UK's TP ICAP Q1 revenue rises 13% to record high on global broking & energy growth

TP Icap

13/05/2026 07:08

Overview

UK wholesale market intermediary reported record Q1 revenue up 13% yr/yr to £689 mln

Growth led by Global Broking and Energy & Commodities, with Liquidnet and Parameta Solutions contributing

Company cites strong execution amid volatile markets and elevated trading volumes

Outlook

Board remains comfortable with outlook for remainder of yr at current FX rates

Company cites ongoing macroeconomic and geopolitical uncertainty impacting client risk management

Result Drivers

MARKET VOLATILITY - Co said volatile market conditions and elevated trading volumes supported revenue growth

GLOBAL BROKING & ENERGY - Growth led by Global Broking and Energy & Commodities divisions, with revenues up 15% and 13% yr/yr respectively

LIQUIDNET & PARAMETA - Liquidnet revenue rose 9% as it expanded its equities and multi-asset execution business; Parameta Solutions revenue up 4% with increased sales efforts

Company press release: ID:nRSM0602Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
GBP 689 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for Tp Icap Group PLC is GBp318.00, about 1.1% above its May 12 closing price of GBp314.40

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)