David Schwimmer
Chief Executive Officer
Replay available
London Stock Exchange Group plc (LSEG) Q2 2025 Earnings Call
London Stock Exchange Group plc (LSE: LSEG) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Michelle Anna-Frosch
Chief Financial Officer
Peregrine Riviere
Head of Investor Relations
Russell Quill
Analyst
Kyle Boyce
Analyst, KBW
Michael Warner
Analyst, UBS
Arnaud Juggla
Analyst, BNP Paribas
Oliver Carruthers
Analyst, Goldman Sachs
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for London Stock Exchange Group Plc.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.355 Good morning and welcome to our first half of 2025 results. 00:00:04.355 -- 00:00:09.699 I'm joined by Michelle Anna-Frosch, MAP, our CFO, and by Peregrine Riviere, Head 00:00:09.699 -- 00:00:12.220 of Investor Relations. 00:00:13.042 -- 00:00:17.606 We've had a very good start to the year, continuing our strong and consistent track record 00:00:17.606 -- 00:00:23.751 of growth. Revenues grew 8.7%, with all businesses contributing positively. 00:00:23.751 -- 00:00:28.775 Our focus on efficient and scalable growth is paying off, with 150 basis points of 00:00:28.775 -- 00:00:32.688 margin expansion. taking EBITDA margins to 49.5%. 00:00:32.688 -- 00:00:34.591 That 00:00:34.591 -- 00:00:39.077 operational leverage continued down the P&L, with adjusted EPS growing a little over 00:00:39.077 -- 00:00:41.898 20%. Cash 00:00:42.281 -- 00:00:47.287 conversion remained strong. We returned a billion pounds in buybacks and dividends to 00:00:47.287 -- 00:00:51.753 shareholders in the first half, while still investing in future growth and maintaining 00:00:51.753 -- 00:00:56.979 optionality around bolt-on M&A. And today, we've announced a further billion 00:00:56.979 -- 00:01:02.839 pound buyback in the second half, and a 15% increase in our interim dividend, 00:01:02.839 -- 00:01:05.944 and we are raising our margin guidance. 00:01:05.944 -- 00:01:10.411 This performance is a direct consequence of our strategy and execution. 00:01:10.411 -- 00:01:14.958 The investments we're making are driving growth today and are also building the capabilities 00:01:14.958 -- 00:01:20.646 and platforms for future growth. We're accelerating our high level of product innovation, 00:01:20.646 -- 00:01:25.414 consistently rolling out new products. We are deepen...