ING financial statements

The full income statement, balance sheet, and cash-flow statement for ING Group N.V. (ING), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 3.89B2018-12 3.89B2019-12 3.90B2020-12 3.90B2021-12 3.90B2022-12 3.73B2023-12 3.50B2024-12 3.15B2025-12 2.90B-25.3% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	29.1B YoY+27.3%	22.8B YoY+16.4%	19.6B YoY-38.7%	32.0B YoY+34.6%	23.8B YoY+21.0%
Operating income	29.1B YoY+27.3%	22.8B YoY+16.4%	19.6B YoY-38.7%	32.0B YoY+34.6%	23.8B YoY+21.0%
Pre-tax income	13.3B YoY+58.7%	8.41B YoY+28.8%	6.53B YoY-64.2%	18.2B YoY+84.0%	9.92B YoY+156.0%
Income tax	3.61B YoY+53.1%	2.36B YoY+31.3%	1.80B YoY-66.7%	5.39B YoY+97.7%	2.73B YoY+123.6%
	9.73B YoY+60.8%	6.05B YoY+27.9%	4.73B	—	—
Net income to common	9.42B YoY+63.2%	5.77B YoY+28.9%	4.48B YoY-64.9%	12.7B YoY+81.1%	7.04B YoY+174.4%
	$3.15 YoY+76.2%	$1.79 YoY+42.3%	$1.25 YoY-64.4%	$3.52 YoY+94.6%	$1.81 YoY+173.7%
EPS (basic)	$3.15 YoY+76.2%	$1.79 YoY+42.3%	$1.25 YoY-64.4%	$3.52 YoY+94.6%	$1.81 YoY+173.7%
	2.99B YoY-7.4%	3.23B YoY-9.4%	3.56B YoY-1.6%	3.62B YoY-6.9%	3.89B YoY-0.3%
	2.99B YoY-7.4%	3.23B YoY-9.4%	3.57B YoY-1.6%	3.62B YoY-6.8%	3.89B YoY-0.3%
Dividends per share	$1.23 YoY+7.1%	$1.15 YoY-4.1%	$1.20 YoY+103.5%	$0.59 YoY+21.2%	$0.48 YoY+254.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	63.6B YoY-11.7%	72.0B YoY-30.0%	103B YoY+1.2%	102B YoY-16.9%	122B YoY-10.5%
	1.25T YoY+16.6%	1.07T YoY-1.6%	1.09T YoY+4.2%	1.04T YoY-3.4%	1.08T YoY-5.8%
Property, plant & equipment	—	—	—	2.61B YoY-8.7%	2.86B YoY-17.9%
Total liabilities	1.18T YoY+16.7%	1.01T YoY-1.1%	1.02T YoY+4.4%	981B YoY-3.7%	1.02T YoY-5.7%
	63.5B YoY+15.6%	55.0B YoY-9.2%	60.5B YoY+0.5%	60.2B YoY+1.8%	59.1B YoY-6.5%
Total equity incl. non-controlling	65.0B YoY+16.1%	56.0B YoY-9.0%	61.6B YoY+1.3%	60.8B YoY+1.3%	60.0B YoY-7.0%
	3.02B YoY-4.0%	3.15B YoY-10.0%	3.50B YoY-6.1%	3.73B YoY-4.5%	3.90B YoY+0.1%
	3.02B YoY-4.0%	3.15B YoY-10.0%	3.50B YoY-6.1%	3.73B YoY-4.5%	3.90B YoY+0.1%
	2.90B YoY-7.8%	3.15B YoY-10.0%	3.50B YoY-6.1%	3.73B YoY-4.5%	3.90B YoY+0.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-7.22B YoY+70.4%	-24.4B YoY-98.9%	-12.3B YoY-5.0%	-11.7B YoY+33.9%	-17.7B YoY-115.3%
Depreciation & amortization	—	—	499M YoY-2.2%	510M YoY-24.8%	678M YoY+2.9%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	170B YoY+26.1%	135B YoY+7.2%	126B YoY+29.2%	97.5B YoY-3.2%	101B YoY+35.2%
Long-term debt repaid	153B YoY+25.1%	122B YoY+24.8%	98.0B YoY+12.5%	87.1B YoY+184091129.2%	47.3K YoY-100.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	72.4M YoY+55.7%	46.5M YoY+2.4%	45.4M YoY-97.3%	1.66B YoY-19.4%	2.06B
Dividends paid	4.40B YoY-7.2%	4.74B YoY+64.0%	2.89B YoY+26.2%	2.29B YoY+25.1%	1.83B YoY+243.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	81.3B YoY+64.8%	49.3B YoY-11.9%	56.0B YoY+17.8%	47.5B YoY-12.6%	54.3B YoY+47.6%
P/E	8.4× YoY+2.5%	8.2× YoY-7.8%	8.8× YoY+17.8%	7.5× YoY-12.6%	8.6× YoY+47.6%
P/S	2.8× YoY+29.4%	2.2× YoY+23.5%	1.8× YoY-12.5%	2.0× YoY-12.6%	2.3× YoY+22.0%
P/B	1.3× YoY+42.6%	0.9× YoY-3.4%	0.9× YoY+15.7%	0.8× YoY-12.6%	0.9× YoY+57.8%
	12.0% YoY-2.4%	12.3% YoY+8.5%	11.3% YoY-15.1%	13.3% YoY+14.4%	11.6% YoY-32.2%
	4.4% YoY-40.0%	7.3% YoY-8.1%	8.0% YoY+64.9%	4.8% YoY+38.6%	3.5% YoY+140.4%
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: ING's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ING filings on SEC EDGAR → Not investment advice.