v3.25.4
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay versus Performance Table

The table below presents the compensation paid to our principal executive officer (“PEO”) and the aggregate compensation paid to our other named executive officers (“NEOs”), our Total Stockholder Return (“TSR”) and the TSR of our peer group, and our performance with respect to two other performance metrics for 2025 and each of the four previous fiscal years. The compensation amounts reflected in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our PEO or our other NEOs.

 

 

Summary

 

Compensation

 

Average Summary
Compensation

 

Average
Compensation

 

Value of Initial Fixed $100
Investment(4) Based on:

 

 

 

Adjusted

Fiscal Year

 

Compensation
Table Total for
PEO(1)

 

Actually
Paid to
PEO(2)

 

Table Total
for Non-
PEO NEOs(2)(3)

 

Actually Paid
to Non-
PEO NEOs(2)(3)

 

IBKR Total
Stockholder
Return

 

S&P 500 Total
Stockholder
Return(5)

 

Net Income
(in millions)

 

Pre-
Tax Profit
Margin(6)

2025

 

$19,669,486

 

$42,156,235

 

$3,294,867

 

$6,411,957

 

$434

 

$196

 

$4,357

 

77%

2024

 

$17,333,150

 

$53,300,542

 

$3,255,746

 

$8,612,750

 

$297

 

$166

 

$3,407

 

72%

2023

 

$15,379,511

 

$19,849,625

 

$3,189,070

 

$3,902,730

 

$138

 

$133

 

$2,812

 

71%

2022

 

$14,041,987

 

$8,571,380

 

$3,008,361

 

$2,028,489

 

$120

 

$105

 

$1,842

 

67%

2021

 

$12,289,397

 

$19,472,820

 

$2,828,285

 

$4,188,291

 

$131

 

$129

 

$1,636

 

67%

 

(1)
The principal executive officer (“PEO”) is Mr. Milan Galik, our Chief Executive Officer and President.
(2)
To calculate the CAP to the PEO and the average CAP to the non-PEO NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table. The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of CAP for the periods presented:

 

 

 

 

Adjustments

 

 

Year

 

Summary
Compensation
Total

 

Amounts
Reported
in the
Summary
Compensation
Table for Stock
Awards

 

Fair Value
of Stock
Awards Granted
During the Year,
Outstanding and
Unvested at Year-
End

 

Change in Fair
Value of Stock
Awards Granted in
Any Prior Year,
Outstanding and
Unvested at Year-
End

 

Fair Value
of Stock
Awards
Granted and
Vested in the
Same Year

 

Change in Fair
Value of Stock
Awards
Granted
in Any Prior
Year, Vested
During the Year

 

Compensation
Actually Paid
(“CAP”)

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$19,669,486

 

$(14,550,000)

 

$14,447,242

 

$21,301,419

 

$50,033

 

$1,238,055

 

$42,156,235

2024

 

$17,333,150

 

$(12,525,000)

 

$12,244,114

 

$31,292,831

 

$25,087

 

$4,930,360

 

$53,300,542

2023

 

$15,379,511

 

$(11,025,000)

 

$11,231,126

 

$3,527,139

 

$25,036

 

$711,813

 

$19,849,625

2022

 

$14,041,987

 

$(10,037,500)

 

$9,846,473

 

$(2,293,784)

 

$27,033

 

$(3,012,829)

 

$8,571,380

2021

 

$12,289,397

 

$(8,525,000)

 

$8,753,434

 

$6,042,859

 

$25,017

 

$887,113

 

$19,472,820

Average for non-PEO NEOs

2025

 

$3,294,867

 

$(1,487,500)

 

$1,457,200

 

$2,936,132

 

$25,017

 

$186,242

 

$6,411,957

2024

 

$3,255,746

 

$(1,482,500)

 

$1,439,949

 

$4,608,538

 

$12,544

 

$778,474

 

$8,612,750

2023

 

$3,189,070

 

$(1,412,500)

 

$1,429,445

 

$563,278

 

$12,518

 

$120,920

 

$3,902,730

2022

 

$3,008,361

 

$(1,334,375)

 

$1,299,225

 

$(402,096)

 

$14,016

 

$(556,643)

 

$2,028,489

2021

 

$2,828,285

 

$(1,237,500)

 

$1,261,547

 

$1,142,546

 

$12,509

 

$180,904

 

$4,188,291

 

(3)
The non-PEO NEOs for all periods presented are the following: Mr. Thomas Peterffy, Chairman; Mr. Earl H. Nemser, Vice Chairman; Mr. Paul J. Brody, Chief Financial Officer, Treasurer and Secretary; and Dr. Thomas A.J. Frank, Executive Vice President.
(4)
The rate of return assumes $100 was invested in our common stock and the S&P 500 Index on December 31, 2020 and assumes the reinvestment of dividends before tax considerations.
(5)
Our selected peer group is the S&P 500 index.
For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025. 		       
Company Selected Measure Name Adjusted pre-tax profit margin.        
Named Executive Officers, Footnote The principal executive officer (“PEO”) is Mr. Milan Galik, our Chief Executive Officer and President.The non-PEO NEOs for all periods presented are the following: Mr. Thomas Peterffy, Chairman; Mr. Earl H. Nemser, Vice Chairman; Mr. Paul J. Brody, Chief Financial Officer, Treasurer and Secretary; and Dr. Thomas A.J. Frank, Executive Vice President.        
Peer Group Issuers, Footnote Our selected peer group is the S&P 500 index.        
PEO Total Compensation Amount $ 19,669,486 $ 17,333,150 $ 15,379,511 $ 14,041,987 $ 12,289,397
PEO Actually Paid Compensation Amount $ 42,156,235 53,300,542 19,849,625 8,571,380 19,472,820
Adjustment To PEO Compensation, Footnote
(2)
To calculate the CAP to the PEO and the average CAP to the non-PEO NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table. The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of CAP for the periods presented:

 

 

 

 

Adjustments

 

 

Year

 

Summary
Compensation
Total

 

Amounts
Reported
in the
Summary
Compensation
Table for Stock
Awards

 

Fair Value
of Stock
Awards Granted
During the Year,
Outstanding and
Unvested at Year-
End

 

Change in Fair
Value of Stock
Awards Granted in
Any Prior Year,
Outstanding and
Unvested at Year-
End

 

Fair Value
of Stock
Awards
Granted and
Vested in the
Same Year

 

Change in Fair
Value of Stock
Awards
Granted
in Any Prior
Year, Vested
During the Year

 

Compensation
Actually Paid
(“CAP”)

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$19,669,486

 

$(14,550,000)

 

$14,447,242

 

$21,301,419

 

$50,033

 

$1,238,055

 

$42,156,235

2024

 

$17,333,150

 

$(12,525,000)

 

$12,244,114

 

$31,292,831

 

$25,087

 

$4,930,360

 

$53,300,542

2023

 

$15,379,511

 

$(11,025,000)

 

$11,231,126

 

$3,527,139

 

$25,036

 

$711,813

 

$19,849,625

2022

 

$14,041,987

 

$(10,037,500)

 

$9,846,473

 

$(2,293,784)

 

$27,033

 

$(3,012,829)

 

$8,571,380

2021

 

$12,289,397

 

$(8,525,000)

 

$8,753,434

 

$6,042,859

 

$25,017

 

$887,113

 

$19,472,820

Average for non-PEO NEOs

2025

 

$3,294,867

 

$(1,487,500)

 

$1,457,200

 

$2,936,132

 

$25,017

 

$186,242

 

$6,411,957

2024

 

$3,255,746

 

$(1,482,500)

 

$1,439,949

 

$4,608,538

 

$12,544

 

$778,474

 

$8,612,750

2023

 

$3,189,070

 

$(1,412,500)

 

$1,429,445

 

$563,278

 

$12,518

 

$120,920

 

$3,902,730

2022

 

$3,008,361

 

$(1,334,375)

 

$1,299,225

 

$(402,096)

 

$14,016

 

$(556,643)

 

$2,028,489

2021

 

$2,828,285

 

$(1,237,500)

 

$1,261,547

 

$1,142,546

 

$12,509

 

$180,904

 

$4,188,291
       
Non-PEO NEO Average Total Compensation Amount $ 3,294,867 3,255,746 3,189,070 3,008,361 2,828,285
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,411,957 8,612,750 3,902,730 2,028,489 4,188,291
Adjustment to Non-PEO NEO Compensation Footnote
(2)
To calculate the CAP to the PEO and the average CAP to the non-PEO NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table. The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of CAP for the periods presented:

 

 

 

 

Adjustments

 

 

Year

 

Summary
Compensation
Total

 

Amounts
Reported
in the
Summary
Compensation
Table for Stock
Awards

 

Fair Value
of Stock
Awards Granted
During the Year,
Outstanding and
Unvested at Year-
End

 

Change in Fair
Value of Stock
Awards Granted in
Any Prior Year,
Outstanding and
Unvested at Year-
End

 

Fair Value
of Stock
Awards
Granted and
Vested in the
Same Year

 

Change in Fair
Value of Stock
Awards
Granted
in Any Prior
Year, Vested
During the Year

 

Compensation
Actually Paid
(“CAP”)

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$19,669,486

 

$(14,550,000)

 

$14,447,242

 

$21,301,419

 

$50,033

 

$1,238,055

 

$42,156,235

2024

 

$17,333,150

 

$(12,525,000)

 

$12,244,114

 

$31,292,831

 

$25,087

 

$4,930,360

 

$53,300,542

2023

 

$15,379,511

 

$(11,025,000)

 

$11,231,126

 

$3,527,139

 

$25,036

 

$711,813

 

$19,849,625

2022

 

$14,041,987

 

$(10,037,500)

 

$9,846,473

 

$(2,293,784)

 

$27,033

 

$(3,012,829)

 

$8,571,380

2021

 

$12,289,397

 

$(8,525,000)

 

$8,753,434

 

$6,042,859

 

$25,017

 

$887,113

 

$19,472,820

Average for non-PEO NEOs

2025

 

$3,294,867

 

$(1,487,500)

 

$1,457,200

 

$2,936,132

 

$25,017

 

$186,242

 

$6,411,957

2024

 

$3,255,746

 

$(1,482,500)

 

$1,439,949

 

$4,608,538

 

$12,544

 

$778,474

 

$8,612,750

2023

 

$3,189,070

 

$(1,412,500)

 

$1,429,445

 

$563,278

 

$12,518

 

$120,920

 

$3,902,730

2022

 

$3,008,361

 

$(1,334,375)

 

$1,299,225

 

$(402,096)

 

$14,016

 

$(556,643)

 

$2,028,489

2021

 

$2,828,285

 

$(1,237,500)

 

$1,261,547

 

$1,142,546

 

$12,509

 

$180,904

 

$4,188,291
       
Compensation Actually Paid vs. Total Shareholder Return

As described above, our executive compensation program seeks to align named executive officers’ long-term interests with those of our stockholders to incentivize a long-term increase in stockholder value, and therefore does not specifically align the Company’s performance measures with CAP (as defined by SEC rules) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following graphic descriptions of the relationships between information presented in the Pay versus Performance table above, for each of the five years ended December 31, 2025.

img47993669_5.jpg

        
Compensation Actually Paid vs. Net Income

As described above, our executive compensation program seeks to align named executive officers’ long-term interests with those of our stockholders to incentivize a long-term increase in stockholder value, and therefore does not specifically align the Company’s performance measures with CAP (as defined by SEC rules) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following graphic descriptions of the relationships between information presented in the Pay versus Performance table above, for each of the five years ended December 31, 2025.

img47993669_6.jpg

        
Compensation Actually Paid vs. Company Selected Measure As described above, our executive compensation program seeks to align named executive officers’ long-term interests with those of our stockholders to incentivize a long-term increase in stockholder value, and therefore does not specifically align the Company’s performance measures with CAP (as defined by SEC rules) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following graphic descriptions of the relationships between information presented in the Pay versus Performance table above, for each of the five years ended December 31, 2025

img47993669_7.jpg

        
Tabular List, Table

Financial Performance Measures

As described in the Compensation Philosophy and Objectives section contained in this Proxy Statement, our executive compensation program is designed to directly link a significant portion of the compensation of our named executive officers to individual performance and our overall performance, with the goals of aligning our executives’ long-term interests with those of our stockholders and attracting, retaining and motivating key executives who are essential to the implementation of our strategic growth and development strategy.

Our Compensation Committee evaluates individual and company performance in a qualitative fashion and does not utilize specific financial or operating performance goals or targets in setting executive compensation, but it considers the following financial measures to be the most important financial measures used by the Company to link CAP for the Company’s named executive officers for the most recently completed fiscal year, to Company performance:

•
Adjusted income before income taxes.
•
Adjusted pre-tax profit margin.
•
3-year adjusted net revenue growth.

For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025.

       
Total Shareholder Return Amount $ 434 297 138 120 131
Peer Group Total Shareholder Return Amount 196 166 133 105 129
Net Income (Loss) $ 4,357,000,000 $ 3,407,000,000 $ 2,812,000,000 $ 1,842,000,000 $ 1,636,000,000
Company Selected Measure Amount 0.77 0.72 0.71 0.67 0.67
PEO Name Mr. Milan Galik Mr. Milan Galik Mr. Milan Galik Mr. Milan Galik Mr. Milan Galik
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted income before income taxes.        
Non-GAAP Measure Description For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted pre-tax profit margin.        
Non-GAAP Measure Description For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025.        
Measure:: 3          
Pay vs Performance Disclosure          
Name 3-year adjusted net revenue growth.        
Non-GAAP Measure Description For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025.        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (14,550,000) $ (12,525,000) $ (11,025,000) $ (10,037,500) $ (8,525,000)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,447,242 12,244,114 11,231,126 9,846,473 8,753,434
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 21,301,419 31,292,831 3,527,139 (2,293,784) 6,042,859
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 50,033 25,087 25,036 27,033 25,017
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,238,055 4,930,360 711,813 (3,012,829) 887,113
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,487,500) (1,482,500) (1,412,500) (1,334,375) (1,237,500)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,457,200 1,439,949 1,429,445 1,299,225 1,261,547
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,936,132 4,608,538 563,278 (402,096) 1,142,546
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 25,017 12,544 12,518 14,016 12,509
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 186,242 $ 778,474 $ 120,920 $ (556,643) $ 180,904