IG Group schedules strategy update. October 22 tests IG Group stock
Published on 10/18/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGuidance meets the strategy date
- IG Group expects Q3 2026 revenue of GBP 240.00 million on October 2, 2026.
- UBS cut its target to GBp 1,425.00 from GBp 1,700.00 on October 6, 2026.
- IG Group had a market capitalization of GBP 3.3 billion as of October 16, 2026.
IG Group (ISIN GB00B06QFB75) expects total revenue of GBP 240.00 million in the third quarter of 2026, down 14.00 percent year on year, according to the Investegate publication of October 2, 2026. The company is due to provide more detail on October 22, when it will hold its strategy update and discuss the Underdog business.
Guidance resets the operating picture
The Q3 update changed the near-term revenue profile while customer activity continued to expand. IG Group said organic first trades rose over 25.00 percent year on year and active customers increased 17.00 percent in Q3 2026, figures that contrast with the lower revenue retention in over-the-counter derivatives.
The same announcement put OTC revenue retention at 70.00 percent in Q3 2026, compared with 80.00 percent averaged since the market-making measures introduced in the second half of 2025. The company expects 2026 total revenue growth in the mid-single-digit percentage range and an EBITDA margin in the low-40s percentage range, excluding specified non-recurring and acquisition costs.
What does the target cut signal?
UBS retained its buy rating but reduced its price target to GBp 1,425.00 from GBp 1,700.00 on October 6, 2026, as Proactive reported. The broker linked the weaker outlook to lower OTC retention, while describing the market reaction as an overreaction and pointing to a possible recovery in the core business.
Three dates define the next test
On July 30, 2026, IG agreed to acquire Underdog as part of its expansion in US prediction markets, while the company serves more than 1.4 million customers worldwide, according to IG Group. On October 2, 2026, IG disclosed the GBP 240.00 million Q3 revenue expectation and the revised mid-single-digit growth outlook. On October 15, 2026, an investor update reported that Underdog generated USD 105.00 million of Q3 net revenue, up 118.00 percent year on year, according to Quartr.
Dates investors can mark
IG Group's next substantiated event is the strategy update on October 22, 2026, scheduled from 2:00 p.m. to 4:00 p.m. BST. The company also scheduled an Underdog seminar for October 8, 2026, which preceded the strategy presentation and provided a dedicated review of the acquisition.
Market value and strategy
IG Group had a market capitalization of GBP 3.3 billion as of October 16, 2026. The combination of a 14.00 percent Q3 revenue decline and more than 25.00 percent growth in first trades leaves retention and customer conversion as the key operating measures for the October 22 presentation. The further course of trading is shown by the continuously updated real-time quote of IG Group stock.
IG Group stock facts
- Company: IG Group Holdings plc
- ISIN: GB00B06QFB75
- Ticker: IGG.L
- Primary exchange: LSE
- Market capitalization: GBP 3.3 billion (as of October 16, 2026)
- Sector / Industry: Financials / Capital Markets
- Index membership: FTSE 100
Market context: Market report FTSE 100.
