London Stock Exchange Group (LSE:LSEG) EBIT : £1,476 Mil (TTM As of Dec. 2023)

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What is London Stock Exchange Group EBIT?

London Stock Exchange Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £650 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £1,476 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. London Stock Exchange Group's annualized ROC % for the quarter that ended in Dec. 2023 was 0.16%. London Stock Exchange Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 142.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. London Stock Exchange Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.66%.

London Stock Exchange Group EBIT Historical Data

The historical data trend for London Stock Exchange Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

London Stock Exchange Group EBIT Chart

London Stock Exchange Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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728.00

551.00

1,092.00

1,419.00

1,476.00

London Stock Exchange Group Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															526.00	911.00	508.00	826.00	650.00

Competitive Comparison of London Stock Exchange Group's EBIT

For the Financial Data & Stock Exchanges subindustry, London Stock Exchange Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

London Stock Exchange Group's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, London Stock Exchange Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where London Stock Exchange Group's EV-to-EBIT falls into.

London Stock Exchange Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1,476 Mil.

London Stock Exchange Group (LSE:LSEG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

London Stock Exchange Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1554 * ( 1 - 24.95% )	/	( (722446	+	691505)	/ 2 )
=	1166.277	/	706975.5
=	0.16 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	846941	-	123987	-	( 3500	-	max(0, 810464	-	810972	+	3500	))
=	722446

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	805010	-	112444	-	( 2251	-	max(0, 768578	-	769639	+	2251	))
=	691505

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

London Stock Exchange Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1300	/	( ( (771 + max(-358, 0))	+	(716 + max(336, 0)) )	/	2 )
=	1300	/	( ( 771	+	1052 )	/	2 )
=	1300	/	911.5
=	142.62 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1798	+	0	+	805674)	-	(123987	+	0	+	683843)
=	-358

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1172	+	0	+	765576)	-	(112444	+	0	+	653968)
=	336

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

London Stock Exchange Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1476	/	55517.770
	=	2.66 %

London Stock Exchange Group EBIT Related Terms

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London Stock Exchange Group (LSE:LSEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » London Stock Exchange Group PLC (LSE:LSEG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LNSTY:USA LDNXF:USA LSE:Mexico LSEGl:UK LS4C:Germany

Address

10 Paternoster Square, London, GBR, EC4M 7LS

Website

https://www.lseg.com

London Stock Exchange Group is a fully integrated financial exchange company covering the financial market value chain from primary and secondary markets across multiple asset classes over data, index and analytics down to clearing and post-trading reporting. With the acquisition of Refinitiv, LSEG generates about two thirds of its revenue from data and analytics including its FTSE Russell and WM/Refinitiv benchmarks as well as data feeds and terminals. The group is also a majority shareholder in Tradeweb, one of the dominant global fixed income trading venues, as well as LCH, the largest clearing house for over-the-counter swaps globally.

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