Lloyds Banking Group (LYG) Financial Statements & Analysis

Lloyds Banking Group (LYG) Income Statement

Lloyds Banking Group reported revenue of GBP 20.03B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 46.8% from GBP 37.61B a year earlier. Net income was GBP 4.66B, up 5.4% year over year, a net margin of 23.3%. Gross margin was 97.0% and operating margin 33.3%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was GBP 5.21B, up 11.2% from the same quarter a year earlier.

Lloyds Banking Group Income Statement Analysis

Values in billions GBP

Income Statement Balance Sheet Cash Flow Ratios

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Lloyds Banking Group plc income statement - Annual data in billions GBP
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	20.03	37.61	33.95	16.05	17.13	18.71	18.69	24.79	21.58	23.72
Cost of Revenue	45.58	19.01	14.75	4.72	-	2.39	3.56	6.68	2.95	5.09
Gross Profit	19.42	18.60	19.20	16.05	-	16.32	15.13	18.11	18.63	18.62
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	11.97	0.00	0.00	0.44	10.80	0.37	0.38	0.40	0.48	0.54
Operating Expenses	12.18	12.63	11.70	9.26	-	9.42	13.91	13.72	12.67	13.00
Operating Income	6.66	5.97	7.50	4.78	-	6.90	1.23	4.39	5.96	5.63
Other Income/Expense
Interest Income	30.75	31.29	28.05	17.65	-	13.26	14.31	16.86	16.35	16.01
Interest Expense	17.52	19.01	14.75	4.72	-	2.39	3.56	6.68	2.95	5.09
Other Income/Expense	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	6.66	5.97	7.50	4.78	6.90	6.90	1.23	4.39	5.96	5.63
Income Tax Expense	1.90	1.49	1.99	0.86	1.02	1.02	-0.16	1.39	1.45	1.63
Net Income	4.66	4.42	5.46	3.83	5.36	5.78	1.32	2.93	4.41	3.91
Net Income - Continuous Operations	4.76	4.42	5.46	3.92	-	5.78	1.32	2.93	4.41	3.91
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	3.48	9.40	10.41	7.18	2.83	9.73	3.96	7.05	8.37	8.00
EBIT	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	3.48	3.43	2.91	2.40	-	2.83	2.73	2.66	2.41	2.37
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-	-	-	-
Diluted EPS	-	-	-	-	-	-	-	-	-	-
Basic Shares Outstanding	14.95	15.60	16.44	17.21	70.94	17.73	17.65	17.65	17.91	17.93
Diluted Shares Outstanding	15.20	15.77	16.44	17.42	71.79	17.95	17.81	17.82	18.07	18.10

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Lloyds Banking Group Financial Statements

What was Lloyds Banking Group's revenue in fiscal 2025?

Lloyds Banking Group reported revenue of GBP 20.03B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 46.8% from GBP 37.61B a year earlier.

Is Lloyds Banking Group profitable?

Yes. Lloyds Banking Group earned net income of GBP 4.66B in fiscal 2025, a net margin of 23.3%. In fiscal 2024 it earned GBP 4.42B.

What is Lloyds Banking Group's operating margin?

Lloyds Banking Group's operating income was GBP 6.66B on revenue of GBP 20.03B in fiscal 2025, an operating margin of 33.3%, compared with 15.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition