Lloyds Banking Group plc
Financial ServicesNYSE:LYG · New York Stock Exchange
+$0.06 today
Vol 30.63M · Avg 20.95M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$65.5B of revenue converted into $5.1B of net income for the selected period. Gross margin is 100.0% and net margin is 6.5%, showing how much revenue survives after costs and taxes. EPS is $0.31, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.0B +72.8% | $37.6B +10.8% | $34.0B +63.4% | $20.8B +11.0% | $18.7B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $45.6B +139.8% | $19.0B +28.9% | $14.8B +212.4% | $4.7B +97.9% | $2.4B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $19.4B +4.4% | $18.6B -3.1% | $19.2B +19.6% | $16.1B -1.7% | $16.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 29.9% -19.6pp | 49.5% -7.1pp | 56.5% -20.7pp | 77.3% -10.0pp | 87.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 | $0 -100.0% | $435.0M +17.3% | $371.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $12.8B +1.0% | $12.6B +8.0% | $11.7B +3.8% | $11.3B +19.6% | $9.4B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 -100.0% | $3.4B +17.9% | $2.9B +21.2% | $2.4B -15.2% | $2.8B | $374.2M | $1.2B | $631.8M |
| EBITDA | $6.7B -29.1% | $9.4B -9.7% | $10.4B +45.0% | $7.2B -26.2% | $9.7B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 10.2% -14.7pp | 25.0% -5.7pp | 30.7% -3.9pp | 34.6% -17.4pp | 52.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $6.7B +11.6% | $6.0B -20.4% | $7.5B +56.9% | $4.8B -30.7% | $6.9B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 10.2% -5.6pp | 15.9% -6.2pp | 22.1% -0.9pp | 23.0% -13.9pp | 36.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $30.1B -3.9% | $31.3B +11.5% | $28.1B +59.0% | $17.6B +33.1% | $13.3B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $17.1B -9.9% | $19.0B +28.9% | $14.8B +212.4% | $4.7B +97.9% | $2.4B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $6.7B +11.6% | $6.0B -20.4% | $7.5B +56.9% | $4.8B -30.7% | $6.9B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 10.2% -5.6pp | 15.9% -6.2pp | 22.1% -0.9pp | 23.0% -13.9pp | 36.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $1.9B +27.4% | $1.5B -24.7% | $2.0B +131.1% | $859.0M -15.5% | $1.0B | $1.3B | -$1.6B | $745.2M |
| Net Income | $4.7B +5.4% | $4.4B -19.0% | $5.5B +42.7% | $3.8B -33.8% | $5.8B | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.2% -4.6pp | 11.8% -4.3pp | 16.1% -2.3pp | 18.4% -12.5pp | 30.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +8.0% | $0 -16.7% | $0 +50.0% | $0 -33.3% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +8.0% | $0 -16.7% | $0 +50.0% | $0 -33.3% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $14.9B -4.2% | $15.6B -14.3% | $18.2B +5.7% | $17.2B -2.9% | $17.7B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $14.9B -5.2% | $15.8B -4.1% | $16.4B -5.6% | $17.4B -2.9% | $17.9B | $1.2B | $924.4M | $678.0M |
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How much revenue does LYG generate?
Lloyds Banking Group plc (LYG) reported $65.00B of revenue in fiscal 2025.
Is LYG profitable?
Lloyds Banking Group plc (LYG) reported $4.66B of net income, with a net margin of 7.2%.
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