ING (ADR)
Runs digital retail franchises and an international wholesale bank from Amsterdam.
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Profile
Provides retail banking in the Netherlands, Belgium, Germany, and other markets alongside international wholesale banking. The bank-only group emerged from a Dutch bank-insurer merger and later separated its insurance and investment-management businesses after state-supported restructuring, while digital services and secure banking remain central to its operating model.
Provides retail banking through franchises in the Netherlands, Belgium, Germany, and other markets, alongside international wholesale banking. The listed parent is centered on ING Bank, its one main legal entity, after separating insurance and investment-management operations.
Builds its operating model around digital services, secure banking, scalable technology, and customer relationships. The current structure combines national retail franchises with an international wholesale bank, while the statutory two-tier governance model separates supervisory oversight from executive management.
Formed in 1991 from a Dutch bank-insurer merger, the group was reshaped after financial-crisis state support and European Commission restructuring. Documented sanctions and anti-money-laundering settlements make financial-crime controls a continuing structural requirement.
Company facts
Categories
Key statistics
Year to date +22.5% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Jul 15, 2025 | Barclays | Upgrade | Equal Weight | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.75 | $0.79 | +5.3% | $6.99B | $7.23B | +3.4% | +7.47% |
| Apr 30, 2026Q1 FY26 | $0.60 | $0.63 | +5.0% | $6.86B | $6.83B | −0.4% | −1.31% |
| Jan 29, 2026Q4 FY25 | $0.50 | $0.56 | +12.0% | $6.67B | $6.92B | +3.7% | −1.57% |
| Oct 30, 2025Q3 FY25 | $0.64 | $0.70 | +9.4% | $6.28B | $6.86B | +9.2% | −2.12% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.53B | $28.11B | $6.78B | $6.72B | $6.75B | $26.73B | |
| Gross profit | $6.17B | $27.76B | $6.41B | $6.30B | $6.35B | $26.40B | |
| Operating income | $2.46B | $2.74B | $2.97B | $2.43B | $2.62B | $3.38B | |
| Net income | $1.69B | $1.94B | $2.07B | $1.63B | $1.80B | $2.26B | |
| Diluted EPS | $0.54 | $0.63 | $0.70 | $0.56 | $0.63 | $0.78 | |
| Gross margin | 94.4% | 98.8% | 94.4% | 93.7% | 94.1% | 98.8% | |
| Operating margin | 37.7% | 9.8% | 43.7% | 36.1% | 38.8% | 12.7% |
Fiscal years (4-quarter sums)FY21 $25.88B · FY22 $27.37B · FY23 $46.18B · FY24 $47.44B · FY25 $48.14B
Balance sheet, Jun 30, 2026Cash & short-term investments $219.10B · Total debt $214.45B · Total assets $1.34T · Shareholders' equity $58.22B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 17 | $0.4611 | cut from $0.8606 |
| Apr 17, 2026 | Apr 17 | May 1 | $0.8606 | raised from $0.4051 |
| Jan 8, 2026 | Jan 8 | Jan 23 | $0.1996 | special dividend |
| Aug 11, 2025 | Aug 11 | Aug 25 | $0.4051 | cut from $0.8019 |
| Apr 25, 2025 | Apr 25 | May 9 | $0.8019 | raised from $0.3817 |
| Jan 13, 2025 | Jan 13 | Jan 23 | $0.1651 | special dividend |
| Aug 8, 2024 | Aug 8 | Aug 19 | $0.3817 | cut from $0.8143 |
| Apr 24, 2024 | Apr 25 | May 10 | $0.8143 | raised from $0.3828 |
Ownership
Shares outstanding 2.86B · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 12.84M | 0.45% | 13F | Aug 13, 2026 |
| FMR LLC | 7.84M | 0.27% | 13F | Aug 13, 2026 |
| Goldman Sachs Group Inc | 7.58M | 0.27% | 13F | Aug 14, 2026 |
| Bank of America Corp /DE/ | 6.18M | 0.22% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 5.88M | 0.21% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Deutsche Bank
German retail, transaction-banking and markets rival
- BBVA (ADR)
Spanish and Turkish rival across retail, digital and wholesale banking
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ING (ADR) | $35.30 | +0.16% | $100.67B | 13.3 | 10.7 | 3.7 | −74.7% |
| Deutsche Bank | $40.13 | −0.55% | $75.84B | 10.4 | 8.7 | 1.1 | +23.8% |
| BBVA (ADR) | $28.93 | −0.24% | $160.23B | 13.3 | 10.5 | 3.4 | +17.8% |
| Median | 11.9 | 9.6 | 2.2 | +20.8% |