Financial Services · Banks - Diversified
Price
$30.78
Market Cap
$88.5B
Employees
60,000
Beta
0.90
Avg Volume
3,280,306
CEO
Steven J. A. van Rijswijk
Business Description
ING Groep N.V. functions as a prominent global financial services institution, offering a comprehensive suite of banking products and solutions across a vast international footprint. Its operations extend throughout the Netherlands, Belgium, Germany, Poland, other European countries, North America, Latin America, Asia, and Australia. The company organizes its business into six distinct segments: Retail Banking focused on the Netherlands, Belgium, Germany, and other regions, in addition to its Wholesale Banking and Corporate Line Banking divisions. ING facilitates various client deposits, including checking and savings accounts, and extends credit options to both businesses and individual consumers. These lending products encompass residential mortgage loans, term loans, revolving credit facilities, and personal loans. Furthermore, its extensive offerings include debt and equity capital market services, working capital solutions, export finance, and daily banking conveniences. The firm also provides expertise in treasury and risk management, corporate finance advisory, specialized lending, and general financing. Customers can also utilize payment and cash management systems, international trade services, and a full array of digital banking experiences, alongside its savings, investment, insurance, and mortgage product lines. ING serves a diverse clientele, including individual customers, a broad spectrum of corporate entities—from small and medium-sized enterprises to mid-market corporations—and other financial institutions. The organization, founded in 1762, is headquartered in Amsterdam, the Netherlands.
Business History
Price Overview
Last updated: Jun 27, 2026 10:03am (just now)$30.78
-0.24 (-0.77%)
Day Range
$30.68 – $31.06
52-Week Range
$21.63 – $32.22
50-Day MA
$29.81
200-Day MA
$27.60
Volume
6,080,567.00
Analyst Price Targets
Low
$22.50
Consensus
$22.50
High
$22.50
(1 analysts)
Share Structure
Outstanding
2,876,650,000.00
Float
2,876,388,224.00
Free Float
100.0%
High free float
— 100.0% of shares trade freely, ~0% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
12.23
Stock Price: $30.78
EPS (Diluted): 2.12
EPS (Diluted): 2.12
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.43
Stock Price: $30.78
Total Equity: $49.70B
Shares: 2,984,434,000
Total Equity: $49.70B
Shares: 2,984,434,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
24.19
Market Cap: $88.54B
Total Debt: $169.33B
Cash: $52.89B
EBITDA: $9.15B
Total Debt: $169.33B
Cash: $52.89B
EBITDA: $9.15B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$187.6B
Market Cap: $88.54B
Total Debt: $169.33B
Cash: $52.89B
Total Debt: $169.33B
Cash: $52.89B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
94.3%
Gross Profit: $21.73B
Revenue: $23.04B
Revenue: $23.04B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
39.7%
Operating Income: $9.15B
Revenue: $23.04B
Revenue: $23.04B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
27.5%
Net Income: $6.33B
Revenue: $23.04B
Revenue: $23.04B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
12.7%
Net Income: $6.33B
Total Equity: $49.70B
Total Equity: $49.70B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
2.7%
Operating Income: $9.15B
Tax Rate: 27.8%
Equity: $49.70B
Total Debt: $169.33B
Cash: $52.89B
Tax Rate: 27.8%
Equity: $49.70B
Total Debt: $169.33B
Cash: $52.89B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.13
Current Assets: $106.31B
Current Liabilities: $819.08B
Current Liabilities: $819.08B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
3.41
Short-Term Debt: $0.00
Long-Term Debt: $169.33B
Total Debt: $169.33B
Total Equity: $49.70B
Long-Term Debt: $169.33B
Total Debt: $169.33B
Total Equity: $49.70B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$7.72
Revenue: $23.04B
Shares: 2,984,434,000
Shares: 2,984,434,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$16.65
Total Equity: $49.70B
Shares: 2,984,434,000
Shares: 2,984,434,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.00
Operating CF: $0.00
CapEx: $0.00
Shares: 2,984,434,000
CapEx: $0.00
Shares: 2,984,434,000
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.9%
Last Dividend: N/A
Stock Price: $30.78
Stock Price: $30.78
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $6.33B
Net Income: $6.33B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ING against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $25.8B | $33.6B | $58.9B | $66.4B | $23.0B |
| Cost of Revenue | $8.0B | $16.5B | $36.7B | $45.0B | $1.3B |
| Gross Profit | $17.8B | $17.1B | $22.2B | $21.4B | $21.7B |
| Operating Expenses | $11.0B | $11.6B | $11.7B | $12.1B | $12.6B |
| Operating Income | $6.8B | $5.5B | $10.5B | $9.3B | $9.1B |
| Net Income | $4.8B | $3.7B | $7.3B | $6.4B | $6.3B |
| EBITDA | $7.6B | $6.2B | $11.2B | $10.0B | $9.1B |
| EPS | $1.23 | $1.02 | $1.16 | $1.65 | $2.12 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $106.1B | $87.3B | $89.9B | $70.0B | $52.9B |
| Total Current Assets | $137.2B | $119.5B | $131.3B | $116.1B | $106.3B |
| Total Assets | $951.3B | $967.8B | $975.6B | $1.0T | $1.1T |
| Current Liabilities | $746.5B | $749.9B | $734.2B | $757.1B | $819.1B |
| Long-Term Debt | $114.8B | $118.3B | $148.8B | $170.2B | $169.3B |
| Total Liabilities | $896.6B | $917.4B | $923.4B | $969.2B | $1.0T |
| Total Equity | $53.9B | $49.9B | $51.2B | $50.3B | $49.7B |
| Retained Earnings | $37.3B | $34.9B | $36.9B | $33.9B | $0 |
Cash Flow (Annual)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$14.9B | -$11.1B | -$11.3B | -$22.5B | $0 |
| Capital Expenditure | -$184.0M | -$231.0M | -$246.0M | -$332.0M | $0 |
| Free Cash Flow | -$15.1B | -$11.3B | -$11.6B | -$22.9B | $0 |
| Acquisitions (net) | $27.0M | $7.0M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.6B | -$1.7B | -$3.5B | -$3.8B | $0 |
| Net Change in Cash | -$3.9B | -$12.3B | -$2.4B | -$23.9B | -$69.1B |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$26.9B $26.3B – $27.4B
|
$28.4B $27.9B – $28.9B
|
$29.6B $29.0B – $30.1B
|
$30.7B $30.1B – $31.2B
|
| EBITDA |
$6.5B $6.4B – $6.7B
|
$6.9B $6.8B – $7.0B
|
$7.2B $7.1B – $7.3B
|
$7.5B $7.3B – $7.6B
|
| Net Income |
$8.6B $7.6B – $9.5B
|
$9.9B $9.7B – $10.2B
|
$11.9B $11.6B – $12.2B
|
$13.1B $12.7B – $13.4B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +30.3% | +75.3% | +12.7% | -65.3% |
| Gross Profit Growth | -4.1% | +29.8% | -3.3% | +1.5% |
| Operating Income Growth | -18.9% | +90.7% | -11.4% | -1.6% |
| Net Income Growth | -23.1% | +98.3% | -12.3% | -1.0% |
| EBITDA Growth | -18.4% | +79.7% | -10.7% | -8.3% |
Dividend History (Last 20)
Last updated: Jun 27, 2026 10:03am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-17 | $0.86 | 2026-01-29 | 2026-04-17 | 2026-05-01 |
| 2026-01-08 | $0.20 | 2025-12-26 | 2026-01-08 | 2026-01-23 |
| 2025-08-11 | $0.41 | 2025-07-31 | 2025-08-11 | 2025-08-25 |
| 2025-04-25 | $0.80 | 2025-03-25 | 2025-04-25 | 2025-05-09 |
| 2025-01-13 | $0.17 | 2025-01-03 | 2025-01-13 | 2025-01-23 |
| 2024-08-08 | $0.38 | 2024-07-29 | 2024-08-08 | 2024-08-19 |
| 2024-04-24 | $0.81 | 2024-03-07 | 2024-04-25 | 2024-05-10 |
| 2023-08-11 | $0.38 | 2023-08-03 | 2023-08-14 | 2023-08-21 |
| 2023-01-13 | $0.07 | 2023-01-03 | 2023-01-17 | 2023-01-23 |
| 2022-08-12 | $0.15 | 2022-08-04 | 2022-08-15 | 2022-08-22 |
| 2022-05-13 | $0.21 | 2022-05-06 | 2022-05-16 | 2022-05-25 |
| 2022-04-27 | $0.39 | 2022-03-24 | 2022-04-28 | 2022-05-16 |
| 2021-02-23 | $0.15 | 2021-02-12 | 2021-02-24 | 2021-03-03 |
| 2018-08-10 | $0.28 | 2018-08-03 | 2018-08-13 | 2018-08-21 |
| 2018-04-25 | $0.53 | 2018-02-15 | 2018-04-26 | 2018-05-11 |
| 2017-08-10 | $0.29 | 2017-08-02 | 2017-08-14 | 2017-08-21 |
| 2017-05-09 | $0.45 | 2017-02-07 | 2017-05-11 | 2017-05-25 |
| 2016-08-11 | $0.27 | 2016-08-04 | 2016-08-15 | 2016-08-22 |
| 2016-04-26 | $0.47 | 2016-03-14 | 2016-04-28 | 2016-05-11 |
| 2015-08-13 | $0.26 | 2015-08-24 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ING — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30