Loading…
← CockpitCompetitor Analysis › IGG.L IG Group Holdings plcOpen in the cockpit ↗

IG Group Holdings plcIGG.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Financials›Investment Banks/Brokers

UK online trading platform offering retail clients CFDs, spread betting, forex and share dealing across global markets.

≈ A leveraged-trading version of Interactive BrokersMomentum laggard 3
Mkt cap
$4.23B
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$19.9M
20-day average traded
Fwd P/E
8.7×
forward earnings
ROIC−WACC
n/a
WACC 8.7%
Hurdle
n/a
no reverse DCF
Next earnings
265 days
29 Jul 2027
Close · GBP£936.00
1D-1.4%
1W-0.2%
1M-2.8%
3M-31.2%
6M-38.5%
YTD-28.8%
1Y-15.8%
ATR %3.9%
52w lowhigh52.1% off high

What IG Group Holdings plc does

UK online trading platform offering retail clients CFDs, spread betting, forex and share dealing across global markets.

Earns by quoting prices on markets and keeping the spread or a commission on clients' trades, so revenue follows trading activity and volatility rather than account balances. Clients trade with borrowed money through CFDs (contracts for difference) and spread bets, which UK and European regulators have restricted, so rule changes are a central risk.

In one line: A leveraged-trading version of Interactive Brokers.

Products and services

  • CFD trading
  • Spread betting
  • Forex trading (tastyfx/Forex.com)
  • Share dealing/investing

Customers

  • Retail traders globally
  • Some institutional traders

Where it sits in the supply chain

  • Financial services
  • Online trading/brokerage
  • CFDs, spread betting, forex

What could go right

  • Retail trading-volume growth in volatile markets
  • US derivatives/futures expansion

What could go wrong

  • Regulatory restrictions on leverage/CFDs
  • Client trading-volume cyclicality

Moat: narrow (brand, scale, regulatory licence). Regulatory licences across many jurisdictions and platform scale create barriers, though client acquisition costs are high.

Headquarters: London, UK · Founded: 1974 · Employees: 2,354

Named competitors

IG Group Holdings plc at a glance

Size IG Group Holdings plc (IGG.L) is a United Kingdom Financials company (Investment Banks/Brokers) with a market value of $4.23B, the 104th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £936.00 on 6 Nov 2026.

Performance Over six months the shares fell 38.5%, against -12.0% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 15.7% over the last twelve months (peer median +9.2%); the operating margin is 39.8% (peer median 32.1%).

Valuation It trades at 8.7× forward earnings against a peer median of 14.6× (6th cheapest of 18).

Next results Next results expected around 29 Jul 2027 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 2026Peer median 87IGG.L 62
Six months, rebased to 100: IG Group Holdings plc against the median of its 20 peers (local-currency closes).

IG Group Holdings plc financials

Reported figures in GBP; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2023FY2022FY2021
Revenuen/a£1.16B£1.00B£1.04B£994M
Revenue growth—+16%-4%+5%—
Gross profitn/a£1.02B£876M£923M£923M
EBITDAn/a£525M£444M£500M£544M
Net incomen/a£501M£308M£365M£396M
Free cash flown/a£226M£414M£181M£696M
Capital expendituren/a£4.30M£17.5M£26.2M£17.5M
Total debtn/a£598M£322M£318M£319M

Quarterly statements and history in the cockpit →

IG Group Holdings plc competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%601990601696XTB000728600109600369MC002673PJT601236LAZ016360BGC071050039490600909IGG.L6-month return →1-month return →
Up and to the right = strong over both horizons. IG Group Holdings plc is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×20×40×60×601990601696XTB000728600109600369MC016360BGC601162071050039490600909IGG.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. IG Group Holdings plc is the large dot.

IG Group Holdings plc competitors and peer comparison

Head to head with its named competitors (IGG.L vs CMCX.L vs PLUS.L vs XTB.WA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
IG Group Holdings plc IGG.L$4.23B-38%+16%40%8.7×n/a
CMC Markets CMCX.L$2.54B+79%+16%27%10.5×n/a
Plus500 PLUS.L$3.12B-26%+3%41%10.4×n/a
XTB Spolka Akcyjna XTB.WA$3.98B+22%+63%48%9.6×n/a
Interactive Brokers IBKR$129B-10%+16%87%23.9×n/a

How IG Group Holdings plc compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

IG Group Holdings plc against its 20 peers (data as of 6 Nov 2026)
MeasureIGG.LPeer medianRank in peer set
1-month return-2.8%-2.9%11th highest of 21
6-month return-38.5%-12.0%3rd lowest of 21
Distance from 52-week high-52.1%-29.1%4th lowest of 21
Revenue growth (TTM)+15.7%+9.2%8th highest of 21
Operating margin39.8%32.1%6th highest of 21
Forward P/E8.7×14.6×6th cheapest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
IG Group Holdings plc IGG.LUnited Kingdom$4.23B-38%+16%40%8.7×n/an/a
Nanjing Securities 601990.SSChina$4.30B-11%-9%37%24.1×n/an/a
BOC International (China) 601696.SSChina$4.37B-16%+6%35%24.7×n/an/a
XTB Spolka Akcyjna XTB.WAPoland$3.98B+22%+63%48%9.6×n/an/a
Guoyuan Securities 000728.SZChina$4.53B-6%-23%34%10.3×n/an/a
China Great Wall Securities 002939.SZChina$4.53B-16%-5%35%n/an/an/a
Sinolink Securities 600109.SSChina$4.60B-7%+10%30%11.8×n/an/a
Southwest Securities 600369.SSChina$3.90B-8%-13%27%20.6×n/an/a
Moelis & MCUnited States$4.62B-13%+14%18%16.9×n/an/a
Piper Sandler Companies PIPRUnited States$4.65B-19%+20%21%14.6×n/an/a
Western Securities 002673.SZChina$3.83B-14%-2%29%n/an/an/a
PJT Partners PJTUnited States$3.80B-4%+10%21%18.0×n/an/a
Hongta Securities 601236.SSChina$4.72B-11%-4%39%26.8×n/an/a
Lazard LAZUnited States$3.74B-20%+9%11%16.7×n/an/a
SamsungSecu 016360.KSSouth Korea$4.87B-31%+19%71%4.0×n/an/a
BGC BGCUnited States$4.89B-8%+28%9%7.1×n/an/a
Tianfeng Securities 601162.SSChina$4.91B-9%-20%3%65.0×n/an/a
J-Yuan Trust 600816.SSChina$3.50B-18%+139%13%n/an/an/a
KIH 071050.KSSouth Korea$5.15B-49%+100%51%2.4×n/an/a
Kiwoom 039490.KSSouth Korea$3.48B-53%+100%41%2.9×n/an/a
Huaan Securities 600909.SSChina$5.17B+23%-18%121%6.2×n/an/a

Questions

Who are IG Group Holdings plc's main competitors?
Named competitors: CMC Markets (CMCX.L), Plus500 (PLUS.L), XTB (XTB.WA), Interactive Brokers (IBKR), Saxo Bank (private or unlisted). The cockpit's measured peer set (industry) also includes Nanjing Securities (601990.SS), BOC International (China) (601696.SS), XTB Spolka Akcyjna (XTB.WA), Guoyuan Securities (000728.SZ), China Great Wall Securities (002939.SZ), Sinolink Securities (600109.SS).
Is IG Group Holdings plc expensive compared with its peers?
On forward p/e it trades at 8.7× against a peer median of 14.6×, 6th cheapest of 18 in its peer set.
How has IG Group Holdings plc stock performed?
Over six months to 6 Nov 2026 the shares returned -38.5% against -12.0% for the median peer; over one year -15.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.