Symbols / ING Stock $29.77 -1.10% ING Groep N.V.

Financial Services • Banks - Diversified • Netherlands • NYQ
ING (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Diversified
CEO Mr. Steven J. A. van Rijswijk
Exch · Country NYQ · Netherlands
Market Cap 85.48B
Enterprise Value 210.59B
Income 8.42B
Sales 24.61B
FCF (ttm) —
Book/sh 21.84
Cash/sh 46.04
Employees 60,000
Insider 10d —
IPO May 18, 1994
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 47.98%
P/E 11.54
Forward P/E 9.44
PEG 1.67
P/S 3.47
P/B 1.36
P/C —
EV/EBITDA —
EV/Sales 8.56
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 2.58
EPS next Y 3.15
EPS Growth 13.70%
Revenue Growth 2.90%
EPS Gr Q/Q 6.90%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 0.78%
ROE 16.57%
ROIC —
Gross Margin 0.00%
Oper. Margin 41.68%
Profit Margin 34.23%
Shs Outstand 2.87B
Shs Float 2.88B
Insider Own 0.00%
Instit Own 5.77%
Short Float 0.07%
Short Ratio 0.54
Short Interest 1.87M
52W High 31.18
vs 52W High -4.52%
52W Low 20.39
vs 52W Low 46.00%
Beta 0.90
Impl. Vol. 35.25%
Rel Volume 0.63
Avg Volume 3.07M
Volume 1.92M
Target (mean) $31.13
Tgt Median $29.90
Tgt Low $28.00
Tgt High $35.50
# Analysts 3
Recom Hold
Prev Close $30.10
Price $29.77
Change -1.10%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.13
Mean price target
2. Current target
$29.77
Latest analyst target
3. DCF / Fair value
$38.70
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$29.77
Low
$28.00
High
$35.50
Mean
$31.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-07-15 up Barclays Equal-Weight → Overweight —
2024-06-07 up Barclays Equal-Weight → Overweight —
2022-03-23 up Barclays Underweight → Equal-Weight —
2021-12-02 down RBC Capital Outperform → Sector Perform —
2021-11-26 down Goldman Sachs Buy → Neutral —
2020-05-11 main CFRA — → Strong Buy $7
2019-06-14 init Barclays — → Underweight —
2019-03-21 up RBC Capital Sector Perform → Outperform —
2018-11-02 up Morgan Stanley Underweight → Equal-Weight —
2017-04-19 init Jefferies — → Buy —
2016-12-07 down Independent Research Buy → Hold —
2016-09-23 up RBC Capital Sector Perform → Outperform —
2016-03-31 down Morgan Stanley Equal-Weight → Underweight —
2016-01-05 down RBC Capital Outperform → Sector Perform —
2015-06-30 up B of A Securities Neutral → Buy —
2015-04-29 down Deutsche Bank Buy → Hold —
2015-03-25 down Goldman Sachs Buy → Neutral —
2014-12-17 up Macquarie Neutral → Outperform —
2014-08-11 up HSBC Neutral → Overweight —
2014-04-01 main B of A Securities — → Neutral $41
News
RSS: Latest ING news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
22,903.00
+1.55%
22,554.00
-0.53%
22,674.00
+20.03%
18,891.00
Operating Revenue
22,903.00
+1.55%
22,554.00
-0.53%
22,674.00
+20.03%
18,891.00
Selling General And Administration
—
7,625.00
+7.49%
7,094.00
—
Selling And Marketing Expense
443.00
+0.45%
441.00
+19.51%
369.00
+11.48%
331.00
General And Administrative Expense
7,600.00
+5.79%
7,184.00
+6.83%
6,725.00
-1.82%
6,850.00
Salaries And Wages
7,600.00
+5.79%
7,184.00
+6.83%
6,725.00
+9.31%
6,152.00
Other Gand A
—
277.00
-4.15%
289.00
+5.86%
273.00
Reconciled Depreciation
665.00
-1.19%
673.00
-0.15%
674.00
-5.20%
711.00
Total Unusual Items
-77.00
+45.39%
-141.00
+43.37%
-249.00
+64.53%
-702.00
Total Unusual Items Excluding Goodwill
-77.00
+45.39%
-141.00
+43.37%
-249.00
+64.53%
-702.00
Special Income Charges
-77.00
+45.39%
-141.00
+43.37%
-249.00
+64.48%
-701.00
Other Special Charges
68.00
-35.85%
106.00
-56.56%
244.00
-26.73%
333.00
Impairment Of Capital Assets
—
30.00
-21.05%
38.00
-51.90%
79.00
Restructuring And Mergern Acquisition
—
142.00
-17.92%
173.00
+1.76%
170.00
Write Off
9.00
-74.29%
35.00
+600.00%
5.00
-97.40%
192.00
Net Income
6,327.00
-1.02%
6,392.00
-12.28%
7,287.00
+98.34%
3,674.00
Pretax Income
9,148.00
-1.63%
9,300.00
-11.36%
10,492.00
+90.69%
5,502.00
Net Interest Income
14,681.00
-2.28%
15,023.00
-5.97%
15,976.00
+16.14%
13,756.00
Interest Expense
36,368.00
-17.12%
43,882.00
+21.05%
36,252.00
+146.38%
14,714.00
Interest Income
51,050.00
-13.34%
58,905.00
+12.78%
52,228.00
+83.44%
28,471.00
Gain On Sale Of Security
-3,805.00
-283.37%
2,075.00
+295.24%
525.00
-64.26%
1,469.00
Gain On Sale Of Business
—
0.00
0.00
-100.00%
73.00
Tax Provision
2,545.00
-3.96%
2,650.00
-10.77%
2,970.00
+72.17%
1,725.00
Tax Rate For Calcs
0.00
-2.46%
0.00
+0.71%
0.00
-9.74%
0.00
Tax Effect Of Unusual Items
-21.41
+46.73%
-40.19
+42.97%
-70.47
+67.98%
-220.09
Net Income Including Noncontrolling Interests
6,602.00
-0.72%
6,650.00
-11.58%
7,521.00
+99.13%
3,777.00
Net Income From Continuing Operation Net Minority Interest
6,327.00
-1.02%
6,392.00
-12.28%
7,287.00
+98.34%
3,674.00
Net Income From Continuing And Discontinued Operation
6,327.00
-1.02%
6,392.00
-12.28%
7,287.00
+98.34%
3,674.00
Net Income Continuous Operations
6,602.00
-0.72%
6,650.00
-11.58%
7,521.00
+99.13%
3,777.00
Minority Interests
-275.00
-6.59%
-258.00
-9.79%
-235.00
-130.39%
-102.00
Normalized Income
6,382.59
-1.70%
6,492.81
-13.03%
7,465.53
+79.64%
4,155.91
Net Income Common Stockholders
6,327.00
-1.02%
6,392.00
-12.28%
7,287.00
+98.34%
3,674.00
Diluted EPS
2.12
+7.07%
1.98
-2.94%
2.04
+101.98%
1.01
Basic EPS
2.12
+7.07%
1.98
-3.41%
2.05
+100.98%
1.02
Basic Average Shares
2,989.70
-7.40%
3,228.70
-9.38%
3,562.90
-1.55%
3,619.10
Diluted Average Shares
2,989.70
-7.40%
3,228.70
-9.44%
3,565.30
-1.63%
3,624.30
Diluted NI Availto Com Stockholders
6,327.00
-1.02%
6,392.00
-12.28%
7,287.00
+98.34%
3,674.00
Amortization
230.00
+0.88%
228.00
+4.59%
218.00
-3.54%
226.00
Amortization Of Intangibles Income Statement
230.00
+0.88%
228.00
+4.59%
218.00
-3.54%
226.00
Depreciation Amortization Depletion Income Statement
681.00
-3.13%
703.00
-1.13%
711.00
+0.00%
711.00
Depreciation And Amortization In Income Statement
681.00
-3.13%
703.00
-1.13%
711.00
+0.00%
711.00
Depreciation Income Statement
451.00
-5.05%
475.00
-3.65%
493.00
+1.65%
485.00
Insurance And Claims
—
230.00
-28.13%
320.00
-24.71%
425.00
Other Non Interest Expense
3,419.00
+2.67%
3,330.00
-0.18%
3,336.00
+22.83%
2,716.00
Professional Expense And Contract Services Expense
440.00
-4.97%
463.00
+9.72%
422.00
+23.75%
341.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,054,405.00
+3.32%
1,020,545.00
+4.61%
975,583.00
+0.80%
967,817.00
Cash And Cash Equivalents
52,889.00
-24.82%
70,353.00
-22.02%
90,214.00
+2.97%
87,614.00
Cash Financial
1,756.00
+6.75%
1,645.00
+3.65%
1,587.00
-5.59%
1,681.00
Other Short Term Investments
53,424.00
+19.30%
44,781.00
+11.49%
40,166.00
+29.64%
30,982.00
Receivables
938.00
-4.67%
984.00
+17.99%
834.00
-7.33%
900.00
Other Receivables
—
—
—
900.00
Prepaid Assets
829.00
+100.73%
413.00
-5.71%
438.00
+19.67%
366.00
Net PPE
2,478.00
+1.81%
2,434.00
+1.46%
2,399.00
-1.92%
2,446.00
Gross PPE
6,325.00
-0.27%
6,342.00
+2.72%
6,174.00
-5.23%
6,515.00
Accumulated Depreciation
-3,846.00
+1.59%
-3,908.00
-3.52%
-3,775.00
+7.23%
-4,069.00
Properties
994.00
+14.12%
871.00
+15.67%
753.00
-11.10%
847.00
Other Properties
5,331.00
-2.56%
5,471.00
+0.92%
5,421.00
-4.36%
5,668.00
Goodwill And Other Intangible Assets
1,512.00
+13.43%
1,333.00
+11.27%
1,198.00
+8.81%
1,101.00
Goodwill
477.00
+0.21%
476.00
+1.49%
469.00
+1.08%
464.00
Other Intangible Assets
1,035.00
+20.77%
857.00
+17.56%
729.00
+14.44%
637.00
Investments And Advances
141,699.00
+6.33%
133,265.00
+13.08%
117,850.00
+14.39%
103,029.00
Long Term Equity Investment
1,607.00
-4.29%
1,679.00
+11.27%
1,509.00
+0.60%
1,500.00
Total Liabilities Net Minority Interest
1,003,452.00
+3.53%
969,237.00
+4.96%
923,401.00
+0.65%
917,406.00
Payables And Accrued Expenses
3,269.00
+11.23%
2,939.00
-8.36%
3,207.00
+18.51%
2,706.00
Payables
3,269.00
+11.23%
2,939.00
-8.36%
3,207.00
+18.51%
2,706.00
Other Payable
2,021.00
+14.57%
1,764.00
-18.71%
2,170.00
+7.64%
2,016.00
Employee Benefits
981.00
+0.72%
974.00
+6.68%
913.00
+13.56%
804.00
Total Tax Payable
1,248.00
+6.21%
1,175.00
+13.31%
1,037.00
+50.29%
690.00
Income Tax Payable
1,248.00
+6.21%
1,175.00
+13.31%
1,037.00
+50.29%
690.00
Long Term Debt And Capital Lease Obligation
179,219.00
+4.61%
171,327.00
+14.22%
150,000.00
+25.53%
119,497.00
Long Term Debt
178,169.00
+4.68%
170,211.00
+14.36%
148,838.00
+25.79%
118,323.00
Long Term Capital Lease Obligation
1,050.00
-5.91%
1,116.00
-3.96%
1,162.00
-1.02%
1,174.00
Long Term Provisions
941.00
+21.58%
774.00
-15.87%
920.00
-12.55%
1,052.00
Defined Pension Benefit
528.00
-7.04%
568.00
+2.53%
554.00
-10.21%
617.00
Non Current Pension And Other Postretirement Benefit Plans
183.00
-3.68%
190.00
-2.06%
194.00
+15.48%
168.00
Non Current Deferred Liabilities
380.00
+26.25%
301.00
+52.02%
198.00
-31.01%
287.00
Non Current Deferred Revenue
15.00
+7.14%
14.00
+0.00%
14.00
-53.33%
30.00
Non Current Deferred Taxes Liabilities
365.00
+27.18%
287.00
+55.98%
184.00
-28.40%
257.00
Stockholders Equity
49,698.00
-1.22%
50,313.00
-1.81%
51,238.00
+2.67%
49,907.00
Common Stock Equity
49,698.00
-1.22%
50,313.00
-1.81%
51,238.00
+2.67%
49,907.00
Capital Stock
30.00
-3.23%
31.00
-11.43%
35.00
-5.41%
37.00
Common Stock
30.00
-3.23%
31.00
-11.43%
35.00
-5.41%
37.00
Share Issued
3,021.54
-4.00%
3,147.39
-10.03%
3,498.19
-6.13%
3,726.54
Ordinary Shares Number
2,902.44
-6.26%
3,096.27
-7.40%
3,343.62
-7.61%
3,619.14
Treasury Shares Number
119.11
+133.01%
51.12
-66.93%
154.57
+43.92%
107.40
Additional Paid In Capital
17,116.00
+0.00%
17,116.00
+0.00%
17,116.00
+0.00%
17,116.00
Retained Earnings
35,630.00
+5.25%
33,853.00
-8.14%
36,852.00
+5.46%
34,944.00
Gains Losses Not Affecting Retained Earnings
-674.00
-964.10%
78.00
+110.12%
-771.00
+21.73%
-985.00
Treasury Stock
2,404.00
+214.25%
765.00
-61.63%
1,994.00
+65.48%
1,205.00
Minority Interest
1,255.00
+26.13%
995.00
+5.40%
944.00
+87.30%
504.00
Other Equity Adjustments
886.00
-1.45%
899.00
-11.86%
1,020.00
+65.05%
618.00
Total Equity Gross Minority Interest
50,953.00
-0.69%
51,308.00
-1.67%
52,182.00
+3.51%
50,411.00
Total Capitalization
227,867.00
+3.33%
220,524.00
+10.22%
200,076.00
+18.93%
168,230.00
Invested Capital
227,867.00
+3.33%
220,524.00
+10.22%
200,076.00
+18.93%
168,230.00
Total Debt
179,219.00
+4.61%
171,327.00
+14.22%
150,000.00
+25.53%
119,497.00
Net Debt
125,280.00
+25.46%
99,858.00
+70.34%
58,624.00
+90.90%
30,709.00
Capital Lease Obligations
1,050.00
-5.91%
1,116.00
-3.96%
1,162.00
-1.02%
1,174.00
Net Tangible Assets
48,186.00
-1.62%
48,980.00
-2.12%
50,040.00
+2.53%
48,806.00
Tangible Book Value
48,186.00
-1.62%
48,980.00
-2.12%
50,040.00
+2.53%
48,806.00
Available For Sale Securities
57,276.00
+2.26%
56,008.00
+4.00%
53,856.00
-1.40%
54,621.00
Cash Cash Equivalents And Federal Funds Sold
59,725.00
-26.38%
81,130.00
-15.02%
95,465.00
-10.79%
107,009.00
Derivative Product Liabilities
22,019.00
-22.10%
28,267.00
+12.40%
25,148.00
-25.85%
33,917.00
Fixed Assets Revaluation Reserve
156.00
-3.11%
161.00
-9.55%
178.00
+1.14%
176.00
Foreign Currency Translation Adjustments
-2,774.00
-39.68%
-1,986.00
+21.41%
-2,527.00
-5.51%
-2,395.00
Minimum Pension Liabilities
-345.00
-3.60%
-333.00
-5.05%
-317.00
-36.64%
-232.00
Trading Securities
29,392.00
-4.56%
30,797.00
+37.99%
22,319.00
+40.14%
15,926.00
Unrealized Gain Loss
1,403.00
+4.94%
1,337.00
+52.80%
875.00
+3.18%
848.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-6,380.00
+71.70%
-22,544.00
-98.80%
-11,340.00
-2.05%
-11,112.00
Cash Flow From Continuing Operating Activities
-6,379.00
+71.71%
-22,545.00
-98.83%
-11,339.00
-2.03%
-11,113.00
Net Income From Continuing Operations
9,148.00
-1.63%
9,300.00
-11.36%
10,492.00
+90.69%
5,502.00
Depreciation Amortization Depletion
665.00
-1.19%
673.00
-0.15%
674.00
-5.20%
711.00
Depreciation And Amortization
665.00
-1.19%
673.00
-0.15%
674.00
-5.20%
711.00
Other Non Cash Items
3,436.00
+540.51%
-780.00
+72.50%
-2,836.00
-151.33%
5,525.00
Operating Gains Losses
-427.00
-137.65%
1,134.00
+153.69%
447.00
—
Net Foreign Currency Exchange Gain Loss
-427.00
-137.65%
1,134.00
+153.69%
447.00
—
Change In Working Capital
-18,140.00
+42.07%
-31,311.00
-74.56%
-17,937.00
+22.81%
-23,237.00
Change In Other Working Capital
43,830.00
+142.11%
18,103.00
+169.10%
-26,199.00
-689.54%
4,444.00
Change In Other Current Assets
-18,677.00
-3336.92%
577.00
+110.66%
-5,415.00
+22.24%
-6,964.00
Change In Other Current Liabilities
11,529.00
+246.79%
-7,854.00
-215.50%
6,800.00
+53.95%
4,417.00
Investing Cash Flow
-15,697.00
-160.19%
-6,033.00
+29.40%
-8,545.00
-61.01%
-5,307.00
Cash Flow From Continuing Investing Activities
-15,696.00
-160.17%
-6,033.00
+29.41%
-8,546.00
-61.03%
-5,307.00
Net PPE Purchase And Sale
-312.00
-10.64%
-282.00
-49.21%
-189.00
-27.70%
-148.00
Purchase Of PPE
-351.00
-5.72%
-332.00
-34.96%
-246.00
-6.49%
-231.00
Sale Of PPE
39.00
-22.00%
50.00
-12.28%
57.00
-31.33%
83.00
Capital Expenditure
-351.00
-5.72%
-332.00
-34.96%
-246.00
-6.49%
-231.00
Net Investment Purchase And Sale
-15,384.00
-167.50%
-5,751.00
+31.18%
-8,357.00
-61.77%
-5,166.00
Purchase Of Investment
-196,661.00
-49.49%
-131,552.00
-88.00%
-69,974.00
-60.11%
-43,703.00
Sale Of Investment
181,277.00
+44.10%
125,801.00
+104.17%
61,617.00
+59.89%
38,537.00
Net Business Purchase And Sale
—
0.00
0.00
-100.00%
7.00
Net Other Investing Changes
-1.00
—
1.00
—
Financing Cash Flow
8,245.00
+53.42%
5,374.00
-70.80%
18,404.00
+295.87%
4,649.00
Cash Flow From Continuing Financing Activities
8,244.00
+53.43%
5,373.00
-70.81%
18,404.00
+295.78%
4,650.00
Net Issuance Payments Of Debt
15,833.00
+21.15%
13,069.00
-47.52%
24,902.00
+163.23%
9,460.00
Issuance Of Debt
154,143.00
+19.21%
129,304.00
+8.97%
118,661.00
+26.65%
93,690.00
Repayment Of Debt
-138,310.00
-18.99%
-116,235.00
-23.97%
-93,759.00
-11.31%
-84,230.00
Long Term Debt Issuance
154,143.00
+19.21%
129,304.00
+8.97%
118,661.00
+26.65%
93,690.00
Long Term Debt Payments
-138,310.00
-18.99%
-116,235.00
-23.97%
-93,759.00
-11.31%
-84,230.00
Net Long Term Debt Issuance
15,833.00
+21.15%
13,069.00
-47.52%
24,902.00
+163.23%
9,460.00
Net Common Stock Issuance
-3,705.00
+2.93%
-3,817.00
-8.10%
-3,531.00
-105.65%
-1,717.00
Common Stock Dividend Paid
-3,884.00
-0.13%
-3,879.00
-30.74%
-2,967.00
+4.07%
-3,093.00
Cash Dividends Paid
-3,884.00
-0.13%
-3,879.00
-30.74%
-2,967.00
+4.07%
-3,093.00
Net Other Financing Charges
1.00
+0.00%
1.00
—
-1.00
Changes In Cash
-13,832.00
+40.39%
-23,203.00
-1466.71%
-1,481.00
+87.42%
-11,770.00
Effect Of Exchange Rate Changes
-1,089.00
-47.16%
-740.00
+17.59%
-898.00
-78.17%
-504.00
Beginning Cash Position
69,069.00
-25.74%
93,012.00
-2.49%
95,391.00
-11.40%
107,665.00
End Cash Position
54,148.00
-21.60%
69,069.00
-25.74%
93,012.00
-2.49%
95,391.00
Free Cash Flow
-6,731.00
+70.58%
-22,876.00
-97.45%
-11,586.00
-2.14%
-11,343.00
Interest Paid Supplemental Data
37,666.00
-8.56%
41,191.00
+22.11%
33,734.00
+137.68%
14,193.00
Sale Of Business
—
0.00
0.00
-100.00%
7.00
Taxes Refund Paid
-2,366.00
+14.09%
-2,754.00
-2.00%
-2,700.00
-83.18%
-1,474.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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