IG Group Shares Plunge 25% After Lowering Revenue Targets
IG Group shares fell up to 25% on Friday after the firm slashed its 2026 revenue growth targets due to poor market conditions.
Shares of IG Group fell by as much as 25% on Friday morning after the London-based online trading firm lowered its 2026 revenue growth targets. The company now expects total revenues to grow by a mid-single-digit percentage for the year, a sharp decrease from its previous guidance of 10% to 15%.
Chief Executive Breon Corcoran attributed the slump to less supportive market conditions in the third quarter of 2026. These conditions caused revenue retention in the over-the-counter (OTC) division to drop from an 80% average to 70%. The firm expects total revenues of approximately £240 million for the quarter ending in September, marking a 14% year-on-year decrease.
Despite the revenue decline, the company reported a 25% year-on-year increase in organic first trades. The board stated it remains confident that current measures will structurally increase OTC revenue retention over the medium to long term, though it expects greater short-term variability.
