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ING GROEP NV

ING Clue Score53
Netherlands Fiscal year ends December CIK 0001039765
$33.37 -0.18% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $33.37 +127.63% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue17.90Net income4.98EPS, diluted1.28Fiscal year 2017Revenue18.59 +3.8%Net income5.46 +9.8%EPS, diluted1.41 +10.2%Fiscal year 2018Revenue18.32 −1.4%Operating income18.32Net income4.76 −12.9%EPS, diluted1.22 −13.5%Fiscal year 2019Revenue17.13 −6.5%Operating income17.13Net income3.90 −18.0%EPS, diluted1.00 −18.0%Fiscal year 2020Revenue17.23 +0.6%Operating income17.23Net income2.25 −42.4%EPS, diluted0.58 −42.0%Fiscal year 2021Revenue20.09 +16.6%Operating income20.09Net income5.95 +164.5%EPS, diluted1.53 +163.8%Fiscal year 2022Revenue30.42 +51.4%Operating income30.42Net income12.13 +103.8%EPS, diluted3.35 +119.0%Fiscal year 2023Revenue18.12 −40.4%Operating income18.12Net income4.14 −65.9%EPS, diluted1.16 −65.4%Fiscal year 2024Revenue21.09 +16.4%Operating income21.09Net income5.33 +28.8%EPS, diluted1.65 +42.2%Fiscal year 2025Revenue25.68 +21.8%Operating income25.68Net income8.32 +56.1%EPS, diluted2.78 +68.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 17.90 18.59 18.32 17.13 17.23 20.09 30.42 18.12 21.09 25.68
Growth +3.8% −1.4% −6.5% +0.6% +16.6% +51.4% −40.4% +16.4% +21.8%
Operating income n/a n/a 18.32 17.13 17.23 20.09 30.42 18.12 21.09 25.68
Net income 4.98 5.46 4.76 3.90 2.25 5.95 12.13 4.14 5.33 8.32
Growth +9.8% −12.9% −18.0% −42.4% +164.5% +103.8% −65.9% +28.8% +56.1%
EPS, diluted 1.28 1.41 1.22 1.00 0.58 1.53 3.35 1.16 1.65 2.78
Growth +10.2% −13.5% −18.0% −42.0% +163.8% +119.0% −65.4% +42.2% +68.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Net margin27.8%Free cash flow margin45.5%Fiscal year 2017Net margin29.4%Free cash flow margin−29.9%Fiscal year 2018Operating margin100.0%Net margin26.0%Free cash flow margin36.2%Fiscal year 2019Operating margin100.0%Net margin22.8%Free cash flow margin74.2%Fiscal year 2020Operating margin100.0%Net margin13.1%Free cash flow margin586.0%Fiscal year 2021Operating margin100.0%Net margin29.6%Free cash flow margin−75.3%Fiscal year 2022Operating margin100.0%Net margin39.9%Free cash flow margin−37.3%Fiscal year 2023Operating margin100.0%Net margin22.8%Free cash flow margin−63.9%Fiscal year 2024Operating margin100.0%Net margin25.3%Free cash flow margin−108.5%Fiscal year 2025Operating margin100.0%Net margin32.4%Free cash flow margin−26.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Net margin 27.8% 29.4% 26.0% 22.8% 13.1% 29.6% 39.9% 22.8% 25.3% 32.4%
Free cash flow margin 45.5% −29.9% 36.2% 74.2% 586.0% −75.3% −37.3% −63.9% −108.5% −26.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow8.55Capital expenditure−0.42Free cash flow8.14Dividends paid−2.52Fiscal year 2017Operating cash flow−5.25Capital expenditure−0.30Free cash flow−5.56 −168.3%Dividends paid−2.56Fiscal year 2018Operating cash flow6.92Capital expenditure−0.29Free cash flow6.63Dividends paid−2.61Fiscal year 2019Operating cash flow13.06Capital expenditure−0.36Free cash flow12.70 +91.6%Dividends paid−2.68Fiscal year 2020Operating cash flow101.24Capital expenditure−0.29Free cash flow100.96 +694.9%Dividends paid−0.00Fiscal year 2021Operating cash flow−14.94Capital expenditure−0.18Free cash flow−15.13 −115.0%Dividends paid−2.38Fiscal year 2022Operating cash flow−11.11Capital expenditure−0.23Free cash flow−11.34Dividends paid−3.09Fiscal year 2023Operating cash flow−11.34Capital expenditure−0.25Free cash flow−11.59Buybacks−3.53Dividends paid−2.97Fiscal year 2024Operating cash flow−22.54Capital expenditure−0.33Free cash flow−22.88Buybacks−3.82Dividends paid−3.88Fiscal year 2025Operating cash flow−6.38Capital expenditure−0.35Free cash flow−6.73Buybacks−3.71Dividends paid−3.89
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 8.55 −5.25 6.92 13.06 101.24 −14.94 −11.11 −11.34 −22.54 −6.38
Capital expenditure −0.42 −0.30 −0.29 −0.36 −0.29 −0.18 −0.23 −0.25 −0.33 −0.35
Free cash flow 8.14 −5.56 6.63 12.70 100.96 −15.13 −11.34 −11.59 −22.88 −6.73
Growth −168.3% +91.6% +694.9% −115.0%
Buybacks n/a n/a n/a n/a n/a n/a n/a −3.53 −3.82 −3.71
Dividends paid −2.52 −2.56 −2.61 −2.68 −0.00 −2.38 −3.09 −2.97 −3.88 −3.89

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash16.16Shareholders’ equity47.26Fiscal year 2017Cash18.98Shareholders’ equity48.43Fiscal year 2018Cash47.53Shareholders’ equity49.05Fiscal year 2019Cash54.03Shareholders’ equity51.00Fiscal year 2020Cash111.57Shareholders’ equity51.62Fiscal year 2021Cash107.67Shareholders’ equity52.07Fiscal year 2022Cash95.39Shareholders’ equity56.50Fiscal year 2023Cash93.01Shareholders’ equity54.68Fiscal year 2024Cash69.07Shareholders’ equity52.70Fiscal year 2025Cash54.15Shareholders’ equity54.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 16.16 18.98 47.53 54.03 111.57 107.67 95.39 93.01 69.07 54.15
Shareholders’ equity 47.26 48.43 49.05 51.00 51.62 52.07 56.50 54.68 52.70 54.08

In billions of EUR, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of EUR, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
17.90 18.59 18.32 17.13 17.23 20.09 30.42 18.12 21.09 25.68
Growth +3.8% −1.4% −6.5% +0.6% +16.6% +51.4% −40.4% +16.4% +21.8%
n/a n/a 18.32 17.13 17.23 20.09 30.42 18.12 21.09 25.68
Growth −6.5% +0.6% +16.6% +51.4% −40.4% +16.4% +21.8%
6.31 8.09 6.99 5.65 3.40 8.39 17.36 6.04 7.77 11.79
1.71 2.54 2.12 1.65 1.07 2.31 5.13 1.66 2.18 3.19
4.98 5.46 4.76 3.90 2.25 5.95 12.13 4.14 5.33 8.32
Growth +9.8% −12.9% −18.0% −42.4% +164.5% +103.8% −65.9% +28.8% +56.1%
Per share
1.28 1.41 1.22 1.00 0.58 1.53 3.35 1.16 1.65 2.78
1.28 1.41 1.22 1.00 0.58 1.53 3.35 1.16 1.65 2.78
Growth +10.2% −13.5% −18.0% −42.0% +163.8% +119.0% −65.4% +42.2% +68.5%
3,875 3,883 3,889 3,895 3,899 3,889 3,619 3,563 3,229 2,990
3,879 3,886 3,890 3,895 3,901 3,891 3,624 3,565 3,229 2,990
Growth +0.2% +0.1% +0.1% +0.1% −0.3% −6.8% −1.6% −9.4% −7.4%

Shown in EUR as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.3% a year over five years, and earnings per share grew 36.8% a year.
  • The diluted share count fell 23.4% in five years, so buybacks did some of the work per share.
  • Operating margin is flat at 100.0%.
  • Profitable in every one of the 10 years on file.