IG Group Reports Strong Trading, Expands Buyback Program

IG Group reports strong Q3 trading, expands share buyback, boosts customer growth, and sets ambitious 2026 outlook.

Key Points:

• Net trading revenue rises 29% year-on-year, with strong growth across derivatives, stock trading, and US markets.
• IG expands share buyback to £200 million and projects mid-point organic revenue growth for 2026.

IG Group Holdings plc (LON:IGG) reported robust revenue growth and strong customer momentum in its trading update for the three months ending 30 November 2025.

IG posted net trading revenue of £270.7 million, up 29% year-on-year and 17% quarter-on-quarter, driven by broad-based growth across all major product categories. The United States remained IG’s fastest-growing market, with tastytrade generating $65.3 million in net trading revenue, up 51% year-on-year.

The company accelerated new customer acquisition, with first trades rising 64% year-on-year and 18% quarter-on-quarter. Active customers increased 8% year-on-year and 4% quarter-on-quarter, supported by new products and enhanced marketing. Customer cash balances reached £4.9 billion, up 13% from the prior year, while net interest income declined 18% to £27.7 million, reflecting lower rates and increased pass-through to customers.

IG Group Reports Strong Trading, Expands Buyback Program

IG strengthened its derivatives offerings, introducing 24/5 trading, pre-IPO markets, and improved professional client services. tastytrade’s exchange-traded derivatives revenue rose 46% year-on-year to $58.2 million. Furthermore, in the UK and Ireland, IG’s zero-commission stock trading proposition drove share dealing volumes up 99% year-on-year to over 775,000 trades, with overseas trades representing 42% of the total.

IG also secured crypto licenses in the UK and EU, enabling expansion of spot crypto offerings across APAC, the Middle East, and Europe in 2026.

The Freetrade acquisition delivered continued growth, with assets under administration reaching £3.3 billion, up 36% year-on-year, and high-value customers holding at least £10,000 increasing 16%. On a pro forma basis, Freetrade contributed £7.5 million in net trading revenue during the quarter.

IG advanced its Independent Reserve acquisition, expected to complete in early 2026, and expanded its share buyback program to £200 million, with 7.6 million shares repurchased to date.

For the seven-month transitional period ending 31 December 2025, IG expects total revenue of £630 million and net trading revenue of £565 million. Additionally, for the full year, it anticipates £1,100 million in revenue and net trading revenue of £980 million.

Looking to 2026, IG plans increased marketing investment and new product launches to drive user growth and retention, projecting organic revenue growth near the mid-point of its prior guidance, excluding Freetrade and Independent Reserve.

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