IG Group Reports Q3 FY23 Revenue of £758.4M, up 5% YoY

IG Group, a global online trading company providing CFDs and Forex, has released its revenue update for the third quarter of the financial year ending 31 May 2023 (FY23), which is for the three months to 28 February 2023 (Q3 FY23).

During the quarter, the broker has generated total revenue of £758.4 million, increasing 5 percent from Q3 FY22’s £722.7 million. This was mainly contributed to the significant growth in interest income. Active clients totaled 335,400 over the period, decreasing 5 percent on a yearly basis.

Specifically, the group's OTC derivatives business has produced £602.3 million revenue in Q3 FY23, dipping 1 percent over the last same period. Revenue derived from stock trading and investments business stood at £20.3 million, falling 10 percent year-over-year. Whereas, revenue from exchange traded derivatives business enjoyed a yearly increase of 52 percent to £135.8 million.

In January, IG Group unveiled total revenue for H1 FY23​ of £519.1 million, increasing 10% compared to £471.5 million in H1 FY22.