IG Group stock fell 22.60 percent as guidance was cut

Published on 10/04/2026 at 22:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IG Group stock faced a Q3 revenue forecast of GBP 240 million on October 2, down 14 percent year over year. 2026 growth guidance shifted to mid-single digits.

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IG Group stock (ISIN GB00B06QFB75) was last at GBp 990 on October 2, 2026, down 22.60 percent on the London Stock Exchange. The company cut its 2026 revenue-growth outlook after weaker over-the-counter revenue retention weighed on its third-quarter trading update, published by IG Group on October 2, 2026.

Revenue outlook moves lower

For Q3 2026, IG Group expects total revenue of GBP 240 million, down 14 percent from GBP 280.1 million in Q3 2025. Net trading revenue is expected at GBP 210 million, compared with GBP 249.5 million a year earlier, according to IG Group.

The revised 2026 outlook now calls for total revenue growth in a mid-single-digit percentage range, compared with previous guidance of 10 percent to 15 percent. The immediate pressure came from OTC revenue retention of 70 percent in Q3, below the 80 percent average since the market-making measures began in the second half of 2025.

Customer activity offers a counterpoint

The operating picture is not uniformly negative. Organic first trades rose more than 25 percent year over year in Q3 2026, while organic active customers increased 17 percent, and OTC customer income grew 8 percent, figures reported in IG Group.

IG also said its Underdog business generated Q3 2026 net revenue of USD 105 million, more than double the year-earlier figure. Excluding non-recurring costs and expenses linked to the Underdog acquisition, the 2026 EBITDA margin is expected in the low-40s percentage range.

Analyst target remains above the price

MarketBeat reported a Moderate Buy consensus from four analysts, with an average price target of GBp 1,550. The published targets run from GBp 1,100 to GBp 2,000, putting the average target 36.1 percent above the GBp 990 price. Peel Hunt separately reaffirmed a Hold rating and a GBp 1,100 target in a research note issued on October 2, 2026.

IG Group stock stays near its yearly low

IG Group stock was last at GBp 990 on October 2, 2026, at 5:08 p.m. BST. Its 52-week range was GBp 930.50 to GBp 1,956, while market capitalization stood at GBP 3.3 billion on the same date.