London Stock Exchange Group (LSE:LSEG) delivered solid financial growth in 2025, supported by expanding demand for data and analytics services, rising profitability and increased shareholder distributions, while reinforcing its strategic focus on artificial intelligence-enabled data platforms.
Total income, excluding recoveries, increased 7.1% on an organic constant-currency basis, with growth recorded across all major divisions including Data & Analytics, FTSE Russell, Risk Intelligence and Markets. Adjusted EBITDA rose 11.8% during the year, lifting margins to 50.3%, while adjusted earnings per share climbed 15.7% to 420.6p.
Strong cash generation enabled the group to return £2.8 billion to shareholders and increase its dividend by 15.4%, underscoring the strength of its operating model and recurring revenue base.
Management pointed to accelerating demand for its “LSEG Everywhere” strategy, which focuses on delivering AI-ready financial data and workflow solutions. During the fourth quarter, the company secured long-term data and workflow agreements valued at £1.9 billion and expanded partnerships with major technology platforms including Anthropic, Microsoft, OpenAI and Snowflake.
Strategic initiatives during the year also included bank investment into Post Trade Solutions, continued development of digital and private markets infrastructure, and further innovation across its global financial data ecosystem. The group reiterated expectations for continued mid- to high-single-digit income growth, expanding margins and strong cash flow generation, alongside plans to complete an additional £3 billion share buyback programme by 2027.
LSEG’s outlook is supported by strong operational performance, particularly high margins and accelerating free cash flow. However, technical indicators currently reflect weaker share price momentum, while valuation metrics remain elevated, with a relatively high price-to-earnings ratio and a modest dividend yield moderating the overall investment profile.
More about London Stock Exchange Group
London Stock Exchange Group is a global provider of financial market infrastructure and data services, operating trading venues, post-trade platforms, indices and benchmark businesses alongside extensive financial data and analytics offerings. Its operations span Data & Analytics, FTSE Russell, Risk Intelligence, Markets and Post Trade Solutions, supplying financial institutions worldwide with trusted data, analytics and AI-enabled workflow tools.
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