Key Takeaways
- • London Stock Exchange Group raised its 2026 outlook on October 22, 2026, after third-quarter organic constant-currency growth in total income excluding recoveries reached 8.8 percent.
- • LSEG agreed to acquire credit-data provider Octus for USD 3.535 billion, expanding its position in private and illiquid credit markets, according to LSEG's Q3 trading update.
- • LSEG now guides to at least 8.0 percent organic constant-currency income growth for 2026, 100 to 120 basis points of EBITDA margin expansion, and equity free cash flow of at least GBP 2.8 billion.
- • Octus is expected to generate more than USD 300 million in 2026 revenue at an adjusted EBITDA margin of about 40 percent; completion is expected in the first half of 2027, subject to regulatory approval.
Summary
London Stock Exchange Group raised its 2026 outlook on October 22, 2026, after third-quarter growth accelerated across its businesses, according to LSEG's Q3 trading update. Total income excluding recoveries rose 8.8 percent in the three months ended September 30, 2026, on an organic constant-currency basis. Markets led the divisions with 12.5 percent growth, followed by FTSE Russell at 10.2 percent, Risk Intelligence at 9.8 percent and Data & Analytics at 5.2 percent.
LSEG now expects organic constant-currency growth in total income excluding recoveries of at least 8.0 percent for 2026. The group also targets constant-currency EBITDA margin expansion of 100 to 120 basis points and equity free cash flow of at least GBP 2.8 billion.
Alongside the outlook, LSEG agreed to acquire Octus, a provider of credit intelligence, data and workflows for private, illiquid and distressed credit markets, for USD 3.535 billion. LSEG expects Octus to generate more than USD 300 million in revenue in 2026, with an adjusted EBITDA margin of about 40 percent. The company said the transaction is expected to be immediately additive to Data & Analytics organic revenue growth and supportive of its subscription-growth guidance for 2027. Completion is expected in the first half of 2027, subject to regulatory approval.
In market trading, the stock traded at 118.03 euros on Lang & Schwarz at 5:41:27 p.m. CET on November 4, 2026, a 3.51 percent increase from 114.03 euros in a report dated October 30, 2026. The primary source is a stock-focused article and the price figures are market data rather than company guidance.
LSEG now expects organic constant-currency growth in total income excluding recoveries of at least 8.0 percent for 2026. The group also targets constant-currency EBITDA margin expansion of 100 to 120 basis points and equity free cash flow of at least GBP 2.8 billion.
Alongside the outlook, LSEG agreed to acquire Octus, a provider of credit intelligence, data and workflows for private, illiquid and distressed credit markets, for USD 3.535 billion. LSEG expects Octus to generate more than USD 300 million in revenue in 2026, with an adjusted EBITDA margin of about 40 percent. The company said the transaction is expected to be immediately additive to Data & Analytics organic revenue growth and supportive of its subscription-growth guidance for 2027. Completion is expected in the first half of 2027, subject to regulatory approval.
In market trading, the stock traded at 118.03 euros on Lang & Schwarz at 5:41:27 p.m. CET on November 4, 2026, a 3.51 percent increase from 114.03 euros in a report dated October 30, 2026. The primary source is a stock-focused article and the price figures are market data rather than company guidance.
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