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Online Stock Brokerages in the US Industry Data and Analysis
Online stock brokerages continue to generate steady growth, as the proliferation of digital technology coincided with broader economic stabilization that incentivized investors to leave traditional brokers and started trading online. Despite significant economic volatility at the onset of the period, brokers endured revenue growth as more investors made trades amid market volatility. Increased discretionary spending fueled a significant decline in the personal savings rate and led to a rise in young investors through online brokerages, causing total trading volume and internet traffic to skyrocket. In recent years, growth has been curtailed by the effects of high inflation, which cut consumers' propensity to invest. Nonetheless, the continued growth in equity markets, such as the S&P 500, fueled strong broker success, with revenue rising at a CAGR of 3.7% to $14.6 billion over the past five years, including an estimated 4.3% jump in the current year. Stabilizing operational costs and trading volumes have also cemented brokers’ profit margin. Industry profit has climbed during the current period and will comprise 12.3% of revenue in the current year.
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What's included in this industry analysis
IBISWorld's research coverage on the Online Stock Brokerages industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Online Stock Brokerages industry in the United States operates under the NAICS industry code OD4755. Online stock brokerages operate online websites that act as agents in the buying and selling of stocks or other securities. Brokers primarily concentrate on stock brokerage while also offering services for other types of securities. Related terms covered in the Online Stock Brokerages industry in the United States include securities, traders and commission.
What's included in this industry?
Products and services covered in Online Stock Brokerages industry in the United States include Debt securities, Equity securities and Derivative contracts.
What companies are included in this industry?
Companies covered in the Online Stock Brokerages industry in the United States include Charles Schwab Corp, E Trade Financial Corp and Robinhood Markets, Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Online Stock Brokerages industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Online Stock Brokerages industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Online Stock Brokerages industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Online Stock Brokerages industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Online Stock Brokerages industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Online Stock Brokerages industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Online Stock Brokerages industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Online Stock Brokerages industry in the United States.
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Frequently Asked Questions
What is the market size of the Online Stock Brokerages industry in the United States in 2026?
The market size of the Online Stock Brokerages industry in the United States is $14.6bn in 2026.
How many businesses are there in the Online Stock Brokerages industry in the United States in 2025?
There are 252 businesses in the Online Stock Brokerages industry in the United States, which has grown at a CAGR of 1.8 % between 2020 and 2025.
How may import tariffs affect the Online Stock Brokerages industry in the United States?
The Online Stock Brokerages industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Online Stock Brokerages industry in the United States?
The Online Stock Brokerages industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Online Stock Brokerages industry in the United States grown or declined over the past 5 years?
The market size of the Online Stock Brokerages industry in the United States has been growing at a CAGR of 3.7 % between 2020 and 2025.
What is the forecast growth of the Online Stock Brokerages industry in the United States over the next 5 years?
Over the next five years, the Online Stock Brokerages industry in the United States is expected to grow.
What are the biggest companies in the Online Stock Brokerages industry in the United States?
The biggest companies operating in the Online Stock Brokerages industry in the United States are Charles Schwab Corp, E Trade Financial Corp and Robinhood Markets, Inc.
What does the Online Stock Brokerages industry in the United States include?
Equity Securities and Debt Securities are part of the Online Stock Brokerages industry in the United States.
Which companies have the highest market share in the Online Stock Brokerages industry in the United States?
The company holding the most market share in the Online Stock Brokerages industry in the United States is Charles Schwab Corp.
How competitive is the Online Stock Brokerages industry in the United States?
The level of competition is high and increasing in the Online Stock Brokerages industry in the United States.
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