IG Group, the online trading services provider, has raised its full-year performance outlook, leading its share price to reach a new all-time high.
Driven by a strong start to the year, IG Group upgraded its guidance, with its stock surging 11% in afternoon trading in Europe to £17.46, making it the top gainer among FTSE 100 constituents. Year-to-date, the stock has risen 33%.
The company reported that first-quarter organic revenue increased 19% year-over-year to £331.2 million (approximately $445 million). However, net interest income fell 22% to £24.7 million due to declining interest rates.
CEO Breon Corcoran attributed the strong performance to continued product diversification and favorable overall market conditions. He stated, "Our business momentum continues to strengthen, leading us to raise our full-year 2026 outlook and medium-to-long-term growth expectations."
The updated guidance includes: - Full-year organic revenue growth of 10% to 15%. - Full-year net interest income projected between £110 million and £120 million.
Previously, the company had anticipated high-single-digit organic revenue growth and net interest income of £110 million. In 2025, organic revenue from continuing operations was £1.1 billion.
The company also expects that beyond 2026, annual total organic revenue growth will remain at least 10%, with an EBITDA margin stabilizing around 45%.
IG Group plans to announce the final results of its strategic review this autumn. In its earnings report on March 19, the company disclosed that its board is exploring various options to enhance shareholder value, including potential mergers and acquisitions, changes to its headquarters registration, and adjustments to its listing location.
Additionally, the company revealed it is considering merging parts of its business with industry peers.