Business
First Quarter Trading Update
IG Group Holdings reported its Q1 FY26 trading update, revealing a mixed performance. Net trading revenue was £238.4 million, a 2% decrease compared to the previous year, with organic net trading revenue at £231.9 million, down 4%. Average monthly active customers increased significantly by 173% to 739,100, driven by the inclusion of Freetrade, while organic active customers saw a 3% rise. First trades also jumped 89% to 31,700, with organic first trades up 42%. Net interest income decreased by 20% to £29.5 million. Total revenue reached £267.9 million, a 4% decrease, with organic total revenue at £259.9 million, down 7%. Freetrade contributed £6.5 million to stock trading revenue. The group's customer cash balances stood at £4.7 billion. A share buyback program of £125 million is underway, with 1.5 million shares repurchased for £16.8 million as of September 23, 2025. Disclaimer*
About this update from Ig Group Holdings Plc
[{"type":"text","content":"\n\n\n25 September 2025\nLEI No: 2138003A5Q1M7ANOUD76\n \nIG GROUP HOLDINGS PLC First Quarter Trading Update\n \n'Good strategic progress led to organic growth in active customers against a tough prior year comparative, strong customer income retention and excellent performance at Freetrade, full year guidance confirmed'\n \nIG Group Holdings plc (\"IG\", \"the Group\"), today issues its scheduled trading update for the three months to 31 August 2025 (\"Q1 FY26\") covering the first quarter of the fiscal year ending 31 May 2026 (\"FY26\").\n \nBusiness performance in Q1 FY26\nVariances described below refer to organic performance in Q1 FY26, excluding Freetrade. Active customers and first trades are presented on revised definitions with net trading revenue reallocated accordingly, as announced on 19 September 20251.\n \nNet trading revenue of £231.9 million declined 4% on the prior year and 8% on the prior quarter, as strong OTC customer income retention was offset by lower trading activity in less supportive market conditions.\n \nAverage monthly active customers increased 3% on the prior year and remained stable on the prior quarter which were demanding comparatives. First trades increased 42% on the prior year and 2% on the prior quarter reflecting increased marketing activity, greater marketing effectiveness and the early results of strategic initiatives to close products gaps and simplify our propositions to broaden customer appeal.\n \n \n\n\n\n\nRevenue (£ million)\n\n\nQ1 FY26\n\n\nQ1 FY25\n\n\n% YoY\n\n\nQ4 FY25\n\n\n% QoQ\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOTC derivatives\n\n\n182.7\n\n\n194.4\n\n\n(6%)\n\n\n205.6\n\n\n(11%)\n\n\n\n\nExchange traded derivatives*\n\n\n36.9\n\n\n38.9\n\n\n(5%)\n\n\n36.0\n\n\n2%\n\n\n\n\nStock trading & investments\n\n\n18.5\n\n\n8.7\n\n\n112%\n\n\n14.1\n\n\n31%\n\n\n\n\n- of which Freetrade**\n\n\n6.5\n\n\n-\n\n\n-\n\n\n3.7\n\n\n-\n\n\n\n\n- of which organic\n\n\n12.0\n\n\n8.7\n\n\n38%\n\n\n10.4\n\n\n15%\n\n\n\n\nSpot crypto\n\n\n0.3\n\n\n0.1\n\n\nnm\n\n\n0.1\n\n\nNm\n\n\n\n\nNet trading revenue\n\n\n238.4\n\n\n242.1\n\n\n(2%)\n\n\n255.8\n\n\n(7%)\n\n\n\n\n- of which organic\n\n\n231.9\n\n\n242.1\n\n\n(4%)\n\n\n252.1\n\n\n(8%)\n\n\n\n\nNet interest income\n\n\n29.5\n\n\n36.8\n\n\n(20%)\n\n\n29.7\n\n\n(1%)\n\n\n\n\n- of which organ...