LSEG Delivers 16.2% Jump in Total Income During Q3 2022

London Stock Exchange plc today released its financial results for the third quarter of 2022, showing that the exchange achieved strong growth across all divisions.

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Q3 2022 highlights

• ​Strong growth continues across all divisions: total income excluding recoveries up 16.2% on a reported basis, to £1,905m. Up 5.9% on a constant currency basis, and up 7.0% adjusting for Ukraine and Russia conflict impact

• ​High-quality recurring revenue: like-for-like ASV growth continues to improve, up 5.8% in Q3 (up 280 basis points since Refinitiv acquisition in Q1 2021); driven by new sales and improved retention

• ​Continued good progress on integration: revenue and cost synergies in line with targets

• Active capital management:

- TORA acquisition completed, enhancing Trading & Banking Solutions in Data & Analytics; provisional clearance achieved for Quantile acquisition, expected to complete in Q4

- Share buyback: £235 million returned in Q3

David Schwimmer, CEO said:"We have delivered another strong quarter, with good growth across all businesses. The consistency of delivery in recent quarters demonstrates the strength of our business model, generating quality recurring revenues from a range of services that are highly valued by our customers."

"Our strategy is working, delivering growth and increasing efficiency. We are investing organically for growth and completed the acquisition of TORA during the quarter to strengthen our offering in Trading & Banking. We are also making good progress on returning surplus capital to shareholders through our share buyback programme,"David added."With sustained execution, a broad base of businesses and leading market positions, we remain well positioned."