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Hargreaves Lansdown First Half 2023 Earnings: Revenues Beat Expectations

Hargreaves Lansdown (LON:HL.) First Half 2023 Results

Key Financial Results

  • Revenue: UK£350.0m (up 20% from 1H 2022).

  • Net income: UK£157.3m (up 29% from 1H 2022).

  • Profit margin: 45% (up from 42% in 1H 2022). The increase in margin was driven by higher revenue.

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hargreaves Lansdown Revenues Beat Expectations

Revenue exceeded analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the United Kingdom.

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Performance of the British Capital Markets industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Hargreaves Lansdown (1 doesn't sit too well with us!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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