IBKR — what changed in the latest 10-Q
A section-by-section comparison of IBKR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +51 | −12 | ~47 | 77 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 23 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Interactive Brokers Group, Inc. (the “Company” or “IBG, Inc.”) is a holding company whose primary asset is its ownership of approximately 26.5% of the membership interests of IBG LLC. The remaining approximately 73.5% of IBG LLC membership interests are held by IBG Holdings LLC (“Holdings”), a holdi…
We are an automated global broker. We custody and service accounts for hedge and mutual funds, exchange-traded funds (“ETFs”), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. We specialize in routing orders and executing, clearing and settlin…
During the quarter ended June 30, 2026 (“current quarter”), most global equity markets advanced, with several major indices reaching new all-time highs, supported by strong technology earnings and heightened investor interest in artificial intelligence (“AI”)-driven themes, despite persistent uncert…
U.S. equity market performance diverged as investor sentiment rotated away somewhat from large-capitalization technology stocks and towards the semiconductor sector. Sustained interest in technology and AI-related companies contributed to a recovery in the initial public offering (“IPO”) market, hig…
Interest Rates. The U.S. Federal Reserve has kept the benchmark federal funds rate unchanged during the first half of 2026, after cutting it three times in the second half of 2025 by a total of 75 basis points, maintaining a target range of 3.50% to 3.75%, the lowest level since late 2022. During th…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
On April 15, 2025, the Company announced its intention to effect a four-for-one forward split of its common stock. This was executed by the filing of an amendment to the Company’s Certificate of Incorporation that, among other things (i) increased the Company’s authorized shares of Class A common st…
Interactive Brokers Group, Inc. (the “Company” or “IBG, Inc.”) is a holding company whose primary asset is its ownership of approximately 26.3% of the membership interests of IBG LLC. The remaining approximately 73.7% of IBG LLC membership interests are held by IBG Holdings LLC (“Holdings”), a holdi…
We are an automated global broker. We custody and service accounts for hedge and mutual funds, exchange-traded funds (“ETFs”), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. We specialize in routing orders and executing, clearing and settlin…
During the quarter ended March 31, 2026 (“current quarter”), global equity markets were mixed, with most major market indices declining amid uncertainties related to ongoing geopolitical conflicts and inflationary pressures, including those associated with rising oil prices. In the Americas, U.S. eq…
Within the U.S., market performance diverged as investors rotated away from large-cap technology stocks into commodity-linked sectors, particularly energy. The decline in the S&P 500® index was driven in part by the group of large-cap technology companies commonly referred to as the “Magnificent Sev…
Other information
Text removed vs the prior filing · source: 10-Q · 2026-05-07
On April 21, 2026, the Company declared an increase in the quarterly cash dividend from $0.08 to $0.0875 per common share, payable on June 12, 2026, to stockholders of record as of June 1, 2026. The Company currently intends to pay quarterly dividends of $0.0875 per common share to our common stockh…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice