LSEG Annual Report 2023: Partnering to transform our industry
Our purpose and strategy
Our purpose
Driving financial stability, empowering economies and enabling customers to create sustainable growth.
Our strategy
Our long-term strategy builds on our strengths, as we invest in solutions and services that can adapt and scale in evolving global financial markets. We are:
- Globally essential – delivering critical infrastructure and insight to customers required for the efficient running of financial markets.
- Multi-asset class – across traditional and emerging asset classes, in both public and private markets.
- Seamlessly connected – partnering with customers, enabling connectivity across the financial markets value chain through open platforms and venues.
Related documents
LSEG delivered a strong performance in 2023, as we continue to transform our business and deliver on our strategy to be the leading global financial markets infrastructure and data provider.
Don Robert
The breadth and depth of our offering is a true strategic differentiator. Customers recognise that because we serve them across so many different parts of their business, our relationship is not that of a typical supplier. Through investment, innovation and partnership, we will shape the future of our industry.
David Schwimmer
Financial highlights
Income and EBITDA growth rates are on a constant currency basis.
-
total income (excl. recoveries)£8.0bn+8.3% vs 2022
-
Adjusted EBITDA£3.8bn+8.6% vs 2022
-
Adjusted EBITDA margin47.2%110bps of underlying improvement in 2023
-
Adjusted EPS323.9p+1.9% vs 2022
-
Annual Subscription Value Growth+6.7%+50bps vs 2022 and +370bps since the Refinitiv acquisition
-
Total dividend115p+7.5% vs 2022
Who we are
LSEG is a leading global financial infrastructure and data provider. We play a vital social and economic role in the world's financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities.
Our business model
LSEG is well positioned to deliver long-term sustainable growth.
Five factors underpin the value we deliver:
- We are a leading provider of financial markets data and infrastructure.
- We bring deep expertise and a trusted reputation across the financial markets value chain.
- We are exposed to structurally high growth markets.
- We generate high-quality revenue that is mostly recurring in nature.
- We consistently invest for growth.
Our integrated offering spans the breadth of the financial markets value chain, from issuance and investment decision making, through to trade execution, clearing and post trade reporting.
Capital formation
Through primary markets operated by the London Stock Exchange.
Data and analytics
Providing crucial insight to customers through a variety of data, indices, risk, analytics and workflow solutions.
Capital deployment
Through LSEG's trading venues and across asset classes, including FX, fixed income and equities.
Capital optimisation
Through global clearing and reporting servies across asset classes.
