Interactive Brokers Group (IBKR) FY2020 results: revenue $2.2 billion, up 14.5% on the year
Interactive Brokers Group, Inc. (IBKR) reported revenue of $2.2 billion for fiscal 2020, the year ended 31 December 2020, up 14.5% on the year before. Net income was $195 million, up 21.1%, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$2.2 billion
+14.5% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$195 million
+21.1% on the year
FY2013FY2020
Diluted EPS
$0.60
+15.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,218
1,937
1,903
+14.5%
Interest expense
261
643
463
-59.4%
Pre-tax income
1,256
1,157
1,196
+8.6%
Income tax
77.0
68.0
71.0
+13.2%
Effective tax rate
6.1%
5.9%
5.9%
Net income
195
161
169
+21.1%
Net margin
8.8%
8.3%
8.9%
Diluted EPS
$0.60
$0.53
$0.57
+15.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
8,068
2,666
2,356
+202.6%
Capital expenditure
50.0
74.0
36.0
-32.4%
Free cash flow
8,018
2,592
2,320
+209.3%
Free cash flow margin
361.5%
133.8%
121.9%
Cash from investing
-50.0
-89.0
-57.0
Cash from financing
-229
-419
-399
Depreciation and amortisation
42.0
31.0
26.0
+35.5%
Share-based compensation
65.0
60.0
58.0
+8.3%
Dividends paid
32.0
31.0
29.0
+3.2%
Dividend per share
$0.03
$0.03
$0.03
0.0%
Diluted shares, weighted
323m
307m
297m
+5.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,951
1,452
1,282
+34.4%
Non-controlling interest
7,052
6,488
5,874
+8.7%
Short-term borrowings
n/a
16.0
17.0
Debt
96.0
n/a
n/a
Other liabilities
86,580
63,720
53,374
+35.9%
Total liabilities and equity
95,679
71,676
60,547
+33.5%
Fixed assets
67.0
62.0
20.0
+8.1%
Intangible assets
37.0
34.0
33.0
+8.8%
Securities borrowed
4,956
3,916
3,331
+26.6%
Cash and equivalents
4,292
2,882
2,597
+48.9%
Other assets
86,327
64,782
54,566
+33.3%
Total assets
95,679
71,676
60,547
+33.5%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.