Interactive Brokers Group (IBKR) FY2018 results: revenue $1.9 billion, up 11.8% on the year
Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.9 billion for fiscal 2018, the year ended 31 December 2018, up 11.8% on the year before. Net income was $169 million, up 122.4%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.9 billion
+11.8% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$169 million
+122.4% on the year
FY2011FY2018
Diluted EPS
$0.57
+113.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,903
1,702
1,396
+11.8%
Interest expense
463
n/a
n/a
Pre-tax income
1,196
1,049
761
+14.0%
Income tax
71.0
256
62.0
-72.3%
Effective tax rate
5.9%
24.4%
8.1%
Net income
169
76.0
84.0
+122.4%
Net margin
8.9%
4.5%
6.0%
Diluted EPS
$0.57
$0.27
$0.31
+113.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,356
1,065
635
+121.2%
Capital expenditure
36.0
28.0
27.0
+28.6%
Free cash flow
2,320
1,037
608
+123.7%
Free cash flow margin
121.9%
60.9%
43.6%
Cash from investing
-57.0
-26.0
-6.0
Cash from financing
-399
-374
-189
Depreciation and amortisation
26.0
25.0
25.0
+4.0%
Share-based compensation
58.0
53.0
51.0
+9.4%
Dividends paid
29.0
28.0
26.0
+3.6%
Dividend per share
$0.03
$0.03
$0.03
0.0%
Diluted shares, weighted
297m
284m
269m
+4.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,282
1,090
974
+17.6%
Non-controlling interest
5,874
5,343
4,846
+9.9%
Short-term borrowings
17.0
15.0
74.0
+13.3%
Other liabilities
53,374
54,714
48,779
-2.4%
Total liabilities and equity
60,547
61,162
54,673
-1.0%
Fixed assets
20.0
14.0
13.0
+42.9%
Intangible assets
33.0
29.0
28.0
+13.8%
Securities borrowed
3,331
2,957
3,629
+12.6%
Cash and equivalents
2,597
1,732
1,925
+49.9%
Other assets
54,566
56,430
49,078
-3.3%
Total assets
60,547
61,162
54,673
-1.0%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.