SHG financial statements
The full income statement, balance sheet, and cash-flow statement for Shinhan Financial Group Co Ltd American Depositary Shares (SHG), 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)
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.
| Line item | Trend | 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 | 45.5B-16.3% | 54.4B+15.7% | 47.0B+3.1% | 45.6B | — | |
| Research & development | 19.3M+9.6% | 17.6M+6.6% | 16.5M+2.7% | 16.0M-27.5% | 22.1M+28.7% | |
| Operating income | 4.95B+4.3% | 4.74B+1.5% | 4.67B+2.1% | 4.58B-12.1% | 5.20B+24.4% | |
| Pre-tax income | 4.88B+10.2% | 4.43B-3.1% | 4.57B-7.4% | 4.93B+1.0% | 4.88B+21.0% | |
| Income tax | 1.30B+20.2% | 1.08B-5.2% | 1.14B-8.7% | 1.25B-3.0% | 1.29B+20.7% | |
| 3.58B+7.0% | 3.35B-2.4% | 3.43B-6.9% | 3.68B+2.5% | 3.60B+21.1% | ||
| Net income to common | 3.50B+7.1% | 3.27B-2.4% | 3.35B-7.4% | 3.61B+2.9% | 3.51B+21.3% | |
| $6.91+11.5% | $6.20+0.5% | $6.17-6.4% | $6.58+3.0% | $6.39 | ||
| EPS (basic) | $6.91+11.5% | $6.20+0.5% | $6.17-6.4% | $6.58+3.0% | $6.39 | |
| Weighted-avg shares (basic) | 486M-3.9% | 506M-2.5% | 519M-2.2% | 531M-0.6% | 534M+6.7% | |
| Dividends per share | $0.40+0.8% | $0.39-42.4% | $0.68-40.3% | $1.14-16.3% | $1.36-6.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 24.4B+1.8% | 24.0B+0.9% | 23.8B+22.9% | 19.4B-6.2% | 20.7B-16.4% | |
| 544B+8.0% | 504B-6.9% | 541B+2.7% | 527B-3.2% | 545B-2.2% | ||
| Property, plant & equipment | 2.88B+1.5% | 2.83B-8.9% | 3.11B-2.3% | 3.18B-6.4% | 3.40B-7.4% | |
| Goodwill | 3.22B+1.4% | 3.18B-13.1% | 3.66B-1.5% | 3.72B-5.3% | 3.92B-9.1% | |
| Total non-current assets | 7.38B+2.1% | 7.23B-11.6% | 8.18B+1.2% | 8.08B-7.3% | 8.71B-6.2% | |
| Total liabilities | 503B+8.3% | 464B-6.7% | 497B+2.6% | 485B-3.6% | 503B-2.2% | |
| 40.1B+5.1% | 38.2B-9.1% | 42.0B+4.4% | 40.3B+1.3% | 39.7B-2.0% | ||
| Total equity incl. non-controlling | 41.8B+4.3% | 40.1B-9.1% | 44.1B+4.0% | 42.4B+1.8% | 41.6B-2.4% | |
| Common shares issued | — | — | — | 17.5M+0.0% | 17.5M-96.7% | |
| Common shares outstanding | 477M-4.4% | 499M-2.7% | 513M+0.8% | 509M-1.5% | 517M+0.1% | |
| Shares outstanding (cover) | 477M-5.2% | 503M-1.8% | 513M+0.8% | 509M-1.5% | 517M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.85B+101.7% | 3.40B+736.9% | 406M-92.7% | 5.57B+51.7% | 3.67B+517.6% | ||
| Depreciation & amortization | 598M+0.0% | 598M+5.5% | 567M+12.8% | 502M-11.0% | 565M+9.9% | |
| Intangible amortization | 217M+5.9% | 205M+18.4% | 173M+19.8% | 144M+6.4% | 136M+23.0% | |
| Capital expenditure | 182M-6.0% | 194M-3.3% | 200M-20.8% | 253M-13.6% | 293M+23.4% | |
| Free cash flow | 6.67B+108.2% | 3.20B+1457.8% | 206M-96.1% | 5.32B+57.3% | 3.38B+402.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt issued | 31.3B-22.0% | 40.1B+9.9% | 36.5B+19.3% | 30.6B+22.6% | 25.0B+37.0% | |
| Long-term debt repaid | 31.9B-3.8% | 33.1B-1.4% | 33.6B+3.7% | 32.4B+53.3% | 21.1B+15.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 880M+71.2% | 514M+38.1% | 372M+60.2% | 232M+336389.6% | 69.1K-99.9% | |
| Dividends paid | 189M-4.4% | 197M-43.4% | 349M-39.8% | 579M-17.6% | 703M-6.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 25.6B+54.6% | 16.6B+5.7% | 15.7B+8.5% | 14.4B-9.6% | 16.0B+4.0% | |
| P/E | 7.1×+44.5% | 4.9×+16.4% | 4.3×+5.9% | 4.0×-9.6% | 4.4×-14.1% | |
| P/S | 0.6×+84.6% | 0.3×-11.4% | 0.3×-75.3% | 1.4×-9.6% | 1.5×+4.0% | |
| P/B | 0.6×+47.1% | 0.4×+11.4% | 0.4×+7.2% | 0.4×-9.6% | 0.4×+6.2% | |
| P/FCF | 3.8×-25.8% | 5.2×+75.4% | 2.9×-31.0% | 4.3×-9.6% | 4.7× | |
| Earnings yield | 14.0%-30.8% | 20.2%-14.1% | 23.5%-5.6% | 24.9%+10.7% | 22.5%+16.5% | |
| FCF yield | 26.1%+34.7% | 19.4%-43.0% | 33.9%+44.9% | 23.4%+10.7% | 21.2% | |
| Dividend yield | 0.74%-38.2% | 1.2%-46.1% | 2.2%-45.8% | 4.1%-7.4% | 4.4%-9.9% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: SHG’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 SHG filings on SEC EDGAR → Not investment advice.