London Stock Exchange Group posted record first-half results with organic revenue growth of 8.4% and raised its full-year EBITDA margin guidance to around 100 basis points of improvement. Subscription revenue growth accelerated to 6.3%, putting the company on track for its 2026 target of 6.5%, while adjusted EBITDA rose 14% and adjusted earnings per share climbed 17% to 245 pence. Free cash flow per share surged 37%, and the company returned a record approximately 2.6 billion pounds to shareholders through 2.1 billion pounds in buybacks and 500 million pounds in dividends, alongside a 17% increase in the interim dividend to 55 pence per share. The Data & Analytics division saw revenue up 5.1%, with FTSE Russell and Risk Intelligence each growing between 9% and 10%, while the Markets division grew 12%, driven by a 29% rise in total interest rate swap notional cleared and a 34% jump in equity average daily volume on the London Stock Exchange. CEO David Schwimmer noted that AI is enhancing the value of the company’s data, with new sales 10% higher and better retention, though meaningful monetization of the MCP tool is not expected until 2027.
London Stock Exchange Group PLCRecord revenue, raised EBITDA margin guidance, strong earnings growth, and increased shareholder returns.