LSEG H1 total income rises on Markets businesses strength
LSEG H1 total income rises on Markets businesses strength
Overview
UK financial markets operator's H1 total income (excl. recoveries) rose 6.9% yr/yr
Adjusted EBITDA margin improved 320 bps, driven by revenue growth and efficiency gains
Company completed £2.1 bln share buybacks in H1, with £1.35 bln more planned
Outlook
London Stock Exchange raises 2026 organic constant currency income growth guidance to 7.0-7.5%
Company lifts 2026 constant currency EBITDA margin guidance to around 100 bps
London Stock Exchange expects 2026 equity free cash flow of at least £2.7 bln
Result Drivers
AI AND DATA SOLUTIONS - Co said growth was supported by progress in its 'LSEG Everywhere' data strategy and increased customer engagement with AI-ready data and AI Search features
MARKETS SEGMENT GROWTH - Markets businesses achieved double-digit growth, driven by sustained investment and new product launches
SUBSCRIPTION BUSINESS MOMENTUM - Subscription business KPIs improved
Company press release: ID:nRSd4545Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Total Income (incl. recoveries) |
| GBP 4.99 bln |
|
H1 Total Income (excl. recoveries) |
| GBP 4.80 bln |
|
H1 Dividend |
| GBP 0.55 |
|
H1 Pretax Profit |
| GBP 1.28 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 GBp12,000.00, about 30.5% above its July 29 closing price of GBp9,198.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
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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.)