Skip to content

Funding Circle Shares Jump After FY2026 Guidance Upgrade

Funding Circle now expects 2026 revenue of at least £275m, above the highest analyst forecast compiled before the update, and the shares are sharply higher in early trade.

Funding Circle Holdings (LSE: FCH) raised its full-year 2026 guidance in a trading update today, and its shares jumped in early trade. The UK small-business finance platform now expects revenue of at least £275m, with profit margins of c.16%.

The shares were 234.5p at 09:32 London time, up 12.7% from yesterday’s close of 208p. They opened at 224p and have traded between 220.5p and 237.6p, still below the 52-week high of 252p set intraday on the 14th of August.

FCH.LSE

The company said the momentum it reported at its half-year results has continued, driven by sustained market demand and ongoing product feature innovation. It pointed to September and October trading, with November starting well, as the basis for the upgrade. The announcement was flagged as containing inside information.

Chief executive Lisa Jacobs tied the upgrade to demand from small and medium-sized businesses.

We’ve carried the strong momentum seen in the first half of 2026 into the autumn, and SME demand has remained resilient despite continued macro uncertainty. As a result, we are upgrading our FY26 expectations.

Lisa Jacobs, chief executive, Funding Circle

Previous guidance was for revenue of more than £255m and profit before tax of more than £40m. Revenue in FY2025 was £222.5m. The new floor also sits above the highest of six analyst revenue forecasts compiled before the update, at £272m, against an average of £266.1m.

Line chart of Funding Circle share price over three months to 10 November 2026, marking the guidance upgrade.
Funding Circle shares, three months to 10 November; the last point is today’s intraday price, not a close.

The shares had spent October and early November in a range of roughly 199p to 214p, so today’s move takes them well clear of that band. The 50-day moving average, the average closing price over the last 50 sessions, is 199p.

The company describes itself as capital-light, with a robust balance sheet and strong cash generation. It launched its fourth share buyback on the 21st of September and has bought £5m of shares so far. With earlier programmes, it has bought back £80m, or 19% of issued share capital.

Funding Circle says it has provided over £18bn of credit to more than 135,000 UK businesses since 2010.

Asktraders News Team
Asktraders News Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Stay ahead of the markets

Sign up to our free Morning Markets email, every weekday before the open.