David Schwimmer, CEO said:
“LSEG delivered another quarter of strong, broad-based growth. By building compelling solutions that meet customers’ evolving business needs we have established a consistent track-record of growth in our Data & Analytics business. Our Capital Markets revenues accelerated in the third quarter, with ongoing innovation increasing Tradeweb’s share of global credit trading. Our Post Trade businesses also continue to grow strongly as customers look to our risk management services in an uncertain macro environment. We are confident that growth for the full year will be towards the upper end of the +6-8% guidance range.”
Related documents
Q3 2023 highlights
(All growth rates on a constant currency basis unless otherwise stated)
- Total income (excl. recoveries) +8.0%; on-track to deliver full year growth towards the upper end of the +6-8% guidance range
- Broad strength with Data & Analytics +7.2%, Capital Markets +6.2%, Post Trade +17.0%
- Organic Annual Subscription Value (“ASV”) growth +7.1%
- All 2023 guidance reiterated incl. EBITDA margin and capex
- £750m directed buyback completed in Q3; £1.5bn returned to shareholders since August 2022
This release contains revenues, cost of sales and key performance indicators (KPIs) for the three months ended 30 September 2023 (Q3). Certain columns and rows may not add due to the use of rounded numbers for disclosure purposes. To reflect underlying performance, all constant currency variances compare the current and prior period at consistent exchange rates. Organic variance is calculated on a constant currency basis, adjusting the results to remove disposals from the entirety of the current and prior year periods, and including acquisitions from the date of acquisition with a comparable adjustment to the prior year.
Q3 2023 investor and analyst conference call
LSEG hosted a conference call for its Q3 Trading Update for analysts and investors on 19 October 2023 at 10:00am (UK time). On the call was David Schwimmer (Chief Executive Officer), Anna Manz (Chief Financial Officer) and Peregrine Riviere (Group Head of Investor Relations). Listen to a replay of the conference call below.
This is an audio-only recording.