Lloyds Banking Group plc (LYG) Income Statement
LYG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLYG revenue and net income
Where LYG's revenue goes
2025Each bar shows an amount and its share of revenue. LYG kept 7.2% of revenue as net income.
LYG profit margins
LYG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +247.8% | +44.4% | +28.2% | — |
| Gross profit | +28.3% | +1.4% | +37.1% | — |
| Operating income | +443.3% | +3.8% | +10.7% | — |
| Net income | +253.5% | +1.9% | −13.7% | — |
| EPS (diluted) | +387.5% | +0.9% | −4.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LYG quarterly EPS vs estimates
Lloyds Banking beat the analyst EPS estimate in 4 of the last 4 quarters. Next report: October 29, 2026 (estimate $0.15).
LYG income statement
| 2025 | 2020 | 2019 | 2018 | 2017 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|
| Revenue | $65.00B | $18.69B | $24.79B | $21.58B | $23.71B | $18.80B | $24.38B |
| Cost of revenue | $45.58B | $3.56B | $6.68B | $2.95B | $5.09B | $14.79B | $7.35B |
| Gross profit | $19.42B | $15.13B | $18.11B | $18.63B | $18.62B | $4.01B | $17.04B |
| Research & development | — | — | $0 | $0 | $0 | — | $0 |
| Sales, general & admin | — | $376.0M | $396.0M | $484.0M | $536.0M | — | $463.0M |
| Total operating expenses | $12.76B | $13.91B | $13.72B | $12.67B | $13.00B | $0 | $13.15B |
| Operating income | $6.66B | $1.23B | $4.39B | $5.96B | $5.62B | $4.01B | $3.89B |
| Interest income | $30.75B | $14.48B | $16.86B | $16.35B | $16.01B | — | $16.62B |
| Interest expense | $17.14B | $3.56B | $6.68B | $2.95B | $5.09B | $0 | $7.35B |
| Income before taxes | $6.66B | $1.23B | $4.39B | $5.96B | $5.62B | $2.73B | $3.89B |
| Income taxes | $1.90B | −$161.0M | $1.39B | $1.45B | $1.63B | $468.0M | $1.72B |
| Net income | $4.66B | $1.32B | $2.92B | $4.41B | $3.91B | $9.75B | $2.06B |
| EBITDA | $6.66B | $3.96B | $7.05B | $8.37B | $8.00B | — | $6.27B |
| EPS (diluted) | $0.39 | $0.08 | $0.22 | $0.38 | $0.38 | $0.50 | $0.11 |
| Gross margin | 29.9% | 81.0% | 73.1% | 86.3% | 78.5% | 21.3% | 69.9% |
| Operating margin | 10.2% | 6.6% | 17.7% | 27.6% | 23.7% | 21.3% | 15.9% |
| Net margin | 7.2% | 7.1% | 11.8% | 20.4% | 16.5% | 51.8% | 8.5% |
| Dec '25 | Jun '25 | Mar '25 | Jun '23 | |
|---|---|---|---|---|
| Revenue | $50.75B | $13.88B | $4.70B | $11.04B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $50.75B | $13.88B | $4.70B | $11.04B |
| Total operating expenses | $48.77B | $11.90B | $3.18B | $9.43B |
| Operating income | $1.98B | $1.99B | $1.52B | $1.61B |
| Interest income | $20.94B | $12.16B | $3.20B | $9.61B |
| Income before taxes | $1.98B | $1.99B | $1.52B | $1.61B |
| Income taxes | $548.0M | $577.0M | $383.0M | $387.0M |
| Net income | $1.27B | $1.51B | $1.13B | $1.20B |
| EBITDA | $1.98B | $1.99B | $1.52B | $1.61B |
| EPS (diluted) | $0.12 | $0.12 | $0.09 | $0.39 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 3.9% | 14.3% | 32.3% | 14.6% |
| Net margin | 2.5% | 10.9% | 24.2% | 10.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LYG's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LYG financial results
In fiscal year 2025 (ended December 31, 2025), Lloyds Banking reported revenue of $65.0 billion, up 247.8% from the year before. It had net income of $4.7 billion (up 253.5%), a net profit margin of 7.2%. Diluted earnings per share came to $0.39. Over five years revenue grew at an average rate of 28.2% a year.
See the LYG stock overview for the latest quote and news, or the LYG chart for price history and technical indicators.
LYG income statement FAQ
What is Lloyds Banking's annual revenue?
Lloyds Banking reported total revenue of $65.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 247.8% from $18.7 billion the previous year.
Is Lloyds Banking profitable?
Yes. Lloyds Banking reported net income of $4.7 billion in fiscal 2025, a net profit margin of 7.2%; its operating margin was 10.2%.
What is Lloyds Banking's gross margin?
Lloyds Banking's gross margin was 29.9% in fiscal 2025: for every $100 of revenue, Lloyds Banking kept $30 after the direct cost of its products and services.
How fast is Lloyds Banking growing?
Revenue grew 28.2% a year on average over the last five fiscal years, from $18.8 billion to $65.0 billion.
What are Lloyds Banking's earnings per share?
Lloyds Banking earned $0.39 per diluted share in fiscal 2025, compared with $0.08 a year earlier.
When will Lloyds Banking report its next earnings?
Lloyds Banking is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Lloyds Banking's fiscal year end?
Lloyds Banking's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.