Funding Circle Raises FY26 Revenue and Margin Expectations
Funding Circle now expects FY26 revenue of at least £275 million and profit margins of approximately 16%, up from previous guidance of revenue above £255 million and profit before tax above £40 million. CEO Lisa Jacobs cited sustained demand and product innovation; momentum continued through September and October. The company has repurchased £80 million of shares to date.
Funding Circle announced an upgrade to its FY26 expectations, now projecting revenue of at least £275 million and profit margins of approximately 16%. This represents an increase from previous guidance, which anticipated revenue exceeding £255 million and profit before tax of more than £40 million. CEO Lisa Jacobs attributed the positive outlook to sustained market demand and ongoing product innovation, noting that the strong momentum observed in the first half of the year has continued through September and October.
The company maintains a capital-light model with a robust balance sheet and continues to execute its share buyback program, having repurchased £80 million of shares to date.