Summary

Trustpilot Group plc (LSE:TRST) is a FTSE 250 and FTSE 350 online reviews platform helping consumers make decisions and brands build trust. The stock is in focus after FY2025 results showed bookings up 18% at constant currency to $291.4m, Revenue up to $261.05m, $300m ARR surpassed, adjusted free Cash Flow up 173% to $46.6m and a £30m buyback. This article explains the share price drivers, results and risks for UK investors.

Key takeaways

  • Trustpilot Group is a FTSE 250 and FTSE 350 constituent and one of the world’s largest online consumer reviews platforms.
  • FY2025: bookings rose 18% at constant currency to $291.4m; revenue rose 20% to $261.1m; according to other publicly available data, revenue was $261.05m (+23.87%) with Earnings of $7.76m (+24.45%).
  • ARR surpassed $300m, and adjusted free cash flow soared 173% YoY to $46.6m; gross Margin was maintained at 82.7%.
  • Trustpilot does not currently pay a Dividend. Management has announced a £30m share repurchase programme.
  • The share price reportedly jumped 21.86% post-announcement after the FY2025 results were released.

Introduction: Why Trustpilot shares are in focus on the FTSE 350

Trustpilot Group plc (LSE:TRST) is one of the world’s largest online consumer reviews platforms and a constituent of the FTSE 250 and the wider FTSE 350. The platform allows consumers to leave and read reviews of businesses across a wide range of sectors, helping brands manage reputation, improve trust and gather customer insights. For UK investors monitoring FTSE 350 share price news and UK technology stocks, Trustpilot is one of the more distinctive SaaS-aligned names on the London Stock Exchange.

The Trustpilot share price has been in focus following strong FY2025 results that showed double-digit bookings and revenue growth, a major milestone of $300m ARR surpassed, sharply improved adjusted free cash flow and the announcement of a £30m share buyback programme. The stock reportedly jumped 21.86% post-announcement, underlining the positive market reaction to the operational and financial progress.

Company overview: A global online reviews platform

Trustpilot is a global online reviews platform connecting consumers and businesses. Consumers can leave reviews of companies they have purchased from or interacted with, while businesses subscribe to Trustpilot’s platform for tools to manage reviews, gather customer insights, integrate reviews into their websites and Marketing, and protect against fake reviews. The platform has built a large global user base across multiple geographies and industries.

Trustpilot trades on the Main Market of the London Stock Exchange under the ticker TRST and is a constituent of the FTSE 250 and FTSE 350. For UK investors, Trustpilot is one of the more directly exposed UK-listed plays on the long-term shift of consumer decisions and Brand reputation online.

What happened: FY2025 results, $300m ARR milestone and £30m buyback

The most material recent event for Trustpilot was the publication of FY2025 full-year results. According to publicly available reports, bookings rose 18% at constant currency to $291.4m and revenue rose 20% to $261.1m. Other publicly available data points indicate revenue of $261.05m (an increase of 23.87%) and earnings of $7.76m (+24.45%). The company surpassed the $300m ARR milestone and reported adjusted free cash flow up 173% year on year to $46.6m, with gross margin maintained at 82.7%.

Management announced a £30m share repurchase programme. Trustpilot has historically not paid a dividend and is not expected to do so in the near future, choosing to focus Capital allocation on growth and selective Buybacks.

The share price reportedly jumped 21.86% post-announcement, with the stock also rising around 14.955% in the immediate aftermath of the earnings report, reflecting strong investor reaction to the results.

Why it matters for UK investors

Trustpilot matters for UK investors as one of the few UK-listed online reviews and SaaS-style platforms with global scale. As a FTSE 250 and FTSE 350 constituent, it is held in UK technology, growth and mid-cap strategies. Its share price is closely watched as a barometer for sentiment on UK SaaS-aligned names and the broader online trust and reviews market.

Latest verified update

The most material verified updates for Trustpilot include the FY2025 full-year results, the $300m ARR milestone, the 173% rise in adjusted free cash flow, the £30m share buyback and the strong post-results share price reaction. The FTSE 350 constituent table PDF snapshot showed a price of 243.80p. UK investors should consult Trustpilot’s Investor relations website and RNS announcements for the most current verified facts.

Share price and investor sentiment

The Trustpilot share price has been volatile, reflecting both the strong growth trajectory and broader sentiment on global technology and SaaS multiples. Sentiment in 2025 and 2026 has been increasingly constructive, supported by strong bookings, ARR growth and cash flow conversion. Sceptics highlight competitive pressure, the absence of a dividend, foreign exchange exposure and execution risk on AI-related product features.

Sector and macro context: Online reviews, trust and AI

The online reviews market has grown structurally as consumers increasingly research products and businesses online before making purchase decisions. Trustpilot’s scale of reviews and integrations gives it a network effect across consumers and businesses. AI and Machine Learning are increasingly being used to detect fake reviews, surface insights and integrate reviews into broader marketing and customer experience workflows.

Macro factors are also relevant. Global B2B SaaS spending, currency moves (Trustpilot reports in US dollars), and broader sentiment on technology multiples can all affect the share price.

Earnings, capital allocation and Balance Sheet

According to FY2025 results, Trustpilot’s combination of double-digit revenue growth, high gross margins and sharply improved free cash flow points to a high-quality SaaS-style Business. The £30m share buyback signals confidence and provides a measure of capital return to shareholders, despite the absence of a dividend.

Broker, analyst and investor sentiment

Trustpilot is widely covered by UK Sell-Side analysts focused on technology and SaaS. Sentiment in 2025 and 2026 has been positive, supported by the strong results and ARR milestone. Debate continues over valuation, competitive intensity and the long-term monetisation opportunity.

For specific broker views, investors should consult their own Brokers or platforms such as Reuters, Bloomberg, the Financial Times, MarketWatch and Yahoo Finance UK.

Growth catalysts

Several catalysts could support Trustpilot’s Investment case. The first is continued ARR growth from existing and new customers, supported by upselling and product expansion. The second is leveraging AI to drive new product features and insights for businesses. The third is the ongoing share buyback, supporting per-share metrics.

Risks and uncertainties

Risks include competition from other reviews and trust platforms, regulatory scrutiny of online reviews and AI content, foreign exchange exposure (given USD reporting), and execution risk on product and AI initiatives. The lack of a dividend may also limit Demand from UK income-focused investors.

What investors should watch next

UK investors monitoring the Trustpilot share price and FTSE 350 news may want to track half-year and full-year results, ARR and bookings updates, buyback execution and AGM commentary. AI-related product launches, regulatory developments on online reviews and broader UK tech sentiment will also influence sentiment.

Conclusion

Trustpilot Group is one of the most distinctive UK-listed online reviews and SaaS-style platforms and a key FTSE 250 and FTSE 350 stock. FY2025 results show double-digit bookings and revenue growth, the $300m ARR milestone, sharply improved adjusted free cash flow and a £30m share buyback. Risks include competition, currency and the absence of a dividend, but the long-term reviews and AI opportunity is significant. For UK investors watching FTSE 350 share price news and UK tech stocks, Trustpilot is one of the most relevant names on the London Stock Exchange.