IG Group Q1 revenue drops 4% to £231.9m despite 3% customer growth and Freetrade boost; outlook and guidance unchanged.
IG Group Q1 revenue drops 4% to £231.9m despite 3% customer growth and Freetrade boost; outlook and guidance unchanged.
IG Group Holdings plc (LSE: IGG) reported weaker first-quarter results for fiscal 2026, with lower trading activity weighing on revenue despite continued growth in its customer base and momentum from its recent Freetrade acquisition.
The FTSE 250-listed firm said net trading revenue slipped 4% to £231.9 million, down from £242.1 million a year earlier, as “less supportive market conditions” dampened activity. Total revenue fell 7% year-on-year to £259.9 million, while net interest income dropped 24% to £28.0 million, reflecting softer interest rates and greater pass-through benefits to customers.
IG Group managed to expand its client base, with average monthly active customers rising 3% to 278,900. First trades surged 42% year-on-year to 23,900, reflecting improved onboarding and the contribution from Freetrade, the UK commission-free stock trading app IG acquired in April for £160 million.
Management reaffirmed full-year guidance for revenue and cash EPS, expressing confidence in meeting market expectations.
The Freetrade acquisition provided an immediate boost, contributing £6.5 million in net trading revenue and adding 460,200 active customers. Assets under administration across IG’s stock trading unit rose to £7.6 billion, including £3.0 billion from Freetrade.
Group stock trading and investments revenue climbed 38% organically, supported by Freetrade’s rollout of new products such as mutual funds. IG said the integration is progressing smoothly, with Freetrade retaining operational independence while benefiting from IG’s infrastructure.
Regional results highlighted diverging trends.
September proved active for IG Group, with several notable initiatives:
Despite revenue headwinds, IG’s ability to expand its customer base, integrate new acquisitions, and diversify geographically underpins its confidence in delivering on FY26 targets. Analysts expect the Freetrade acquisition and Independent Reserve deal to help broaden IG’s reach among younger retail investors and crypto traders, offsetting cyclical trading slowdowns in traditional derivatives markets.
Also, Stay Updated With The Latest Broker News.
XM is a global online broker that specializes in Forex and CFD trading. Headquartered in Cyprus, the company operates under the regulation of CySEC. It offers traders the opportunity to trade various financial instruments, including forex pairs, commodities, indices, and stocks.
eToro is a regulated online brokerage that offers trading of a wide range of trading instruments, including over 3,000 tradeable symbols, including CFDs, forex pairs, and exchange-traded securities, which can be traded through their eToro Investment Platform.
IC Markets is a licensed forex CFD broker, extending an opportunity for day traders, scalpers, and newcomers to engage in CFD trading. They furnish their clients with state-of-the-art trading platforms, high-speed connectivity with minimal delays, and exceptional liquidity.
Please drop your email below to get daily updates about what we do
FX Broker Tester is your guide to uncovering dependable Broker partners perfectly aligned with your needs in the financial markets. Identify the ideal match by exploring the meticulous evaluation conducted by our team of seasoned analysts. Via our platform, you gain entry to comprehensive broker reviews, rankings, detailed comparisons, the latest broker news, and a calendar of worldwide Forex events.
