ING Groep N.V.

ING

$37.05

+1.87%

2026-09-03 15:53:18 EDT+$0.68

Financial Services

Banks - Diversified

NYSE

Active Trading

ING Groep N.V. functions as a prominent global financial services institution, offering a comprehensive suite of banking products and solutions across a ...

Price Action of ING

$37.05

+1.87%+$0.68

High—

Low—

52W High-0.1%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

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ING Groep N.V. (trading as ING) is a publicly listed, Amsterdam-based financial institution that serves customers across a broad international footprint. The group operates with a strong European base and delivers services to retail customers, businesses (from SMEs to mid-market), and other financial institutions. Its core purpose is to provide ...ING Groep N.V. (trading as ING) is a publicly listed, Amsterdam-based financial institution that serves customers across a broad international footprint. The group operates with a strong European base and delivers services to retail customers, businesses (from SMEs to mid-market), and other financial institutions. Its core purpose is to provide everyday banking and financial solutions—ranging from deposits and credit to payments, cash management, and capital-market services—supported by treasury, risk management, and corporate finance capabilities. From a business-model perspective, ING is organized around distinct banking activities, including retail banking and wholesale/corporate banking lines. On the retail side, it offers common consumer and personal banking products such as checking/current and savings accounts, residential mortgage lending, and personal loans. On the wholesale and corporate side, ING provides lending and financing solutions for businesses and institutional clients, including working capital solutions, export finance, and specialized lending. In addition to lending and deposits, ING provides financial-market and transaction services such as debt and equity capital markets support, payment and cash management platforms, and international trade services. The group also supports modern customer needs through digital banking offerings, complemented by investment, insurance, and mortgage-related product lines. In terms of scale and operations, ING employs tens of thousands of people worldwide and reports a workforce of roughly 60,000+ employees in public materials, reflecting its multi-country operating model. The company has historically grown and evolved through structural changes (notably the formation of the ING brand in the early 1990s via a major merger), and it is headquartered in Amsterdam, Netherlands. Key people include Steven van Rijswijk, CEO and Chairman of the Executive Board/Management Board Banking (since July 2020), who leads the group’s long-term strategy. Other executive roles include senior leadership positions such as CFO and CRO. Financially, like other diversified banks, ING’s performance depends on net interest income, credit quality, and fee-based revenues from services such as payments and capital markets. The group’s market presence and scale require substantial compliance, risk, technology, and operating infrastructure, which also influences operating cost structure and capital allocation decisions. Overall, ING aims to offer integrated banking services across the customer lifecycle—spanning deposits, lending, risk/treasury solutions, and transaction services—while maintaining a large diversified banking platform anchored in Europe.ExpandCollapse

Founded

1991

Employees

62770

CEO

Steven J. A. van Rijswijk

Full Name

ING Groep N.V.

Sector

Financial Services

Industry

Banks - Diversified

ROE

13.38%

Market Cap

$105.84B

Current Ratio

0.07

WACC

5.07%

ROIC

-0.83%

Contact Information

https://www.ing.com

31 20 563 9111

Bijlmerdreef 106, Amsterdam, NH 1102 CT

Key Metrics of ING

Snapshot

Latest / TTM · 6 periods

Market Cap

$105.84B

ROCE

3.9%

EV / EBITDA

24.66x

-0.0% YoY

FCF Yield

0.0%

+0.0% YoY

Cash Conversion Cycle

0.0d

Current Ratio

0.07

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of ING

Profitability trend

Latest / TTM · 6 periods

Gross Margin

94.5%

Net Margin

28.2%

P/E Ratio

13.80x

n/a

Debt / Equity

4.31

n/a

Current Ratio

0.07

Dividend Yield

4.1%

Understanding

TTM —

Current ratio below 1.0

High debt to equity

Calendar of ING

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.68 · Revenue $6.39B · 1 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.59 · Revenue $6.38B · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $2.51 · Revenue $24.85B · 3 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.69 · Revenue $6.61B · 1 analysts

Recent history

Aug 17, 2026
Dividend payment
$1.14 per share
Aug 10, 2026
Ex-dividend date
$1.14 per share
Jun 30, 2026
Q2 FY2026 · Results reported
EPS €0.67 · Revenue €23.07B
Mar 31, 2026
Q1 FY2026 · Results reported
EPS €0.54 · Revenue €5.82B
Dec 31, 2025
FY2025 · Annual results
EPS €2.12 · Revenue €23.04B
Sep 30, 2025
Q3 FY2025 · Results reported
EPS €0.60 · Revenue €5.85B

Financial Statements of ING

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$23.0B	-65.3%	+296.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$6.3B	-1.0%	+25.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+94.3%	+192.6%	+5.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+39.7%	+183.6%	-67.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+27.5%	+185.4%	-68.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$0	+100.0%	—
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	0.0%	+100.0%	—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	340.7%	+0.1%	+2.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.13x	-15.4%	-2.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1054.4B	+3.3%	+2.0%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	2.12 vs 2.08	+2.1%	0.67 vs 0.68	-1.6%
Revenue Surprise	$23.0B vs $22.9B	+0.8%	$23.1B vs $6.4B	+260.8%

Earnings Call Transcript of ING

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good morning. This is Laura. Welcoming you to ING's 2Q 2026 Conference Call. Before handing this conference call over to Steven van Rijswijk, Chief Executive Officer of ING Group, let me first say that today's comments may include forward-looking statements such as statements regarding future developments in our business, expectations for our future financial performance and any statement not involving a historical fact. Actual results may differ materially from those projected in any forward-looking statement. A discussion of factors that may cause actual results to differ from those in any forward-looking statement is contained in our public filings, including our most recent annual report on Form 20-F filed with the United States Securities and Exchange Commission and our earnings press release as posted on our website today. Furthermore, nothing in today's comments constitutes an offer to sell or a solicitation of an offer to buy any securities. Good morning, Steven, over to you. Steven van Rijswijk: Thank you very much. Good morning, and welcome to our results call for the second quarter of 2026. Thank you for joining us today. I hope that you're all doing well. I'm joined by our CFO, Ida Lerner; and by our new CRO, Andrea Cesaroni. Through our Growing the difference strategy, we have accelerated growth in both our customer base and customer balances and our excellent second quarter results demonstrate that this commercial performance is translating into improved operating leverage and sustainable earnings growth. And today, I will discuss the drivers behind these results, the value we continue to create through the consistent execution of our strategy and how our strong progress so far this year has enabled us to further upgrade our outlook for 2026 and 2027. After that, Ida will walk you through the quarterly financials. And at the end of the call, we will be happy to take your questions. And with that, let's start with Slide 2. We are pleased by the continued strong customer activity that we see across the franchise as well as by the clear upward momentum in our profitability. And what is particularly encouraging is that these are not separate developments. They are part of the same growth strategy. And we continue to attract more customers and more customers choose us as their primary bank, allowing us to deepen the relationships with more products and higher volumes. And we increasingly do so through a scalable operating model, and this translates into further income growth and diversification positive operating jaws and higher profitability. And the self-reinforcing cycle is the core engine of our strategy and allows us to grow our business, generate capital and offer attractive shareholder returns all at the same time. And looking at the second quarter, we've added 377,000 mobile primary customers, bringing our growth in the last 12 months to over 1 million, ahead of the target set at our Capital Markets Day in June 2024. …

Leadership Team of ING

15 executives

Name	Title	Compensation	Gender	Year Born	Status
Steven J. A. van Rijswijk	Chief Executive Officer and Chairman of the Executive Board & Management Board Banking	EUR 3,274,828	Male	1970	Active
Ljiljana Cortan	Member Executive Board, Member Management Board Banking & Head of Wholesale Banking	EUR 2,476,494	Female	1971	Active
Isaac Vitini	Interim Chief Human Resources Officer	—	—	—	Active
Andrea Cesaroni	Member of Executive Board & Chief Risk Officer	—	Male	1971	Active
Mark Pieter de Boer	Head of Sector Coverage & Chief commercial officer	—	Male	1960	Active
Ricardo Zemella	Co-Head of Global Debt Syndicate	—	Male	—	Active
Bob Bakker	Head of Investor Relations	—	Male	—	Active
Pinar Abay	Head of Retail, Market Leaders, Challengers & Growth Markets and Member of Management Board Banking	—	Female	1977	Active
Vroukje Van Oosten Slingeland	General Counsel & MD	—	Female	—	Active
Rob Van Veldhuizen	Head of Corporate Finance Benelux	—	—	—	Active
Ida Lerner	CFO & Member of the Executive Board	—	Female	1975	Active
Erwin H. Olijslager	Principal Accounting Officer	—	Male	—	Active
Andrew John Milton Bester	Head of Wholesale Banking & Member of Management Board Banking	—	Male	1965	Active
Daniele Tonella	Chief Technology Officer & Management Board Member	—	Male	1971	Active
Marnix van Stiphout	Chief Operating Officer & Member of Management Board Banking	—	Male	1970	Active

Recent News of ING

GuruFocus8/25/2026Neutral

ING DCF Analysis: Intrinsic Value $35 vs Price $35

On August 25, 2026, we delve into the DCF analysis for ING Groep NV (ING), a company that has shown notable price performance with a year-to-date increase of 31

Kitco8/24/2026Neutral

Gold's price rally will depend on sustained investment demand, Fed inflation response – ING's Manthey

Gold prices are surging on the back of renewed investment demand and growing worry about the U.S. fiscal outlook, but sticky inflation and the prospect of Fed rate hikes mean the path higher is unlikely to be a straight one, according to Ewa Manthey, Commodities Strategist at ING.In her latest analysis, Manthey said that fiscal risks have given gold fresh momentum, driving prices above $4,600 per ounce.

GuruFocus8/18/2026Neutral

ING DCF Analysis: Intrinsic Value $35 vs Price $36

On August 18, 2026, we delve into the DCF analysis for ING Groep NV (ING), a company that has shown impressive price performance over the past year, with a 50.5

GlobeNewsWire8/14/2026Neutral

ING to redeem two series of SEC registered Senior Notes

ING to redeem two series of SEC registered Senior Notes ING announced today it will redeem two series of outstanding SEC registered securities: the USD 500 million Callable Floating Rate Senior Notes due 2027 (CUSIP 456837BJ1/ ISIN US456837BJ19) and the USD 1,250 million 6.083% Callable Fixed-to-Floating Rate Senior Notes due 2027 (CUSIP 456837BF9/ ISIN US456837BF96) (together the “Callable Senior Notes”) on their contractual call date of 11 September 2026. The Callable Senior Notes will be redeemed in full in accordance with their terms, with payment to be made on 11 September 2026.

Zacks Investment Research8/11/2026Neutral

ING Groep (ING) Is Up 2.15% in One Week: What You Should Know

Does ING Groep (ING) have what it takes to be a top stock pick for momentum investors? Let's find out.

Historical Employee Count of ING

Current

60,000

Change

-1.83%

Minimum

57,569

Maximum

61,121

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	60,000	20-F	Feb 26, 2026	View
Dec 31, 2024	61,121	20-F	Mar 6, 2025	View
Dec 31, 2023	59,434	20-F	Mar 8, 2024	View
Dec 31, 2022	57,569	20-F	Mar 10, 2023	View
Dec 31, 2021	57,660	20-F	Mar 11, 2022	View

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ING Groep N.V.