IG Group Records Strong Revenues for Q1 FY22

Today, IG Group released a revenue update for the three months ended 31 August 2021 (Q1 FY22). The global leader saw decent growth in revenues during this period.

According to official figures, IG’s adjusted net trading income increased 6% to £221.7 million in the first quarter of FY22. The new quarter saw 287,200 active clients.

Active traders increased by 12% in Q1 FY22 when compared to the previous year. In the last twelve months, IG Group has seen significant growth in its total number of active clients.

Overall income increased by nearly 7%. However, IG Group’s Core Markets+ revenue fell by roughly 4% in the most recent quarter. In Q1 FY22, the amount was £192.1 million, compared to £199.9 million in Q1 FY21.

According to IG Group, the revenue for the quarter was £227.5 million. Adjusted net trading revenue for the first quarter of the fiscal year 2021 (Q1 FY21) was £221.7 million, or 97% higher than in Q4 2016, when it stood at £109.0M). 

The latest figures also represented an increase over last year’s corresponding period, which saw adjusted net-trading revenue register 94%.

Tastytrade

This year, IG Group completed the purchase of Tastytrade. In a press release issued today, IG Group highlighted the positive influence of the most recent acquisition on the company’s earnings.

Tastytrade once again delivered another outstanding quarter of revenue. Since closing, it has generated £20.8 million in revenue, which is 4% lower than the first quarter of FY21 despite expected market conditions slowing trading volumes.

Excluding Tastytrade, adjusted net trading revenue for the fourth quarter was £200.9 million in Q4 2018, almost 5% lower than last year. It’s a significant drop that cannot be easily explained by fluctuations of exchange rates or any other factor we’ve looked into so far!

The strong business performance in the quarter is attributed to the Group’s large and high-quality active client base. The IG Group is confident in meeting its mid-term objectives for the Core Markets+ and High Potential Markets portfolios.

Last week, IG Prime announced a collaboration with Centroid Solutions to provide the most comprehensive prime brokerage platform for the financial services industry.

Brokers and investors received the news with enthusiasm. They were excited at what this joint venture means for their businesses regarding increased efficiency and accessibility.