London Stock Exchange (LSE.L) stock price, revenue, and financials

London Stock Exchange annual revenue was £2.14 b in FY 2018

£2.1 B

London Stock Exchange Revenue FY, 2018
London Stock Exchange Gross profit (FY, 2018)1.9 B
London Stock Exchange Gross profit margin (FY, 2018), %89.4%
London Stock Exchange Net income (FY, 2018)553 M
London Stock Exchange EBITDA (FY, 2018)1 B
London Stock Exchange EBIT (FY, 2018)751 M
London Stock Exchange Cash, 31-Dec-20181.5 B
London Stock Exchange EV11.6 B

London Stock Exchange Revenue Breakdown

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London Stock Exchange revenue breakdown by business segment: 37.6% from Information Services, 28.7% from Post Trade Services – LCH, 7.7% from Post Trade Services – CC&G and Monte Titoli, 20.0% from Capital Markets and 5.9% from Other

London Stock Exchange revenue breakdown by geographic segment: 15.6% from USA, 6.0% from France, 17.9% from Italy, 56.5% from UK and 4.0% from Other

London Stock Exchange Income Statement

Annual

GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

349.6m546.4m644.7m605.6m616.0m679.8m871.2m1.2b1.4b1.7b2.0b2.1b

Revenue growth, %

56%18%(6%)2%10%28%39%17%17%18%

Cost of goods sold

37.0m125.5m175.0m215.0m227.0m

Gross profit

579.0m1.3b1.5b1.7b1.9b

Gross profit Margin, %

94%91%89%89%89%

Operating expense total

175.4m281.2m852.6m423.3m296.0m321.3m522.8m856.5m888.7m1.1b856.0m1.2b

Depreciation and amortization

103.0m

EBITDA

198.3m313.6m361.9m307.4m379.7m487.7m477.6m531.9m622.8m669.0m882.0m1.0b

EBITDA margin, %

57%57%56%51%62%72%55%44%44%40%45%49%

EBIT

174.2m265.2m(207.9m)182.3m283.0m358.5m348.4m353.1m404.4m427.0m626.0m751.0m

EBIT margin, %

50%49%(32%)30%46%53%40%29%29%26%32%35%

Interest expense

70.0m

Interest income

8.0m

Pre tax profit

161.5m227.0m(250.8m)144.3m238.0m639.7m298.9m284.3m336.1m364.0m564.0m685.0m

Income tax expense

50.9m54.0m82.0m52.6m82.0m108.3m83.4m86.3m48.1m101.0m(22.0m)(132.0m)

Net Income

110.6m173.0m(332.8m)91.7m156.0m531.4m215.5m198.0m288.0m263.0m586.0m553.0m

Half Year

GBPH1, 2018

Revenue

1.1b

Cost of goods sold

106.0m

Gross profit

954.0m

Gross profit Margin, %

90%

Operating expense total

407.0m

Depreciation and amortization

64.0m

EBITDA

544.0m

EBITDA margin, %

51%

EBIT

480.0m

EBIT margin, %

45%

Interest expense

39.0m

Interest income

6.0m

Pre tax profit

447.0m

Income tax expense

101.0m

Net Income

346.0m

London Stock Exchange Balance Sheet

Annual

GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

72.9m200.6m143.7m223.1m267.0m100.0b146.5b504.7b923.9m1.2b1.4b1.5b

Accounts Receivable

26.9m73.0m65.7m78.0m75.0m106.9m115.1m128.3m171.9m637.0m305.0m421.0m

Inventories

2.2m1.0m2.0m1.5m500.0k3.7m3.0m

Current Assets

50.0k134.3m17.6b35.9b84.6b116.6b100.2b146.8b505.0b459.3b560.4b737.0b837.8b

PP&E

58.8m72.8m79.9m74.9m93.0m73.3m80.1m93.3m93.9m108.0m129.0m149.0m

Goodwill

25.1m29.0m32.5m2.4b

Total Assets

50.0k267.1m19.6b37.6b86.2b118.1b102.4b148.9b507.9b463.3b564.8b742.0b842.8b

Accounts Payable

3.3m23.3m20.1m15.1m19.0m31.7m30.4m43.9m452.4m105.0m50.0m52.0m

Short-term debt

522.0m

Current Liabilities

50.0k329.4m17.9b35.8b84.4b116.3b100.1b146.4b504.4b458.6b559.8b736.2b836.9b

Long-term debt

1.4b

Non-Current Liabilities

290.2m470.1m853.3m856.8m705.0m986.8m1.0b1.8b1.9b1.9b2.1b2.6b

Total Debt

155.7m427.2m900.0k100.0k10.5m400.0k278.7m930.2m618.7m2.0b41.0m

Total Liabilities

50.0k619.6m18.4b36.7b85.3b117.0b101.1b147.4b506.3b460.5b561.7b738.2b839.5b

Common Stock

24.0m24.0m

Additional Paid-in Capital

2.0253.0m19.1m18.7m18.8m19.0m18.8m18.8m18.8m24.0m24.0m964.0m

Retained Earnings

78.4m122.3m(403.3m)25.2m84.0m448.4m139.6m104.1m74.6m63.0m419.0m424.0m

Total Equity

2.0(352.5m)1.2b956.9m927.9m1.0b1.4b1.5b1.6b2.7b3.1b3.8b3.3b

Debt to Equity Ratio

-0.4 x0.4 x0 x0 x0 x0 x0.2 x0.3 x0.2 x0.5 x0 x

Debt to Assets Ratio

0.6 x0 x0 xNaN x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

25 k x-0.8 x16.7 x39.3 x92.9 x113.8 x74.4 x97.3 x324.5 x168.8 x181.8 x197.8 x252.1 x

Half Year

GBPH1, 2018

Cash

1.3b

Accounts Receivable

431.0m

Current Assets

5.0b

PP&E

127.0m

Goodwill

2.4b

Total Assets

822.4b

Accounts Payable

47.0m

Short-term debt

475.0m

Current Liabilities

816.5b

Long-term debt

1.4b

Non-Current Liabilities

2.0b

Total Debt

1.9b

Total Liabilities

818.5b

Common Stock

24.0m

Additional Paid-in Capital

964.0m

Retained Earnings

570.0m

Total Equity

3.9b

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0 x

Financial Leverage

210.4 x

London Stock Exchange Cash Flow

Annual

GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

110.6m173.0m(332.8m)91.7m156.0m531.4m215.5m198.0m288.0m263.0m586.0m553.0m

Depreciation and Amortization

256.0m

Accounts Receivable

(36.0m)

Inventories

1.0m

Accounts Payable

(47.0m)

Cash From Operating Activities

138.2m177.9m225.1m215.2m264.5m303.0m342.5m325.3m434.2m241.0m659.0m722.0m

Purchases of PP&E

(47.0m)

Cash From Investing Activities

(821.0m)

Long-term Borrowings

(87.0m)

Dividends Paid

33.2m46.0m65.3m65.2m67.0m73.6m77.4m80.8m115.5m130.0m(178.0m)189.0m

Cash From Financing Activities

(274.2m)(116.1m)(237.8m)(83.2m)(174.0m)140.2m(55.5m)194.4m(257.9m)(687.0m)378.0m(475.0m)

Net Change in Cash

(153.9m)113.8m(68.6m)82.5m46.7m(42.9m)227.6m491.7m90.3m(213.0m)1.4b84.0m

Interest Paid

(66.0m)

Income Taxes Paid

(39.9m)(36.4m)(41.5m)(130.0m)

Half Year

GBPH1, 2018

Net Income

346.0m

Depreciation and Amortization

141.0m

Accounts Receivable

(115.0m)

Accounts Payable

174.0m

Cash From Operating Activities

375.0m

Purchases of PP&E

(14.0m)

Cash From Investing Activities

(91.0m)

Long-term Borrowings

(227.0m)

Dividends Paid

(168.0m)

Cash From Financing Activities

(292.0m)

Net Change in Cash

(96.0m)

Interest Paid

(30.0m)

Income Taxes Paid

(60.0m)

London Stock Exchange Ratios

GBPY, 2018

EV/EBITDA

11.2 x

EV/EBIT

15.4 x

EV/CFO

16 x

Financial Leverage

252.1 x

London Stock Exchange Operating Metrics

FY, 2014Q1, 2015H1, 2015Q3, 2015FY, 2015Q1, 2016H1, 2016Q3, 2016FY, 2016Q1, 2017

Announcements Regulatory News Service Processed over

325 k321 k

Assets Under Custody (Monte Titoli)

€3.35 t€3.29 t€3.32 t€3.30 t€3.31 t€3.17 t€3.20 t€3.17 t€3.17 t€3.20 t

Average Cash Collateral Held

€47.10 b€54 b€56.20 b€58.80 b€56.90 b€60 b€61.30 b€68.90 b€67 b€84.10 b

Average Initial Margin Held

€9.90 b€11.10 b€12.20 b€12.80 b€12.30 b€11.90 b€11.80 b€11.70 b€12.10 b€13.10 b

Average Number of Equity Order Book Trades per Day (Italy)

264 k309 k297 k265 k280 k347 k320 k255 k295 k290 k

Average Order Book Equity Value Traded per Day (London)

£4.60 b£5.20 b£5.30 b£4.80 b£4.90 b£5.20 b£5.10 b£4.80 b£5.10 b£5.30 b

Capital Raised by New and Further Equity Issues

£42.60 b£8.50 b£23.10 b£5.50 b£41.70 b£6.30 b£11.80 b£5.10 b£25.60 b£16.30 b

Cash Equity Trades Cleared

452 m140.30 m271.10 m139.20 m549 m169.50 m345.50 m165.80 m697 m203.30 m

Companies on Markets

2.75 k2.69 k2.59 k

ETF Assets Benchmarked to FTSE Russell Indexes

$369 b$400 b$389 b$351 b$381 b$375 b$390 b$422 b$452 b$487 b

Equity and Derivative Contracts Cleared

108.70 m31.80 m61.50 m30.20 m120.10 m36.20 m68.50 m28 m129.60 m30.60 m

MTS Cash and Bond Vision Volumes

€4.19 t€1.19 t€2.14 t€861 b€4.08 t€1.02 t€2.04 t€982 b€3.94 t€996 b

MTS Repo Notional Value Traded

€74.40 t€23.61 t€44.86 t€22.73 t€88.90 t€23.11 t€44.43 t€19.31 t€84.40 t€22.64 t

New Issues

219 45 93 34 176 33 74 27 134 38

Number of Professional Terminals Taking Data

207 k206 k203 k205 k207 k207 k203 k202 k200 k199 k

Settlement Instructions Handled

64.80 m17.50 m35 m14 m60.30 m11.40 m22.50 m9.40 m43.30 m11.90 m

SwapClear Client Trades Cleared

407 k182 k678 k241 k460 k232 k952 k307 k

SwapClear Notional Cleared

$642 t$142 t$261 t$131 t$533 t$169 t$346 t$160 t$666 t$245 t

SwapClear Notional Compressed

$292 t$328 t$384 t