Interactive Brokers Group (IBKR) concentration risks

The company's only disclosed concentration is a geographic revenue split: approximately 30% of net revenues were generated by operating subsidiaries outside the United States — a low-share exposure by disclosed size with a structural character. This reflects the company's international brokerage operations across multiple jurisdictions and is a feature of the business model rather than an accidental concentration. The structural character means the international revenue share reflects deliberate expansion into non-U.S. markets rather than reliance on any specific country, client, or counterparty that could be withdrawn. At 30% of net revenues, the foreign contribution is a meaningful but not dominant portion of the business; the majority of revenues are generated domestically, which limits the proportional impact of adverse developments in any single non-U.S. jurisdiction. There are no disclosed customer, product, or supplier concentrations in the filing. The concentration profile is therefore single-dimensional and narrow — one geographic split with no compounding exposures. The international share introduces currency translation effects and the regulatory complexity of multi-jurisdiction brokerage operations, but neither of those channels operates at a scale that would be decisive for the overall investment verdict given the low-share classification. On balance, this is a limited and well-understood concentration that is characteristic of globally active financial intermediaries, and it does not represent a primary monitoring variable relative to other determinants of operating performance.

For the engine’s reasoning on IBKR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.