IG Group Holdings Full Year 2024 Earnings: Revenues Disappoint

IG Group Holdings (LON:IGG) Full Year 2024 Results

Key Financial Results

• Revenue: UK£954.5m (down 5.8% from FY 2023).
• Net income: UK£307.7m (down 15% from FY 2023).
• Profit margin: 32% (down from 36% in FY 2023).
• EPS: UK£0.79 (down from UK£0.87 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IG Group Holdings Revenues Disappoint

Revenue missed analyst estimates by 10%. Earnings per share (EPS) was mostly in line with analyst estimates.

In the last 12 months, the only revenue segment was Brokerage contributing UK£954.5m. Notably, cost of sales worth UK£516.6m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to UK£83.1m (64% of total expenses). Explore how IGG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are up 5.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on IG Group Holdings' balance sheet.

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