Interactive Brokers Group, Inc. (IBKR) Q3 2025 Earnings Call Transcript

Operator

Thank you for standing by, and welcome to the Interactive Brokers Group Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, today’s program is being recorded.

And now I’d like to introduce your host for today’s program, Nancy Stuebe, Director of Investor Relations. Please go ahead.

Nancy Stuebe
Director of Investor Relations

Good afternoon, and thank you for joining us for our third quarter 2025 earnings call. Joining us today are Thomas Peterffy, our Founder and Chairman; Milan Galik, our President and CEO; and Paul Brody, our CFO. I will be presenting Milan’s comments on the business, and all 3 will be available at our Q&A.

As a reminder, today’s call may include forward-looking statements, which represent the company’s belief regarding future events, which, by their nature, are not certain and are outside of the company’s control. Our actual results and financial condition may differ, possibly materially, from what is indicated in these forward-looking statements.

We ask that you refer to the disclaimers in our press release. You should also review a description of risk factors contained in our financial reports filed with the SEC.

During the third quarter, the market climbed a huge wall of worry with little pause. There is no shortage of traditional reasons for investors