Interactive Brokers management check
IBKR · Financials · Investment Banking & Brokerage · CEO Milan Galik
Filings as of
5 good · 1 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $434, against $196 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.82 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$19.7m of reported pay in fiscal 2025, against $4.4bn of net income.
- Good
Do they own the stock?
CEO stake ≈ 14 years of payThe CEO holds 3,215,389 shares, directly or through trusts (unvested awards not counted): about 14 years of pay. Light activity: $13k bought, $2.0m sold in six months.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +2.4% a year over the last three fiscal years. Stock-based pay was 4.8% of revenue in the latest year.
- Good
Is leadership stable?
1 leadership filings in 3 yearsCEO in the pay table: Mr. Milan Galik. 1 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 2 amended annual reports.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 49 | |
| Pay for performance | 91 | 83 | |
| CEO cost | 79 | 67 | |
| Skin in the game | 92 | 51 | |
| Dilution | 20 | 69 | |
| Stable leadership | 100 | 80 | |
| Clean books | 70 | 100 |
Closest peers
Others in Investment Banking & Brokerage, by management score. Interactive Brokers is 18th of 72 in its sector.
Pay versus performance
From the proxy statement filed March 11, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Milan Galik | $19.7m | $42.2m | $3.3m | $434 | $196 | $4.4bn |
| 2024 | Mr. Milan Galik | $17.3m | $53.3m | $3.3m | $297 | $166 | $3.4bn |
| 2023 | Mr. Milan Galik | $15.4m | $19.8m | $3.2m | $138 | $133 | $2.8bn |
| 2022 | Mr. Milan Galik | $14.0m | $8.6m | $3.0m | $120 | $105 | $1.8bn |
| 2021 | Mr. Milan Galik | $12.3m | $19.5m | $2.8m | $131 | $129 | $1.6bn |
The board says pay is tied most to Adjusted pre-tax profit margin.. Its other key measures: Adjusted income before income taxes., 3-year adjusted net revenue growth..
Insiders and the CEO's stake
Milan Galik (Chief Executive Officer) held 3,215,389 shares directly after their latest Form 4 on May 8, 2026, roughly $271.4m at that filing's price.
Light activity: $13k bought, $2.0m sold in six months.
- BoughtLori A ConklingDirector$13kOct 1, 2026
- SoldLawrence E HarrisDirector$2.0mApr 28, 2026
Leadership and governance on file
- Mar 31, 2026Annual report amended10-K/A
- Mar 5, 2025Annual report amended10-K/A
- Jan 2, 2024Leadership change8-K 5.02
Latest shareholder vote results: Apr 29, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $346.0m returned to owners in buybacks and dividends, and $502.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6bn | $1.5bn | $1.6bn | $2.0bn | $2.4bn |
| Net income | — | — | — | — | — |
| Stock-based pay | $80.0m | $92.0m | $100.0m | $112.0m | $118.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $38.0m | $40.0m | $42.0m | $92.0m | $134.0m |
| Diluted shares | 95m | 101m | 423m | 436m | 444m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.