IG Group surges as it lifts 2026, medium-term guidance

(Sharecast News) - IG Group surged on Tuesday as the online trading provider lifted its guidance for 2026 and its medium-term outlook following a strong first quarter and a good start to the second quarter.

In a trading update ahead of its annual general meeting, IG said first-quarter organic total revenue rose 19% on the year to £331.2m, while reported revenue was 21% higher at £339.9m. ​

First trades increased 63% year-on-year and 65% on the quarter, reflecting increased marketing spend and effectiveness, new product launches and supportive market conditions. This led to a 12% year-on-year rise in active customers, which was the fifth consecutive quarter of sequential growth.

IG now expects 2026 organic total revenue growth of between 10% and 15% on the 2025 base of around £1.1bn, up from previous guidance of high single digits. The group also upgraded its medium-term outlook to at least 10% organic total revenue compound growth per year beyond 2026.

Net interest income is now expected at £110m to £120m versus around £110m previously, reflecting higher rate expectations, the company said.

"The upgraded outlook reflects both favourable first-quarter market conditions and structural drivers the board expects to carry forward," IG said. "Marketing efficiency is accelerating active customer growth, multi-product adoption is strengthening, and customer income retention is trending higher."

The company said it has continued to trade well in the first seven weeks of the second quarter, with underlying commercial momentum continuing to build.

At 0910 BST, the shares were up 8.6% at 1,711p.

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