Hargreaves Lansdown Revenue & Financials

Hargreaves Lansdown's financial performance highlights the extraordinary profitability inherent in scaled wealth management infrastructure. Over the ten-year period from FY2015 to FY2024, company revenue expanded from £294.2 million to £765.0 million, representing a compound annual growth rate of 11.2%. Profitability expanded in tandem, with net income growing from £157.0 million in FY2015 to £325.0 million in FY2024. For FY2024, the business delivered a net profit margin of 42.48%, reflecting exceptional operational efficiency and disciplined cost management. A key driver of recent earnings momentum has been the macroeconomic interest rate environment. Following aggressive Bank of England base rate hikes to 5.25%, HL's Net Interest Margin on Client Cash surged to £267.75 million in FY2024, providing a powerful revenue counterbalance during periods of subdued retail equity trading. Meanwhile, Platform and Management Fees delivered £321.30 million, supported by market recovery and net new client inflows pushing total AUA to a record £155.3 billion. The company maintains a pristine balance sheet with zero long-term debt, £780.0 million in net assets, and substantial capital buffers well in excess of FCA regulatory capital adequacy requirements.