ING Groep N.V. (ING) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ING Groep N.V. (ING) stock price & volume — 10-year historical chart
ING Groep N.V. (ING) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
ING Groep N.V. (ING) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
ING Groep N.V. (ING) competitors in European universal banks — business model, growth, and fundamentals comparison
ING Groep N.V. (ING) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ING Groep N.V. (ING) annual income statement — 10-year revenue, gross profit & net income history
| Line item | 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 Groep N.V. (ING) balance sheet — assets, liabilities & shareholders' equity
| Line item | 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 Groep N.V. (ING) cash flow — operating, investing & free cash flow history
| Line item | 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 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% | - |
ING Groep N.V. (ING) stock FAQ — growth, dividends, profitability & financials explained
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).
ING Groep N.V. (ING) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.
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.
ING Groep N.V. (ING) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates