# Interactive Brokers Group, Inc. (IBKR) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Interactive Brokers Group, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/IBKR/mda/fy2025/): filed 2026-02-27; accession 0001381197-26-000062 (https://www.sec.gov/Archives/edgar/data/1381197/000138119726000062/ibkr-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/IBKR/mda/fy2024/): filed 2025-02-27; accession 0001381197-25-000036 (https://www.sec.gov/Archives/edgar/data/1381197/000138119725000036/ibkr-20241231x10k.htm)
- [FY 2023 MD&A](/company/IBKR/mda/fy2023/): filed 2024-02-27; accession 0001381197-24-000083 (https://www.sec.gov/Archives/edgar/data/1381197/000138119724000083/ibkr-20231231x10k.htm)
- [FY 2022 MD&A](/company/IBKR/mda/fy2022/): filed 2023-02-24; accession 0001381197-23-000014 (https://www.sec.gov/Archives/edgar/data/1381197/000138119723000014/ibkr-20221231x10k.htm)
- [FY 2021 MD&A](/company/IBKR/mda/fy2021/): filed 2022-02-25; accession 0001381197-22-000010 (https://www.sec.gov/Archives/edgar/data/1381197/000138119722000010/ibkr-20211231x10k.htm)

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