Q3 2026 Trading Update
22 October 2026

London Stock Exchange Group Plc invites you to the company's Q3 2026 Results Webcast on Thursday 22nd October, 10:00am UK.

The presentation will be hosted by David Schwimmer (Chief Executive Officer) and Michel-Alain Proch (Chief Financial Officer).

There will be a Q&A session at the end of the presentation for those dialling in through the teleconference facility. Please register to access the webcast and the teleconference line and to receive personalised dial-in details.

David Schwimmer, CEO said:

“LSEG’s record performance continued in Q3, with accelerating growth across our subscription businesses and sustained performance in Markets. Reflecting this strength, we are raising our full-year guidance for revenue, EBITDA margin and free cash flow. We continue to work with the world’s leading financial institutions as they experiment with, integrate and scale AI across their organisations.

“Our strong cash generation enables us to invest in compelling growth opportunities while also returning capital to shareholders. The planned acquisition of Octus adds valuable proprietary solutions in the high-growth illiquid and private credit space. Alongside the acquisition of Trumid’s innovative credit trading services and our existing scale in liquid credit, we are becoming a global leader in fixed income data and trading.

“Through buybacks and dividends, we will have returned 10% of our market capitalisation to shareholders between January 2026 and February 2027, with capacity for a further £1.0-1.5bn of buybacks in 2027.

"LSEG is on track to deliver its strongest annual growth since 2018, and we continue to invest to further enhance our capacity for sustained, long-term growth and value creation, building a business that is better positioned than ever.”

Q3 2026 highlights

(All growth rates on a constant currency basis unless otherwise stated)

  • Strong, broad-based growth: Total income (excl. recoveries) +8.8% (+8.6% year-to-date). Led by Markets +12.5%, FTSE Russell +10.2%, Risk Intelligence +9.8%, and Data & Analytics +5.2%
  • Sustained strength in Markets: leading global markets infrastructure benefitting from consistent investment and innovation
  • Accelerating subscription businesses1: 6.6% growth in subscription businesses in Q3; on track to deliver full year acceleration of c.50bps
  • Raising revenue, margin and cash flow guidance: expecting full year growth of at least 8.0%, EBITDA margin expansion of 100-120bps, and equity free cash flow of at least £2.8 billion
  • Driving adoption of AI solutions: 95% of top 200 customers using LSEG AI products; more than two-thirds of top 50 customers with MCP connection; expecting a growing contribution to revenues over time
  • Enhancing growth with acquisitions of Octus and Trumid: highly complementary businesses, creating a global fixed income leader across the liquidity spectrum
  • Returning capital to shareholders: £2.6 billion returned via buybacks this year; current £3.0 billion programme to complete by February 2027; capacity for a further £1.0-1.5 billion in 2027

This release contains revenues, cost of sales and key performance indicators (KPIs) for the three months ended 30 September 2026 (Q3). Constant currency variances are calculated on the basis of consistent FX rates applied across the current and prior year period (GBP:USD 1.318 GBP:EUR 1.168). 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. Certain columns and rows may not add due to the use of rounded numbers.

1. Combined total income (excl. recoveries) of Data & Analytics, FTSE Russell and Risk Intelligence