Schwar Capital Research

Schwar Capital Research

IBKR Investment Thesis

32% Customer Growth Rate, 74% Operating Margin, Down 26% From Recent Highs

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Schwar Capital Research
Apr 18, 2025
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Is this a stock for all markets?

This business expanded its customer base by 32% year-over-year.

Not 3.2%.

Thirty-two percent.

That's the kind of growth you might …

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