IG Group ups outlook as stock trading and crypto drive revenue higher

(Alliance News) - IG Group Holdings PLC shares climbed on Tuesday as it upgraded its guidance and reported strong first quarter revenue growth as it attracted new customers.

Ahead of Tuesday's annual general meeting, the London-based online trading platform said total revenue rose 21% to GBP339.9 million in the first quarter from GBP280.0 million a year prior. Organic revenue jumped 19% to GBP331.2 million.

Shares in IG Group were up 7.4% at 1,693.00 pence on Tuesday morning in London.

Net trading revenue was 26% higher at GBP313.3 million from GBP248.2 million. IG Group said organic first trades were up 63% on-year, with active customers up 12%, reflecting "increased marketing spend and effectiveness" along with new product launches.

IG said it is establishing a "powerful challenger position" in stock trading and crypto, with a "broadened proposition".

The company upgraded its 2026 guidance to organic total revenue growth of between 10% and 15% from the 2025 base of around GBP1.10 billion, ahead of prior guidance of high single-digit growth.

It now expects net interest income between GBP110 million and GBP120 million from around GBP110 million previously, due to higher rate expectations.

IG Group expects the earnings before interest, tax, depreciation and amortisation margin to be sustained in the mid-40s percentage range.

The medium-term outlook was upgraded to at least 10% organic total revenue compound growth per year beyond 2026, with the Ebitda margin remaining in the mid-40s.

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

As previously announced, the firm is conducting a strategic review which is "evaluating routes to maximise shareholder value". These routes include acquisitions to accelerate growth, domicile and listing venues to "unlock capital and enhance strategic flexibility" and potential combinations of parts of the business with other industry participants.

It will present the outcome of the review at a strategy update in autumn.

By Michael Hennessey, Alliance News reporter

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