IG Group released its trading update for the three months ending 31 August 2025, covering the first quarter (Q1) of its fiscal year 2026 (Q1 FY26).

The group reported net trading revenue of £231.9 million, down 4% year-on-year and 8% quarter-on-quarter. The decline was due to lower trading activity in less supportive market conditions, which offset strong retention of over-the-counter (OTC) customer income. Despite this, average monthly active customers rose 3% compared with the prior year and remained stable from the previous quarter, while first trades increased 42% year-on-year, reflecting improved marketing effectiveness and strategic initiatives to broaden product appeal.

IG Group Reports Q1 FY26 Trading Update Amid Strategic Growth

tastytrade continued its growth trajectory, delivering net trading revenue of $54.7 million, up 16% from the previous year and 5% from the prior quarter. On a reported GBP basis, revenue reached £40.7 million, marking an 11% year-on-year increase. Net interest income declined 24% to £28.0 million, reflecting lower interest rates and greater pass-through to customers, while customer cash balances increased to £4.7 billion. Total revenue for Q1 FY26 stood at £259.9 million, down 7% both year-on-year and quarter-on-quarter.

The Group’s acquisition of Freetrade, completed on 1 April 2025, sustained rapid growth in the first quarter. Pro forma net trading revenue reached £6.5 million, up 32% year-on-year, while total revenue rose 27% to £8.0 million. Assets under administration in IG’s stock trading and investments business increased to £7.6 billion, with £3.0 billion attributable to Freetrade.

IG also announced the agreement to acquire Australian cryptocurrency exchange Independent Reserve, accelerating its entry into the Asia Pacific crypto market. Completion is expected in early 2026, subject to regulatory approvals.

Additionally, the group launched a £125 million share buyback program on 4 September 2025, with 1.5 million shares repurchased at a cost of £16.8 million to date. IG continues to expect FY26 performance in line with market expectations for total revenue and cash EPS, with net interest income projected at around £100 million.

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