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Financials · ING

ING Group N.V. (ING) financials

For fiscal 2025 (ended Dec 31, 2025), ING Group N.V. reported €25.68B of revenue and €8.32B of net income. Figures are in EUR, the currency of its SEC filings.

Revenue, FY2025
€25.68B
Revenue growth, YoY
+21.8%
Net income, FY2025
€8.32B
Net income growth, YoY
+56.1%
Net margin
32.4%
Free cash flow, FY2025
-€6.73B
EPS, diluted, FY2025
€2.78
EPS growth, YoY
+68.5%
Cash
€54.15B
Annual revenue€25.68B
FY2016FY2025
Annual net income€8.32B
FY2016FY2025
Annual free cash flow-€6.73B
FY2016FY2025

ING revenue and earnings growth

ING revenueFY2025€25.68B

FY YoY
+21.8%
5Y CAGR
+8.3%
10Y CAGR
+3.6%

ING revenue was €25.68B for fiscal 2025 (ended Dec 31, 2025), up 21.8% from fiscal 2024. Compound annual growth was +8.3% over 5 years and +3.6% over 10 years. It rose in 6 of the last 10 fiscal years.

ING net incomeFY2025€8.32B

FY YoY
+56.1%
5Y CAGR
+29.9%
10Y CAGR
+5.4%

ING net income was €8.32B for fiscal 2025 (ended Dec 31, 2025), up 56.1% from fiscal 2024. Compound annual growth was +29.9% over 5 years and +5.4% over 10 years. It rose in 6 of the last 10 fiscal years.

ING EPSFY2025€2.78

FY YoY
+68.5%
5Y CAGR
+36.8%
10Y CAGR
+8.1%

ING diluted EPS was €2.78 for fiscal 2025 (ended Dec 31, 2025), up 68.5% from fiscal 2024. Compound annual growth was +36.8% over 5 years and +8.1% over 10 years.

ING free cash flowFY2025-€6.73B

ING free cash flow was -€6.73B for fiscal 2025 (ended Dec 31, 2025), compared with -€22.88B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue€25.68B€21.09B€19.76B€30.42B€20.09B€17.23B€17.13B€18.32B€18.59B€17.90B
Selling, general and admin-€277.00M€289.00M€273.00M€281.00M€320.00M€325.00M€564.00M€587.00M€580.00M
Operating income€25.68B€21.09B€18.12B€30.42B€20.09B€17.23B€17.13B€18.32B--
Interest expense€36.37B€43.87B€36.24B€13.78B€7.05B€9.01B€14.35B€14.17B€30.35B€30.94B
Pre-tax income€11.79B€7.77B€6.04B€17.36B€8.38B€3.40B€5.65B€6.99B€8.09B€6.31B
Income tax€3.19B€2.18B€1.66B€5.13B€2.31B€1.07B€1.65B€2.12B€2.54B€1.71B
Net income€8.32B€5.33B€4.14B€12.13B€5.95B€2.25B€3.90B€4.76B€5.46B€4.97B
EPS, basic€2.78€1.65€1.16€3.35€1.53€0.58€1.00€1.22€1.41€1.28
EPS, diluted€2.78€1.65€1.16€3.35€1.53€0.58€1.00€1.22€1.41€1.28
Diluted shares2.99B3.23B3.57B3.62B3.89B3.90B3.90B3.89B3.89B3.88B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents€54.15B€69.07B€93.01B€95.39B€107.67B€111.57B€54.03B€47.53B€18.98B€16.16B
Total assets€1.06T€1.02T€980.30B€976.83B€949.25B€933.89B€888.52B€884.60B€843.88B€842.22B
Total debt-----€19.40B----
Total liabilities€1.00T€970.16B€924.67B€919.83B€896.45B€881.25B€836.63B€834.75B€794.73B€794.35B
Shareholders' equity€54.08B€52.70B€54.68B€57.00B€52.80B€52.64B€51.89B€49.85B€48.14B€47.86B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-€6.38B-€22.54B-€11.34B-€11.11B-€14.94B€101.24B€13.05B€6.92B-€5.25B€8.55B
Capital expenditures€351.00M€332.00M€246.00M€231.00M€184.00M€287.00M€355.00M€286.00M€304.00M€415.00M
Free cash flow-€6.73B-€22.88B-€11.59B-€11.34B-€15.13B€100.96B€12.70B€6.63B-€5.56B€8.14B
Investing cash flow-€15.70B-€6.03B-€8.54B-€5.31B€6.22B-€8.49B-€2.50B€5.45B€11.75B€6.13B
Financing cash flow€8.24B€5.37B€18.40B€4.65B€5.39B-€34.80B-€4.15B€15.98B-€3.95B-€19.06B
Dividends paid-€3.88B€2.97B€3.09B€2.38B€3.00M€2.68B€2.61B€2.56B€2.52B
Share repurchases€3.71B€3.82B€3.53B-------
Depreciation and amortization€665.00M€673.00M€674.00M€711.00M€834.00M€829.00M€789.00M€520.00M€520.00M€536.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY21.8%6.7%-35.0%51.4%16.6%0.6%-6.5%-1.4%3.8%-0.6%
Net income growth, YoY56.1%28.8%-65.9%103.8%164.5%-42.4%-18.0%-12.9%9.8%1.0%
EPS growth, YoY68.5%42.2%-65.4%119.0%163.8%-42.0%-18.0%-13.5%10.2%0.8%
Operating margin100.0%100.0%91.7%100.0%100.0%100.0%100.0%100.0%--
Net margin32.4%25.3%21.0%39.9%29.6%13.1%22.8%26.0%29.4%27.8%
Free cash flow margin-26.2%-108.5%-58.6%-37.3%-75.3%586.0%74.2%36.2%-29.9%45.5%
Return on equity15.4%10.1%7.6%21.3%11.3%4.3%7.5%9.6%11.4%10.4%
Return on assets0.8%0.5%0.4%1.2%0.6%0.2%0.4%0.5%0.6%0.6%
Debt to equity-----0.37----

Source: XBRL data ING Group N.V. files with the SEC, latest filing dated Feb 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

ING peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ING€25.68B+21.8%€8.32B32.4%$92.34B
RYC$66.61B+16.1%C$20.36B30.6%$278.49B
MUFG¥11.87T+9.5%¥1.73T14.6%$248.87B
TDC$67.78B+18.4%C$20.54B30.3%$199.90B
SAN€55.32B-1.5%€14.10B25.5%$169.86B
SMFG¥4.35T+13.6%¥1.14T26.1%$148.76B
BBVA--€10.51B-$142.00B
HDB₹2.50T+5.2%₹704.79B28.2%$128.97B

ING FAQ

8 questions
  • What is ING revenue?
    ING Group N.V. (ING) reported €25.68B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 21.8% from the year before.
  • Is ING profitable?
    Yes. ING Group N.V. earned €8.32B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 32.4%.
  • How much cash and debt does ING have?
    ING Group N.V. reported €54.15B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is ING revenue growing?
    ING Group N.V.'s revenue changed +21.8% in fiscal 2025, to €25.68B. Its compound annual growth rate was +8.3% over 5 years and +3.6% over 10 years.
  • What is ING free cash flow?
    ING Group N.V. generated -€6.73B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -€6.38B less capital expenditures.
  • What is ING earnings per share?
    Diluted earnings per share were €2.78 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did ING last report financial results?
    The latest statements here come from ING Group N.V.'s 20-F filed on Feb 26, 2026, covering the period ended Dec 31, 2025.
  • Where does this ING financial data come from?
    Quantisnow builds these statements from the structured XBRL data ING Group N.V. files with the SEC. It is provided for information only and is not investment advice.