Q1 Trading Update
23 April 2026

LSEG will host a conference call for its Q1 2026 Trading Update on Thursday, 23 April at 08.30am (UK time). On the call will be David Schwimmer (Chief Executive Officer) and Michel-Alain Proch (Chief Financial Officer).

David Schwimmer, CEO said:

“We have had a great start to 2026 across the board: our leading, multi-asset class trading venues have been critical sources of liquidity, price discovery and risk management for customers, while engagement with our trusted data to inform decision-making has been at record levels.

“We have continued to execute on our LSEG Everywhere strategy for the distribution of AI-ready data. Over 150 customers have connected or are onboarding to our MCP server, and our new AI tools within Workspace are generating very positive feedback. Our focus through 2026 will be on roll-out and adoption of these services.

“We are delivering this high rate of innovation across the whole of LSEG: during the quarter we drove strong adoption of our digital asset indices, launched TradeAgent to broaden our Post Trade Solutions platform, executed the first transaction on the Private Securities Market and announced the launch of LSEG DiSH, which enables real-time settlement in commercial bank money across payment networks. We are confident in the outlook and the delivery of all of our financial targets for the year.”

Q1 2026 highlights

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

  • Record revenue: Total income (excl. recoveries) +9.8%. Data & Analytics +5.1%, FTSE Russell +8.8%, Risk Intelligence +10.5%, Markets +15.5%
  • Continued strong subscription growth: combined growth of +6.3% in our subscription businesses1, with all three divisions accelerating over Q4 2025
  • Exceptional growth across Markets: driving very strong growth in trading volumes across multiple asset classes as customers look to manage risk in a more volatile environment
  • Further strong progress with LSEG Everywhere: over 150 customers connected or onboarding to our MCP server; Workspace AI tools now rolling out
  • Significant product innovation: strong demand for digital asset indices, launch of TradeAgent, first transaction for Private Securities Market
  • Dynamic capital allocation: completed £1.1 billion of share buybacks in Q1; well on track executing on £3 billion buyback by February 2027

This release contains revenues, cost of sales and key performance indicators (KPIs) for the three months ended 31 March 2026 (Q1). 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 for disclosure purposes.

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