Interactive Brokers
IBKR · Investment Banking & Brokerage
$80.28
2.4%Virtu Financial
VIRT · Investment Banking & Brokerage
$55.93
0.6%The short version
- Interactive Brokers is the larger business, with $6.2B of revenue in fiscal 2025 against $3.6B for Virtu Financial, about 1.7 times as much.
- Virtu Financial grew revenue faster (26.3%, against 19.7%).
- Interactive Brokers turned more of its sales into free cash flow (253.7% FCF margin, against 13.6% FCF margin).
- Investors pay more for each dollar of Interactive Brokers’s earnings: a P/E of 32.0x against 9.3x for Virtu Financial.
| Latest fiscal year | IBKR · FY25 | VIRT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $36.1B | $4.9B |
| Revenue | $6.2B | $3.6B |
| Free cash flow | $15.7B | $496M |
| Net income | $984M | $468M |
| Growth | ||
| Revenue growth | 19.7% | 26.3% |
| 5-year growth | 22.8% | 2.3% |
| Share count change | 1.8% | −2.9% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 15.9% | 12.9% |
| FCF margin | 253.7% | 13.6% |
| Return on capital | — | 37.9% |
| Return on equity | — | 33.0% |
| Balance sheet | ||
| Net debt | −$4.9B | $1.0B |
| Net debt / EBITDA | −0.6x | 0.8x |
| Dividends and buybacks | $134M | $1.6M |
| Valuation & quality | ||
| P/E | 32.0x | 9.3x |
| Piotroski F-score | — | — |
FY16
IBKR $1.4B
VIRT $702M
FY17
IBKR $1.7B
VIRT $1.0B
FY18
IBKR $1.9B
VIRT $1.9B
FY19
IBKR $1.9B
VIRT $1.5B
FY20
IBKR $2.2B
VIRT $3.2B
FY21
IBKR $2.7B
VIRT $2.8B
FY22
IBKR $3.1B
VIRT $2.4B
FY23
IBKR $4.3B
VIRT $2.3B
FY24
IBKR $5.2B
VIRT $2.9B
FY25
IBKR $6.2B
VIRT $3.6B
IBKR
VIRT
FY16
IBKR —
VIRT —
FY17
IBKR —
VIRT —
FY18
IBKR —
VIRT —
FY19
IBKR —
VIRT —
FY20
IBKR —
VIRT —
FY21
IBKR —
VIRT —
FY22
IBKR —
VIRT —
FY23
IBKR —
VIRT —
FY24
IBKR —
VIRT —
FY25
IBKR —
VIRT —
IBKR
VIRT
FY16
IBKR $608M
VIRT $228M
FY17
IBKR $1.0B
VIRT $272M
FY18
IBKR $2.3B
VIRT $688M
FY19
IBKR $2.6B
VIRT $159M
FY20
IBKR $8.0B
VIRT $1.0B
FY21
IBKR $5.8B
VIRT $1.1B
FY22
IBKR $3.9B
VIRT $680M
FY23
IBKR $4.5B
VIRT $454M
FY24
IBKR $8.7B
VIRT $587M
FY25
IBKR $15.7B
VIRT $496M
IBKR
VIRT
FY16
IBKR —
VIRT 19.5%
FY17
IBKR —
VIRT 6.0%
FY18
IBKR —
VIRT 36.8%
FY19
IBKR —
VIRT 0.2%
FY20
IBKR —
VIRT 46.0%
FY21
IBKR —
VIRT 34.7%
FY22
IBKR —
VIRT 22.1%
FY23
IBKR —
VIRT 14.3%
FY24
IBKR —
VIRT 25.9%
FY25
IBKR —
VIRT 37.9%
IBKR
VIRT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.