O TYM ODCINKU
Interactive Brokers added 391,000 accounts in three months, yet daily trades fell 11% and each customer traded about a fifth less. So what held profit up? Lending.
In this episode of What Changed, Vikas breaks down IBKR's Q3 2026 results:
→ Why trades per account fell from 207 to 168 a year, and why it is not just summer
→ How net interest income became 60 cents of every revenue dollar → Why commission growth was 5%, not the 12% headline, after pass-through fees
→ What the 71% dividend increase really signals → VYNG conviction: 7.6 out of 10, down from 8.4
Every chart, source and calculation is in the full What Changed report at vyng.io, sourced directly from Interactive Brokers' filings.
Research, not investment advice. VYNG conviction scores are editorial judgments, not recommendations to buy or sell.
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