Lloyds Banking Group plc
Financial Performance
Lloyds Banking Group Revenue & Financials
Revenue
~$24.6B (FY2025)
Market Cap
$61B
Net Income
~$5.5B
Employees
62,500
What is Lloyds Banking Group's revenue?
Lloyds Banking Group had ~$24.6B in revenue for fiscal year 2025, up 6% from 2024. Net income was ~$5.5B.
- Latest revenue
- ~$24.6B (FY2025)
- Year-over-year
- +6%
- Growth rate (CAGR)
- 2.1% over 4 years
- Peak revenue
- ~$24.6B (FY2025)
- Years of data
- 5
- Employees
- 62,500
- How much profit does Lloyds Banking Group make?
- Lloyds Banking Group reported net income of ~$5.5B for fiscal year 2025. stockanalysis.com
- How many employees does Lloyds Banking Group have?
- Lloyds Banking Group has about 62,500 employees.
Financial Analysis
Lloyds' financial history splits into before and after 2008. Its takeover of HBOS, completed in January 2009, brought heavy commercial property losses and led to a UK government capital injection of about $26.4 billion (£20 billion) and a peak state stake of roughly 43%. The government sold its last shares in May 2017. The bank then paid out about $28.9 billion (£21.9 billion) for PPI mis-selling. Under Charlie Nunn, results have been driven by higher interest rates and the structural hedge: 2025 underlying net income was ~$24.2 billion (£18.3 billion), statutory profit before tax rose 12% to ~$8.79 billion (£6.66 billion), the CET1 ratio was 14.0% at year end, and distributions totalled ~$5.15 billion (£3.9 billion), including a ~$2.31 billion (£1.75 billion) buyback completed in September 2026. In H1 2026 net income grew 9% to ~$12.8 billion (£9.7 billion), net interest margin reached 3.19%, and statutory profit after tax was ~$4.09 billion (£3.1 billion). Lloyds Banking Group plc is a colossal British financial institution, commanding a market valuation generally exceeding $45 billion.
Revenue Trend Analysis
YoY Change
+6%
4-Year CAGR
+2.1%
Peak Year
2025
Trend
Mostly Growing
Lloyds Banking Group plc has 5 full fiscal year figures on this page, compounding at +2.1% annually over 4 years. The most recent year saw a 6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$24.6B. Of 4 comparable year-over-year steps, 2 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$24.6B | ~$5.5B | +6.0% | Lloyds Banking Group (LON:LLOY) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2024 | ~$23.2B | ~$5.2B | -4.1% | Lloyds Banking Group (LON:LLOY) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2023 | ~$24.2B | ~$6.5B | +26.1% | Lloyds Banking Group (LON:LLOY) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2022 | ~$19.2B | ~$4.5B | -15.2% | Lloyds Banking Group (LON:LLOY) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2021 | ~$22.6B | ~$7.1B | — | Lloyds Banking Group (LON:LLOY) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-01-01. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
Click any row to see year details.
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Lloyds Banking Group Revenue and Financial FAQ
What is Lloyds Banking Group's annual net income and underlying revenue scale?
Lloyds Banking Group generates annual statutory net income exceeding ~$23.1 billion (£17.5 billion) to ~$24.4 billion (£18.5 billion) (underlying net revenue), delivering statutory pre-tax profits (PBT) between ~$8.58 billion (£6.5 billion) and ~$9.9 billion (£7.5 billion) and post-tax profits surpassing ~$5.94 billion (£4.5 billion) to ~$7.26 billion (£5.5 billion).
What is Lloyds Banking Group's Common Equity Tier 1 (CET1) capital ratio?
Lloyds maintains a fortress regulatory capital position, targeting a Common Equity Tier 1 (CET1) capital ratio between 13.5% and 14.5% (well above regulatory minimum requirements set by the Bank of England's Prudential Regulation Authority).
What is Lloyds Banking Group's dividend distribution and share buyback policy?
Lloyds is one of the FTSE 100's largest dividend payers, returning billions of pounds annually to shareholders through a progressive cash dividend policy (typically yielding 5% to 7%) paired with multi-billion-pound annual share buyback programs.
What is the size of Lloyds Banking Group's total assets and customer deposits?
Lloyds Banking Group holds total assets of approximately $1.16 trillion (£880 billion), backed by a large, stable customer retail and commercial deposit base exceeding ~$620 billion (£470 billion) and loans to customers exceeding ~$594 billion (£450 billion).
What is Lloyds Banking Group's Cost-to-Income (efficiency) ratio?
Lloyds operates as one of the most cost-efficient retail banks in Europe, achieving a cost-to-income ratio between 50% and 54%, driven by extensive branch automation, digital app adoption, and legacy technology modernization.
How do Bank of England base interest rate changes impact Lloyds' financial earnings?
As a pure-play UK retail and commercial bank, Lloyds' net interest income is highly sensitive to Bank of England policy rates; higher base rates expand deposit spreads and structural hedge yields, expanding group operating income.
What is the structural hedge and how does it stabilize bank earnings?
Lloyds maintains a structural hedge portfolio of approximately $317 billion (£240 billion) to ~$330 billion (£250 billion) in fixed-rate government gilts and swaps, locking in multi-year interest rate yields on customer deposits to insulate group earnings from sudden rate cuts.
What are Lloyds' expected credit loss (ECL) provisions and asset quality metrics?
Lloyds maintains conservative credit underwriting standards, with gross impaired loans (non-performing loans) remaining near historic lows (~1.5% to 1.8% of loan book) and modest annual loan impairment provisions.
Did the UK government own Lloyds Bank?
Yes, for nearly a decade. In 2008, Lloyds executed a catastrophic, massive acquisition of HBOS (Halifax Bank of Scotland). HBOS was completely drowning in highly toxic real estate debt. The merger nearly bankrupt Lloyds. To save the entire British financial system, the UK government executed a massive £20.5 billion taxpayer bailout, taking a 43% ownership stake in Lloyds (which it finally sold off completely by 2017).
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lloyds Banking Group Revenue & Financials." CorpDigest, https://corpdigest.com/company/lloyds-banking/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lloyds Banking Group reported ~$24.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lloyds-banking/financials" target="_blank" rel="noopener">CorpDigest — Lloyds Banking Group financials</a></div>Related Financial Audits
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