Interactive Brokers Group, Inc. Leases Disclosure
12. Leases
All of the Company’s leases are classified as operating leases and primarily consist of real estate leases for corporate offices, data centers and other facilities. As of December 31, 2025, the weighted-average remaining lease term on these leases is approximately 7.0 years and the weighted-average discount rate used to measure the lease liabilities is approximately 4.91%. For the year ended December 31, 2025, right-of-use assets obtained under new operating leases were $63 million. The Company’s lease agreements do not contain any residual value guarantees, restrictions, or covenants.
The table below presents balances reported in the consolidated statements of financial condition related to the Company’s leases for the periods indicated.
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December 31, |
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December 31, |
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2025 |
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2024 |
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(in millions) |
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1 |
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$ |
|
137 |
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$ |
|
102 |
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1 |
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$ |
|
152 |
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$ |
|
121 |
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The table below presents balances reported in the consolidated statements of comprehensive income related to the Company’s leases for the periods indicated.
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Year-Ended December 31, |
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2025 |
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2024 |
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2023 |
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(in millions) |
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Operating lease cost |
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$ |
37 |
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$ |
34 |
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$ |
35 |
Variable lease cost |
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7 |
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6 |
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|
6 |
Total lease cost |
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$ |
44 |
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$ |
40 |
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$ |
41 |
The table below reconciles the undiscounted cash flows of the Company’s leases to the present value of its operating lease payments for the period indicated.
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December 31, 2025 |
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(in millions) |
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2026 |
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$ |
|
32 |
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2027 |
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|
30 |
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2028 |
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|
25 |
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2029 |
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|
24 |
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2030 |
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|
|
18 |
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Thereafter |
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|
|
55 |
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Total undiscounted operating lease payments |
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|
184 |
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Less: imputed interest |
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(32 |
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Present value of operating lease liabilities |
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$ |
|
152 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Feb 28, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.