London Stock Exchange Group (LSEG) has unveiled a robust set of financial results for 2024, surpassing market expectations and cementing its status as a leader in global financial data and analytics.
Total income, excluding recoveries, saw a significant increase of 7.7% in 2024, with growth spread across various divisions, as reported by .
Notably, income from the firm's flagship data business rose by 4.5%. Additionally, the FTSE Russell arm posted a 10.9% gain, risk intelligence jumped by 11.3%, and capital markets experienced a substantial surge of 17.8%.
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LSEG also reported a 9.1% rise in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA), alongside £2.2bn in equity free cash flow.
David Schwimmer, Chief Executive, highlighted the firm's focus on product innovation, stating: "We have delivered on our strategy in 2024, with strong performance across the group, an exceptional year for tradeweb, and significant advancements in our Microsoft partnership."
He added, "Our model continues to drive consistent growth and improved profitability."
A key milestone in LSEG's strategic partnership with Microsoft was reached, as their first co-developed products are now live, with a strong pipeline of projects in the works for 2025.
The firm also bolstered its portfolio by increasing its stake in the London Clearing House (LCH) group by 11.6%, taking ownership to 94.2%.
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Furthermore, it divested its 4.92% stake in Euroclear. Despite its shift towards data and analytics, the London Stock Exchange Group (LSEG) has been under scrutiny due to the diminishing role of the flagship London Stock Exchange, which now accounts for a mere three per cent of group revenue.
The company has attempted to address these concerns by advocating reforms to bolster London's status as a financial centre. Looking forward, LSEG predicts a minimum of 6.5 per cent organic growth in total income for 2025, while anticipating £2.4bn in equity cash flow.
Moreover, LSEG has pledged to return £500m in buybacks by July 2025.