LSEG Posts Solid Income Growth in H1 2022

On Friday, the London Stock Exchange Group (LSEG) reported its interim results for the first half of 2022 (H1 2022). LSEG witnessed strong growth across key business segments in the mentioned period as total income and gross profit climbed significantly.

The total income, including recoveries, for the first half of 2022 came in at £3,735 million. Gross profit, on the other hand, touched £3,231 million, compared to £2,626 in the first half of 2021. According to the details shared by LSEG, pro-forma AEPS climbed by approximately 21% in the reported period.

“LSEG has delivered a strong first half performance with continued revenue growth across our businesses. We are managing costs well, and we continue to make progress on the achievement of synergies. We provide solutions solving critical issues for our customers, with a high proportion of recurring subscription revenues and structurally growing transactional revenues that benefit from volatility,” David Schwimmer, the Chief Executive Officer at LSEG, commented.

In the first half of 2022, London Stock Exhange Group expanded its global presence significantly through the acquisition of several technology firms. In May 2022, the company agreed to acquire MayStreet, a market data solutions provider. In February this year, LSEG announced its plan to acquire TORA, a leading cloud-based technology provider that supports customers trading multiple asset classes across global markets, in a deal worth $325 million.

Key Business Areas

LSEG witnessed strong growth across key business areas like Data & Analytics, Capital Markets and Post Trade. Revenues related to Data & Analytics touched £2,354 million.

“Our cash generation is allowing us to actively deploy capital across organic and inorganic investments, grow our dividend and commence a share buy-back program, driving further value for our shareholders. We are successfully executing on our strategy, have good momentum going into the second half and our targets remain unchanged,” Schwimmer added in the announcement.