(All growth rates on an organic constant currency basis unless otherwise stated)
Strong, broad-based growth: Total income (excl. recoveries) +6.4% (+7.3% year-to-date). Led by Risk Intelligence +13.9% and FTSE Russell +9.3%; Data & Analytics +4.9%, Markets +6.3%
Continued strong subscription growth: combined growth of 6.5% in our subscription businesses1. Period-end ASV growth of +5.6% reflects underlying acceleration excluding the known impact of attractive new multi-year UBS contract; headline re-acceleration of ASV growth anticipated in Q4
EBITDA margin guidance raised: expect c.100 bps increase in constant currency EBITDA margin in FY2025 - top end of previously stated range and excluding a further c.100 bps benefit from the change to SwapClear revenue share arrangements; confident in delivering all other financial targets
Advancing our LSEG Everywhere strategy, high pace of innovation: further embedding our high-quality, trusted data into industry workflow tools in partnership with Databricks, Rogo and Snowflake; scaling distribution with MCP infrastructure
Deepening our partnership with Microsoft: integrating LSEG data in Microsoft 365 Copilot and agentic AI tools through Copilot Studio; digital market infrastructure built on Microsoft technology live in Q3; first-of-its-kind Azure-based trade routing network for 1,600 investment firms and brokers
Good growth in Markets: all businesses delivering positive growth against strong prior year comparator.
Investment in Post Trade Solutions ("PTS") and SwapClear amendment: replicates the successful SwapClear structure through partnership with PTS. Immediately accretive to Group EBITDA margin and AEPS
Additional £1 billion share buyback: planning to complete before 2025 preliminary results; total share buybacks of £2.5 billion over the 12-month period from March 2025 to February 2026
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LSEG - London Stock Exchange Group plc published this content on October 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 23, 2025 at 06:11 UTC.
London Stock Exchange Group Plc is one of the European stock exchanges. Revenues break down by activity as follows:
- publication and distribution of stock market information and data analysis (67.9%);
- trading services (21.3%): execution and management of derived product and cash operations. The group also provides quotation services and technological services;
- post-trade services (10.8%): primarily securities clearing and settlement services.
Revenues are distributed geographically as follows: the United Kingdom (31.7%), Europe (14.1%), the United States (37.6%), Asia (11.5%) and other (5.1%).
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