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ING logoING Groep N.V.(ING)Earnings, Financials & Key Ratios

ING•NYSE•Banking & Credit
$29.96
$86.18B mkt cap·12.0× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryEuropean universal banks
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%
  • Tangible BV/Share16.57+4.9%
  • Debt/Equity3.32-0.5%
Analysis→Technical→

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
  • ✓Trading at only 1.5x book value

✗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.

ING Price & Volume

ING Groep N.V. (ING) stock price & volume — 10-year historical chart

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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

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026
EPS
$0.63
Est $0.60
+5.0%
Revenue
$6.8B
Est $6.9B
-0.4%
Q1 2026
Jan 29, 2026
EPS
$0.56
Est $0.50
+12.0%
Revenue
$6.9B
Est $6.7B
+3.7%
Q4 2025
Oct 30, 2025
EPS
$0.70
Est $0.64
+9.4%
Revenue
$6.9B
Est $6.3B
+9.2%
Q3 2025
Jul 31, 2025
EPS
$0.64
Est $0.59
+8.5%
Revenue
$28.6B
Est $6.2B
+358.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.63vs $0.60+5.0%
$6.8Bvs $6.9B-0.4%
Q1 2026Jan 29, 2026
$0.56vs $0.50+12.0%
$6.9Bvs $6.7B+3.7%
Q4 2025Oct 30, 2025
$0.70vs $0.64+9.4%
$6.9Bvs $6.3B+9.2%
Q3 2025Jul 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

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DB logoDBDeutsche Bank AGDirect Competitor61.26B32.028.83-8.25%8.7%3.18
BBVA logoBBVABanco Bilbao Vizcaya Argentaria, S.A.Direct Competitor124.46B22.1611.174.08%17.25%1.32
SAN logoSANBanco Santander, S.A.Direct Competitor182.01B12.4012.14-7.71%12.76%4.40
BCS logoBCSBarclays PLCDirect Competitor82.43B24.0210.78-52.96%9.19%2.81
UBS logoUBSUBS Group AGDirect Competitor140.31B45.2124.18-20.43%7%3.94
JPM logoJPMJPMorgan Chase & Co.Product Competitor849.03B314.9015.9414.61%16.11%2.18
BAC logoBACBank of America CorporationProduct Competitor407.94B53.6014.03-1.91%10.1%1.21
C logoCCitigroup Inc.Product Competitor222.93B127.5721.449.86%6.87%2.82

Compare ING vs Peers

ING Groep N.V. (ING) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DB

Most directly comparable listed peer for ING.

Scale Benchmark

vs JPM

Larger-name benchmark to compare ING against a more recognizable public peer.

Peer Set

Compare Top 5

vs DB, BBVA, SAN, BCS

ING Income Statement

ING Groep N.V. (ING) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income13.71B13.95B14.08B13.6B13.62B13.76B15.98B15.02B14.68B
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 Income44.06B28.17B28.45B22.7B21.11B28.47B52.23B58.91B14.68B
Interest Expense30.35B14.23B14.38B9.09B7.5B14.71B36.25B43.88B0
Loan Loss Provision676M656M1.12B2.65B491M1.83B495M1.11B1.3B
Non-Interest Income3.88B4.15B3.98B4.24B4.67B5.13B6.67B7.5B8.35B
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 Expense9.65B10.69B10.11B11.38B11.01B11.56B11.66B12.11B12.58B
Efficiency Ratio20.13%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 Tax2.28B2.04B1.96B1.25B1.88B1.73B2.97B2.65B2.54B
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)4.99B4.71B4.88B2.56B4.91B3.78B7.52B6.65B6.6B
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)1.261.211.230.641.231.021.161.652.12
Diluted Shares Outstanding3.89B3.89B3.9B3.9B3.89B3.62B3.57B3.17B2.98B

ING Balance Sheet

ING Groep N.V. (ING) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments59.97B102.87B111.5B164.93B135.85B118.23B130.06B114.74B106.31B
Cash & Due from Banks24.45B53.23B55.01B112.23B106.06B87.25B89.89B69.96B52.89B
Short Term Investments35.52B49.64B56.5B52.7B29.8B30.98B40.17B44.78B53.42B
Total Investments807.15B823.8B835.96B823.01B807.31B830.34B845.5B896.35B932.64B
Investments Growth %-0.31%2.06%1.48%-1.55%-1.91%2.85%1.83%6.01%4.05%
Long-Term Investments771.64B774.16B779.46B770.31B777.51B799.36B805.33B851.57B879.21B
Accounts Receivables4.53B00000000
Goodwill & Intangibles1.51B1.84B1.89B1.39B1.16B1.09B1.2B1.33B1.51B
Goodwill837.16M918.76M896.72M532.34M473.4M460.18M470.78M475.99M0
Intangible Assets669.93M921.76M997.56M859.93M686.03M632.75M731.77M857.99M1.51B
PP&E (Net)1.8B1.66B3.17B2.84B2.52B2.45B2.4B2.43B2.48B
Other Assets4.85B4.62B-5.93B-4.18B31.95B43.62B34.04B48B64.89B
Total Current Assets65.64B103.91B112.56B166.14B137.2B119.5B131.33B116.13B106.31B
Total Non-Current Assets780.58B783.12B779.35B771.14B814.09B848.32B844.25B904.41B948.09B
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 Payable3.61B61M0000000
Total Debt112.05B133.47B135.12B78.95B116.01B119.5B150B171.33B169.33B
Net Debt90.06B83.49B81.91B-33.28B9.96B32.25B60.11B101.37B116.44B
Long-Term Debt112.05B133.47B118.18B77.39B114.79B118.32B148.84B170.21B169.33B
Short-Term Debt000000000
Other Liabilities40.57B-12.23B-4.59B36.63B33.51B47.74B38.95B40.56B15.04B
Total Current Liabilities632.2B704.82B728.29B738.64B746.49B749.88B734.25B757.05B819.08B
Total Non-Current Liabilities162.9B130.47B115.8B142.97B150.15B167.52B189.15B212.19B184.37B
Total Liabilities795.1B835.29B844.09B881.62B896.63B917.41B923.4B969.24B1T
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 Share13.1313.3114.0314.2714.0513.9114.6416.2117.07
Tangible BV per Share12.7412.8413.5513.9113.7513.6114.3015.7916.57
Common Stock17.05B17.09B39M39M39M37M35M31M49.7B
Additional Paid-in Capital17.01B17.05B17.08B17.09B17.11B17.12B17.12B17.12B0
Retained Earnings31.52B33.2B32.66B35.18B37.32B34.94B36.85B33.85B0
Accumulated OCI1.85B656M4B2.33B1.07B-985M-771M77M0
Treasury Stock-15M-11M-10M-4M-1.61B-1.21B-1.99B-765M0
Preferred Stock000000000

ING Cash Flow Statement

ING Groep N.V. (ING) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-5.25B6.92B13.05B18.46B-14.94B-11.11B-11.34B-22.54B0
Operating CF Growth %-161.42%231.64%88.79%41.39%-180.95%25.64%-2.05%-98.8%100%
Net Income7.27B6.84B6.83B3.81B5.95B5.5B10.49B9.3B6.33B
Depreciation & Amortization520M520M789M829M834M711M674M673M0
Deferred Taxes00-41M-19M0-26M000
Other Non-Cash Items-312M-2.71B-1.19B-82.52B18.35B5.91B-4.57B-1.21B-6.33B
Working Capital Changes-12.73B2.27B6.63B96.34B-40.11B-23.24B-17.94B-31.31B0
Cash from Investing11.75B5.45B-2.5B-8.49B6.22B-5.31B-8.54B-6.03B0
Purchase of Investments-25.55B-28.86B-29.44B-54.8B-58.4B-43.7B-69.97B-131.55B0
Sale/Maturity of Investments35.72B34.48B26.49B46.52B64.74B38.54B61.62B125.8B0
Net Investment Activity10.16B5.63B-2.95B-8.27B6.34B-5.17B-8.36B-5.75B0
Acquisitions1.89B-111M-17M-3M27M7M000
Other Investing-40M223M825M73M38M83M58M50M0
Cash from Financing-3.95B15.98B-4.15B-34.8B5.39B4.65B18.4B5.37B0
Dividends Paid-2.56B-2.61B-2.68B-3M-2.38B-3.09B-2.97B-3.88B0
Share Repurchases0000-1.61B-1.72B-3.53B-3.82B0
Stock Issued7M4M1M5M00000
Net Stock Activity7M4M1M5M-1.61B-1.72B-3.53B-3.82B0
Debt Issuance (Net)-1000K1000K-1000K-1000K1000K1000K1000K1000K0
Other Financing18.29B31.63B3M01M-1M01M0
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 Effect260M204M95M-425M-565M-504M-898M-740M0
Cash at Beginning16.16B18.98B47.53B54.03B111.57B107.67B95.39B93.01B69.07B
Cash at End18.98B47.53B54.03B111.56B107.67B95.39B93.01B69.07B0
Interest Paid00000033.73B41.19B0
Income Taxes Paid000000000
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

Metric2016201720182019202020212022202320242025
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 Margin1.57%1.62%1.57%1.58%1.45%1.43%1.42%1.64%1.47%1.39%
Efficiency Ratio21.77%20.13%33.08%31.16%42.26%42.71%34.4%19.8%18.24%54.63%
Equity / Assets5.96%6.04%5.83%6.13%5.94%5.75%5.21%5.35%5.03%4.83%
Book Value / Share12.9913.1313.3114.0314.2714.0513.9114.6416.2117.07
NII Growth5.41%3.57%1.7%0.94%-3.37%0.09%1.04%16.13%-5.97%-2.28%
Dividend Payout54.2%52.27%56.59%56.03%0.12%49.87%84.19%40.72%60.69%-

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.

Explore More ING

ING Groep N.V. (ING) financial analysis — history, returns, DCA and operating performance tools

Full ING Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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