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Highlights

  • LSEG’s total income rose 6.8% YoY to GBP 4,489 million in H1 FY25.
  • Adjusted operating profit increased 10.4% to GBP 1,726 million.
  • Dame Elizabeth Corley appointed Non-Executive Director effective 1 December 2025.

London Stock Exchange Group PLC (LSE:LSEG) is an FTSE 100-listed company offering financial markets infrastructure and data services worldwide. The company operates across five main divisions. Its Data & Analytics division provides market data and infrastructure solutions through three segments: Workflows, Data & Feeds, and Analytics.

LSEG’s total income excluding recoveries for H1FY25 stood at GBP 4,489 million, compared to GBP 4,204 million in H1FY24, representing a 6.8% year-on-year increase. Adjusted EBITDA was GBP 2,223 million, up 9.0% from GBP 2,040 million in the prior period. Adjusted operating profit rose by 10.4% to GBP 1,726 million from GBP 1,563 million a year earlier. Revenue growth was supported by organic expansion across all business lines, with markets up 10.7% and Data & Analytics up 5.1%. The increase in adjusted EBITDA reflected operating leverage from higher subscription revenues and the transition of engineering capabilities in-house.

Business Update

On 25 September 2025, the company announced the appointment of Dame Elizabeth Corley, CBE, to its Board as a Non-Executive Director. This follows the statement issued on 30 May 2025. Her appointment would take effect from 1 December 2025.

Outlook
The company has raised its margin guidance to an increase of 75 to 100 basis points, compared to the earlier range of 50 to 100 basis points, reflecting improved profitability and continued cost control. Divisional growth momentum is expected to continue into the second half of FY25. Product launches will remain a focus, with planned enhancements to Workspace and the introduction of new data solutions in partnership with Microsoft to broaden AI-driven analytics and DaaS capabilities.

Healthy free cash flow and balance sheet capacity support the additional GBP 1 billion share buyback and ongoing dividend growth, while also providing flexibility for selective inorganic investments aligned with the company’s strategic focus on data and risk capabilities.

Top 10 Shareholders

The top 10 shareholders of LSEG collectively account for approximately 37.72% of the total shareholding. Among them, Qatar Investment Authority and BlackRock Investment Management (UK) Ltd. hold the largest stakes, at around 6.05% and 5.69%, respectively.

Stock Information

As of the closing price of 6 October 2025 (GBX 8,576), over the past three months, the stock has declined approximately 20.59%, and over the six-month period, 16.93%. The stock has a 52-week low of GBX 8,094.00 and a 52-week high of GBX 12,185.00 and is currently trading below the average of this range.

Note 1: Past performance is not a reliable indicator of future performance.
Note2: The reference data for all price data, currency, technical indicators, support, and resistance levels Is 6 October 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.