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ING Groep ING

US equityMarket cap rank #152Banks - Diversified
$36.06
+$0.14 (+0.39%)
Market open · Sep 24, 2:00 pm ET
After hours $35.92 0.00%
Open$35.96
Prev close$35.92
Day range$35.75 – $36.22
Volume1.49M
Market cap$103.73B
P/E (TTM)13.7
Dividend yield3.43%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in EUR

Revenue€6.26B+9.7% YoY
Net profit€2.02B+16.2% YoY
Diluted EPS€0.68+21.4% YoY
Free cash flow-€1.48B-120.7% YoY
Operating cash flow-€1.13B

Revenue, last 8 quarters

€5.9BSep '24€5.4BDec '24€5.6BMar '25€5.7BJun '25€5.9BSep '25€5.8BDec '25€5.8BMar '26€6.3BJun '26

Net profit, last 8 quarters

€1.9BSep '24€1.2BDec '24€1.5BMar '25€1.7BJun '25€1.9BSep '25€1.5BDec '25€1.6BMar '26€2.0BJun '26

Diluted EPS by quarter

0.59Sep '240.37Dec '240.47Mar '250.56Jun '250.60Sep '250.48Dec '250.54Mar '260.68Jun '26

Free cash flow by quarter

€8.8BMar '14€-7.2BJun '14€2.9BSep '14€7.2BDec '14€-4.0BMar '15€1.1BJun '15€14.6BSep '15€-1.5BDec '15

Annual revenue

€17.8BFY20€18.3BFY21€18.9BFY22€22.7BFY23€22.6BFY24€22.9BFY25

Profitability & balance sheet

Net margin28.3%
Return on equity13.5%
Return on assets0.6%
Liabilities / assets95.6%
Cash & investments€64.95B
Total debt€185.08B
Net cash (debt)-€120.13B

Where the revenue comes from

Quarter 2025/FY

By business line

  • Wholesale Banking€7.01B 30.4%
  • Retail Netherlands€4.97B 21.6%
  • Retail Other€4.91B 21.3%
  • Retail Germany€2.99B 13.0%
  • Retail Belgium€2.67B 11.6%
  • Corporate Line€484.00M 2.1%

By region

  • Netherlands€5.58B 24.2%
  • Germany€3.73B 16.2%
  • Belgium€3.11B 13.5%
  • Other€2.81B 12.2%
  • Poland€2.80B 12.1%
  • United States America (USA)€1.26B 5.5%
  • Spain€1.21B 5.2%
  • Australia€971.00M 4.2%
  • United Kingdom (UK)€782.00M 3.4%
  • Romania€778.00M 3.4%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Total Operating Revenue €6.26B €5.82B €22.90B €5.80B €5.85B
Net Interest Income €4.13B €4.06B €14.68B €3.82B €3.71B
-Interest Income €20.94B €4.06B €51.05B €3.82B €3.71B
Non-Interest Income €2.13B €1.77B €8.22B €1.98B €2.15B
-Fees and Commissions €1.28B €1.24B €4.60B €1.22B €1.17B
-Other Non-Interest Income -€388.00M €526.00M €70.00M €744.00M €918.00M
-Gain Loss on Sale of Assets -€1.32B €7.00M -€3.81B €15.00M €66.00M
Credit Losses Provision -€279.00M -€346.00M -€1.30B -€365.00M -€326.00M
Non-Interest Expense €3.11B €3.20B €12.58B €3.23B €2.94B
Other Non-Interest Expenses -€1.52B €3.20B €3.42B €3.23B €2.94B
Other Income (Expense) €50.00M -€25.00M €132.00M -€104.00M -€29.00M
Special Income (Charges) €50.00M -€25.00M -€77.00M -€104.00M -€29.00M
-Less:Restructuring and Mergern & Acquisition -€50.00M €25.00M – €104.00M €73.00M
Pretax Profit €2.92B €2.26B €9.15B €2.10B €2.56B
Tax €902.00M €652.00M €2.55B €606.00M €703.00M
Net Profit €2.02B €1.61B €6.60B €1.49B €1.86B
Profit from Continuing Operations €2.02B €1.61B €6.60B €1.49B €1.86B
Minority Interests €70.00M €50.00M €275.00M €78.00M €70.00M
Net Income to Parent Company €1.95B €1.56B €6.33B €1.41B €1.79B
Net Income to Common Stockholders €1.95B €1.56B €6.33B €1.41B €1.79B
Basic EPS €0.68 €0.54 €2.12 €0.48 €0.60
Diluted EPS €0.68 €0.54 €2.12 €0.48 €0.60
Dividend Per Share €0.74 €0.00 €1.05 €0.00 €0.35
-Interest Expense – – €36.37B – –
-Dividend Income – – €116.00M – –
-Trading Gain Loss – – €5.06B – –
-Foreign Exchange Trading Gains – – €2.18B – –
Professional Expense and Contract Services Expense – – €440.00M – –
Selling and Admin Expenses – – €8.04B – –
-Selling & Marketing Expense – – €443.00M – –
-General & Admin Expense – – €7.60B – –
Depreciation & Amortization & Depletion – – €681.00M – –
-Depreciation & Amortization – – €681.00M – –
Income from Associates & Other Participating Interests – – €209.00M – –
-Less:Other Special Charges – – €68.00M – –
-Less:Write Off – – €9.00M – –
-Gain on Sale of Business – – – – €44.00M

Balance sheet

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Total Assets €1.16T €1.14T €1.05T €1.05T €1.09T
Cash, Cash Equivalents & Federal Funds Sold €64.95B €68.59B €59.73B €59.73B €82.87B
-Cash and Cash Equivalents €64.95B €68.59B €52.89B €52.89B €82.87B
Securities Investment €285.95B €278.13B €140.09B €140.09B €251.48B
-Trading Securities €64.73B €61.86B €29.39B €29.39B €60.69B
-Available for Sale Securities €161.81B €156.94B €57.28B €57.28B €138.91B
-Short Term Investments €59.41B €59.33B €53.42B €53.42B €51.88B
Long Term Equity Investment €1.18B €1.52B €1.61B €1.61B €1.55B
Derivative Assets €1.50B €1.98B €26.00B €26.00B €1.60B
Net Loan €789.56B €772.52B €813.66B €813.66B €740.71B
-Gross Loan €795.58B €778.51B €819.58B €819.58B €746.54B
-Allowance for Loans and Lease Losses €6.02B €6.00B €5.91B €5.91B €5.83B
Receivables €408.00M – €938.00M €938.00M –
-Other Receivables €408.00M – €938.00M €938.00M –
Net PPE €2.65B €2.59B €2.48B €2.48B €2.43B
Goodwill and Other Intangible Assets €1.74B €1.55B €1.51B €1.51B €1.46B
-Goodwill €588.00M – €477.00M €477.00M –
-Other Intangible Assets €1.15B – €1.04B €1.04B –
Deferred Assets €908.00M – €893.00M €893.00M –
Other Assets €11.90B €10.46B €5.96B €5.96B €10.05B
Total Liabilities €1.11T €1.09T €1.00T €1.00T €1.04T
Total Deposits €804.87B €785.46B €787.01B €787.01B €762.83B
Derivative Product Liabilities €1.26B €1.62B €22.02B €22.02B €1.46B
Trading Liabilities €102.06B €99.82B €2.55B €2.55B €91.69B
Payables €517.00M – €3.27B €3.27B –
-Total Tax Payable €517.00M – €1.25B €1.25B –
Long Term Debt and Capital Lease Obligation €185.08B €182.90B €179.22B €179.22B €170.48B
-Long Term Debt €185.08B €182.90B €178.17B €178.17B €170.48B
Non-Current Liabilities €902.00M – €941.00M €941.00M –
Non-Current Deferred Liabilities €363.00M – €380.00M €380.00M –
Other Liabilities €14.33B €15.66B €7.08B €7.08B €15.34B
Total Equity €51.39B €52.06B €50.95B €50.95B €50.57B
Stockholders' Equity €50.25B €50.87B €49.70B €49.70B €49.45B
Capital Stock €29.00M – €30.00M €30.00M –
-Common Stock €29.00M – €30.00M €30.00M –
Additional Paid-In Capital €17.12B – €17.12B €17.12B –
Retained Earnings €35.16B – €35.63B €35.63B –
Less: Treasury Stock €1.45B – €2.40B €2.40B –
Gains/Losses Not Affecting Retained Earnings -€605.00M – -€674.00M -€674.00M –
Minority Interests €1.14B €1.19B €1.26B €1.26B €1.12B
Assets Held for Sale – €164.00M €164.00M €164.00M €205.00M
-Money Market Investments – – €6.84B €6.84B –
-Gross PPE – – €6.33B €6.33B –
-Accumulated Depreciation – – -€3.85B -€3.85B –
Prepaid Assets – – €829.00M €829.00M –
Foreclosed Assets – – €17.00M €17.00M –
Defined Pension Benefit – – €528.00M €528.00M –
-Other Payable – – €2.02B €2.02B –
-Long Term Capital Lease Obligation – – €1.05B €1.05B –
Employee Benefits – – €981.00M €981.00M –

Cash flow

Line item 2025 ANNUAL
(EUR)
2024 ANNUAL
(EUR)
2023 ANNUAL
(EUR)
2022 ANNUAL
(EUR)
2021 ANNUAL
(EUR)
Operating Cash Flow -€6.38B -€22.54B -€11.34B -€11.11B -€14.94B
Net cash flow from continuing operations -€6.38B -€22.55B -€11.34B -€11.11B -€14.95B
Net Income from Continuing Operations €9.15B €9.30B €10.49B €5.50B €6.78B
Gain/Loss from Continuing Operations -€427.00M €1.13B €447.00M – –
Depreciation & Depletion & Amortization €665.00M €673.00M €674.00M €711.00M €834.00M
Other Non-Cash Items €3.44B -€780.00M -€2.84B €5.53B €415.00M
Change in Working Capital -€18.14B -€31.31B -€17.94B -€23.24B -€21.62B
-Change in Loans -€54.82B -€42.14B €6.88B -€25.13B -€27.60B
-Change in Other Current Assets -€18.68B €577.00M -€5.42B -€6.96B -€370.00M
-Change in Other Current Liabilities €11.53B -€7.85B €6.80B €4.42B -€6.50B
-Change in Other Working Capital €55.36B €10.25B -€19.40B €8.86B €6.35B
Net cash flow from investing -€15.70B -€6.03B -€8.55B -€5.31B €6.22B
Net Cash Flow from Continuing Investing Activities -€15.70B -€6.03B -€8.55B -€5.31B €6.22B
Net PPE Purchase and Sale -€312.00M -€282.00M -€189.00M -€148.00M -€145.00M
Net Investment Purchase and Sale -€15.38B -€5.75B -€8.36B -€5.17B €6.34B
Net Other Investing Changes -€1.00M – €1.00M – -€1.00M
Financing Cash Flow €8.25B €5.37B €18.40B €4.65B €5.39B
Net Cash Flow from Continuing Financing Activities €8.24B €5.37B €18.40B €4.65B €5.39B
Net Issuance Payments of Debt €15.83B €13.07B €24.90B €9.46B €9.38B
Net Common Stock Issuance -€3.71B -€3.82B -€3.53B -€1.72B -€1.61B
Cash Dividends Paid -€3.88B -€3.88B -€2.97B -€3.09B -€2.38B
Net Other Financing Activities €1.00M €1.00M – -€1.00M €1.00M
Ending Cash Balance €54.15B €69.07B €93.01B €95.39B €107.67B
Net Change in Cash -€13.83B -€23.20B -€1.48B -€11.77B -€3.34B
Beginning Cash Balance €69.07B €93.01B €95.39B €107.67B €111.57B
Effect of Exchange Rate Changes -€1.09B -€740.00M -€898.00M -€504.00M -€565.00M
Free Cash Flow -€6.73B -€22.88B -€11.59B -€11.34B -€15.13B
Net Business Purchase and Sale – €0.00 €0.00 €7.00M €27.00M
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