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LYGLloyds Banking Group plc
$6.05$88.1B
Overview & Verdict
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LYG logoLloyds Banking Group plc(LYG)Earnings, Financials & Key Ratios

LYG•NYSE•Banking & Credit
$6.17
17.1× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryNon-US regional and universal banks
AboutLloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers. The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, debt financing, and debt capital market services to small and medium-sized entities, corporates, and financial institutions. The Insurance and Wealth segment offers insurance, investment and wealth management products and services. It also provides digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands. Lloyds Banking Group plc was founded in 1695 and is based in London, the United Kingdom.Show more
  • Net Interest Income$12.94B+5.4%
  • Total Revenue$65B+72.8%
  • Net Income$4.66B+5.4%
  • Return on Equity9.94%+4.8%
  • Net Interest Margin1.37%+1.2%
  • Efficiency Ratio19.63%-41.5%
  • ROA0.5%+1.8%
  • Equity / Assets5.07%+0.2%
  • Book Value per Share3.20+10.0%

LYG Price & Volume

Lloyds Banking Group plc (LYG) stock price & volume — 10-year historical chart

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Operational Volatility Masks Structural Margin Compression Risks

Investment Thesis • Updated 2025Q4

VerdictNegative: The bank's core profitability is under pressure as evidenced by a 0.4% net interest margin and a high 96.1% efficiency ratio
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Stable
Primary Risk:UK Mortgage Market Concentration

Key Thesis Takeaways

  • Lloyds Banking Group faces significant headwinds as its core net interest margin compressed to 0.4% in 2025Q4, reflecting intense competitive pressure in the UK mortgage market.
  • The bank's reliance on non-interest fee income, which surged to 93.1% of total revenue in the most recent quarter, suggests a pivot toward volatile revenue streams to offset interest-bearing lending challenges.
  • Investors should monitor the bank's elevated 96.1% efficiency ratio, which indicates that legacy cost structures continue to constrain profitability despite a $944.1 billion asset base.

Verdict Logic

which limits the potential for sustainable earnings growth.

LYG Growth Metrics

Lloyds Banking Group plc (LYG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.64%
5 Years28.31%
3 Years46.26%
TTM-

Profit CAGR

10 Years18.41%
5 Years28.73%
3 Years6.78%
TTM5.12%

EPS CAGR

10 Years23.77%
5 Years41.26%
3 Years10.52%
TTM15.32%

Return on Capital

10 Years1.36%
5 Years1.58%
3 Years1.65%
Last Year1.59%

LYG Recent Earnings

Lloyds Banking Group plc (LYG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$0.13+18.2%
$0.11
Rev
$6.5B-2.2%
$6.6B
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$0.12+9.1%
$0.11
Rev
$6.5B+0.1%
$6.5B
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$0.05-58.3%
$0.12
Rev
$5.8B-185.5%
$6.8B
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$0.14+40.0%
$0.10
Rev
$18.9B+180.6%
$6.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.13vs $0.11+18.2%
$6.5Bvs $6.6B-2.2%
Q1 2026Jan 29, 2026
$0.12vs $0.11+9.1%
$6.5Bvs $6.5B+0.1%
Q4 2025Oct 23, 2025
$0.05vs $0.12-58.3%
$5.8Bvs $6.8B-185.5%
Q3 2025Jul 24, 2025
$0.14vs $0.10+40.0%
$18.9Bvs $6.7B+180.6%
Based on last 12 quarters of dataView full earnings history →

Latest LYG News

Recent stock market news and headlines for Lloyds Banking Group plc (LYG)

Invezz·6 days ago
Top 5 FTSE 100 shares to watch in July: IAG, Lloyds, Rolls-Royce, Sage, NatWest

The FTSE 100 Index remained in a tight range in June as investors focused on the UK's political situation, Bank of England (BoE) action, and the US and Iran situation. It rose to 10,500 points, up by 3.70% from its lowest level in June.

Proactive Investors·Jun 23, 2026
Lloyds could pay £1.35bn for Aldermore, says RBC

RBC Capital Markets has put a price tag of about £1.35 billion on Aldermore (Unlisted (UK):ALDR), the specialist lender whose owners are exploring a sale. But the brokerage, part of Royal Bank of Canada, questions whether a takeover would make strategic sense for Lloyds Banking Group PLC (LSE:LLOY), one potential suitor named in press reports.

Proactive Investors·Jun 22, 2026
Lloyds Bank and Shawbrook said to be exploring Aldermore takeover

Lloyds Banking Group PLC (LSE:LLOY) and Shawbrook Group PLC (LSE:SHAW) are exploring a potential takeover of challenger bank Aldermore, according to reports, in a move that would add to a growing wave of consolidation across Britain's banking and financial services sector. Sky News reported that Lloyds has begun preparations for a possible offer for Aldermore (AIM:ALD), which is owned by South Africa's FirstRand and has been put up for sale amid uncertainty surrounding the motor finance mis-selling scandal.

Reuters·Jun 22, 2026
Lloyds weighs bid for Aldermore as South Africa's FirstRand seeks exit, Sky News reports

Lloyds Banking Group is exploring a potential takeover of Aldermore, the ​lender being sold by South Africa's ‌FirstRand amid a motor finance mis-selling scandal engulfing Britain's banking sector, Sky News reported on ​Monday.

The Guardian·Jun 20, 2026
Lloyds Banking Group to hire 300 tech experts to work on AI

Exclusive: While recruits will increase headcount for now, broader adoption of AI could lead to jobs cuts in future

Peers Comparison

Key metrics vs top competitors for Lloyds Banking Group plc (LYG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LYG logoLYGLloyds Banking Group plcCurrent
$6.17$89.8B17.1472.81%7.17%9.94%2.83%
BCS logoBCSBarclays PLC
$28.41$95.94B11.84-10.85%25.26%9.19%—
NWG logoNWGNatWest Group plc
$18.37$36.55B5.103.2%19.79%13.84%—
HSBC logoHSBCHSBC Holdings plc
$98.74$339.34B16.323.19%17.23%11.4%—
UBS logoUBSUBS Group AG
$52.15$170.94B22.10-0.51%10.48%7%—
DB logoDBDeutsche Bank AG
$37.04$70.86B10.50-8.25%12.79%8.7%—

Compare LYG vs Peers

Lloyds Banking Group plc (LYG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BCS

Most directly comparable listed peer for LYG.

Scale Benchmark

vs JPM

Larger-name benchmark to compare LYG against a more recognizable public peer.

Peer Set

Compare Top 5

vs BCS, NWG, HSBC, UBS

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LYG Frequently Asked Questions

Lloyds Banking Group plc (LYG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Lloyds Banking Group plc growing?

Lloyds Banking Group plc (LYG) grew revenue by 72.8% over the past year. This is strong growth.

Is LYG profitable?

Yes, Lloyds Banking Group plc (LYG) is profitable, generating $4.66B in net income for fiscal year 2025 (7.2% net margin).

Dividend & Returns
Does LYG pay dividends?

Yes, Lloyds Banking Group plc (LYG) pays a dividend with a yield of 2.83%. This makes it attractive for income-focused investors.

What is LYG's return on equity?

Lloyds Banking Group plc (LYG) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.

Industry Metrics
What is Lloyds Banking Group plc's net interest margin?

Lloyds Banking Group plc (LYG) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.

What is Lloyds Banking Group plc's efficiency ratio?

Lloyds Banking Group plc (LYG) has an efficiency ratio of 19.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in LYG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →