London Stock Exchange Group (LSEG) has reported strong financial results for 2024, exceeding market expectations and reinforcing its position as a lead player in global financial data and analytics.

The firm’s total income, excluding recoveries, grew by 7.7 per cent in 2024, with broad growth across divisions.

Income at the firm’s flagship data business, where it makes most of its cash, jumped 4.5 per cent.

Meanwhile, income at the FTSE Russell arm was up 10.9 per cent, risk intelligence was up 11.3 per cent, and capital markets surged by 17.8 per cent.

The group also reported an 9.1 per cent rise in adjusted earnings before interest, taxes deprecitation, and amortisation (EBITDA), with £2.2bn in equity free cash flow.

Chief executive David Schwimmer highlighted the firm’s focus on product innovation.

He said: “We have delivered on our strategy in 2024, with strong performance across the group, an exceptional year for tradeweb, and significant advancements in our Microsoft partnership.”

“Our model continues to drive consistent growth and improved profitability”.