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Lloyds Banking Group PLC

LYG Financial Banks Regional

Lloyds Banking Group PLC’s revenue for fiscal 2025 (year ended December 2025) was $48.7 billion, down 27.7% from fiscal 2024.

Revenue
−67.6%
EPS
+66.2%
Free cash flow
+62.3%
Total debt
+28.6%

Quarter to June 2026, against a year earlier

5.19 0.08 −1.52%
Market cap
$74.1B
P/E
12.0×
Fwd P/E
—
Dividend yield
4.13%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.65%

Capital & Financial Ratios $m

Size
Market Cap 74,100.00
Revenue ttm 11,376.68
Net income ttm (2,857.68)
Free cash flow ttm 38,045.12
Net debt Q (282,449.10)
Valuation
P/E 11.98
Forward P/E —
Price / sales 6.71
Forward P/S Powerpack
Price / FCF 2.01
Price / book 1.20
Financial health
Current ratio Q 0.57
Debt / equity Q 2.19
Interest coverage Q —
Growth
Revenue growth Q −67.58% (below 0%: shrinking)
Operating income growth Q −164.94% (below 0%: shrinking)
EPS, this year +41.66% (at or above 15%: strong)
EPS, next year A +13.84%
Revenue, next year A —
EPS, past 5 yrs +43.10% (at or above 15%: strong)
EPS, next 5 yrs A +23.47% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 41.88%
10-year low 10-year high
P/S against its own 10 years 94.83%
10-year low 10-year high
P/B against its own 10 years 86.80%
10-year low 10-year high

Dividends raised 5 years running

Yield
4.13%
Annual rate
0.21
Payout ratio
60.4%
Growth, 2018–26
+3.36%/yr
  1. 0.16 ’18
  2. 0.16 ’19 +0
  3. 0.10 ’20 −36
  4. 0.07 ’21 −34
  5. 0.10 ’22 +49
  6. 0.13 ’23 +21
  7. 0.15 ’24 +19
  8. 0.18 ’25 +20
  9. 0.21 ’26 +20
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 350,068 356,061 391,752 418,124
Receivables — — — —
Inventory — — — —
Other — — — —
922,895 953,808 1,036,199 418,124
2023 2024 2025 Q'26
Payables 594,023 624,769 662,299 687,505
ST’ Debt — — — —
Other — — — —
625,014 660,053 699,102 731,150

Compound Annual Growth %

10y 5y 3y
Sales 4.07% 3.00% 60.67%
Cash Flow (8.45%) (26.43%) (34.88%)
Earnings 26.74% 37.87% (3.78%)
Book Value 1.92% (0.10%) 2.40%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.14 Actual 0.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.11 0.12 Beat by 0.01
Mar 2026 0.11 0.13 Beat by 0.02
Jun 2026 0.14 0.13 Miss by 0.01
Sep 2026 0.14 0.15 Beat by 0.01
Dec 2026 0.14 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.13 — — — —
’25 0.11 — — — 0.36
’24 0.09 — — — 0.32
’23 0.11 0.08 0.02 — 0.37
’22 0.08 0.11 — — 0.36
’21 0.10 0.07 — 0.03 0.41
’20 0.03 0.00 — 0.03 0.06
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,292 — — — —
’25 1,878 — — — 48,714
’24 1,702 — — — 67,389
’23 1,669 7,071 5,505 — 56,058
’22 — — — — 11,746
’21 — — — — 56,841
’20 — 10,436 — 29,948 42,018
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 7,518
’24 — — — — (5,614)
’23 — — — — 8,471
’22 — — — — 27,225
’21 — — — — 9,105
’20 — — — — 34,888
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 20,474 — — —
’25 — 7,207 — — 1,237
’24 — (6,464) — — (10,797)
’23 — 14,975 — — 2,963
’22 — 12,615 — — 24,374
’21 — 6,808 — (17,024) 6,642
’20 — 32,233 — (36,538) 32,634
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 63,641 50,690 33,429 62,615 42,018 56,841 11,746 56,058 67,389 48,714 11,377 (2.9%) — — — —
Gross margin, % 84.36 87.05 88.21 86.38 89.13 90.58 61.16 67.26 63.95 52.58 66.28 (31.8) pt
EBT 5,269 7,250 7,955 5,609 1,574 9,491 8,569 9,333 7,630 8,784 8,970 +5.8%
EBT margin, % 8.28 14.30 23.80 8.96 3.75 16.70 72.96 16.65 11.32 18.03 78.84 +9.7 pt
Net income 5,269 7,250 7,955 5,609 1,574 9,491 8,569 9,333 7,630 8,784 (2,858) +5.8%
Per share, $
Per share, $ Revenue 3.57 2.83 1.87 3.55 2.38 3.21 0.68 3.45 4.32 3.26 0.77 (1.0%)
Earnings 0.16 0.23 0.33 0.18 0.06 0.41 0.36 0.38 0.32 0.37 0.43 +9.8%
Cash flow 0.16 (0.23) (0.83) 0.82 1.98 0.51 1.58 0.52 (0.36) 0.50 0.00 +13.7%
Capex (0.16) (0.16) (0.16) (0.15) (0.13) (0.14) (0.17) (0.34) (0.33) (0.42) 0.00 +11.5%
Free cash flow 0.00 (0.39) (0.99) 0.67 1.85 0.37 1.42 0.18 (0.69) 0.08 0.00 n/m
Book value 3.69 3.53 3.74 3.46 3.59 4.12 3.42 3.63 3.76 4.22 0.00 +1.5%
Shares, m 17,809 17,928 17,910 17,651 17,652 17,734 17,212 16,238 15,603 14,948 15,569 (1.9%)
Valuation, ×
Valuation, × P/E 87.74 42.00 32.65 19.52 27.76 8.36 5.99 6.05 7.13 13.89 11.98 25.1
P/S 3.11 3.38 1.91 0.69 0.34 1.54 2.38 0.91 2.68 4.97 6.71 2.2
P/B 1.01 1.18 0.89 1.02 0.56 0.72 0.78 0.70 0.71 1.28 1.20 0.9
EV/Sales (2.70) (4.04) (3.06) 1.26 (2.90) (7.47) (9.30) (9.92) (12.94) (12.20) — (6.3)
EV/FCF (0.76) (1.41) (1.47) 5.35 (27.77) 12.11 4.14 (12.35) (70.58) (6.78) — (10.0)
Cash, $m
Cash, $m Operating cash flow 2,811 (4,118) (14,826) 14,405 34,888 9,105 27,225 8,471 (5,614) 7,518 48,828 +11.6%
Capex (2,814) (2,850) (2,910) (2,567) (2,253) (2,463) (2,851) (5,508) (5,183) (6,281) (10,783) +9.3%
Free cash flow (3) (6,967) (17,735) 11,838 32,634 6,642 24,374 2,963 (10,797) 1,237 38,045 n/m
Balance, $m
Balance, $m Working capital 268,138 260,928 301,727 318,472 308,920 318,738 293,662 297,882 293,755 337,097 (313,026) +2.6%
Net debt (139,849) (169,841) (140,174) (128,728) (184,285) (273,202) (232,154) (243,286) (252,650) (275,488) (282,449) +7.8%
Shareholders’ equity 65,685 63,336 67,006 61,043 63,446 73,089 58,779 58,917 58,640 63,122 61,826 (0.4%)
Returns, %
Returns, % ROA 0.24 0.42 0.49 0.29 0.10 0.63 0.54 0.56 0.44 0.46 0.00 +0.2 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 4.01 6.98 7.92 4.90 1.78 10.79 9.42 10.43 8.53 9.09 0.00 +5.1 pt
People
People Employees 70,433 67,905 64,928 63,069 61,576 57,955 59,354 62,569 61,228 60,061 — (1.8%)
Revenue/emp, $m 0.90 0.75 0.51 0.99 0.68 0.98 0.20 0.90 1.10 0.81 — (1.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026 · fundamentals updated 2 Nov 2026

Lloyds Banking Group PLC vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IBN ICICI Bank Limited $116.8B 18.9× — +5.71% (above 0%: growing) +25.00% (above 0%: growing) −61.24% (below 0%: shrinking) 70.90% 0.00% Compare
USB U.S. Bancorp $93.1B 11.7× 11.2× +2.26% (above 0%: growing) +9.84% (above 0%: growing) +151.96% (above 0%: growing) 70.62% 0.00% Compare
PNC The PNC Financial Services Group, Inc $90.0B 12.1× 12.0× +6.44% (above 0%: growing) +14.22% (above 0%: growing) +15.40% (above 0%: growing) 70.11% 0.00% Compare
LYG Lloyds Banking Group PLC $74.1B 12.0× — −67.58% (below 0%: shrinking) +66.24% (above 0%: growing) +62.30% (above 0%: growing) 100.00% 0.00%
DB Deutsche Bank Aktiengesellschaft $66.2B 10.1× 9.2× +5.77% (above 0%: growing) +25.97% (above 0%: growing) +127.23% (above 0%: growing) 57.34% 0.00% Compare
NWG NatWest Group plc $63.1B 8.3× 7.9× +12.91% (above 0%: growing) +40.54% (above 0%: growing) −47.36% (below 0%: shrinking) 58.30% 0.00% Compare
TFC Truist Financial Corporation $59.7B 12.7× 11.7× −22.06% (below 0%: shrinking) −45.71% (below 0%: shrinking) +17.77% (above 0%: growing) 61.29% 0.00% Compare
NU Nu Holdings Ltd. $56.7B 16.0× 13.6× +50.29% (above 0%: growing) +69.23% (above 0%: growing) −102.15% (below 0%: shrinking) 71.77% 0.00% Compare
FITB Fifth Third Bancorp $48.3B 18.1× 17.7× +36.55% (above 0%: growing) 0.00% −26.19% (below 0%: shrinking) 72.77% 0.00% Compare
Median of peers $64.6B 12.4× 11.7× +6.11% +19.61% −5.40% 70.37% 0.00%

All 327 Banks Regional stocks →

Lloyds Banking Group PLC (LYG) Latest News

30 Oct

Impact 3 · · MarketBeat transcript

29 Oct

Impact 3 · · Associated Press

28 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 4 · · Investing.com

1 Oct

Impact 3 · · electronicpaymentsinternational.com

29 Sep

Impact 4 · · Zacks

24 Sep

Impact 3 · · PA Media: Money

22 Sep

Impact 4 · · MarketBeat

18 Sep

Impact 4 · · MarketBeat

3 Sep

Impact 3 · · The Telegraph

20 Aug

Impact 3 ·

8 Aug

Impact 3 ·

31 Jul

Impact 4 · · retailbankerinternational.com

30 Jul

Impact 4 · transcript
Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 · · MarketBeat

18 Jul

Impact 3 ·

30 Jun

Impact 3 ·

27 Jun

Impact 3 ·

23 Jun

Impact 3 · · retailbankerinternational.com

10 Jun

Impact 3 · · electronicpaymentsinternational.com

21 May

Impact 4 ·

7 May

Impact 3 · · Insider Monkey

6 May

Impact 3 · · Insider Monkey

29 Apr

Impact 4 · · PA Media: Money
Impact 3 ·
Impact 3 · · MarketBeat

23 Apr

Impact 4 · · Simply Wall St.

LYG metrics, ten years each

stockrow.com/LYG · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com