TP ICAP Group plc

TP ICAP Group plc

318.40
GBX
-0.60
(-0.19%)
243.14BMarket Cap
Mar 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.29
2.84
2.91
3.28
2.84
2.81
2.92
2.87
2.46
2.71
2.82
2.98
3.19
- -
Basic EPS, GAAP
0.27
0.1
0.3
0.16
0.14
0.05
0.11
0.15
0.01
0.13
0.1
0.22
0.25
- -
Free Cash Flow per Basic Share
0.18
0.17
0.48
0.15
0.07
0.12
0.18
0.15
0.07
0.35
0.3
0.38
0.16
- -
Dividend per Share
0.15
0.15
0.15
0.15
0.09
0.15
0.15
0.15
0.06
0.1
0.13
0.15
0.17
- -
Book Value per Share
1.62
1.69
1.98
3.05
2.93
2.87
2.71
2.66
2.49
2.75
2.68
2.73
2.71
2.78
Tangible Book Value per Share
0.4
0.39
0.59
0.18
0.18
0.24
0.22
0.25
0.14
0.34
0.44
0.48
0.43
0.36
Basic Weighted Avg Shares
244
247
273
272
619
627
628
625
759
779
778
757
737
726
Sales/Revenue/Turnover
804
704
796
892
1,757
1,763
1,833
1,794
1,865
2,115
2,191
2,253
2,353
- -
Operating Margin (%)
14.36
14.31
13.56
12.67
11.61
12.14
10.37
11.71
8.69
8.65
11.09
11.27
11.56
- -
Depreciation Expense
12
14
16
18
81
79
103
95
128
127
117
114
115
- -
Net Income, GAAP
66
25
83
43
87
32
67
96
5
103
74
167
186
- -
Effective Tax Rate (%)
23.7
31.04
23.65
29.82
- -
62.9
43.01
37.21
95.83
31.86
41.67
29.44
26.52
- -
Profit Margin (%)
8.16
3.5
10.41
4.82
4.95
1.82
3.66
5.35
0.27
4.87
3.38
7.41
7.9
- -
Working Capital
261
272
172
173
670
633
787
769
883
1,036
983
1,045
1,014
984
LT Debt
219
220
79
80
577
498
795
865
1,031
1,035
967
934
911
912
Total Equity
398
464
542
1,919
1,833
1,830
1,730
1,698
1,978
2,161
2,065
2,078
2,039
2,015
Return on Invested Capital (%)
11.41
4.78
12.35
3.08
- -
1.36
3.14
4.24
0.14
3.44
2.37
5.24
6.31
- -
Return on Capital (%)
12.46
5.44
13.12
3.21
- -
1.72
3.71
4.84
0.15
4.3
3.41
6.65
7.58
- -
Return on Common Equity (%)
17.13
5.73
16.55
3.53
4.68
1.76
3.8
5.66
0.27
5.02
3.53
8.13
9.12
- -

Capital Structure

GBP

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
71
90
236
LT Borrowings
743
744
744
LT Finance Leases
174
167
168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
754
745
719
Market Capitalization
2,055
1,932
2,431

Working Capital

GBP

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
5,463
6,148
6,909
Cash, Cash Equivalents & STI
1,918
2,140
3,256
Accounts Receivable, Net
334
309
380
Inventories
- -
- -
- -
Total Current Liabilities
4,516
5,134
5,925
Payables & Accruals
- -
- -
- -
ST Debt
71
90
236
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.24%
4.01%
-1.88%
Free Cash Flow
35.79%
64.08%
-59.52%
Net Income, GAAP
211.78%
394.82%
11.38%
Sales/Revenue/Turnover
13.94%
5.64%
4.44%
Total Cash Common Dividend
- -
14.09%
11.3%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,253
2025
- -
- -
2,353
2026
- -
- -
- -

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.22
2025
- -
- -
0.25
2026
- -
- -
- -

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.15
2025
- -
- -
0.17
2026
- -
- -
- -

Company Description

CEO
Nicolas Noel Andre Breteau
Full Time Employees
5,611
Sector
Finance
Industry
Investment banks/Brokers
Address
22 Grenville Street London United Kingdom JE4 8PX
IPO Date
Mar 8, 2004
Website
tpicap.com
Business
TP ICAP Group PLC is a global financial markets infrastructure and data solutions company operating as the world's largest inter-dealer broker and leading provider in energy and commodities broking. It offers a comprehensive range of intermediary services, including broking across financial, energy, and commodities markets; contextual insights and intelligence; trade execution; pre-trade and settlement services; and OTC pricing data. The company operates five core brands—Tullett Prebon, ICAP, PVM, Liquidnet, and Parameta Solutions—that collectively provide broking services, data analytics, and market intelligence trusted by clients in more than 28 countries worldwide. TP ICAP serves a diversified client base including institutional investors, asset managers, and trading firms, focusing on improving price discovery, liquidity, and data distribution. The group supports multi-asset trading through electronic platforms and voice broking, covering equities, fixed income, derivatives, and commodities. Founded in 1971, TP ICAP is headquartered in London, UK. Recent major developments include the June 2025 acquisition of Neptune Networks, an independent financial data company co-owned by leading investment banks, to enhance TP ICAP’s dealer-to-client credit business by integrating Liquidnet’s electronic credit trading platform with Neptune’s real-time pre-trade bond market data. In 2024, TP ICAP launched innovative products such as SuperBlock, aimed at facilitating large and illiquid block trades, and SmartDark, an algorithm designed to improve execution of large trades with better price stability. The company actively pursues operational improvements through a three-year efficiency program targeting £50 million in annualized cost savings. It also focuses on dynamic capital management including debt reduction and capital returns. Increased investment in technology includes cloud migration and AI integration for advanced data analytics. TP ICAP reported strong financial performance in 2025 with 9% revenue growth and ongoing business diversification into digital assets and energy transition markets. TP ICAP’s industry footprint spans capital markets and financial services sectors, with a strategic emphasis on expanding its electronic trading capabilities and diversifying product offerings to serve buy-side and sell-side clients more effectively. The company's operations include a significant presence in Europe, the Americas, and Asia-Pacific, with around 5,300 employees globally. Its strategic focus integrates technology transformation, business diversification, and capital efficiency to maintain leadership in inter-dealer broking and market data services. The company continues to grow through targeted acquisitions and partnerships, leveraging its brands to provide comprehensive liquidity and data solutions across global wholesale markets. This description captures TP ICAP Group PLC’s business operations, key products and services, geographic reach, recent strategic acquisitions, and innovation initiatives to support its vision as a leading liquidity and data solutions specialist in global financial and commodities markets.

Company News

  • TP ICAP Group PLC (TCAPF) Q2 2026 Earnings Call Transcript

  • TP ICAP Group Q2 Earnings Call Highlights

  • TP ICAP clipped to 'hold' as stockbroker cools

  • TP ICAP revenues jump 13% as volatility drives strong first quarter

  • TP ICAP Group PLC (TCAPF) Q4 2025 Earnings Call Transcript

  • TP Icap shares jump as broker beats forecasts and launches buyback

  • Inter-dealer broker TP ICAP's profit jumps 3.6% on boost from market volatility

  • TP ICAP to Acquire Vantage Capital Markets, Expanding Global Broking Capabilities

  • TP ICAP Group (OTC:TCAPF) Trading 1.4% Higher – What’s Next?

  • TP ICAP slips 4% as softer energy trading offsets broking gains

  • TP ICAP slides 8% as investors take profits on weaker-than-expected interims

  • TP ICAP Acquires Neptune Networks and Partners with Nine Global Investment Banks to Create New Dealer-to-Client Credit Business

  • Nonco joins TP ICAP's Fusion Digital Assets to enhance liquidity for spot Bitcoin and Ethereum markets

  • RIBER announces coverage initiation of its stock by TP ICAP Midcap

  • UK's TP ICAP to acquire New Zealand energy and carbon brokerage

  • TP Icap surges after reporting record profits, mulling IPO for Parameta data arm

  • UK broker TP ICAP exploring options for data unit Parameta