Interactive Brokers just smashed records again in Q2, hitting new highs in revenue, accounts, client equity, and profits—with a stellar 77% pre-tax margin for the seventh straight quarter. They’re expanding globally, launching trading in Korea, bringing the SpaceX IPO to UK and EU clients, and rolling out crypto trading across Europe. Their AI push is accelerating too: IBKR Connector lets clients link AI chatbots to their accounts, while internal AI tools are boosting efficiency in client service and onboarding. They’ve also secured preliminary approval for a national trust bank charter and launched IBKR Prediction Markets. Commissions jumped 30% YoY, net interest income soared past $1 billion, and other fees rose 40% thanks to options volume. Expenses remain lean, with compensation at just 10% of adjusted net revenues. This is momentum at its peak—growth, innovation, and global reach all firing on all cylinders.

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