Interactive Brokers Group, Inc. (IBKR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 3.61B | 1.61B | 4.48B | 7.14B | 2.58B | 1.84B | 3.58B | 1.62B | 1.68B | 2.37B | 979M | 2.12B | -923M | -30M | 2.41B | -541M | 2.13B | -375M | 1.21B | 1.32B |
| Operating CF Margin % | 133.69% | 58.53% | 165.64% | 289.15% | 111.86% | 75.92% | 149.56% | 70.42% | 76.57% | 112.92% | 48.27% | 110.71% | -52.83% | -2.02% | 210.28% | -65.58% | 289.51% | -51.51% | 177.08% | 197.91% |
| Operating CF Growth % | 39.74% | -12.46% | 25.04% | 340.41% | 53.54% | -22.41% | 265.88% | -23.5% | 282.34% | 7996.67% | -59.44% | 491.68% | -143.44% | 92% | 99.01% | -140.86% | -43.09% | -108.16% | 797.13% | 185.04% |
| Net Income | 1.17B | 1.2B | 1.19B | 1.01B | 964M | 969M | 834M | 809M | 795M | 739M | 772M | 601M | 700M | 633M | 483M | 360M | 366M | 338M | 206M | 506M |
| Depreciation & Amortization | 25M | 24M | 24M | 23M | 22M | 23M | 25M | 24M | 24M | 25M | 23M | 23M | 23M | 22M | 20M | 21M | 21M | 20M | 18M | 18M |
| Stock-Based Compensation | 33M | 28M | 31M | 28M | 31M | 32M | 26M | 26M | 28M | 25M | 26M | 23M | 26M | 28M | 22M | 21M | 21M | 29M | 17M | 17M |
| Deferred Taxes | 1M | 13M | 20M | 9M | -1M | -9M | 1M | 7M | -1M | 21M | 2M | 4M | 3M | 12M | 2M | 4M | 2M | 5M | -11M | 14M |
| Other Non-Cash Items | 19M | 16M | -37M | -7M | -7M | 23M | 0 | -5M | 18M | 10M | -26M | 12M | 2M | -9M | 10M | 10M | 4M | 57M | 181M | -114M |
| Working Capital Changes | 2.36B | 327M | 3.25B | 6.08B | 1.57B | 800M | 2.7B | 760M | 819M | 1.55B | 182M | 1.46B | -1.68B | -716M | 1.88B | -957M | 1.71B | -824M | 802M | 883M |
| Change in Receivables | 1.64B | -11.93B | -13.39B | -8.53B | -2B | -4.69B | -4.34B | -3.44B | -8.73B | -1.11B | -539M | -2.64B | -202M | -611M | 2.05B | 6.54B | 5.8B | -2.55B | -2.73B | -8.31B |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 8.62B | 4.89B | 11.03B | 17.76B | 5.31B | 2.76B | 9.21B | 2.18B | 185M | 6.14B | -1.13B | 1.1B | 1.7B | 601M | 1.83B | -332M | 5.46B | 1.55B | 2.63B | 248M |
| Cash from Investing | -12M | -59M | -44M | -42M | -26M | 18M | -35M | -14M | -13M | -25M | -18M | -15M | 6M | -19M | -22M | -12M | -14M | -129M | -21M | -17M |
| Capital Expenditures | -26M | -22M | -15M | -14M | -16M | -15M | -11M | -11M | -12M | -9M | -8M | -15M | -17M | -19M | -18M | -13M | -19M | -26M | -13M | -17M |
| CapEx % of Revenue | 0.96% | 0.8% | 0.55% | 0.57% | 0.69% | 0.62% | 0.46% | 0.48% | 0.55% | 0.43% | 0.39% | 0.78% | 0.97% | 1.28% | 1.57% | 1.58% | 2.59% | 3.57% | 1.9% | 2.54% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 13.4B | 23.58B | 23.12B | 23.45B | 17.56B | 13.79B | 18.53B | 14.09B | 14.09B | 12.76B | 11.7B | 12.83B | 12.31B | 11.17B | 9.8B | 10.51B | 11.2B | 8.85B | 582M | 657M |
| Other Investing | 18M | 1M | 0 | 0 | 0 | 45M | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 0 | -2M | 4M | 5M | 0 | 1M | 3M |
| Cash from Financing | -316M | -183M | -230M | -331M | -225M | -186M | -177M | -333M | -137M | -108M | -127M | -252M | -137M | -122M | -70M | -173M | -105M | -174M | -506M | 158M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 11M | 0 | -1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -36M | -36M | -36M | -35M | -27M | -27M | -27M | -27M | -11M | -11M | -10M | -11M | -10M | -10M | -10M | -11M | -9M | -10M | -10M | -9M |
| Share Repurchases | 0 | 0 | 0 | -84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -273M | -156M | -196M | -303M | -196M | -139M | -172M | -303M | -123M | -103M | -111M | -248M | -119M | -95M | -78M | -168M | -80M | -162M | -99M | -46M |
| Net Change in Cash | 3.2B | 1.38B | 4.17B | 7.07B | 2.44B | 1.42B | 3.52B | 1.26B | 1.43B | 2.38B | 758M | 1.88B | -1.03B | -13M | 2.2B | -831M | 1.97B | -680M | 646M | 1.49B |
| Free Cash Flow | 3.58B | 1.59B | 4.46B | 7.13B | 2.57B | 1.82B | 3.57B | 1.61B | 1.67B | 2.36B | 971M | 2.1B | -940M | -49M | 2.4B | -554M | 2.11B | -401M | 1.2B | 1.31B |
| FCF Margin % | 132.73% | 57.73% | 165.09% | 288.58% | 111.17% | 75.3% | 149.1% | 69.94% | 76.02% | 112.49% | 47.88% | 109.93% | -53.81% | -3.3% | 208.71% | -67.15% | 286.92% | -55.08% | 175.18% | 195.37% |
| FCF Growth % | 39.6% | -12.95% | 25.01% | 342.55% | 53.68% | -22.75% | 267.77% | -23.48% | 277.77% | 4916.33% | -59.47% | 479.78% | -144.63% | 87.78% | 99.67% | -142.39% | -43.28% | -108.76% | 755.74% | 183.41% |
| FCF per Share | 8.00 | 3.54 | 10.00 | 16.14 | 5.89 | 4.16 | 8.15 | 3.71 | 3.86 | 5.47 | 2.27 | 5.04 | -2.26 | -0.12 | 5.84 | -1.39 | 5.31 | -1.00 | 3.07 | 3.54 |
| FCF Conversion (FCF/Net Income) | 13.52x | 5.67x | 17.03x | 31.87x | 12.13x | 8.47x | 19.47x | 9.06x | 9.62x | 14.81x | 5.86x | 16.95x | -6.24x | -0.22x | 24.38x | -7.51x | 29.11x | -5.60x | 28.88x | 14.39x |
| Interest Paid | 1.05B | 1.1B | 1.1B | 1.04B | 963M | 1.07B | 1.08B | 1.03B | 1.01B | 942M | 891M | 818M | 666M | 452M | 248M | 83M | 50M | 57M | 50M | 36M |
| Taxes Paid | 15M | 65M | 58M | 153M | 40M | 66M | 61M | 120M | 32M | 66M | 37M | 75M | 50M | 59M | 24M | 49M | 16M | 27M | 44M | 19M |