London Stock Exchange Group Q3 total income up 8.8%
London Stock Exchange Group Q3 total income up 8.8%
Overview
UK financial markets operator's Q3 total income ex recoveries rose 8.8% yr/yr organically
Company raised full-year guidance for revenue growth, EBITDA margin and cash flow
Planned acquisitions of Octus and Trumid to expand fixed income and credit market offerings nL4N4680EL
Outlook
LSEG raises 2026 organic revenue growth guidance to at least 8.0% from 7.0%-7.5%
Company expects 2026 EBITDA margin to expand by 100-120bps
LSEG sees 2026 equity free cash flow of at least £2.8 bln, up from £2.7 bln
Result Drivers
MARKETS DIVISION - Double-digit growth in Markets driven by increased trading activity, electronification, and risk management needs
SUBSCRIPTION BUSINESSES - Growth in Data & Analytics, FTSE Russell and Risk Intelligence, with demand for cloud-based and private market data
AI SOLUTIONS ADOPTION - Rapid uptake of Workspace AI tools and increased customer engagement with AI-enabled products
Company press release: ID:nRSV9543Za
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Total Income (incl. recoveries) |
| GBP 2.50 bln |
|
Q3 Total Income (excl. recoveries) |
| GBP 2.41 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy"
Wall Street's median 12-month price target for London Stock Exchange Group PLC is GBp11,700.00, about 33.1% above its October 21 closing price of GBp8,790.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)