TP ICAP Group (LON:TCAP) Releases Quarterly Earnings Results

Posted by Andrew Walz on Mar 13th, 2026

TP ICAP Group (LON:TCAP – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX 33.50 EPS for the quarter, Digital Look Earnings reports. TP ICAP Group had a return on equity of 8.75% and a net margin of 7.72%.

Here are the key takeaways from TP ICAP Group’s conference call:

TP ICAP reported a strong full-year result with revenue up 6% to £2.4bn and group adjusted EBIT up 10% to £348m, with margins expanding to 14.8%.
The board announced a £80m share buyback (including £50m of cash released early from legal-entity rationalization) and highlighted nearly £600m of distributions over three years, underscoring active capital returns.
Global Broking was a standout—revenue +10% and EBIT +19%—and management is building a dealer-backed credit platform (Neptune/AxeMatch) while growing hybrid/electronic execution to unlock new liquidity pools.
Transformation initiatives—migration to the Fusion platform, broad AI deployments, and an efficiency program targeting £50m of annualized savings by 2027 (with £35m delivered in 2025)—are raising productivity and electronic revenue.
Energy & Commodities lagged, with revenue down 2% and adjusted EBIT falling 27% to £41m after investments to hire and retain talent, causing near-term margin compression though management expects payoff in 2026.

TP ICAP Group Price Performance

TCAP opened at GBX 271 on Friday. TP ICAP Group has a fifty-two week low of GBX 217 and a fifty-two week high of GBX 315. The firm has a market cap of £2.02 billion, a P/E ratio of 12.04, a PEG ratio of 0.49 and a beta of 0.39. The firm has a 50-day moving average of GBX 255.25 and a 200 day moving average of GBX 259.30. The company has a debt-to-equity ratio of 50.90, a quick ratio of 0.97 and a current ratio of 1.21.

TP ICAP Group declared that its Board of Directors has initiated a share buyback plan on Thursday, March 12th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.