LSEG Annual Report 2022

Partnering with our customers at every stage of the trade lifecycle.

Our purpose

Driving financial stability, empowering economies and enabling customers to create sustainable growth.

We continue to successfully execute on our multi-year integration of the Refinitiv business, which is proving transformational for the Group.

Don Robert

Chair
Many of our product offerings sit deep within customer workflows and we provide the valuable data and services needed to help them navigate uncertainty. As a result, LSEG is well-positioned in the current climate.

David Schwimmer

Chief Executive Officer

Pro-forma Highlights

  • total income (excl. recoveries)
    £7,428m
    Up 6.6% (excl. Ukraine/Russia)
  • Adjusted EBITDA
    £3,550m
    Up 6.0%
  • Adjusted EBITDA margin
    47.8%
    110 bps of underlying improvement in 2022
  • Adjusted EPS
    318p
    Up 17%
  • Annual Subscription Value Growth
    +6.2%
    Up 160 bps vs Dec 2021 (excl. Ukraine Russia)
  • Total dividend
    107p
    Up 13%

Who we are

LSEG is a leading global financial markets infrastructure and data provider. We play a vital social and economic role in the world’s financial system. With our trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities.

Our business model

We operate across the breadth of the financial markets value chain, from issuance and investment decision making, through to trade execution, clearing and post trade reporting.

The diagram is a visual representation of our business model, showing the continuous flow from capital formation to capital deployment which are part of capital markets through to capital optimisation and risk management with is part of post trade to data & analytics and back to capital formation.

Data and Analytics

Providing crucial insight to customers through a variety of data, indices, analytics and workflow solutions.

Capital deployment

Through primary markets operated by London Stock Exchange.

Capital formation

Through our trading venues and across asset classes, including FX, fixed income and equities.

Capital optimisation

Clearing and reporting services through LCH and Regulatory Reporting, as well as innovative post-trade solutions.