Consensus

LSEG analyst consensus - 8 May 2025

Basis of consensus

Consensus has been compiled from financial estimates (models) provided by 13 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
  15 3 1
Consensus target share price (p)              12,638    
Closing share price as of 07/05/2025 (p)                11,605    
£m 
Revenue
2025
Consensus
2026
Consensus
2027
Consensus
       
Total income excl recoveries
Organic constant currency growth %
7.2% 7.2%  
       
Workflows 1,956 2,036 2,145
Data & Feeds 1,981 2,124 2,300
Analytics 234 248 265
Data & Analytics 4,171 4,407 4,710
       
Subscription 652 709 776
Asset based 326 348 377
FTSE Russell 977 1,057 1,153
       
Risk Intelligence 579 638 706
       
Equities 245 254 262
Fixed income, derivatives & other 1,541 1,680 1,855
FX 276 287 304
OTC Derivatives 639 680 727
Securities & Reporting 224 234 245
Non-Cash Collateral 112 117 122
NTI 259 263 272
Markets 3,296 3,515 3,787
       
Other 9 11 11
Total Income (excl. recoveries) 9,034 9,631 10,369
Organic (constant currency) growth % 7.2% 7.2%  
       
Recoveries 368 369 372
Total Income (incl. recoveries) 9,402 10,000 10,741
       
Cost of Sales (1,213) (1,266) (1,333)
Gross Profit 8,190 8,733 9,408
       
Adjusted opex (3,740) (3,909) (4,160)
       
Income from equity investments - - -
Share of profit / (loss) after tax of associates (1) (1) (1)
Adjusted EBITDA 4,449 4,823 5,247
Adjusted EBITDA margin (%) ex-recoveries 49.2% 50.1% 50.6%
       
Underlying depreciation and amortisation (1,013) (1,036) (1,058)
Adjusted operating profit 3,436 3,787 4,189
       
Net finance expense (228) (236) (234)
Adjusted profit before tax 3,207 3,551 3,955
       
Tax (786) (870) (970)
Tax rate 24.5% 24.5% 24.5%
Adjusted profit after tax 2,421 2,681 2,984
       
Non-controlling interest (330) (360) (395)
Underlying profit 2,091 2,321 2,590
       
Weighted Average number of shares 527.6 523.1 518.9
       
Adjusted basic EPS 396.5 443.9 499.3
       
Total dividend (£m) 734 819 912
Dividend per share (p) 139.4 157.0 176.3

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.