CORRECT (Nov 10): Funding Circle upgrades annual revenue guidance

(Clarifying Funding Circle's 2026 profit guidance.)

Funding Circle Holdings PLC on Tuesday upgraded its full-year expectations, citing resilient demand from small and medium-sized enterprises, alias SME.

The London-based lender to small and medium businesses expects 2026 revenue of at least £275 million, 7.8% higher than its previous guidance of £255 million, as well as up 35% from £204.3 million in 2025, which had been 28% higher than £160.1 million in 2024.

Further, Funding Circle said it anticipates "profit margins" of around 16% for 2026, without specifying the specific profit measure. Funding Circle had a 9.9% pretax profit margin in 2025.

The company said its previous guidance for 2026 pretax profit was "more than" £40 million, which would be nearly doubled from £20.3 million in 2025. It did not update this specific guidance on Tuesday, though a 16% pretax profit margin on £275 million in revenue would be £44 million.

Chief Executive Officer Lisa Jacobs said: "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."

Shares in Funding Circle were up 3.4% to 242.00 pence each on Wednesday morning in London.

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