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Side-by-side financial comparison of Interactive Brokers Group, Inc. (IBKR) and RXO, Inc. (RXO). Click either name above to swap in a different company.

Interactive Brokers Group, Inc. is the larger business by last-quarter revenue ($1.7B vs $1.5B, roughly 1.1× RXO, Inc.). Interactive Brokers Group, Inc. runs the higher net margin — 70.2% vs -3.1%, a 73.3% gap on every dollar of revenue. On growth, Interactive Brokers Group, Inc. posted the faster year-over-year revenue change (17.0% vs -11.9%). Over the past eight quarters, Interactive Brokers Group, Inc.'s revenue compounded faster (87.6% CAGR vs 26.8%).

Interactive Brokers, Inc. is an American multinational brokerage firm headquartered in Greenwich, Connecticut. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. In 2024, the platform processed an average of 2.6 million trades per trading day. Interactive Brokers is the largest foreign exchange market broker and is one of the largest prime brokers servicing commodity brokers. The company brokers stocks, options, futures contract...

RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.

IBKR vs RXO — Head-to-Head

Bigger by revenue
IBKR
IBKR
1.1× larger
IBKR
$1.7B
$1.5B
RXO
Growing faster (revenue YoY)
IBKR
IBKR
+28.8% gap
IBKR
17.0%
-11.9%
RXO
Higher net margin
IBKR
IBKR
73.3% more per $
IBKR
70.2%
-3.1%
RXO
Faster 2-yr revenue CAGR
IBKR
IBKR
Annualised
IBKR
87.6%
26.8%
RXO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IBKR
IBKR
RXO
RXO
Revenue
$1.7B
$1.5B
Net Profit
$1.2B
$-46.0M
Gross Margin
Operating Margin
-2.9%
Net Margin
70.2%
-3.1%
Revenue YoY
17.0%
-11.9%
Net Profit YoY
21.5%
-84.0%
EPS (diluted)
$0.59
$-0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IBKR
IBKR
RXO
RXO
Q1 26
$1.7B
Q4 25
$667.0M
$1.5B
Q3 25
$603.0M
$1.4B
Q2 25
$578.0M
$1.4B
Q1 25
$592.0M
$1.4B
Q4 24
$558.0M
$1.7B
Q3 24
$507.0M
$1.0B
Q2 24
$474.0M
$930.0M
Net Profit
IBKR
IBKR
RXO
RXO
Q1 26
$1.2B
Q4 25
$1.2B
$-46.0M
Q3 25
$1.2B
$-14.0M
Q2 25
$1.0B
$-9.0M
Q1 25
$964.0M
$-31.0M
Q4 24
$969.0M
$-25.0M
Q3 24
$834.0M
$-243.0M
Q2 24
$809.0M
$-7.0M
Operating Margin
IBKR
IBKR
RXO
RXO
Q1 26
Q4 25
-2.9%
Q3 25
-0.5%
Q2 25
Q1 25
-2.1%
Q4 24
-1.4%
Q3 24
-1.9%
Q2 24
Net Margin
IBKR
IBKR
RXO
RXO
Q1 26
70.2%
Q4 25
180.1%
-3.1%
Q3 25
196.7%
-1.0%
Q2 25
174.0%
-0.6%
Q1 25
162.8%
-2.2%
Q4 24
173.7%
-1.5%
Q3 24
164.5%
-23.4%
Q2 24
170.7%
-0.8%
EPS (diluted)
IBKR
IBKR
RXO
RXO
Q1 26
$0.59
Q4 25
$-0.82
$-0.28
Q3 25
$0.59
$-0.08
Q2 25
$0.51
$-0.05
Q1 25
$1.94
$-0.18
Q4 24
$2.00
$-0.17
Q3 24
$1.67
$-1.81
Q2 24
$1.65
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IBKR
IBKR
RXO
RXO
Cash + ST InvestmentsLiquidity on hand
$5.1B
$17.0M
Total DebtLower is stronger
$12.0M
$387.0M
Stockholders' EquityBook value
$5.6B
$1.5B
Total Assets
$218.7B
$3.3B
Debt / EquityLower = less leverage
0.00×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBKR
IBKR
RXO
RXO
Q1 26
$5.1B
Q4 25
$5.0B
$17.0M
Q3 25
$5.1B
$25.0M
Q2 25
$4.7B
$18.0M
Q1 25
$3.5B
$16.0M
Q4 24
$3.6B
$35.0M
Q3 24
$3.6B
$55.0M
Q2 24
$3.9B
$7.0M
Total Debt
IBKR
IBKR
RXO
RXO
Q1 26
$12.0M
Q4 25
$387.0M
Q3 25
$387.0M
Q2 25
$387.0M
Q1 25
$387.0M
Q4 24
$351.0M
Q3 24
$352.0M
Q2 24
$370.0M
Stockholders' Equity
IBKR
IBKR
RXO
RXO
Q1 26
$5.6B
Q4 25
$5.4B
$1.5B
Q3 25
$5.1B
$1.6B
Q2 25
$4.8B
$1.6B
Q1 25
$4.5B
$1.6B
Q4 24
$4.3B
$1.6B
Q3 24
$4.1B
$1.7B
Q2 24
$3.9B
$579.0M
Total Assets
IBKR
IBKR
RXO
RXO
Q1 26
$218.7B
Q4 25
$203.2B
$3.3B
Q3 25
$200.2B
$3.2B
Q2 25
$181.5B
$3.2B
Q1 25
$157.7B
$3.3B
Q4 24
$150.1B
$3.4B
Q3 24
$148.5B
$3.4B
Q2 24
$136.6B
$1.8B
Debt / Equity
IBKR
IBKR
RXO
RXO
Q1 26
0.00×
Q4 25
0.25×
Q3 25
0.24×
Q2 25
0.24×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.21×
Q2 24
0.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IBKR
IBKR
RXO
RXO
Operating Cash FlowLast quarter
$7.0M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-0.6%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBKR
IBKR
RXO
RXO
Q1 26
Q4 25
$1.6B
$7.0M
Q3 25
$4.5B
$23.0M
Q2 25
$7.1B
$23.0M
Q1 25
$2.6B
$-2.0M
Q4 24
$1.8B
$-7.0M
Q3 24
$3.6B
$-7.0M
Q2 24
$1.6B
$-5.0M
Free Cash Flow
IBKR
IBKR
RXO
RXO
Q1 26
Q4 25
$-9.0M
Q3 25
$9.0M
Q2 25
$9.0M
Q1 25
$-17.0M
Q4 24
$-19.0M
Q3 24
$-18.0M
Q2 24
$-16.0M
FCF Margin
IBKR
IBKR
RXO
RXO
Q1 26
Q4 25
-0.6%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
-1.2%
Q4 24
-1.1%
Q3 24
-1.7%
Q2 24
-1.7%
Capex Intensity
IBKR
IBKR
RXO
RXO
Q1 26
Q4 25
1.1%
Q3 25
1.0%
Q2 25
1.0%
Q1 25
1.0%
Q4 24
0.7%
Q3 24
1.1%
Q2 24
1.2%
Cash Conversion
IBKR
IBKR
RXO
RXO
Q1 26
Q4 25
1.34×
Q3 25
3.78×
Q2 25
7.10×
Q1 25
2.68×
Q4 24
1.90×
Q3 24
4.29×
Q2 24
2.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IBKR
IBKR

Segment breakdown not available.

RXO
RXO

Retail Sector$546.0M37%
Last Mile$298.0M20%
Food And Beverage Sector$225.0M15%
Other Sector$185.0M13%
Managed Transportation$133.0M9%
Automotive Sector$93.0M6%

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