Online trading group IG Group published its annual results on Thursday, reporting total revenue of £1.08bn for the year ending May 2025, up 9% year on year, with profit after tax rising 24% to £380.4m.
The growth was driven by net trading revenue, which climbed 12% to £942.8m. Net interest income fell 6% to £133.1m as lower rates and higher pass-through to customers reduced that income stream. Adjusted profit before tax rose 17% to £535.8m.
On costs, IG said it lowered organic fixed costs to serve per customer through digital servicing initiatives and reduced fixed remuneration after cutting headcount. The company also exited several underperforming ventures, including Spectrum, Brightpool, and its commercial operations in South Africa. Marketing spend rose as the company pursued stronger customer acquisition, and IT costs increased due to platform investment and a data-centre relocation.
Expansion across products and geographies
IG has been broadening beyond its core CFD business. During the year the company completed the acquisition of Freetrade, which contributed £4.8m to group revenue in its first two months. It also launched spot crypto trading in the UK in partnership with Uphold, rolled out zero-commission stock trading, and rebranded its US OTC business to tastyFX.
The US remained IG’s fastest-growing market. In a trading update on 16 December, the company said tastytrade delivered total net trading revenue of $65.3m for the quarter to November 2025, up 51% year on year. Organic net trading revenue for the group in that quarter rose 29%, with double-digit new customer growth.
IG said it obtained an FCA cryptoasset licence and an EU MiCA licence, and planned to expand its spot crypto offerings in calendar year 2026 across APAC, the Middle East, and Europe. The company also acquired Independent Reserve, an Australian cryptocurrency exchange, to accelerate its push into APAC crypto markets.
The company has said it expects to reach the midpoint of its guided mid-to-high single-digit organic revenue growth range in calendar year 2026.
