IG Group reports strong third-quarter FY25 results
IG Q3 revenue hits £268M
IG Group Holdings plc reported stable financial results for the third quarter of the 2025 fiscal year, showing a 12% year-over-year revenue increase to £268 million. This also represents a 10% rise compared to the previous quarter, supported by strong client activity and favorable market conditions.
According to the company's report, trading revenue increased to £235.3 million, up 15% compared to the third quarter of 2024 and 12% higher than in the second quarter of FY2025. The growth was driven by higher revenue per client and increased engagement across key trading products.
Growth across segments and decline in net interest income
Revenue from over-the-counter (OTC) derivatives rose by 14% year-over-year to £185.9 million, while exchange traded derivatives generated £41.7 million — up 18% from the same quarter last year. Stock trading and investments delivered the highest relative growth, increasing by 32% to £7.7 million compared to Q3 FY24.
At the same time, net interest income declined by 7% year-over-year to £32.7 million, due to lower interest rates and stable client money balances, which totaled £3.8 billion as of 28 February 2025.
Client activity and record performance by tastytrade
Client activity also remained strong: the number of active clients rose by 2% year-over-year and 5% quarter-over-quarter, reaching 272,700. The number of first trades increased across all product categories, driven by effective marketing campaigns, expanded product offerings, and heightened market volatility.
The company highlighted that tastytrade, IG’s US-based subsidiary, delivered record trading revenue of $50.9 million, a 30% increase year-over-year. In GBP terms, revenue rose 32% to £40.8 million.
Year-to-date results, Freetrade acquisition and share buyback
Since the beginning of the fiscal year, total revenue reached £790.5 million, marking an 11% increase compared to the same period last year. Trading revenue climbed to £687 million (up 13%), with exchange traded derivatives up 21% and stock trading and investments up 24%.
IG also confirmed that the Freetrade acquisition process is progressing as planned, with key antitrust and corporate approvals secured. The deal is now expected to close in April 2025.
In addition, the company expanded its share buyback programme by £50 million to £200 million, and plans to improve capital flexibility by reducing its share premium and merger reserves — a move aimed at increasing distributable reserves without affecting overall equity.
It is worth noting that IG Group had earlier reported an 11% revenue growth for the first half of FY2025.
