LSEG lifts full-year revenue outlook

(Sharecast News) - London Stock Exchange Group lifted its full-year revenue outlook on Thursday following record first-quarter revenue. The company now expects FY revenue growth to be in the upper half of its 6.5% to 7.5% guidance range. It also expects an improvement in the constant currency EBITDA margin of 80 to 100 basis points, while equity free cash flow is expected to be at least £2.7bn.

In an update for the first quarter, it said total income rose 9.8%, with combined growth of 6.3% in its subscription businesses and all three divisions accelerating over the final quarter of 2025.

LSEG completed £1.1bn of share buybacks in the first-quarter and said it was "well on track" to complete its £3bn buyback by February 2027.

Chief executive David Schwimmer said: "We have had a great start to 2026 across the board: our leading, multi-asset class trading venues have been critical sources of liquidity, price discovery and risk management for customers, while engagement with our trusted data to inform decision-making has been at record levels.

"We have continued to execute on our LSEG Everywhere strategy for the distribution of AI-ready data. Over 150 customers have connected or are onboarding to our MCP server, and our new AI tools within Workspace are generating very positive feedback. Our focus through 2026 will be on roll-out and adoption of these services.

"We are delivering this high rate of innovation across the whole of LSEG: during the quarter we drove strong adoption of our digital asset indices, launched TradeAgent to broaden our Post Trade Solutions platform, executed the first transaction on the Private Securities Market and announced the launch of LSEG DiSH, which enables real-time settlement in commercial bank money across payment networks. We are confident in the outlook and the delivery of all of our financial targets for the year."

At 0925 BST, the shares were up 0.6% at 9,812p.

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