.66B, EPS $0.59.

Key Points:

• Client Growth & Trading: 4.311M accounts (+33% YoY) and 4.273M DARTs (+29% MoM).
• Assets & Revenue: Client equity $769.7 billion (+34% YoY), margin loans $83.3B (+38% YoY), driving 21% Q3 2025 Net Interest Income growth.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) has released its key operating metrics for November 2025, demonstrating significant year-over-year growth across major client and revenue indicators, despite some mild sequential cooling from October 2025.

Interactive Brokers reported 4.273 million Daily Average Revenue Trades (DARTs) for November 2025. This figure represents a robust 29% increase compared to November 2024, highlighting strong engagement and trading activity on the platform. However, DARTs saw a slight 4% decrease from the previous month, October 2025.

Interactive Brokers Reports Strong November 2025 Trading Metrics

The company continues to see substantial expansion in its client base, reporting 4.311 million client accounts at the end of November. This marks a significant 33% surge from the prior year and a solid 2% increase from October 2025.

The average commission per cleared Commissionable Order stood at $2.62, which includes exchange, clearing, and regulatory fees.

Client asset metrics painted a picture of growth, particularly when compared annually:

• Ending Client Equity: Totaled $769.7 billion, showing a 34% increase year-over-year but a 2% decrease from the prior month.
• Ending Client Margin Loan Balances: Reached $83.3 billion, up an impressive 38% from the prior year and 2% higher than the prior month.
• Ending Client Credit Balances: Amounted to $154.0 billion (including $6.2 billion in insured bank deposit sweeps), representing a 30% increase from the prior year and a 2% decrease from the prior month.

Third Quarter 2025 Financial Performance Context

These November operating metrics follow a strong Third Quarter 2025 financial performance, underscoring the company’s momentum. Key Q3 2025 highlights included:

• Diluted Earnings Per Share (EPS): Reported EPS was $0.59 (or $0.57 as adjusted), up significantly from $0.42 (or $0.40 as adjusted) in the year-ago quarter.
• Net Revenues: Reported net revenues were $1,655 million (or $1,610 million as adjusted), an increase from $1,365 million (or $1,327 million as adjusted) in the year-ago period.
• Income Before Income Taxes: Reported income before income taxes was $1,312 million (or $1,267 million as adjusted), a substantial increase from $909 million (or $871 million as adjusted) in the year-ago quarter.

The company’s revenue growth was powered by key drivers:

• Commission Revenue: Increased 23% to $537 million on higher customer trading volumes. Stock trading volume surged 67% and options trading volume increased 27%, while futures volume saw a 7% decrease.
• Net Interest Income: Increased 21% to $967 million, driven by stronger securities lending activity and higher average customer margin loans and customer credit balances.

The November 2025 operating metrics suggest that Interactive Brokers is continuing its trajectory of client acquisition and high trading engagement established in the third quarter, positioning the brokerage strongly heading into the end of the year.

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