IG Group (LSE:IGG) delivered a strong first quarter performance, with organic total revenue rising 19% year-on-year to £331.2 million. Net trading revenue increased 25%, supported by heightened commodity market volatility, broader product offerings and increased marketing activity.
The company reported 12% organic growth in active customers, marking the fifth consecutive quarter of sequential customer expansion. Total assets under administration exceeded £20 billion in April, driven by strong inflows across stock trading, Freetrade and cryptocurrency products.
IG continued to expand its stock trading and digital asset capabilities during the quarter. The group launched spot cryptocurrency trading in several markets, introduced zero-commission stock trading into additional geographies and integrated its Independent Reserve acquisition to support further international crypto growth.
Reflecting the strong trading momentum, management upgraded its 2026 outlook and now expects organic revenue growth of between 10% and 15%, alongside EBITDA margins in the mid-40% range. The company also increased its medium-term target, forecasting annual organic revenue growth of at least 10%.
Alongside its operational expansion, IG said it continues to conduct a strategic review that could include acquisitions, changes to its domicile or stock market listing venue, potential combinations with industry peers and a newly announced £125 million share buyback programme.
The company’s broader outlook remains supported by strong profitability and a solid overall financial position, alongside an attractive valuation characterised by a relatively low price-to-earnings ratio and meaningful dividend yield. Technical indicators remain positive overall, although momentum measures suggest the shares may be approaching overbought territory. Risks include recent declines in revenue growth rates and softer free cash flow trends.
More about IG Group Holdings
IG Group Holdings plc is a UK-based online trading and investment platform operator providing over-the-counter and exchange-traded derivatives, stock trading, investment and cryptocurrency products to both retail and institutional clients. The group is expanding its presence in stockbroking and digital assets through an increasingly international platform network supporting more than £20 billion in client assets under administration.
