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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay versus Performance Table
The table below presents the compensation paid to our principal executive officer (“PEO”) and the aggregate compensation paid to our other named executive officers (“NEOs”), our Total Stockholder Return (“TSR”) and the TSR of our peer group, and our performance with respect to two other performance metrics for 2024 and each of the four previous fiscal years. The compensation amounts reflected in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our PEO or our other NEOs.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
 
 
Summary
Compensation
Table Total for
PEO(1)
 
 
Compensation
Actually
Paid to
PEO(2)
 
 
Average Summary
Compensation
Table Total
for Non-
PEO NEOs(2)(3)
 
 
Average
Compensation
Actually Paid
to Non-
PEO NEOs(2)(3)
 
 
Value of Initial Fixed $100
Investment(4) Based on:
 
 
Net Income
(in millions)
 
 
Adjusted Pre-
Tax Profit
Margin(6)
 
IBKR Total
Stockholder
Return
 
 
S&P 500 Total
Stockholder
Return(5)
 
2024
 
 
$17,333,150
 
 
$53,300,542
 
 
$3,255,746
 
 
$8,612,750
 
 
$391
 
 
$197
 
 
$3,407
 
 
72%
2023
 
 
$15,379,511
 
 
$19,849,625
 
 
$3,189,070
 
 
$3,902,730
 
 
$182
 
 
$158
 
 
$2,812
 
 
71%
2022
 
 
$14,041,987
 
 
$8,571,380
 
 
$3,008,361
 
 
$2,028,489
 
 
$158
 
 
$125
 
 
$1,842
 
 
67%
2021
 
 
$12,289,397
 
 
$19,472,820
 
 
$2,828,285
 
 
$4,188,291
 
 
$173
 
 
$152
 
 
$1,636
 
 
67%
2020
 
 
$10,141,570
 
 
$14,487,968
 
 
$2,560,565
 
 
$3,408,267
 
 
$132
 
 
$118
 
 
$1,179
 
 
61%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
The principal executive officer (“PEO”) is Mr. Milan Galik, our Chief Executive Officer and President.
(2)
To calculate the CAP to the PEO and the average CAP to the non-PEO NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table. The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of CAP for the periods presented:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
Year
 
 
Summary
Compensation
Total
 
 
Amounts
Reported
in the
Summary
Compensation
Table for Stock
Awards
 
 
Fair Value
of Stock
Awards Granted
During the Year,
Outstanding and
Unvested at Year-
End
 
 
Change in Fair
Value of Stock
Awards Granted in
Any Prior Year,
Outstanding and
Unvested at Year-
End
 
 
Fair Value
of Stock
Awards
Granted and
Vested in the
Same Year
 
 
Change in Fair
Value of Stock
Awards
Granted
in Any Prior
Year, Vested
During the Year
 
 
Compensation
Actually Paid
(“CAP”)
PEO
2024
 
 
$17,333,150
 
 
($12,525,000)
 
 
$12,244,114
 
 
$31,292,831
 
 
$25,087
 
 
$4,930,360
 
 
$53,300,542
2023
 
 
$15,379,511
 
 
($11,025,000)
 
 
$11,231,126
 
 
$3,527,139
 
 
$25,036
 
 
$711,813
 
 
$19,849,625
2022
 
 
$14,041,987
 
 
($10,037,500)
 
 
$9,846,473
 
 
($2,293,784)
 
 
$27,033
 
 
($3,012,829)
 
 
$8,571,380
2021
 
 
$12,289,397
 
 
($8,525,000)
 
 
$8,753,434
 
 
$6,042,859
 
 
$25,017
 
 
$887,113
 
 
$19,472,820
2020
 
 
$10,141,570
 
 
($6,500,000)
 
 
$6,902,906
 
 
$4,512,108
 
 
$0
 
 
($568,616)
 
 
$14,487,968
Average for non-PEO NEOs
2024
 
 
$3,255,746
 
 
($1,482,500)
 
 
$1,439,949
 
 
$4,608,538
 
 
$12,544
 
 
$778,474
 
 
$8,612,750
2023
 
 
$3,189,070
 
 
($1,412,500)
 
 
$1,429,445
 
 
$563,278
 
 
$12,518
 
 
$120,920
 
 
$3,902,730
2022
 
 
$3,008,361
 
 
($1,334,375)
 
 
$1,299,225
 
 
($402,096)
 
 
$14,016
 
 
($556,643)
 
 
$2,028,489
2021
 
 
$2,828,285
 
 
($1,237,500)
 
 
$1,261,547
 
 
$1,142,546
 
 
$12,509
 
 
$180,904
 
 
$4,188,291
2020
 
 
$2,560,565
 
 
($1,122,500)
 
 
$1,192,098
 
 
$901,365
 
 
$0
 
 
($123,260)
 
 
$3,408,267
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(3)
The non-PEO NEOs for all periods presented are the following: Mr. Thomas Peterffy, Chairman; Mr. Earl H. Nemser, Vice Chairman; Mr. Paul J. Brody, Chief Financial Officer, Treasurer and Secretary; and Dr. Thomas A. Frank, Executive Vice President.
(4)
The rate of return assumes $100 was invested in our common stock and the S&P 500 Index on December 31, 2019 and assumes the reinvestment of dividends before tax considerations.
(5)
Our selected peer group is the S&P 500 index.
(6)
For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.
       
Company Selected Measure Name Adjusted pre-tax profit margin.        
Named Executive Officers, Footnote
(1)
The principal executive officer (“PEO”) is Mr. Milan Galik, our Chief Executive Officer and President.
(3)
The non-PEO NEOs for all periods presented are the following: Mr. Thomas Peterffy, Chairman; Mr. Earl H. Nemser, Vice Chairman; Mr. Paul J. Brody, Chief Financial Officer, Treasurer and Secretary; and Dr. Thomas A. Frank, Executive Vice President.
       
Peer Group Issuers, Footnote
(5)
Our selected peer group is the S&P 500 index.
       
PEO Total Compensation Amount $ 17,333,150 $ 15,379,511 $ 14,041,987 $ 12,289,397 $ 10,141,570
PEO Actually Paid Compensation Amount $ 53,300,542 19,849,625 8,571,380 19,472,820 14,487,968
Adjustment To PEO Compensation, Footnote
(2)
To calculate the CAP to the PEO and the average CAP to the non-PEO NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table. The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of CAP for the periods presented:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
Year
 
 
Summary
Compensation
Total
 
 
Amounts
Reported
in the
Summary
Compensation
Table for Stock
Awards
 
 
Fair Value
of Stock
Awards Granted
During the Year,
Outstanding and
Unvested at Year-
End
 
 
Change in Fair
Value of Stock
Awards Granted in
Any Prior Year,
Outstanding and
Unvested at Year-
End
 
 
Fair Value
of Stock
Awards
Granted and
Vested in the
Same Year
 
 
Change in Fair
Value of Stock
Awards
Granted
in Any Prior
Year, Vested
During the Year
 
 
Compensation
Actually Paid
(“CAP”)
PEO
2024
 
 
$17,333,150
 
 
($12,525,000)
 
 
$12,244,114
 
 
$31,292,831
 
 
$25,087
 
 
$4,930,360
 
 
$53,300,542
2023
 
 
$15,379,511
 
 
($11,025,000)
 
 
$11,231,126
 
 
$3,527,139
 
 
$25,036
 
 
$711,813
 
 
$19,849,625
2022
 
 
$14,041,987
 
 
($10,037,500)
 
 
$9,846,473
 
 
($2,293,784)
 
 
$27,033
 
 
($3,012,829)
 
 
$8,571,380
2021
 
 
$12,289,397
 
 
($8,525,000)
 
 
$8,753,434
 
 
$6,042,859
 
 
$25,017
 
 
$887,113
 
 
$19,472,820
2020
 
 
$10,141,570
 
 
($6,500,000)
 
 
$6,902,906
 
 
$4,512,108
 
 
$0
 
 
($568,616)
 
 
$14,487,968
Average for non-PEO NEOs
2024
 
 
$3,255,746
 
 
($1,482,500)
 
 
$1,439,949
 
 
$4,608,538
 
 
$12,544
 
 
$778,474
 
 
$8,612,750
2023
 
 
$3,189,070
 
 
($1,412,500)
 
 
$1,429,445
 
 
$563,278
 
 
$12,518
 
 
$120,920
 
 
$3,902,730
2022
 
 
$3,008,361
 
 
($1,334,375)
 
 
$1,299,225
 
 
($402,096)
 
 
$14,016
 
 
($556,643)
 
 
$2,028,489
2021
 
 
$2,828,285
 
 
($1,237,500)
 
 
$1,261,547
 
 
$1,142,546
 
 
$12,509
 
 
$180,904
 
 
$4,188,291
2020
 
 
$2,560,565
 
 
($1,122,500)
 
 
$1,192,098
 
 
$901,365
 
 
$0
 
 
($123,260)
 
 
$3,408,267
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
        
Non-PEO NEO Average Total Compensation Amount $ 3,255,746 3,189,070 3,008,361 2,828,285 2,560,565
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,612,750 3,902,730 2,028,489 4,188,291 3,408,267
Adjustment to Non-PEO NEO Compensation Footnote
(2)
To calculate the CAP to the PEO and the average CAP to the non-PEO NEOs, the below adjustments were made to total compensation as reported in the Summary Compensation Table. The adjustments were calculated according to the prescribed method determined by the SEC for the calculation of CAP for the periods presented:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
Year
 
 
Summary
Compensation
Total
 
 
Amounts
Reported
in the
Summary
Compensation
Table for Stock
Awards
 
 
Fair Value
of Stock
Awards Granted
During the Year,
Outstanding and
Unvested at Year-
End
 
 
Change in Fair
Value of Stock
Awards Granted in
Any Prior Year,
Outstanding and
Unvested at Year-
End
 
 
Fair Value
of Stock
Awards
Granted and
Vested in the
Same Year
 
 
Change in Fair
Value of Stock
Awards
Granted
in Any Prior
Year, Vested
During the Year
 
 
Compensation
Actually Paid
(“CAP”)
PEO
2024
 
 
$17,333,150
 
 
($12,525,000)
 
 
$12,244,114
 
 
$31,292,831
 
 
$25,087
 
 
$4,930,360
 
 
$53,300,542
2023
 
 
$15,379,511
 
 
($11,025,000)
 
 
$11,231,126
 
 
$3,527,139
 
 
$25,036
 
 
$711,813
 
 
$19,849,625
2022
 
 
$14,041,987
 
 
($10,037,500)
 
 
$9,846,473
 
 
($2,293,784)
 
 
$27,033
 
 
($3,012,829)
 
 
$8,571,380
2021
 
 
$12,289,397
 
 
($8,525,000)
 
 
$8,753,434
 
 
$6,042,859
 
 
$25,017
 
 
$887,113
 
 
$19,472,820
2020
 
 
$10,141,570
 
 
($6,500,000)
 
 
$6,902,906
 
 
$4,512,108
 
 
$0
 
 
($568,616)
 
 
$14,487,968
Average for non-PEO NEOs
2024
 
 
$3,255,746
 
 
($1,482,500)
 
 
$1,439,949
 
 
$4,608,538
 
 
$12,544
 
 
$778,474
 
 
$8,612,750
2023
 
 
$3,189,070
 
 
($1,412,500)
 
 
$1,429,445
 
 
$563,278
 
 
$12,518
 
 
$120,920
 
 
$3,902,730
2022
 
 
$3,008,361
 
 
($1,334,375)
 
 
$1,299,225
 
 
($402,096)
 
 
$14,016
 
 
($556,643)
 
 
$2,028,489
2021
 
 
$2,828,285
 
 
($1,237,500)
 
 
$1,261,547
 
 
$1,142,546
 
 
$12,509
 
 
$180,904
 
 
$4,188,291
2020
 
 
$2,560,565
 
 
($1,122,500)
 
 
$1,192,098
 
 
$901,365
 
 
$0
 
 
($123,260)
 
 
$3,408,267
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
        
Compensation Actually Paid vs. Total Shareholder Return        
Compensation Actually Paid vs. Net Income        
Compensation Actually Paid vs. Company Selected Measure        
Total Shareholder Return Vs Peer Group        
Tabular List, Table
Financial Performance Measures
As described in the Compensation Philosophy and Objectives section contained in this Proxy Statement, our executive compensation program is designed to directly link a significant portion of the compensation of our named executive officers to individual performance and our overall performance, with the goals of aligning our executives’ long-term interests with those of our stockholders and attracting, retaining and motivating key executives who are essential to the implementation of our strategic growth and development strategy.
Our Compensation Committee evaluates individual and company performance in a qualitative fashion and does not utilize specific financial or operating performance goals or targets in setting executive compensation, but it considers the following financial measures to be the most important financial measures used by the Company to link CAP for the Company’s named executive officers for the most recently completed fiscal year, to Company performance:
•
Adjusted income before income taxes.
•
Adjusted pre-tax profit margin.
•
3-year adjusted net revenue growth.
For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.
       
Total Shareholder Return Amount $ 391 182 158 173 132
Peer Group Total Shareholder Return Amount 197 158 125 152 118
Net Income (Loss) $ 3,407,000,000 $ 2,812,000,000 $ 1,842,000,000 $ 1,636,000,000 $ 1,179,000,000
Company Selected Measure Amount 0.72 0.71 0.67 0.67 0.61
PEO Name Mr. Milan Galik Mr. Milan Galik Mr. Milan Galik Mr. Milan Galik Mr. Milan Galik
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted income before income taxes.        
Non-GAAP Measure Description
(6)
For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted pre-tax profit margin.        
Non-GAAP Measure Description
(6)
For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name 3-year adjusted net revenue growth.        
Non-GAAP Measure Description
(6)
For additional information regarding non-GAAP financial measures, refer to “Non-GAAP Financial Measures” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.
       
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (12,525,000) $ (11,025,000) $ (10,037,500) $ (8,525,000) $ (6,500,000)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,244,114 11,231,126 9,846,473 8,753,434 6,902,906
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 31,292,831 3,527,139 (2,293,784) 6,042,859 4,512,108
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 25,087 25,036 27,033 25,017 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,930,360 711,813 (3,012,829) 887,113 (568,616)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,482,500) (1,412,500) (1,334,375) (1,237,500) (1,122,500)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,439,949 1,429,445 1,299,225 1,261,547 1,192,098
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,608,538 563,278 (402,096) 1,142,546 901,365
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,544 12,518 14,016 12,509 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 778,474 $ 120,920 $ (556,643) $ 180,904 $ (123,260)