KB

MKT CAP:$38B

KB Financial Group Inc.

Market Cap

$38B

Financial Services·Banks - Regional·🇰🇷 South Korea·NYSE

Financials·Banks - Regional·🇰🇷·NYSE

Stock Price

$106.63+$20.42 (+23.69%)

Apr 24, 2026

Company Details

KB Financial Group Inc. provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Sec...

CEO

Jong Hee Yang

IPO Date

Nov 13, 2001

Website

www.kbfg.com

Key Metrics TTM

Revenue

$34.2B

+50.7% YoY

Net Income

$3.9B

EPS (Diluted)

$10.32

Free Cash Flow

-$5.7B

Revenue / Share

$89.51

Gross Margin

49.1%

Operating Margin

16.8%

Net Margin

11.5%

FCF Margin

-16.5%

P/S

1.1x

P/E

9.6x

Earnings Reports

FY 2025

Dec 30, 2025

$34.2B+34.2%EPS $10.32

Q4 2025

Mar 6, 2026

$15.3BEPS $1.27

Q3 2025

Nov 14, 2025

$6.0B-7.2%EPS $3.01

Q2 2025

Aug 14, 2025

$6.5BEPS $3.08

Q1 2025

May 15, 2025

$6.4BEPS $2.96

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$3.2B	$2.2B	$917M
Q3 19	$3.2B	$2.2B	$851M
Q4 19	$3.0B	$2.0B	$506M
Q4 20	$3.5B	$2.5B	$537M
Q2 21	$3.4B	$2.6B	$1.1B
Q3 21	$3.6B	$2.8B	$1.2B
Q1 22	$3.9B	$2.7B	$1.3B
Q2 22	$3.9B	$2.5B	$1.1B
Q3 22	$4.1B	$2.2B	$1.2B
Q1 23	$6.1B	$3.0B	$1.4B
Q2 23	$6.0B	$2.8B	$1.3B
Q3 24	$6.5B	$3.1B	$1.5B
Q1 25	$6.4B	$3.1B	$1.6B
Q2 25	$6.5B	$3.2B	$1.6B
Q3 25	$6.0B	$3.2B	$1.5B
Q4 25	$15.3B	$7.3B	$1.1B

Valuation

Quarter	P/S	P/E
Q2 19	1.0x	7.7x
Q3 19	0.9x	6.9x
Q4 19	1.3x	7.2x
Q4 20	1.2x	7.8x
Q2 21	1.5x	8.9x
Q3 21	1.3x	7.3x
Q1 22	1.3x	6.3x
Q2 22	1.0x	4.3x
Q3 22	0.8x	3.4x
Q1 23	0.8x	3.7x
Q2 23	0.7x	3.8x
Q3 24	1.1x	6.0x
Q1 25	0.8x	4.7x
Q2 25	1.2x	6.8x
Q3 25	1.2x	6.7x
Q4 25	1.0x	8.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	$2.2B	$2.1B
Q3 19	$186M	$89M
Q4 19	-$139M	-$458M
Q4 20	-$1.8B	-$1.9B
Q2 21	-$425M	-$492M
Q3 21	$997M	$935M
Q1 22	-$2.1B	-$2.1B
Q2 22	-$343M	-$401M
Q3 22	-$11.4B	-$11.4B
Q1 23	-$1.4B	-$1.6B
Q2 23	$3.4B	$3.4B
Q3 24	-$2.2B	-$2.2B
Q1 25	$2.0B	$1.9B
Q2 25	$556M	$489M
Q3 25	-$8.0B	-$8.1B
Q4 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q2 19	$117M
Q3 19	$98M
Q4 19	$319M
Q4 20	$145M
Q2 21	$67M
Q3 21	$62M
Q1 22	$55M
Q2 22	$58M
Q3 22	$39M
Q1 23	$143M
Q2 23	$53M
Q3 24	$71M
Q1 25	$114M
Q2 25	$67M
Q3 25	$15M
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	+7.8%	+9.3%
Q3 19	+7.6%	+13.1%
Q4 19	-46.0%	-53.3%
Q4 20	+7.7%	+20.5%
Q2 21	+6.2%	-0.4%
Q3 21	+12.7%	+2.3%
Q1 22	+31.7%	+6.2%
Q2 22	+14.0%	-3.2%
Q3 22	+20.5%	+25.2%
Q1 23	+70.5%	+98.7%
Q2 23	+52.6%	+77.4%
Q3 24	+63.8%	+74.0%
Q1 25	+56.2%	+69.9%
Q2 25	+5.5%	+2.8%
Q3 25	+0.2%	-4.1%
Q4 25	+136.7%	+188.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$12M	0.4%
Q3 19	$10M	0.3%
Q4 19	$14M	0.5%
Q4 20	$19M	0.6%
Q2 21	$20M	0.6%
Q3 21	$11M	0.3%
Q1 22	$30M	0.8%
Q2 22	-$12M	-0.3%
Q3 22	$795.8K	0.0%
Q1 23	$8M	0.1%
Q2 23	$10M	0.2%
Q3 24	$15M	0.2%
Q1 25	-$4M	-0.1%
Q2 25	$59M	0.9%
Q3 25	$20M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 19	$756M	$38M
Q3 19	$724M	$37M
Q4 19	$975M	$53M
Q4 20	$1.2B	$60M
Q2 21	$944M	$33M
Q3 21	$955M	$33M
Q1 22	$906M	$21M
Q2 22	$1.1B	—
Q3 22	$1.0B	—
Q1 23	$950M	$30M
Q2 23	$1.1B	—
Q3 24	$919M	$40M
Q1 25	$979M	$23M
Q2 25	$1.1B	$41M
Q3 25	$925M	$40M
Q4 25	$1.8B	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$19.6B	$39.8B	$59.4B
Q2 22	$21.3B	$38.2B	$59.5B
Q3 22	$18.6B	$38.7B	$57.3B
Q4 22	$21.9B	$53.7B	$75.6B
Q1 23	$19.5B	$53.3B	$72.8B
Q2 23	$21.3B	$54.1B	$75.4B
Q3 23	$21.6B	$0	$21.6B
Q4 23	$20.8B	$55.7B	$76.5B
Q1 24	$20.6B	$58.1B	$78.6B
Q2 24	$21.0B	$60.2B	$81.2B
Q3 24	$17.7B	$60.4B	$78.1B
Q4 24	$20.8B	$63.4B	$84.2B
Q1 25	$20.7B	$64.6B	$85.3B
Q2 25	$23.0B	$64.2B	$87.2B
Q3 25	$17.1B	$65.0B	$82.0B
Q4 25	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	393M	-1.1%	-1.5%
Q3 19	392M	-0.1%	-1.5%
Q4 19	390M	-0.7%	-1.7%
Q4 20	398M	+2.3%	+0.4%
Q2 21	398M	-0.1%	+1.4%
Q3 21	398M	+0.1%	+1.5%
Q1 22	399M	+0.1%	+2.3%
Q2 22	398M	-0.1%	-0.0%
Q3 22	399M	+0.1%	+0.2%
Q1 23	397M	-0.4%	-0.2%
Q2 23	393M	-1.1%	-1.4%
Q3 24	382M	-2.9%	-4.2%
Q1 25	376M	-1.5%	-5.7%
Q2 25	369M	-1.8%	-7.1%
Q3 25	367M	-0.6%	-6.7%
Q4 25	382M	+4.2%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	$3M	1K
Q3 19	$3M	1K
Q4 19	$2M	2K
Q4 20	$2M	2K
Q2 21	$2M	2K
Q3 21	$2M	2K
Q1 22	$2M	2K
Q2 22	$2M	2K
Q3 22	$2M	2K
Q1 23	$3M	2K
Q2 23	$3M	2K
Q3 24	$3M	2K
Q1 25	$3M	2K
Q2 25	$3M	2K
Q3 25	$3M	2K
Q4 25	$6M	2K

Revenue / Employee