IG Group Shares Hit Record After Guidance Raise

London Closing Price Sets a New Record

London, United Kingdom, May 19, 2026 — IG Group’s shares listed on theLSEclosed at 1,742 pence, up nearly 11% from the previous trading day, setting the highest closing price since the company’s listing. The rally came after the company released a trading update at its annual general meeting, showing that organic total revenue reached £331.2 million for the three months ended March 31, 2026, up 19% year on year, while the company raised its 2026 organic total revenue growth guidance to 10%–15%.

Sources: IG Group“AGM Trading Update”, May 19, 2026; MarketWatch/Dow Jones“IG Group Shares Hit All-Time High on Guidance Raise”, May 19, 2026; Reuters“UK's IG Group raises forecasts as market volatility boosts trading, shares rise”, May 19, 2026; Finance Magnates and FM Intelligence, May 20, 2026.

“We delivered a strong first quarter. Disciplined strategy execution, a broader product offering, and favourable trading conditions drove organic revenue growth and delivered a fifth consecutive quarter of sequential growth in active clients. As commercial momentum accelerates, we are raising our 2026 guidance and medium-term outlook.”

Key Figures Disclosed on the Announcement Day

• Organic total revenue was £331.2 million, up 19% year on year and 15% higher than the three months ended December 31, 2025.

• Organic continuing net trading revenue was £306.5 million, up 25% year on year and 17% quarter on quarter.

• Organic first trades increased 63% year on year, while organic active clients rose 12% year on year.

• Net interest income was £24.7 million, down 22% year on year. The company said this change was related to lower interest rates and the pass-through of more interest to clients.

• Assets under administration on the group’s platform reached £19.3 billion as of March 31, 2026, and increased to £20.7 billion as of April 30, 2026.

Key Milestones Since March

From Preliminary Estimate to Formal Update

When IG Group released its full-year results in March 2026, it had expected reported revenue for the three months ended March 31, 2026, to be around £300 million. The formal data released on May 19 came in above that preliminary estimate, with reported total revenue reaching £339.9 million and organic continuing total revenue reaching £331.2 million. The market reaction focused on two points: first, actual quarterly revenue was clearly higher than previous expectations; second, the board no longer used only a high-single-digit growth description, but instead provided a full-year organic growth range of 10%–15%.

1. In March 2026, the company first gave a first-quarter revenue estimate of around £300 million and said growth was close to the upper end of its previous target range.

2. In May 2026, the company confirmed that first-quarter organic total revenue reached £331.2 million, showing that actual performance exceeded the preliminary estimate.

3. On the same day, the board revised its 2026 organic revenue growth expectation to 10%–15% and raised its medium-term organic revenue compound annual growth expectation beyond 2026 to at least 10%.

Share Price Upside Points to Long-Term Targets

The guidance upgrade also changed how external observers view IG Group’s 2028 targets. In an April 9, 2026 compensation analysis, Finance Magnates disclosed that theLTIPtargets for Chief Executive Officer Breon Corcoran and Chief Financial Officer Clifford Abrahams included 2028 revenue thresholds, with a minimum vesting threshold of £1.226 billion and a maximum vesting target of £1.513 billion, corresponding to a compound annual growth rate of around 11.4%.

Under the new framework announced on May 19, IG Group raised its organic total revenue compound growth target beyond 2026 to at least 10%. This means the gap between management’s public targets and the LTIP maximum revenue target has narrowed, although the maximum vesting target still requires revenue, client growth, and product expansion to be delivered over multiple subsequent years.

Different Metrics for Trading Volume and Account Data

Finance Magnates, citing broker tracking data fromFM Intelligence, said IG Group’s average monthly trading volume in the first quarter of 2026 was around $1.65 trillion, while active accounts stood at about 173,000, higher than approximately 149,000 in the fourth quarter of 2025. This statistical methodology differs from IG Group’s definition of monthly active clients in its announcement, so it is more suitable as an industry tracking indicator and should not directly replace the company’s financial reporting metrics.

• The company’s announcement focuses on organic continuing revenue, first trades, monthly active clients, and assets under administration.

• The FM Intelligence methodology focuses on trading volume and active accounts, making it useful for comparing trading activity among brokers.

• Together, the two sets of data show that IG Group’s first-quarter growth did not come from a single revenue item alone, but was jointly driven by client acquisition, product expansion, and the trading environment.

Strategic Review Remains the Next Disclosure

IG Group’s board announced a strategic review on March 19, 2026. The scope of the review includes acquisitions, the company’s domicile and listing venue, and the possibility of combining parts of the business with other industry participants. Reuters reported on the same day that company management viewed the United States as one possible option, but no decision had been made.

In its May 19 trading update, the company reiterated that the results of the strategic review would be announced in a strategic update in autumn 2026. Interim results for the six months ending June 30, 2026, are scheduled to be released on July 31, 2026. After the share price reached a record high on May 19, the market’s next focus will be whether interim results continue the first-quarter momentum and whether the autumn strategic update involves capital markets arrangements.

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