LSEG Expects to Meet Top End of Revenue Guidance

By Najat Kantouar

London Stock Exchange Group said it expects to meet the upper end of its 2026 revenue guidance after reporting growth across its key segments for the first quarter.

The stock-exchange and financial-information company now anticipates organic constant-currency growth in total income excluding recoveries to be at the upper end of its 6.5% to 7.5% guidance. LSEG still projects an earnings before interest, taxes, depreciation and amortization margin expansion of 80 to 100 basis points, and equity free cash flow of at least 2.7 billion pounds ($3.65 billion).

"We are confident in the outlook and the delivery of all of our financial targets for the year," Chief Executive David Schwimmer said.

For the first quarter, total income excluding recoveries rose to 2.415 billion pounds from 2.26 billion pounds for the same period a year earlier.

Recoveries mainly relate to fees for third-party content, such as exchange data, that is distributed directly to customers.

Analysts had forecast total income excluding recoveries at 2.355 billion pounds, according to a company-compiled consensus.

On an organic constant-currency basis, total income in its data-and-analytics unit increased 5.1%, income for markets segment grew 15.5%, while risk-intelligence income posted a 10.5% gain, boosted by solid customer demand, it said.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

April 23, 2026 03:08 ET (07:08 GMT)