LSEG FINANCIAL STATEMENTS

London Stock Exchange Group PLC — balance sheet, income statement and cash flow trends

LSEGLondon Stock Exchange Group PLC

🇬🇧 UK · LSE · Financial Services · Financial Data & Stock Exchanges

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue9.3 B £+11.1%

Gross Profit3.7 B £-26.9%

Operating Income2.2 B £+23.7%

EBITDA4.5 B £+15.4%

Net Income1.2 B £+64.1%

Peer Comparison· Financial Data & Stock Exchanges

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
LSEG	—	—	—	13.4%
VALU	—	—	—	65.0%
MTRKS	—	—	—	18.6%
MORN	—	—	—	16.1%
ASX	—	—	—	34.8%
MKTW	—	—	—	1.3%
Industry median	—	—	—	25.8%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2025

Equity19.8 B £2%
Current Liabilities3.3 B £0%
Long-term Liabilities771.1 B £97%

Key Figures

YoY change

Total Assets796.7 B £-1.0%

Total Liabilities774.5 B £-0.6%

Total Equity19.8 B £-16.9%

Cash & ST Investments4 B £+10.6%

Total Debt11.7 B £+20.8%

Net Debt7.8 B £+27.0%

Peer Comparison· Financial Data & Stock Exchanges

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
LSEG	229.64	59.2%	1.74	2.5%
VALU	4.07	2.4%	-13.38	71.4%
MTRKS	2.41	5.4%	-0.49	82.9%
MORN	1.03	187.2%	1.78	25.6%
ASX	1.20	293.1%	-0.75	24.4%
MKTW	0.30	-46.7%	-0.94	-6.1%
Industry median	1.20	59.2%	1.44	24.4%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
LSEG	229.64	59.2%	1.74	2.5%
NWG	0.25	17.0%	-14.68	5.2%
PRU	—	30.0%	-0.31	9.5%
STAN	0.13	155.9%	1.55	5.6%
LLOY	0.12	209.8%	5.39	5.0%
BARC	0.64	178.5%	-25.00	4.5%
Industry median	1.20	59.2%	1.44	24.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2025 · TTM

Key Figures

YoY change

Operating Cash Flow3.6 B £+22.5%

Capital Expenditures124 M £-88.6%

Free Cash Flow3.5 B £+86.8%

Dividends Paid-718 M £-217.5%

Peer Comparison· Financial Data & Stock Exchanges

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
LSEG	38.9%	37.6%	1.3%	290.0%
VALU	57.2%	57.2%	0.0%	87.9%
MTRKS	26.8%	2.8%	26.1%	144.1%
MORN	23.5%	17.4%	6.1%	146.5%
ASX	-1.9%	-13.3%	11.4%	-5.4%
MKTW	13.1%	13.1%	0.7%	1,014.0%
Industry median	38.4%	35.1%	3.5%	144.1%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
LSEG	38.9%	37.6%	1.3%	290.0%
NWG	—	—	0.0%	—
PRU	8.2%	7.8%	0.4%	57.2%
STAN	—	—	0.0%	—
LLOY	—	—	0.0%	—
BARC	46.0%	41.5%	4.6%	258.4%
Industry median	38.4%	35.1%	3.5%	144.1%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
LSEG	—	—	—	13.4%
NWG	—	—	—	20.1%
PRU	—	—	—	14.3%
STAN	—	—	—	11.8%
LLOY	—	—	—	25.9%
BARC	—	—	—	17.8%
Industry median	—	—	—	25.8%