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

Lloyds Banking Group PLC (LYG) Debt to equity

Alert me on Debt to equity

Lloyds Banking Group PLC's debt to equity at the end of the quarter to 30 September 2026 was 2.2×, up 0.4× from fiscal 2025 (1.8×). Over the past ten years it has ranged from 1.6× (fiscal 2021) to 2.4× (fiscal 2019); the current reading is higher than 55% of that period. That is above the Banks Regional industry median of 0.2× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.8× 4.45%
FY2024 1.8× (2.70%)
FY2023 1.8× 1.87%
FY2022 1.8× 11.70%
FY2021 1.6× (22.58%)
FY2020 2.1× (14.34%)
FY2019 2.4× 10.79%
FY2018 2.2× 17.88%
FY2017 1.8× (7.30%)
FY2016 2.0× (11.55%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 2.2× 3.57%
Jun 2026 2.1× 1.43%
Mar 2026 2.1× 7.95%
Sep 2025 1.9× 14.86%
31 more quarters

Against its own ten years

Low 1.6× High 2.4×
Ten-year median 1.8×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
NWG NatWest Group plc compare 0.1×
NU Nu Holdings Ltd. compare 0.4×
FITB Fifth Third Bancorp compare 0.5×
IBN ICICI Bank Limited compare 0.7×
USB U.S. Bancorp compare 0.8×
TFC Truist Financial Corporation compare 0.9×
PNC The PNC Financial Services Group, Inc compare 1.3×
DB Deutsche Bank Aktiengesellschaft compare 1.4×
LYG Lloyds Banking Group PLC 2.2×
Banks Regional industry median 0.2×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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