Grupo Financiero Galicia S.A. (GGAL) Income Statement
GGAL 2025 at a glance
Fiscal year ended December 31, 2025 · Argentine pesosGGAL revenue and net income
Where GGAL's revenue goes
2025Each bar shows an amount and its share of revenue. GGAL kept 1.7% of revenue as net income.
GGAL profit margins
GGAL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.9% | +13.4% | +70.3% | +79.9% |
| Gross profit | −14.9% | +9.4% | +62.7% | +74.6% |
| Operating income | −86.3% | −11.9% | +17.4% | +45.5% |
| Net income | −86.9% | −13.6% | +23.5% | +47.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GGAL income statement in Argentine pesos
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ARS 12.42T | ARS 10.63T | ARS 13.89T | ARS 8.52T | ARS 2.86T | ARS 865.71B | ARS 509.95B | ARS 112.10B | ARS 148.13B | ARS 49.26B |
| Cost of revenue | ARS 6.75T | ARS 3.96T | ARS 7.01T | ARS 4.19T | ARS 1.23T | ARS 368.25B | ARS 242.66B | −ARS 13.62B | ARS 49.40B | ARS 20.09B |
| Gross profit | ARS 5.67T | ARS 6.66T | ARS 6.88T | ARS 4.33T | ARS 1.63T | ARS 497.46B | ARS 267.29B | ARS 112.10B | ARS 98.73B | ARS 29.17B |
| Research & development | — | — | — | — | — | — | ARS 0 | ARS 0 | ARS 0 | ARS 0 |
| Sales, general & admin | ARS 2.13T | ARS 1.43T | ARS 1.13T | ARS 1.02T | ARS 444.06B | ARS 149.11B | ARS 80.20B | ARS 16.10B | ARS 50.32B | ARS 12.54B |
| Total operating expenses | ARS 5.36T | ARS 4.45T | ARS 5.70T | ARS 3.88T | ARS 1.34T | ARS 361.34B | ARS 184.77B | ARS 106.91B | ARS 75.78B | ARS 19.80B |
| Operating income | ARS 303.85B | ARS 2.21T | ARS 1.18T | ARS 444.45B | ARS 288.14B | ARS 136.13B | ARS 82.51B | ARS 5.75B | ARS 22.95B | ARS 9.37B |
| Interest income | ARS 9.46T | ARS 8.24T | ARS 4.75T | ARS 716.90B | ARS 254.57B | ARS 166.81B | ARS 130.51B | ARS 78.27B | ARS 35.37B | ARS 29.17B |
| Interest expense | ARS 3.88T | ARS 3.10T | ARS 6.60T | ARS 3.84T | ARS 1.10T | ARS 267.75B | ARS 197.38B | ARS 38.36B | ARS 38.18B | ARS 16.94B |
| Income before taxes | ARS 303.85B | ARS 2.21T | ARS 1.18T | ARS 444.45B | ARS 288.14B | ARS 136.13B | ARS 82.51B | ARS 5.19B | ARS 22.95B | ARS 9.37B |
| Income taxes | ARS 91.24B | ARS 586.61B | ARS 448.25B | ARS 115.07B | ARS 99.52B | ARS 61.11B | ARS 33.57B | ARS 10.63B | ARS 11.75B | ARS 3.35B |
| Net income | ARS 212.52B | ARS 1.62T | ARS 734.24B | ARS 329.38B | ARS 188.62B | ARS 74.01B | ARS 48.72B | −ARS 4.88B | ARS 10.45B | ARS 6.02B |
| EBITDA | ARS 608.44B | ARS 2.40T | ARS 1.42T | ARS 633.50B | ARS 376.09B | ARS 160.48B | ARS 92.92B | ARS 6.94B | ARS 25.16B | ARS 9.67B |
| Gross margin | 45.6% | 62.7% | 49.5% | 50.8% | 56.9% | 57.5% | 52.4% | 100.0% | 66.7% | 59.2% |
| Operating margin | 2.4% | 20.8% | 8.5% | 5.2% | 10.1% | 15.7% | 16.2% | 5.1% | 15.5% | 19.0% |
| Net margin | 1.7% | 15.3% | 5.3% | 3.9% | 6.6% | 8.5% | 9.6% | −4.4% | 7.1% | 12.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ARS 2.77T | ARS 2.56T | ARS 6.96T | ARS 1.97T | ARS 2.09T | ARS 2.53T | ARS 1.66T | ARS 1.83T | ARS 2.50T | ARS 4.20T | ARS 2.15T | ARS 3.46T |
| Cost of revenue | ARS 1.57T | ARS 892.13B | ARS 5.56T | ARS 736.47B | ARS 564.04B | ARS 1.10T | ARS 0 | ARS 720.01B | ARS 202.87B | ARS 1.44T | ARS 0 | ARS 1.88T |
| Gross profit | ARS 1.87T | ARS 1.66T | ARS 1.40T | ARS 1.24T | ARS 1.52T | ARS 1.43T | ARS 1.66T | ARS 1.11T | ARS 2.30T | ARS 2.76T | ARS 2.15T | ARS 1.58T |
| Sales, general & admin | ARS 267.35B | ARS 507.97B | ARS 261.10B | ARS 658.03B | ARS 491.73B | ARS 385.25B | ARS 163.68B | ARS 251.07B | ARS 730.50B | ARS 294.04B | ARS 330.63B | ARS 241.06B |
| Total operating expenses | ARS 528.78B | ARS 1.60T | ARS 1.41T | ARS 1.41T | ARS 1.25T | ARS 1.19T | ARS 794.66B | ARS 852.19B | ARS 1.41T | ARS 2.17T | ARS 1.58T | ARS 1.35T |
| Operating income | ARS 397.60B | ARS 67.94B | −ARS 75.67B | −ARS 173.87B | ARS 275.86B | ARS 235.21B | ARS 868.06B | ARS 257.65B | ARS 883.15B | ARS 586.17B | ARS 284.94B | ARS 228.56B |
| Interest income | ARS 1.67T | ARS 1.60T | ARS 5.24T | ARS 1.25T | ARS 1.22T | ARS 1.06T | ARS 1.95T | ARS 762.32B | ARS 1.27T | ARS 2.15T | ARS 4.15T | ARS 291.70B |
| Interest expense | ARS 752.72B | ARS 1.28T | ARS 1.28T | — | — | ARS 700.34B | ARS 820.13B | ARS 552.08B | — | ARS 1.30T | ARS 180.19B | ARS 1.79T |
| Income before taxes | ARS 401.72B | ARS 67.94B | −ARS 82.29B | −ARS 173.87B | ARS 275.86B | ARS 235.21B | ARS 733.55B | ARS 257.65B | ARS 883.15B | ARS 586.17B | ARS 356.68B | ARS 228.56B |
| Income taxes | ARS 143.37B | ARS 1.43B | −ARS 11.88B | −ARS 86.16B | ARS 103.19B | ARS 72.59B | ARS 81.59B | ARS 89.71B | ARS 309.37B | ARS 200.28B | ARS 149.83B | ARS 62.84B |
| Net income | ARS 258.32B | ARS 66.49B | −ARS 63.79B | −ARS 87.71B | ARS 172.64B | ARS 162.58B | ARS 651.98B | ARS 167.97B | ARS 573.71B | ARS 386.06B | ARS 206.86B | ARS 165.72B |
| EBITDA | ARS 493.99B | ARS 143.09B | ARS 3.97B | −ARS 99.21B | ARS 364.46B | ARS 297.24B | — | ARS 307.29B | ARS 932.55B | ARS 631.90B | ARS 22.58B | ARS 273.01B |
| Gross margin | 67.6% | 65.1% | 20.2% | 62.7% | 73.0% | 56.5% | 100.0% | 60.7% | 91.9% | 65.7% | 100.0% | 45.7% |
| Operating margin | 14.4% | 2.7% | −1.1% | −8.8% | 13.2% | 9.3% | 52.2% | 14.1% | 35.3% | 14.0% | 13.2% | 6.6% |
| Net margin | 9.3% | 2.6% | −0.9% | −4.4% | 8.3% | 6.4% | 39.2% | 9.2% | 22.9% | 9.2% | 9.6% | 4.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported in GGAL's financial statements (latest annual report filed April 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GGAL financial results
In fiscal year 2025 (ended December 31, 2025), Grupo Financiero Galicia reported revenue of ARS 12.42 trillion, up 16.9% from the year before. It had net income of ARS 212.5 billion (down 86.9%), a net profit margin of 1.7%. Over five years revenue grew at an average rate of 70.3% a year. Figures are in Argentine pesos, the currency of its financial statements.
See the GGAL stock overview for the latest quote and news, or the GGAL chart for price history and technical indicators.
GGAL income statement FAQ
What is Grupo Financiero Galicia's annual revenue?
Grupo Financiero Galicia reported total revenue of ARS 12.42 trillion for fiscal year 2025, which ended on December 31, 2025. That was up 16.9% from ARS 10.63 trillion the previous year.
Is Grupo Financiero Galicia profitable?
Yes. Grupo Financiero Galicia reported net income of ARS 212.5 billion in fiscal 2025, a net profit margin of 1.7%; its operating margin was 2.4%.
What is Grupo Financiero Galicia's gross margin?
Grupo Financiero Galicia's gross margin was 45.6% in fiscal 2025: for every $100 of revenue, Grupo Financiero Galicia kept $46 after the direct cost of its products and services.
How fast is Grupo Financiero Galicia growing?
Revenue grew 70.3% a year on average over the last five fiscal years, from ARS 865.7 billion to ARS 12.42 trillion.
When will Grupo Financiero Galicia report its next earnings?
Grupo Financiero Galicia is expected to report results for the quarter ending September 30, 2026 on November 24, 2026 before the market opens.
When does Grupo Financiero Galicia's fiscal year end?
Grupo Financiero Galicia's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 16, 2026.