Dutch banking group offering retail, commercial, and wholesale banking services across Europe and international markets.
Profile & Fundamentals
ING: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
ING Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. The company operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. It accepts current and savings accounts; and time deposits. The company also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, it provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. The company serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.
Company profile record
ING Groep NV
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- ING Groep NV
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇳🇱 Netherlands
- Head office
- Bijlmerdreef 106, Amsterdam, Netherlands, 1102 CT
Leadership & scale
- Chief executive
- Mr. Steven J. A. van Rijswijk
- CEO year born
- 1970
- Full-time employees
- 60K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- EUR 89.3B
- P/E
- 13.3x
- Revenue (Q2 26)
- EUR 6.3B
- Profit (Q2 26)
- EUR 1.9B
- Dividend Yield
- 3.6%
- Revenue (FY 25)
- EUR 23.0B
- Shares in public float
- 2.9B
- Insider ownership
- 0.72%
Reporting & identifiers
- Symbol
- INGA.AMS
- Listing
- 🇳🇱 Netherlands | Dividend Tax: 15%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- NL0011821202
- Asset ID
- equity_3a9fecbb-2fa3-50ba-ab14-06d206ad3cbb
Ownership
Shares Outstanding
Latest: 2.9B | Max: 3.9B | Min: 2.9B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.99%
2.9B latest reported shares
Insider Ownership
0.72%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 3,903,846,200 |
| 2018-01-01 | 3,857,575,800 |
| 2019-01-01 | 3,826,087,000 |
| 2020-01-01 | 3,900,668,600 |
| 2021-01-01 | 3,775,764,300 |
| 2022-01-01 | 3,619,144,900 |
| 2023-01-01 | 3,343,623,000 |
| 2024-01-01 | 3,130,000,000 |
| 2025-01-01 | 2,916,000,000 |
| 2026-01-01 | 2,868,700,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
ING's financial results reflect strong operational momentum, highlighted by second-quarter 2026 net profit of EUR 1.95 billion and trailing twelve-month net income reaching approximately EUR 6.8 billion. This top-line durability stems from resilient net interest income following central bank rate hikes, accompanied by double-digit expansion in fee-generating investment and wealth services. These achievements confirm that the bank has successfully decoupled from the zero-rate stagnation that constrained European banking for a decade. However, this earnings strength represents the crest of the profit cycle rather than a permanent growth accelerator. While recurring customer revenues remain healthy near EUR 24 billion annually, sequential margin expansion is leveling off. Future earnings growth must increasingly rely on organic balance-sheet expansion and cost containment rather than unearned interest rate windfalls.
ING's financial results reflect strong operational momentum, highlighted by second-quarter 2026 net profit of EUR 1.95 billion and trailing twelve-month net income reaching approximately EUR 6.8 billion. This top-line durability stems from resilient net interest income following central bank rate hikes, accompanied by double-digit expansion in fee-generating investment and wealth services. These achievements confirm that the bank has successfully decoupled from the zero-rate stagnation that constrained European banking for a decade. However, this earnings strength represents the crest of the profit cycle rather than a permanent growth accelerator. While recurring customer revenues remain healthy near EUR 24 billion annually, sequential margin expansion is leveling off. Future earnings growth must increasingly rely on organic balance-sheet expansion and cost containment rather than unearned interest rate windfalls.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 23.0B | Max: EUR 33.6B | Min: EUR -56.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 11x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have reached multi-year highs, evidenced by a return on tangible equity reaching 17.0% in the second quarter of 2026 and operating profit margins hovering near 40%. Widening asset-liability spreads generated by structural deposit replication, paired with a branch-light operating structure that holds the cost-to-income ratio near 53%, produced exceptional operating leverage as European benchmark interest rates normalized. Nonetheless, these stellar margins are approaching their natural ceiling. As retail savers demand higher interest rates on deposits and loan-loss provisions normalize from historically depressed levels, net profit margins will experience gentle compression. Sustainable through-the-cycle profitability will settle around a healthy, albeit lower, return on tangible equity between 13.5% and 14.5%.
Profitability margins have reached multi-year highs, evidenced by a return on tangible equity reaching 17.0% in the second quarter of 2026 and operating profit margins hovering near 40%. Widening asset-liability spreads generated by structural deposit replication, paired with a branch-light operating structure that holds the cost-to-income ratio near 53%, produced exceptional operating leverage as European benchmark interest rates normalized. Nonetheless, these stellar margins are approaching their natural ceiling. As retail savers demand higher interest rates on deposits and loan-loss provisions normalize from historically depressed levels, net profit margins will experience gentle compression. Sustainable through-the-cycle profitability will settle around a healthy, albeit lower, return on tangible equity between 13.5% and 14.5%.
Profitability Margins
Latest: 94.3% | Max: >100.0% | Min: 10.9%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
94.3%
Gross profit / revenue
Operating Margin
39.7%
Operating income / revenue
Net Margin
27.5%
Net income / revenue
FCF Margin
-0.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 18,429,160,000 | 4,930,060,000 | 8,694,120,000 |
| 2017-12-31 | 20,936,860,000 | 5,836,950,000 | -6,565,230,000 |
| 2018-12-31 | 19,973,940,000 | 5,361,420,000 | 7,557,060,000 |
| 2019-12-31 | 20,228,320,000 | 5,354,720,000 | 14,224,000,000 |
| 2020-12-31 | 21,739,180,000 | 3,031,700,000 | 14,805,920,000 |
| 2021-12-31 | 29,392,620,000 | 5,444,640,000 | -17,244,780,000 |
| 2022-12-31 | 35,958,420,000 | 3,931,180,000 | -12,137,010,000 |
| 2023-12-31 | 19,389,700,000 | 8,015,700,000 | 5,310,800,000 |
| 2024-12-31 | 23,520,640,000 | 6,647,680,000 | -58,393,920,000 |
| 2025-12-31 | 26,950,950,000 | 7,403,760,000 | -223,470,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 11.06 | Trailing four quarters |
| 2024-12-31 | 7.41 | Trailing four quarters |
| 2023-12-31 | 6.21 | Trailing four quarters |
| 2022-12-31 | 11.22 | Annual net income |
| 2021-12-31 | 9.68 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 97.37 | 40.95 | 26.75 | 47.18 |
| 2017-12-31 | 101.13 | 40.37 | 27.88 | -31.36 |
| 2018-12-31 | 100 | 39.02 | 26.84 | 37.83 |
| 2019-12-31 | 94.72 | 37.3 | 26.47 | 70.32 |
| 2020-12-31 | 81.97 | 26.3 | 13.95 | 68.11 |
| 2021-12-31 | 75.65 | 27.18 | 18.52 | -58.67 |
| 2022-12-31 | 50.77 | 18.39 | 10.93 | -33.75 |
| 2023-12-31 | 100 | 59.76 | 41.34 | 27.39 |
| 2024-12-31 | 74.84 | 41.84 | 28.26 | -248.27 |
| 2025-12-31 | 94.34 | 39.71 | 27.47 | -0.83 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-15.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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