LYG

MKT CAP:$78B

Lloyds Banking Group plc

Market Cap

$78B

Financial Services·Banks - Regional·🇬🇧 United Kingdom·NYSE

Financials·Banks - Regional·🇬🇧·NYSE

Stock Price

$5.32-$0.07 (-1.30%)

Apr 24, 2026

Company Details

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. The Retail segment...

CEO

Charles Alan Nunn

IPO Date

Nov 28, 2001

Website

www.lloydsbankinggroup.com

Key Metrics TTM

Revenue

$37.3B

+28.7% YoY

Net Income

$6.6B

EPS (Diluted)

$0.37

Free Cash Flow

$0

Revenue / Share

$2.46

Gross Margin

100.0%

Operating Margin

24.5%

Net Margin

17.6%

FCF Margin

0.0%

P/S

2.1x

P/E

11.9x

Earnings Reports

Q4 2025

Apr 29, 2026

PENDING

Q3 2025

Oct 23, 2025

-$5.8BEPS $0.06

Q2 2025

Jul 24, 2025

$18.7BEPS $0.11

FY 2024

Feb 20, 2025

$50.7BEPS $0.34

Q4 2023

Feb 22, 2024

$27.1BEPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$7.0B	$5.0B	$882M
Q2 16	$7.8B	$5.4B	$2.4B
Q3 17	$6.3B	$6.3B	$2.6B
Q3 18	$10.6B	$10.6B	$2.4B
Q3 19	$6.2B	$6.2B	$67M
Q3 20	$4.9B	$4.9B	$1.4B
Q4 20	$10.3B	$10.3B	$1.1B
Q3 21	$2.7B	$2.7B	$2.7B
Q4 21	$10.7B	$10.7B	$1.3B
Q1 22	$5.3B	$5.3B	$2.1B
Q3 23	-$2.6B	-$2.6B	$2.5B
Q4 23	$27.1B	$27.1B	$2.4B
Q2 25	$18.7B	$18.7B	$2.7B
Q3 25	-$5.8B	-$5.8B	$1.6B

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q3 17	—	—
Q3 18	1.9x	9.3x
Q3 19	1.5x	8.7x
Q3 20	0.8x	4.9x
Q4 20	1.1x	10.2x
Q3 21	1.8x	12.4x
Q4 21	1.6x	10.7x
Q1 22	1.6x	9.2x
Q3 23	2.1x	5.5x
Q4 23	1.0x	7.0x
Q2 25	1.3x	9.1x
Q3 25	1.8x	10.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$699M	-$568M
Q2 16	$699M	-$568M
Q3 17	$0	$0
Q3 18	$0	$0
Q3 19	$0	$0
Q3 20	$0	$0
Q4 20	$0	$0
Q3 21	$0	$0
Q4 21	$0	$0
Q1 22	$0	$0
Q3 23	$0	$0
Q4 23	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q1 16	$1.3B
Q2 16	$1.3B
Q3 17	$0
Q3 18	$0
Q3 19	$0
Q3 20	$0
Q4 20	$0
Q3 21	$0
Q4 21	$0
Q1 22	$0
Q3 23	$0
Q4 23	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	-11.8%	-0.2%
Q3 20	-36.9%	-34.4%
Q4 20	+64.2%	+153.7%
Q3 21	-74.2%	-100.0%
Q4 21	+73.6%	+54.1%
Q1 22	+7.9%	-8.5%
Q3 23	-125.5%	-155.6%
Q4 23	+888.5%	+1829000.0%
Q2 25	+75.0%	+70.8%
Q3 25	-210.4%	-331.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$0	0.0%
Q2 16	$0	0.0%
Q3 17	$0	0.0%
Q3 18	$0	0.0%
Q3 19	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$264M	2.6%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q3 23	$0	—
Q4 23	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$136.3B	$0	$136.3B
Q2 22	$117.2B	$0	$117.2B
Q3 22	$114.4B	$0	$114.4B
Q4 22	$124.1B	$0	$124.1B
Q1 23	$133.4B	$0	$133.4B
Q2 23	$128.8B	$0	$128.8B
Q3 23	$118.0B	$0	$118.0B
Q4 23	$105.3B	$0	$105.3B
Q1 24	$95.7B	$0	$95.7B
Q2 24	$90.1B	$0	$90.1B
Q3 24	$79.6B	$0	$79.6B
Q4 24	$84.5B	$0	$84.5B
Q1 25	$84.8B	$0	$84.8B
Q2 25	$86.6B	$0	$86.6B
Q3 25	$83.4B	$0	$83.4B
Q4 25	$76.4B	$5.3B	$81.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	16.88B	—	—
Q2 16	16.88B	0.0%	—
Q3 17	19.34B	+14.6%	—
Q3 18	19.76B	+2.2%	—
Q3 19	17.50B	-11.4%	+3.7%
Q3 20	16.73B	-4.4%	-0.9%
Q4 20	16.73B	0.0%	-13.5%
Q3 21	17.83B	+6.6%	-9.8%
Q4 21	17.95B	+0.7%	+2.5%
Q1 22	18.04B	+0.5%	+7.8%
Q3 23	15.70B	-12.9%	-6.1%
Q4 23	16.95B	+7.9%	-4.9%
Q2 25	15.15B	-10.6%	-15.6%
Q3 25	15.15B	0.0%	-16.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$92.8K	75K
Q2 16	$103.1K	75K
Q3 17	$88.9K	70K
Q3 18	$156.2K	68K
Q3 19	$94.9K	65K
Q3 20	$77.7K	63K
Q4 20	$166.9K	62K
Q3 21	$44.4K	62K
Q4 21	$184.6K	58K
Q1 22	$91.2K	58K
Q3 23	-$44.2K	59K
Q4 23	$432.4K	63K
Q2 25	$305.8K	61K
Q3 25	-$95.3K	61K

Revenue / Employee