LSEG reported a 9.8% rise in first-quarter organic revenue growth, excluding currency impacts, to £2.5bn (£2.4bn expected). Growth was broad-based across divisions, with Markets the standout, driven by trading activity.
Gross profit rose 11.5% to £2.2bn (£2.2bn expected).
Guidance was tightened, with full-year revenue growth still expected at 6.5-7.5% but now skewed towards the upper half of the range. Margins and free cash flow are also expected to improve.
LSEG returned £1.1bn to shareholders through buybacks over the quarter and remains on track to complete its £3bn programme by February 2027.
The shares were broadly flat in early trading.
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LSEG key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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