Interactive Brokers Group vs Schwab Charles (IBKR vs SCHW)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Schwab Charles is the larger company by revenue ($23.9B vs $6.2B) and market value ($189.9B vs $165.8B). Interactive Brokers Group has grown revenue faster over the last 4 fiscal years (+128.6% cumulative vs +29.2%). Schwab Charles trades at the lower trailing P/E (20.1x vs 38.6x).
About Interactive Brokers Group
Interactive Brokers Group, Inc. is a global automated brokerage firm that provides trading, clearing, and custody services for institutional and individual investors. The company offers access to a wide range of financial products including stocks, options, futures, forex, bonds, mutual funds, ETFs, precious metals, cryptocurrencies, and forecast contracts across more than 170 electronic exchanges in 40 countries. Its trading platforms serve hedge funds, mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors worldwide.
About Schwab Charles
Charles Schwab Corporation provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual and institutional clients. Its main products include brokerage accounts, mutual funds, exchange-traded funds, managed portfolios, alternative investments, digital assets, banking services, and trust services. The company serves retail investors, workplace plan participants, independent registered investment advisors, and businesses through its Investor Services and Advisor Services segments.
Head to head (IBKR FY2025 vs SCHW FY2025)
| Metric | IBKRFY2025 | SCHWFY2025 |
|---|---|---|
| Revenue | $6.21B | $23.92B |
| Revenue growth (YoY) | 19.7% | 22.0% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 70.2% | 37.0% |
| Net income | $4.36B | $8.85B |
| Diluted EPS | $2.22 | $4.65 |
| FCF margin | — | 36.6% |
| ROE | 21.3% | 17.9% |
| Long-term debt / equity | — | 0.45× |
| Market cap | $165.76B | $189.92B |
| P/E | 38.6× | 20.1× |
Fundamentals are from each company’s SEC filings (IBKR FY2025, SCHW FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| IBKR | $2.71B | $3.07B | $4.34B | $5.18B | $6.21B |
| SCHW | $18.52B | $20.76B | $18.84B | $19.61B | $23.92B |
Peer standing
Where each company ranks among the 425 Financials companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | IBKR | SCHW |
|---|---|---|
| Net margin | 70.2%99th percentile of 377 | 37.0%92nd percentile of 377 |
| Revenue growth (YoY) | +19.7%67th percentile of 420 | +22.0%70th percentile of 420 |
| ROE | 21.3%86th percentile of 375 | 17.9%81st percentile of 375 |
| P/E | 38.6×91st percentile of 318 | 20.1×75th percentile of 318 |
| Short interest (days to cover) | 1.77d16th percentile of 420 | 2.55d25th percentile of 420 |
Short interest
| FINRA settlement data | IBKR | SCHW |
|---|---|---|
| Shares sold short | 8.1M | 16.9M |
| Change vs prior settlement | -12.5% | -17.7% |
| Days to cover | 1.77 | 2.55 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | IBKR | SCHW |
|---|---|---|
| Buys | 2 ($4,377) | 0 |
| Sells | 0 | 36 ($143.4M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 14% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
10 tracked 13F managers hold both Interactive Brokers Group and Schwab Charles as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Point72 Asset Management, Renaissance Technologies, Two Sigma Investments, Viking Global Investors. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.