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(Sharecast News) - Financial technology company Funding Circle upgraded its full-year guidance on Tuesday after reporting continued trading momentum across the business, driven by sustained demand from small business customers and ongoing product innovation.
Funding Circle said it now expects FY26 revenues of at least £275m, with profit margins of around 16%, ahead of previous guidance for revenues of more than £255m and pre-tax profits of more than £40m.
The FTSE 250-listed firm said positive trends highlighted at its half-year results had continued through September and October, with November also starting strongly.
Funding Circle also highlighted its strong balance sheet and cash generation, noting that it remains a capital-light business. Its fourth share buyback programme, launched in September, remains ongoing, with £5m of shares repurchased so far. Including previous programmes, Funding Circle has now returned £80m to shareholders through buybacks, equivalent to approximately 19% of its issued share capital.
Chief executive Lisa Jacobs said: "We've carried the strong momentum seen in the first half of 2026 into the autumn, and SME demand has remained resilient despite continued macro uncertainty. As a result, we are upgrading our FY26 expectations."
As of 1130 GMT, Funding Circle shares were up 8.65% at 226p.
Reporting by Iain Gilbert at Sharecast.com
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