TP ICAP reports solid rise in 2022 profits

Inter-deal broker TP ICAP has released its annual financial results for 2022. The revenue for the year reached £2.1 billion, recording a 13.5% (7% in constant currency) increase.

The year ended for the London-listed company with pre-tax profit of £113 million, seeing a substantial jump from last year’s £24 million.

Nicolas Breteau, the CEO of TP ICAP said:

Nicolas Breteau, TP ICAP

Nicolas Breteau

We delivered a strong performance: high single-digit revenue growth and an increase in profitability. Significant monetary tightening in many economies benefited Rates, our largest business.

The basic earnings per share of TP ICAP for last year rose to 13.2 pence from 0.7 pence in 2021. The adjusted figure stood at 24.9 pence, compared to 19.5 pence the previous year.


TP ICAP’s board has recommended to distribute 12.4 pence per share as a dividend to its shareholders at a 31% YoY increase.

The global broking revenue increased by 13% on a reported basis and 7% on a constant currency basis, with a total of £1.25 billion. £302 million of this total was generated from FX and money market products.

The energies and commodities units brought in revenue of £387 million, which increased by 5% on a reported basis but decreased by 2% on a constant currency basis. Parameta Solutions generated £177 million in revenue, an increase of 19% on a reported basis.

Liquidnet, which was acquired by TP ICAP in 2021, saw an increase in revenue of 25% and 18% on a reported and constant currency basis, respectively, generating a total revenue of £325 million last year.

Breteau added:

We have a clear strategic roadmap and a strong franchise. Our market-leading positions in broking, and our deep liquidity pools, mean we are well positioned as central banks continue to withdraw liquidity and interest rates remain elevated.

TP ICAP recently registered its wholesale exchange for crypto assets, Fusion Digital Assets, with UK’s Financial Conduct Authority (FCA).


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