London Stock Exchange Group (LSEG) reported an upbeat start to 2025, with strong growth across its core businesses and accelerating momentum in its Data & Analytics division.
London Stock Exchange Group Posts Strong Q1, Data & Analytics Momentum Builds
Total income excluding recoveries rose 8.7% year-on-year, or 7.8% on an organic constant currency basis, to £2.26 billion.
Growth was broad-based, with Data & Analytics up 5.1%, FTSE Russell up 9.6%, Risk Intelligence up 10.7% and the Markets division climbing 10.7%.
CEO David Schwimmer said: “We have started the year strongly, delivering another quarter of good growth. Our Data & Analytics business accelerated further, and Risk Intelligence and FTSE Russell continued to perform well.”
Within Data & Analytics, the group saw strong performance from its Analytics and Data & Feeds units, including demand for its Yield Book fixed income tools and new cloud-based solutions developed in partnership with Microsoft.
The segment’s acceleration marked a sequential improvement in growth.
LSEG’s Markets division benefited from heightened geopolitical and economic uncertainty, which drove double-digit increases in FX, Tradeweb and OTC derivatives. Tradeweb’s average daily volume rose to $2.55 trillion.
The group maintained its full-year guidance, targeting 6.5–7.5% organic growth in total income excluding recoveries and a 50–100 basis point EBITDA margin improvement.
LSEG also confirmed it had repurchased £245 million in shares under a £500 million buyback programme and remains confident of delivering at least £2.4 billion in equity free cash flow in 2025.
