IG Group’s Active Clients in FY22 Jump 31%, Revenue and Profit Hit Record

IG Group, a financial broker listed in London, today released its results for the financial year ended 31 May 2022 (FY22). The broker generated record revenue and profit during the year.

According to the results, IG Group's net trading revenue reached £972.3 million in FY22, which is 16% higher compared to £837.3 million in FY21. The company's total revenue was up 16% to £973.1 million from last year's £837.6 million.

The total number of active clients touched 381,500 in FY22, a 31% jump compared to the last financial year. In FY21, the company reported 291,200 active clients.

IG Group saw an increase in profit before taxation as the number reached £477.0 million, which is 7% higher compared to FY21. Adjusted profit before taxation was up 4% to £494.3 million, while adjusted profit before tax margin was 51%.

June Felix, Chief Executive Officer, commented:"This year's record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing shifts towards self-directed investing. We are now operating on an entirely new scale."

"Overall, our results this year showcase that we are acting decisively and thoughtfully to support our key stakeholders today and tomorrow. The strides we have made in the last few years have laid a solid foundation and I look forward to building on that in the coming year,"Felix added.