IG Group posted
net trading revenue of £231.9 million for its first quarter of the fiscal year
2026 (FY26) , down 4% from the prior year, as challenging market conditions
offset customer income retention efforts. The FTSE 250 financial services
company (LSE: IGG) said total revenue fell 7% to £259.9 million despite a 3%
increase in average monthly active customers.
The London-based
online trading platform owner faced headwinds from what it described as
“less supportive market conditions” that dampened trading
activity across its global customer base. Net interest income dropped 24% to
£28.0 million, reflecting lower interest rates and increased pass-through
benefits to customers.
However, IG
Group showed signs of progress in customer acquisition, with first trades
jumping 42% year-over-year as the company ramped up marketing efforts and
simplified its product offerings. The company maintained its full-year
guidance for revenue and cash earnings per share, with
management expressing confidence in meeting market expectations.
IG Group’s Q1 FY26
Financial Metrics
Financial Metrics | Q1 FY26 | Q1 FY25 | Change |
Net Trading Revenue (£m) | 231.9 | 242.1 | -4% |
Total Revenue (£m) | 259.9 | 278.9 | -7% |
Net Interest Income (£m) | 28.0 | 36.8 | -24% |
Active Customers (‘000) | 278.9 | 270.6 | +3% |
First Trades (‘000) | 23.9 | 16.7 | +42% |
Freetrade Integration
Powers Stock Trading Growth
The
acquisition of UK-based Freetrade, completed in April 2025 for £160
million, delivered immediate results in its first full quarter under IG
ownership. Freetrade contributed £6.5 million in net trading revenue
and added 460,200 active customers to IG’s platform.
Stock trading
and investments revenue across the group surged 38% organically, with
Freetrade’s performance particularly strong as it rolled out new products
including mutual fund offerings. Assets under administration in IG’s
stock trading business climbed to £7.6 billion, with £3.0 billion
attributed to Freetrade alone.
The
integration appears to be proceeding smoothly, with Freetrade
maintaining its independent operations while benefiting from IG’s
resources and infrastructure. The acquisition has helped IG target
younger, mass-market investors who prefer commission-free trading
platforms.
Regional Performance Shows
Mixed Results
IG’s
geographic divisions delivered varied results during the quarter. The UK
& Ireland division saw organic revenue increase 7% to £74.3 million,
driven primarily by stronger OTC derivatives performance and the addition of
Freetrade’s stock trading business.
The
Asia-Pacific and Middle East region faced more significant headwinds, with
revenue falling 18% to £61.3 million as OTC derivatives trading
declined amid regional market volatility. The United States division managed 8%
growth to £44.1 million, supported by the continued expansion of the tastytrade
platform.
Regional Revenue (£m) | Q1 FY26 | Q1 FY25 | Change |
UK & Ireland (organic) | 74.3 | 69.5 | +7% |
APAC & Middle East | 61.3 | 75.2 | -18% |
United States | 44.1 | 40.8 | +8% |
Europe | 31.0 | 34.8 | -11% |
Institutional & EM | 21.2 | 21.8 | -3% |
Europe saw
revenue drop 11% to £31.0 million, while the Institutional and Emerging
Markets division remained relatively stable with a 3% decline
to £21.2 million. The company exited its European exchange-traded
derivatives business Spectrum during the previous quarter to focus on more
profitable operations
An Active September
IG Group
closed out a particularly busy September with several major initiatives. The
company announced plans to acquire Independent Reserve, a leading Australian
cryptocurrency exchange, for an initial A$178 million. The deal provides IG
with immediate access to regulated crypto markets in Australia and Singapore,
complementing its existing offerings in the UK and US.
At the same
time, IG Prime launched a white-label trading platform that enables partner
institutions to provide multi-asset trading services under their own brand,
with an international banking group – not yet named – becoming the first
client.
The month
also saw the launch of a £125 million share buyback program. By late September,
IG had spent £16.8 million repurchasing 1.5 million shares. Management
indicated that the program could be extended later in the fiscal year,
depending on share price performance and broader capital requirements. This
summary highlights IG’s key actions in a neutral, straightforward way.
You may also like other IG-related stories from FinanceMagnates.com:
- IG Group Chairman Mike McTighe Steps Down After Five-Year Tenure
- UK Investors Get Round the Clock Access to 110 US Stocks with IG
IG Group posted
net trading revenue of £231.9 million for its first quarter of the fiscal year
2026 (FY26) , down 4% from the prior year, as challenging market conditions
offset customer income retention efforts. The FTSE 250 financial services
company (LSE: IGG) said total revenue fell 7% to £259.9 million despite a 3%
increase in average monthly active customers.
The London-based
online trading platform owner faced headwinds from what it described as
“less supportive market conditions” that dampened trading
activity across its global customer base. Net interest income dropped 24% to
£28.0 million, reflecting lower interest rates and increased pass-through
benefits to customers.
However, IG
Group showed signs of progress in customer acquisition, with first trades
jumping 42% year-over-year as the company ramped up marketing efforts and
simplified its product offerings. The company maintained its full-year
guidance for revenue and cash earnings per share, with
management expressing confidence in meeting market expectations.
IG Group’s Q1 FY26
Financial Metrics
Financial Metrics | Q1 FY26 | Q1 FY25 | Change |
Net Trading Revenue (£m) | 231.9 | 242.1 | -4% |
Total Revenue (£m) | 259.9 | 278.9 | -7% |
Net Interest Income (£m) | 28.0 | 36.8 | -24% |
Active Customers (‘000) | 278.9 | 270.6 | +3% |
First Trades (‘000) | 23.9 | 16.7 | +42% |
Freetrade Integration
Powers Stock Trading Growth
The
acquisition of UK-based Freetrade, completed in April 2025 for £160
million, delivered immediate results in its first full quarter under IG
ownership. Freetrade contributed £6.5 million in net trading revenue
and added 460,200 active customers to IG’s platform.
Stock trading
and investments revenue across the group surged 38% organically, with
Freetrade’s performance particularly strong as it rolled out new products
including mutual fund offerings. Assets under administration in IG’s
stock trading business climbed to £7.6 billion, with £3.0 billion
attributed to Freetrade alone.
The
integration appears to be proceeding smoothly, with Freetrade
maintaining its independent operations while benefiting from IG’s
resources and infrastructure. The acquisition has helped IG target
younger, mass-market investors who prefer commission-free trading
platforms.
Regional Performance Shows
Mixed Results
IG’s
geographic divisions delivered varied results during the quarter. The UK
& Ireland division saw organic revenue increase 7% to £74.3 million,
driven primarily by stronger OTC derivatives performance and the addition of
Freetrade’s stock trading business.
The
Asia-Pacific and Middle East region faced more significant headwinds, with
revenue falling 18% to £61.3 million as OTC derivatives trading
declined amid regional market volatility. The United States division managed 8%
growth to £44.1 million, supported by the continued expansion of the tastytrade
platform.
Regional Revenue (£m) | Q1 FY26 | Q1 FY25 | Change |
UK & Ireland (organic) | 74.3 | 69.5 | +7% |
APAC & Middle East | 61.3 | 75.2 | -18% |
United States | 44.1 | 40.8 | +8% |
Europe | 31.0 | 34.8 | -11% |
Institutional & EM | 21.2 | 21.8 | -3% |
Europe saw
revenue drop 11% to £31.0 million, while the Institutional and Emerging
Markets division remained relatively stable with a 3% decline
to £21.2 million. The company exited its European exchange-traded
derivatives business Spectrum during the previous quarter to focus on more
profitable operations
An Active September
IG Group
closed out a particularly busy September with several major initiatives. The
company announced plans to acquire Independent Reserve, a leading Australian
cryptocurrency exchange, for an initial A$178 million. The deal provides IG
with immediate access to regulated crypto markets in Australia and Singapore,
complementing its existing offerings in the UK and US.
At the same
time, IG Prime launched a white-label trading platform that enables partner
institutions to provide multi-asset trading services under their own brand,
with an international banking group – not yet named – becoming the first
client.
The month
also saw the launch of a £125 million share buyback program. By late September,
IG had spent £16.8 million repurchasing 1.5 million shares. Management
indicated that the program could be extended later in the fiscal year,
depending on share price performance and broader capital requirements. This
summary highlights IG’s key actions in a neutral, straightforward way.
You may also like other IG-related stories from FinanceMagnates.com:
- IG Group Chairman Mike McTighe Steps Down After Five-Year Tenure
- UK Investors Get Round the Clock Access to 110 US Stocks with IG