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Interactive Brokers GroupFRA:KY6 -2.10%85 Gross Margin % is 89.68% as of Mar. 2026, which is 14% above its 10-year median of 78.73. GuruFocus rates FRA:KY6 with a GF Score™ of 85/100 and a GF Value™ of €34.35 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 618 Capital Markets companies, Interactive Brokers Group ranks better than 89% on this metric.
Interactive Brokers Group (FRA:KY6) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Interactive Brokers Group had a gross margin of 89.68% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Interactive Brokers Group Gross Margin % Related Terms
Interactive Brokers Group Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:KY6 vs LPLA, TW, CRCL: Gross Margin % Comparison
For the Capital Markets subindustry, Interactive Brokers Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Interactive Brokers Group Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Interactive Brokers Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Interactive Brokers Group's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Interactive Brokers Group (FRA:KY6) has a Gross Margin % of 89.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Interactive Brokers Group and its competitors. This is 14% above median its historical median of 78.73. Over the past decade, Interactive Brokers Group's Gross Margin % has ranged from 64.81 to 90.11. According to the industry distribution chart, Interactive Brokers Group ranks #68 out of 618 companies in the Capital Markets industry, placing it in the top 11%.
Is Interactive Brokers Group's Gross Margin % too high?
Interactive Brokers Group's current Gross Margin % of 89.68% is 14% above median its 10-year median of 78.73. Over the past 10 years, this metric has ranged from a low of 64.81 to a high of 90.11. The Capital Markets industry median Gross Margin % is 49.87. Interactive Brokers Group's value of 89.68% is 79.8% above this industry median. Based on the distribution chart, Interactive Brokers Group ranks #68 out of 618 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Interactive Brokers Group has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Interactive Brokers Group's Gross Margin % compare to LPLA and TW?
According to the Capital Markets industry distribution chart, Interactive Brokers Group ranks #68 out of 618 companies for Gross Margin %. This places Interactive Brokers Group in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 49.87. Interactive Brokers Group's value of 89.68% is 79.8% above this benchmark. Historically, Interactive Brokers Group's own Gross Margin % has ranged from 64.81 to 90.11 over the past decade. While the company's 10-year median is 78.73 vs. the industry median of 49.87, Interactive Brokers Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.87, based on 618 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Interactive Brokers Group's current Gross Margin % of 89.68% is 79.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Interactive Brokers Group and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Interactive Brokers Group's current Gross Margin % is 89.68%, which is 14% above median its own 10-year median of 78.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Interactive Brokers Group stock overvalued right now?
Based on GuruFocus' analysis, Interactive Brokers Group (FRA:KY6) is currently considered Significantly Overvalued. The stock's GF Value™ is €34.35, compared to a current price of €80.95 — trading 135.7% above its estimated fair value. The current Gross Margin % is 89.68%, which is 14% above median its 10-year median of 78.73 and 79.8% above the Capital Markets industry median of 49.87. Interactive Brokers Group's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Interactive Brokers Group (FRA:KY6), the current Gross Margin % is 89.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Interactive Brokers Group (FRA:KY6) Overvalued in 2026?
Based on GuruFocus' analysis, Interactive Brokers Group stock appears to be overvalued.
The current stock price of €80.95 is trading 135.7% above its estimated GF Value™ of €34.35.
GuruFocus considers Interactive Brokers Group to be Significantly Overvalued.
Key valuation signals for FRA:KY6:
Gross Margin %: 89.68% (14% above median its 10-year median of 78.73)
GF Value™: €34.35 vs. price of €80.95 (135.7% above fair value)
Industry Position: 79.8% above the Capital Markets median (#68 of 618)
No single metric tells the full story. See the FRA:KY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Interactive Brokers is a large, automated, retail and institutional brokerage that boasted nearly $780 billion in customer equity at the end of 2025. The company cut its teeth as a market maker, introducing US financial markets to automated and algorithmic training before expanding into brokerage services in 1993. The firm has a wide-ranging client base, with its best-in-class order execution and extremely low margin lending rates catering to a sophisticated audience of hedge funds, proprietary traders, and introducing brokers that account for about 45% of the firm's commissions. With operations spanning more than 170 electronic exchanges, 40 countries, and 29 currencies, Interactive Brokers caters to a global clientele, with more than 80% of active accounts sitting outside the US.
85GF Score
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