INGNYSECommercial Banks, NECFiscal year ends December 31Also trades as INGVF

ING GROEP NV

Financials through fiscal 2025, year ended Dec 31, 2025

$32.82−0.63 (-1.88%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2014 to 2025

100.0%+0.0 pts over 5 years

32.4%+19.4 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+21.8%	-5.5%	+8.3%	+3.6%
Operating income	+21.8%	-5.5%	+8.3%	–
Net income	+56.1%	-11.8%	+29.9%	+5.4%
EPS, diluted	+68.5%	-6.0%	+36.8%	+8.1%
Dividend per share	+2.5%	+24.8%	+55.4%	+5.3%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	10.8%	4.4%	15.6%
Return on assets	0.5%	0.2%	0.8%
Interest coverage	–	1.9×	0.7×
Capex to revenue	2.3%	1.7%	1.4%
Diluted shares	3.88B	3.90B	2.99B

Return on equity split into margin, efficiency and leverage

Net margin32.4%

Asset turnover0.02×

Equity multiplier19.52×

Return on equity, FY202515.6%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	32.4%	0.02×	19.52×	15.6%
FY2024	25.3%	0.02×	18.66×	9.9%
FY2023	22.8%	0.02×	17.60×	7.4%
FY2022	39.9%	0.03×	17.74×	22.3%
FY2021	29.6%	0.02×	18.16×	11.5%
FY2020	13.1%	0.02×	17.76×	4.4%
FY2019	22.8%	0.02×	17.72×	7.8%
FY2018	26.0%	0.02×	17.73×	9.8%
FY2017	29.4%	0.02×	17.62×	11.4%
FY2016	27.8%	0.02×	20.00×	10.8%

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is ING.

Revenue growth21.8% · median 10.4%

Net margin32.4% · median 31.3%

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