ING Groep N.V.(ING)Earnings, Financials & Key Ratios
ING•NYSE•Banking & Credit
12.9× P/E·Price updated Jun 19, 2026
AboutING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.Show more
- Net Interest Income$14.68B-2.3%
- Total Revenue$23.04B-65.3%
- Net Income$6.33B-1.0%
- Return on Equity12.37%+0.2%
- Net Interest Margin1.39%-5.4%
- Efficiency Ratio54.63%+199.5%
- ROA0.61%-4.8%
- Equity / Assets4.83%-3.9%
- Book Value per Share17.07+5.3%
ING Key Insights
ING Groep N.V. (ING) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 20.6%
- ✓Efficient operations: 54.6% efficiency ratio
- ✓Share count reduced 5.7% through buybacks
- ✓Diversified revenue: 36.3% from non-interest income
- ✓Trading near 52-week high
✗Weaknesses
- ✗High debt to equity ratio of 3.3x
- ✗Weak NIM of 1.4%
- ✗Thin capital base
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when ING posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
ING Price & Volume
ING Groep N.V. (ING) stock price & volume — 10-year historical chart
Loading chart...
ING Growth Metrics
ING Groep N.V. (ING) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-7.48%
5 Years-3.08%
3 Years-11.83%
TTM-
Profit CAGR
10 Years4.67%
5 Years20.55%
3 Years19.86%
TTM-1%
EPS CAGR
10 Years7.38%
5 Years27.07%
3 Years28.04%
TTM-9.91%
Return on Capital
10 Years3.3%
5 Years3.58%
3 Years3.97%
Last Year3.67%
ING Recent Earnings
ING Groep N.V. (ING) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.63+5.0%
$0.60
Rev
$6.8B-0.4%
$6.9B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.56+12.0%
$0.50
Rev
$6.9B+3.7%
$6.7B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.70+9.4%
$0.64
Rev
$6.9B+9.2%
$6.3B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.64+8.5%
$0.59
Rev
$28.6B+358.9%
$6.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.63vs $0.60+5.0% | $6.8Bvs $6.9B-0.4% |
| Q1 2026 | Jan 29, 2026 | $0.56vs $0.50+12.0% | $6.9Bvs $6.7B+3.7% |
| Q4 2025 | Oct 30, 2025 | $0.70vs $0.64+9.4% | $6.9Bvs $6.3B+9.2% |
| Q3 2025 | Jul 31, 2025 | $0.64vs $0.59+8.5% | $28.6Bvs $6.2B+358.9% |
Based on last 12 quarters of dataView full earnings history →
ING Peer Comparison
ING Groep N.V. (ING) competitors in European universal banks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DB | 67.48B | 35.27 | 9.92 | -8.25% | 12.79% | 8.7% | 3.18 | |
 BBVA | 137.49B | 24.48 | 12.59 | 4.08% | 22.98% | 17.25% | 1.32 | |
 SAN | 198.16B | 13.50 | 13.48 | -7.71% | 18.79% | 12.76% | 4.40 | |
 BCS | 90.29B | 26.31 | 12.07 | -52.96% | 25.26% | 9.19% | 2.81 | |
 UBS | 157.65B | 50.80 | 27.17 | -20.43% | 10.48% | 7% | 3.94 | |
 JPM | 908.57B | 325.22 | 16.22 | 3.31% | 20.35% | 15.95% | 2.60 | |
 BAC | 424.14B | 56.20 | 14.71 | -0.45% | 15.93% | 10.15% | 1.21 | |
 C | 266.52B | 143.09 | 20.47 | -1.41% | 8.48% | 6.67% | 3.35 |
Compare ING vs Peers
ING Groep N.V. (ING) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ING Income Statement
ING Groep N.V. (ING) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 13.71B | 13.95B | 14.08B | 13.6B | 13.62B | 13.76B | 15.98B | 15.02B | 14.68B |
NII Growth % | 3.57% | 1.7% | 0.94% | -3.37% | 0.09% | 1.04% | 16.13% | -5.97% | -2.28% |
Net Interest Margin % | 1.62% | 1.57% | 1.58% | 1.45% | 1.43% | 1.42% | 1.64% | 1.47% | 1.39% |
Interest Income | 44.06B | 28.17B | 28.45B | 22.7B | 21.11B | 28.47B | 52.23B | 58.91B | 14.68B |
Interest Expense | 30.35B | 14.23B | 14.38B | 9.09B | 7.5B | 14.71B | 36.25B | 43.88B | 0 |
Loan Loss Provision | 676M | 656M | 1.12B | 2.65B | 491M | 1.83B | 495M | 1.11B | 1.3B |
Non-Interest Income | 3.88B | 4.15B | 3.98B | 4.24B | 4.67B | 5.13B | 6.67B | 7.5B | 8.35B |
Non-Interest Income % | 8.09% | 12.84% | 12.28% | 15.72% | 18.11% | 15.28% | 11.33% | 11.3% | 36.27% |
Total Revenue | 47.94B▲ 0% | 32.33B▼ 32.6% | 32.44B▲ 0.3% | 26.93B▼ 17.0% | 25.78B▼ 4.3% | 33.61B▲ 30.3% | 58.9B▲ 75.3% | 66.41B▲ 12.7% | 23.04B▼ 65.3% |
Revenue Growth % | -0.83% | -32.58% | 0.35% | -16.97% | -4.27% | 30.34% | 75.27% | 12.75% | -65.31% |
Non-Interest Expense | 9.65B | 10.69B | 10.11B | 11.38B | 11.01B | 11.56B | 11.66B | 12.11B | 12.58B |
Efficiency Ratio | 20.13% | 33.08% | 31.16% | 42.26% | 42.71% | 34.4% | 19.8% | 18.24% | 54.63% |
Operating Income | 7.27B▲ 0% | 6.75B▼ 7.1% | 6.83B▲ 1.2% | 3.81B▼ 44.3% | 6.78B▲ 78.1% | 5.5B▼ 18.9% | 10.49B▲ 90.7% | 9.3B▼ 11.4% | 9.15B▼ 1.6% |
Operating Margin % | 15.16% | 20.88% | 21.07% | 14.14% | 26.3% | 16.37% | 17.81% | 14% | 39.71% |
Operating Income Growth % | 23.12% | -7.11% | 1.23% | -44.26% | 78.05% | -18.87% | 90.69% | -11.36% | -1.63% |
Pretax Income | 7.27B▲ 0% | 6.75B▼ 7.1% | 6.83B▲ 1.2% | 3.81B▼ 44.3% | 6.78B▲ 78.1% | 5.5B▼ 18.9% | 10.49B▲ 90.7% | 9.3B▼ 11.4% | 9.15B▼ 1.6% |
Pretax Margin % | 15.16% | 20.88% | 21.07% | 14.14% | 26.3% | 16.37% | 17.81% | 14% | 39.71% |
Income Tax | 2.28B | 2.04B | 1.96B | 1.25B | 1.88B | 1.73B | 2.97B | 2.65B | 2.54B |
Effective Tax Rate % | 31.38% | 30.16% | 28.61% | 32.71% | 27.68% | 31.35% | 28.31% | 28.49% | 27.82% |
Net Income | 4.91B▲ 0% | 4.61B▼ 6.1% | 4.78B▲ 3.8% | 2.48B▼ 48.0% | 4.78B▲ 92.2% | 3.67B▼ 23.1% | 7.29B▲ 98.3% | 6.39B▼ 12.3% | 6.33B▼ 1.0% |
Net Margin % | 10.23% | 14.25% | 14.74% | 9.23% | 18.52% | 10.93% | 12.37% | 9.63% | 27.47% |
Net Income Growth % | 5.46% | -6.08% | 3.78% | -48.02% | 92.19% | -23.07% | 98.34% | -12.28% | -1.02% |
Net Income (Continuing) | 4.99B | 4.71B | 4.88B | 2.56B | 4.91B | 3.78B | 7.52B | 6.65B | 6.6B |
EPS (Diluted) | 1.26▲ 0% | 1.21▼ 4.0% | 1.23▲ 1.7% | 0.64▼ 48.0% | 1.23▲ 92.2% | 1.01▼ 17.9% | 1.16▲ 14.9% | 1.65▲ 42.2% | 2.12▲ 28.5% |
EPS Growth % | 5% | -3.97% | 1.65% | -47.97% | 92.19% | -17.89% | 14.85% | 42.24% | 28.48% |
EPS (Basic) | 1.26 | 1.21 | 1.23 | 0.64 | 1.23 | 1.02 | 1.16 | 1.65 | 2.12 |
Diluted Shares Outstanding | 3.89B | 3.89B | 3.9B | 3.9B | 3.89B | 3.62B | 3.57B | 3.17B | 2.98B |
ING Balance Sheet
ING Groep N.V. (ING) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 59.97B | 102.87B | 111.5B | 164.93B | 135.85B | 118.23B | 130.06B | 114.74B | 106.31B |
Cash & Due from Banks | 24.45B | 53.23B | 55.01B | 112.23B | 106.06B | 87.25B | 89.89B | 69.96B | 52.89B |
Short Term Investments | 35.52B | 49.64B | 56.5B | 52.7B | 29.8B | 30.98B | 40.17B | 44.78B | 53.42B |
Total Investments | 807.15B | 823.8B | 835.96B | 823.01B | 807.31B | 830.34B | 845.5B | 896.35B | 932.64B |
Investments Growth % | -0.31% | 2.06% | 1.48% | -1.55% | -1.91% | 2.85% | 1.83% | 6.01% | 4.05% |
Long-Term Investments | 771.64B | 774.16B | 779.46B | 770.31B | 777.51B | 799.36B | 805.33B | 851.57B | 879.21B |
Accounts Receivables | 4.53B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 1.51B | 1.84B | 1.89B | 1.39B | 1.16B | 1.09B | 1.2B | 1.33B | 1.51B |
Goodwill | 837.16M | 918.76M | 896.72M | 532.34M | 473.4M | 460.18M | 470.78M | 475.99M | 0 |
Intangible Assets | 669.93M | 921.76M | 997.56M | 859.93M | 686.03M | 632.75M | 731.77M | 857.99M | 1.51B |
PP&E (Net) | 1.8B | 1.66B | 3.17B | 2.84B | 2.52B | 2.45B | 2.4B | 2.43B | 2.48B |
Other Assets | 4.85B | 4.62B | -5.93B | -4.18B | 31.95B | 43.62B | 34.04B | 48B | 64.89B |
Total Current Assets | 65.64B | 103.91B | 112.56B | 166.14B | 137.2B | 119.5B | 131.33B | 116.13B | 106.31B |
Total Non-Current Assets | 780.58B | 783.12B | 779.35B | 771.14B | 814.09B | 848.32B | 844.25B | 904.41B | 948.09B |
Total Assets | 846.22B▲ 0% | 887.03B▲ 4.8% | 891.91B▲ 0.6% | 937.27B▲ 5.1% | 951.29B▲ 1.5% | 967.82B▲ 1.7% | 975.58B▲ 0.8% | 1.02T▲ 4.6% | 1.05T▲ 3.3% |
Asset Growth % | 0.13% | 4.82% | 0.55% | 5.09% | 1.5% | 1.74% | 0.8% | 4.61% | 3.32% |
Return on Assets (ROA) | 0.58% | 0.53% | 0.54% | 0.27% | 0.51% | 0.38% | 0.75% | 0.64% | 0.61% |
Accounts Payable | 3.61B | 61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 112.05B | 133.47B | 135.12B | 78.95B | 116.01B | 119.5B | 150B | 171.33B | 169.33B |
Net Debt | 90.06B | 83.49B | 81.91B | -33.28B | 9.96B | 32.25B | 60.11B | 101.37B | 116.44B |
Long-Term Debt | 112.05B | 133.47B | 118.18B | 77.39B | 114.79B | 118.32B | 148.84B | 170.21B | 169.33B |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 40.57B | -12.23B | -4.59B | 36.63B | 33.51B | 47.74B | 38.95B | 40.56B | 15.04B |
Total Current Liabilities | 632.2B | 704.82B | 728.29B | 738.64B | 746.49B | 749.88B | 734.25B | 757.05B | 819.08B |
Total Non-Current Liabilities | 162.9B | 130.47B | 115.8B | 142.97B | 150.15B | 167.52B | 189.15B | 212.19B | 184.37B |
Total Liabilities | 795.1B | 835.29B | 844.09B | 881.62B | 896.63B | 917.41B | 923.4B | 969.24B | 1T |
Total Equity | 51.12B▲ 0% | 51.73B▲ 1.2% | 54.66B▲ 5.7% | 55.66B▲ 1.8% | 54.66B▼ 1.8% | 50.41B▼ 7.8% | 52.18B▲ 3.5% | 51.31B▼ 1.7% | 50.95B▼ 0.7% |
Equity Growth % | 1.43% | 1.2% | 5.66% | 1.82% | -1.8% | -7.77% | 3.51% | -1.67% | -0.69% |
Equity / Assets (Capital Ratio) | 6.04% | 5.83% | 6.13% | 5.94% | 5.75% | 5.21% | 5.35% | 5.03% | 4.83% |
Return on Equity (ROE) | 9.66% | 8.96% | 8.99% | 4.5% | 8.66% | 6.99% | 14.21% | 12.35% | 12.37% |
Book Value per Share | 13.13 | 13.31 | 14.03 | 14.27 | 14.05 | 13.91 | 14.64 | 16.21 | 17.07 |
Tangible BV per Share | 12.74 | 12.84 | 13.55 | 13.91 | 13.75 | 13.61 | 14.30 | 15.79 | 16.57 |
Common Stock | 17.05B | 17.09B | 39M | 39M | 39M | 37M | 35M | 31M | 49.7B |
Additional Paid-in Capital | 17.01B | 17.05B | 17.08B | 17.09B | 17.11B | 17.12B | 17.12B | 17.12B | 0 |
Retained Earnings | 31.52B | 33.2B | 32.66B | 35.18B | 37.32B | 34.94B | 36.85B | 33.85B | 0 |
Accumulated OCI | 1.85B | 656M | 4B | 2.33B | 1.07B | -985M | -771M | 77M | 0 |
Treasury Stock | -15M | -11M | -10M | -4M | -1.61B | -1.21B | -1.99B | -765M | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ING Cash Flow Statement
ING Groep N.V. (ING) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -5.25B | 6.92B | 13.05B | 18.46B | -14.94B | -11.11B | -11.34B | -22.54B | 0 |
Operating CF Growth % | -161.42% | 231.64% | 88.79% | 41.39% | -180.95% | 25.64% | -2.05% | -98.8% | 100% |
Net Income | 7.27B | 6.84B | 6.83B | 3.81B | 5.95B | 5.5B | 10.49B | 9.3B | 6.33B |
Depreciation & Amortization | 520M | 520M | 789M | 829M | 834M | 711M | 674M | 673M | 0 |
Deferred Taxes | 0 | 0 | -41M | -19M | 0 | -26M | 0 | 0 | 0 |
Other Non-Cash Items | -312M | -2.71B | -1.19B | -82.52B | 18.35B | 5.91B | -4.57B | -1.21B | -6.33B |
Working Capital Changes | -12.73B | 2.27B | 6.63B | 96.34B | -40.11B | -23.24B | -17.94B | -31.31B | 0 |
Cash from Investing | 11.75B | 5.45B | -2.5B | -8.49B | 6.22B | -5.31B | -8.54B | -6.03B | 0 |
Purchase of Investments | -25.55B | -28.86B | -29.44B | -54.8B | -58.4B | -43.7B | -69.97B | -131.55B | 0 |
Sale/Maturity of Investments | 35.72B | 34.48B | 26.49B | 46.52B | 64.74B | 38.54B | 61.62B | 125.8B | 0 |
Net Investment Activity | 10.16B | 5.63B | -2.95B | -8.27B | 6.34B | -5.17B | -8.36B | -5.75B | 0 |
Acquisitions | 1.89B | -111M | -17M | -3M | 27M | 7M | 0 | 0 | 0 |
Other Investing | -40M | 223M | 825M | 73M | 38M | 83M | 58M | 50M | 0 |
Cash from Financing | -3.95B | 15.98B | -4.15B | -34.8B | 5.39B | 4.65B | 18.4B | 5.37B | 0 |
Dividends Paid | -2.56B | -2.61B | -2.68B | -3M | -2.38B | -3.09B | -2.97B | -3.88B | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | -1.61B | -1.72B | -3.53B | -3.82B | 0 |
Stock Issued | 7M | 4M | 1M | 5M | 0 | 0 | 0 | 0 | 0 |
Net Stock Activity | 7M | 4M | 1M | 5M | -1.61B | -1.72B | -3.53B | -3.82B | 0 |
Debt Issuance (Net) | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Other Financing | 18.29B | 31.63B | 3M | 0 | 1M | -1M | 0 | 1M | 0 |
Net Change in Cash | 2.81B▲ 0% | 28.55B▲ 915.0% | 6.5B▼ 77.2% | 57.54B▲ 784.9% | -3.9B▼ 106.8% | -12.27B▼ 214.6% | -2.38B▲ 80.6% | -23.94B▼ 906.4% | -69.07B▼ 188.5% |
Exchange Rate Effect | 260M | 204M | 95M | -425M | -565M | -504M | -898M | -740M | 0 |
Cash at Beginning | 16.16B | 18.98B | 47.53B | 54.03B | 111.57B | 107.67B | 95.39B | 93.01B | 69.07B |
Cash at End | 18.98B | 47.53B | 54.03B | 111.56B | 107.67B | 95.39B | 93.01B | 69.07B | 0 |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 33.73B | 41.19B | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | -5.52B▲ 0% | 6.63B▲ 220.2% | 12.7B▲ 91.6% | 102.89B▲ 710.2% | -15.13B▼ 114.7% | -11.34B▲ 25.0% | -11.59B▼ 2.1% | -22.88B▼ 97.4% | 0▲ 100.0% |
FCF Growth % | -167.26% | 220.16% | 91.58% | 710.17% | -114.7% | 25.01% | -2.14% | -97.45% | 100% |
ING Banking Ratios
ING Groep N.V. (ING) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.41% | 9.66% | 8.96% | 8.99% | 4.5% | 8.66% | 6.99% | 14.21% | 12.35% | 12.37% |
Return on Assets (ROA) | 0.5% | 0.58% | 0.53% | 0.54% | 0.27% | 0.51% | 0.38% | 0.75% | 0.64% | 0.61% |
Net Interest Margin | 1.57% | 1.62% | 1.57% | 1.58% | 1.45% | 1.43% | 1.42% | 1.64% | 1.47% | 1.39% |
Efficiency Ratio | 21.77% | 20.13% | 33.08% | 31.16% | 42.26% | 42.71% | 34.4% | 19.8% | 18.24% | 54.63% |
Equity / Assets | 5.96% | 6.04% | 5.83% | 6.13% | 5.94% | 5.75% | 5.21% | 5.35% | 5.03% | 4.83% |
Book Value / Share | 12.99 | 13.13 | 13.31 | 14.03 | 14.27 | 14.05 | 13.91 | 14.64 | 16.21 | 17.07 |
NII Growth | 5.41% | 3.57% | 1.7% | 0.94% | -3.37% | 0.09% | 1.04% | 16.13% | -5.97% | -2.28% |
Dividend Payout | 54.2% | 52.27% | 56.59% | 56.03% | 0.12% | 49.87% | 84.19% | 40.72% | 60.69% | - |
Related:ING Dividend History·ING Revenue History·ING Price History·ING P/E History·ING Financial Ratios·ING Institutional Holders
ING Frequently Asked Questions
ING Groep N.V. (ING) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
ING Groep N.V. (ING) saw revenue decline by 65.3% over the past year.
Yes, ING Groep N.V. (ING) is profitable, generating $6.33B in net income for fiscal year 2025 (27.5% net margin).
Dividend & Returns
ING Groep N.V. (ING) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.
Industry Metrics
ING Groep N.V. (ING) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.
ING Groep N.V. (ING) has an efficiency ratio of 54.6%. This is excellent, indicating strong cost control.