London Stock Exchange Group (LSEG) reported a strong Q1 2026 performance with record revenue, driven by robust trading volumes, subscription growth, and innovation. Key highlights include
**Record Revenue**Total income (excl. recoveries) grew by 9.8% organically, with all divisions contributing to the growth.
**Subscription Growth**Combined subscription businesses grew by 6.3%, with Data & Analytics, FTSE Russell, and Risk Intelligence all accelerating.
**Markets Division**Exceptional growth of 15.5%, fueled by increased trading volumes across multiple asset classes amid market volatility.
**LSEG Everywhere Strategy**Over 150 customers connected or onboarding to the MCP server, with AI tools in Workspace generating positive feedback.
**Innovation**Launched new products like TradeAgent, executed the first trade on the Private Securities Market, and announced LSEG DiSH for real-time settlement.
**Capital Allocation**Completed ยฃ1.1 billion in share buybacks in Q1, on track to return ยฃ3 billion by February 2027.
**Financial Guidance**Full-year revenue growth expected in the upper half of 6.5-7.5% range, with EBITDA margin improvement and strong equity free cash flow.
LSEGs performance reflects its strategic focus on data, AI, and innovation, positioning it well for continued growth in a dynamic market environment.
### Notes:
1. **Total Income (excl. recoveries)**: The table compares the financial performance of key segments between Q1 2025 and Q1 2026, showing both reported and organic constant currency growth rates.
2. **Debt**: The leverage ratio is expected to remain around the middle of the 1.5-2.5x operating net debt to EBITDA target range by the end of 2026, indicating stable debt management.
3. **HTML Table**: The table is structured to highlight year-on-year changes in financials and debt, with clear headers and bolded totals for emphasis.