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IG Group Holdings

IGG.L
43
Financial - Capital Markets · Financial Services
Price
1,334.00 GBp
+32.00 (+2.46%)
Market Cap
£4.40B
Exchange
London Stock Exchange
Winston Score
43
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Mixed
Cash Flow
Data not available
Stability
Good
Valuation
Good
Dividends
Strong

Share count falling — buybacks

18.8% over 3y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 429.9M (2022) → 349.0M (2025)

Winston Score History

The full picture

IG Group is a UK-based financial services company that lets everyday people and professional traders bet on the price movements of stocks, currencies, commodities, and other assets — without actually owning them. Its main products are contracts for difference (CFDs) and spread bets, which are tools that let customers profit (or lose) based on whether prices go up or down. IG is one of the largest retail derivatives brokers in the world.

The company makes money by charging a small spread — the difference between the buy and sell price — on each trade its customers place, along with some fees and overnight financing charges. IG operates across the UK, Europe, Australia, the US, and parts of Asia, serving hundreds of thousands of active clients. Its brand recognition, regulatory licenses in multiple countries, and deep liquidity give it a durable competitive position, but its biggest ongoing risk is tighter financial regulation, since regulators in Europe and Australia have already moved to limit leverage available to retail traders.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
83.2%
Premium pricing power — 83.2% gross margin
Profit after running costs
Operating Margin
36.0%
Excellent — 36.0% operating margin
Return on the money invested
ROCE
9.8%
Below par — 9.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.30
Conservative — low debt load (0.30)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
12.5x
Attractive valuation — P/E 12.5

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-0.1
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
3.60%
Moderate income — 3.60% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+20.0%
Dividend growing fast (20.0% YoY)

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