IG Group Reports Strong Q3 FY25 Revenue Growth!

IG Group Holdings plc has reported a robust revenue performance for the three months ending 28 February 2025 (“Q3 FY25”), marking the third quarter of its financial year ending 31 May 2025. The Group’s total revenue for the quarter was £268.0 million, representing a 12% increase compared to the same period last year and a 10% rise from the prior quarter.

The growth was primarily due to a strong 15% year-on-year increase in trading revenue, which reached £235.3 million. This was due to higher revenue per client, benefiting from favorable market conditions.

IG Group Reports Strong Q3 FY25 Revenue Growth, Up 12% Year-on-Year

IG Group saw a 2% increase in active clients compared to the same quarter in the previous year, bringing the total to 272,700. The number of active clients also grew by 5% from the previous quarter, driven by enhanced product offerings, effective marketing, and promotional efforts.

Trading across all products showed strong growth, fueled by improved market conditions and increased investment in marketing, which is expected to continue in Q4. Notably, trading revenue from tastytrade, an exchange-traded derivatives platform, surged 30% year-on-year to a record $50.9 million. In GBP terms, the revenue rose 32% compared to Q3 FY24, reaching £40.8 million.

Stock trading and investment revenue also saw significant gains, with a 32% increase compared to the prior year and a 13% rise from the previous quarter. However, net interest income decreased by 7% year-on-year to £32.7 million, reflecting lower interest rates and stable client money balances.

Additionally, IG Group announced that it has received key antitrust and change of control approvals for its acquisition of Freetrade, which is now going to close in April 2025. The Group has also extended its share buyback program by £50 million to £200 million, with 2.3 million shares repurchased as of 11 March.

IG Group remains confident of meeting FY25 consensus revenue and adjusted profit before tax expectations.

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