IG Group Reports 29% Increase in Net Trading in Q1 Update

IG Group Holdings has released its scheduled trading update for the three months ended 30 November 2025 (Q1), reporting solid growth across revenues, customers, and product lines. The update follows the company’s announcement on 4 November 2025 that it has changed its financial year-end from 31 May to 31 December, with immediate effect.

During the quarter, IG recorded net trading revenue of £270.7 million, representing a 29% increase year-on-year and a 17% rise compared with the prior quarter. The company said performance was by softer comparators and continued progress on its strategy, including expanded product offerings and higher customer income retention.

Growth was recorded across all major product categories. The United States remained IG’s fastest-growing market, where tastytrade delivered net trading revenue of $65.3 million, up 51% year-on-year and 19% quarter-on-quarter. New customer acquisition accelerated, with first trades increasing 64% year-on-year, while active customers rose 8% compared with the prior year.

IG Group Reports 29% Increase in Net Trading in Q1 Update

Net interest income came in at £27.7 million, down 18% year-on-year, reflecting lower interest rates and increased pass-through to customers. Customer cash balances stood at £4.9 billion at the end of November, an increase of 13% compared with the same period last year.

IG also reported strong performance in exchange-traded derivatives, with tastytrade net trading revenue rising 46% year-on-year to $58.2 million. In stock trading and investments, revenue growth was due to the zero-commission UK share dealing proposition launched in April 2025, which has since expanded to Ireland, Singapore, and France.

During the period, IG secured cryptoasset licences from both the UK Financial Conduct Authority and the EU under MiCA, positioning the group to expand its spot crypto offerings in 2026. Freetrade, acquired in April 2025, continued to perform well, with assets under administration reaching £3.3 billion.

IG also extended its share buyback programme from £125 million to £200 million, citing its capital position and cash generation. Looking ahead, the group said it enters calendar year 2026 with strong momentum, supported by product development, customer growth, and increased marketing investment.

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