Consensus

LSEG analyst consensus - 7 August 2025

Basis of consensus

Consensus has been compiled from financial estimates (models) provided by 11 third-party research analysts, prepared and published on a consistent basis.

Download LSEG's 2025-2027 consensus, including highs and lows for each year. 

 
Analyst ratings Buy Hold Sell
  16 1 0
Consensus target share price (p)              12,623    
Closing share price as of 06/08/2025 (p)                10,100    
£m 
Revenue
2025
Consensus
2026
Consensus
2027
Consensus
       
Total income excl recoveries
Organic constant currency growth %
7.0% 6.5%  
       
Workflows 1,927 1,991 2,088
Data & Feeds 1,819 1,931 2,073
Analytics 232 248 267
Data & Analytics 3,979 4,170 4,428
       
Subscription 639 687 743
Asset based 317 339 368
FTSE Russell 956 1,026 1,111
       
Risk Intelligence 580 639 708
       
Equities 406 420 436
Fixed income, derivatives & other 1,556 1,695 1,859
FX 277 290 307
OTC Derivatives 630 667 712
Securities & Reporting 229 237 246
Non-Cash Collateral 115 120 125
NTI 252 257 268
Markets 3,466 3,686 3,952
       
Other 9 10 10
Total Income (excl. recoveries) 8,990 9,532 10,209
Organic (constant currency) growth % 7.0% 6.5%  
       
Recoveries 363 363 366
Total Income (incl. recoveries) 9,353 9,895 10,575
       
Cost of Sales (1,201) (1,257) (1,319)
Gross Profit 8,152 8,638 9,255
       
Adjusted opex (3,723) (3,881) (4,109)
       
Income from equity investments - - -
Share of profit / (loss) after tax of associates (1) (1) (1)
Adjusted EBITDA 4,428 4,756 5,145
Adjusted EBITDA margin (%) ex-recoveries 49.3% 49.9% 50.4%
       
Underlying depreciation and amortisation (1,009) (1,035) (1,052)
Adjusted operating profit 3,419 3,721 4,093
       
Net finance expense (197) (225) (223)
Adjusted profit before tax 3,222 3,496 3,870
       
Tax (786) (856) (950)
Tax rate 24.4% 24.5% 24.5%
Adjusted profit after tax 2,435 2,640 2,920
       
Non-controlling interest (318) (350) (383)
Underlying profit 2,117 2,290 2,537
       
Weighted Average number of shares 525.1 516.8 512.2
       
Adjusted basic EPS 403.2 443.2 495.5
       
Total dividend (£m) 738 800 881
Dividend per share (p) 140.8 155.5 172.9

Please note that any opinions, estimates or forecasts regarding London Stock Exchange Group plc performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the London Stock Exchange Group plc or its management. The number of analysts that are included in the above consensus may differ from the total number of analysts that cover the London Stock Exchange Group plc, due to out of date forecasts (from before the latest set of results) or change at the analysts' company.