Shinhan Financial Group Co., Ltd.
Financial ServicesNYSE:SHG · New York Stock Exchange
+$1.84 today
Vol 0.09M · Avg 0.27M
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
$34.8T of revenue converted into $5.1T of net income for the selected period. Gross margin is 47.8% and net margin is 14.7%, showing how much revenue survives after costs and taxes. EPS is $10307.76, 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 | $34.7T -2.0% | $35.4T +4.7% | $33.8T +37.6% | $24.6T -4.6% | $25.8T | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $18.2T -7.9% | $19.8T +4.6% | $18.9T +75.5% | $10.8T +119.2% | $4.9T | $725.6M | $804.0M | $882.4M |
| Gross Profit | $16.4T +5.6% | $15.6T +4.7% | $14.9T +7.9% | $13.8T -33.9% | $20.8T | $8.9B | $7.6B | $6.2B |
| Gross Margin | 47.4% +3.4pp | 44.0% +0.0pp | 44.0% -12.1pp | 56.1% -24.8pp | 80.9% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $5.2T +4.0% | $5.0T +2.4% | $4.9T +2.5% | $4.8T -60.7% | $12.1T | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $9.5T -0.3% | $9.5T +7.1% | $8.9T +20.2% | $7.4T -51.4% | $15.3T | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.3T +1.1% | $1.3T +8.0% | $1.2T +18.5% | $999.7B +10.7% | $902.7B | $374.2M | $1.2B | $631.8M |
| EBITDA | $8.2T +12.5% | $7.3T +2.2% | $7.1T -2.9% | $7.4T +13.6% | $6.5T | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 23.7% +3.0pp | 20.7% -0.5pp | 21.2% -8.8pp | 30.0% +4.8pp | 25.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $6.9T +14.9% | $6.0T +1.1% | $6.0T -6.3% | $6.4T +14.0% | $5.6T | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 20.0% +2.9pp | 17.0% -0.6pp | 17.6% -8.3pp | 25.9% +4.2pp | 21.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $28.6T -2.2% | $29.2T +5.9% | $27.6T +37.1% | $20.1T +36.6% | $14.7T | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $16.5T -7.3% | $17.8T +6.2% | $16.8T +76.5% | $9.5T +140.1% | $4.0T | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $6.9T +14.9% | $6.0T +1.1% | $6.0T -6.3% | $6.4T +14.0% | $5.6T | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 20.0% +2.9pp | 17.0% -0.6pp | 17.6% -8.3pp | 25.9% +4.2pp | 21.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $1.8T +25.4% | $1.5T -1.1% | $1.5T -7.7% | $1.6T +9.5% | $1.5T | $1.3B | -$1.6B | $745.2M |
| Net Income | $5.0T +11.7% | $4.5T +1.9% | $4.4T -6.4% | $4.7T +16.1% | $4.0T | $4.9B | $4.8B | $4.7B |
| Net Margin | 14.3% +1.8pp | 12.6% -0.3pp | 12.9% -6.1pp | 19.0% +3.4pp | 15.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $9.8K +16.2% | $8.4K +4.9% | $8.0K -11.8% | $9.1K +24.8% | $7.3K | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $9.8K +16.2% | $8.4K +4.9% | $8.0K -5.3% | $8.5K +16.3% | $7.3K | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $496.5M -1.9% | $506.2M -2.5% | $519.2M +2.0% | $508.8M -4.7% | $534.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $496.5M -1.9% | $506.2M -2.5% | $519.2M +2.0% | $508.8M -4.7% | $534.0M | $1.2B | $924.4M | $678.0M |
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How much revenue does SHG generate?
Shinhan Financial Group Co., Ltd. (SHG) reported $34.69T of revenue in fiscal 2025.
Is SHG profitable?
Shinhan Financial Group Co., Ltd. (SHG) reported $4.97T of net income, with a net margin of 14.3%.
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