Operating primarily within the United Kingdom, Lloyds Banking Group plc and its various subsidiaries deliver an extensive array of banking and financial ...
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$0.04 per share
Est. EPS $0.11 · Revenue $5.42B · 2 analysts
Est. EPS $0.11 · Revenue $5.53B · 1 analysts
Est. EPS $0.41 · Revenue $21.06B · 3 analysts
$0.04 per share
EPS £0.10 · Revenue £13.84B
EPS £0.09 · Revenue £5.18B
EPS £0.27 · Revenue £65.00B
EPS £0.04 · Revenue £-4.33B
EPS £0.08 · Revenue £13.88B
| 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). | $65.0B | +72.8% | +167.0% |
| 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. | $4.7B | +5.4% | +0.2% |
| 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. | +29.9% | -39.6% | 0.0% |
| 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). | +10.2% | -35.4% | -58.1% |
| 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. | +7.2% | -39.0% | -62.5% |
| 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. | $-625.0M | +92.9% | — |
| 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. | -1.0% | +95.9% | — |
| 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. | 199.6% | +3.1% | +3.7% |
| 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. | 0.12x | -10.0% | +0.2% |
| 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. | $944.1B | +4.1% | +2.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.27 vs 0.30 | -8.7% | 0.10 vs 0.10 | -3.1% |
| Revenue Surprise | $65.0B vs $18.8B | +245.2% | $13.8B vs $5.1B | +169.4% |
Charles Nunn: Good morning, everyone, and thank you for joining us today. I'm delighted to welcome you to our 2026 half year results and strategy update presentation. Today represents an important milestone as we approach the end of our current five-year plan and announced an ambitious new strategy to take us through to the end of 2030. We've got a lot to cover this morning, so let me start with a brief overview of the agenda and key messages. I'll begin with a look back on our progress to date. We have successfully executed our 2022 to '26 strategic plan and are on track to deliver our 2026 financial targets. This lays strong foundations for the next phase. William will then cover our first half results that show sustained strength in financial performance. We are today announcing a significant step-up in our ordinary dividend with a 30% increase in the interim, alongside a share buyback of GBP 1 billion. We will then shift focus to our new strategic plan, Accelerate 2030 and the financial outlook. I'm hugely excited by this next phase, where we will reimagine customer journeys, increase group connectivity and deliver a productivity step change, all enabled by pioneering technology. These actions will extend our track record of profitable growth and support long-term sustainable value creation for shareholders. Following the presentation, we'll have plenty of time for your questions. So let us begin with a look back on our progress, starting on Slide 4. We are the U.K.'s financial services leader with competitive advantages that reflect our scale, digital and AI capabilities and cost and capital focus. These competitive advantages underpin sustainable value creation. Our customer lending and deposit balances today totaled nearly GBP 1 trillion in addition to circa GBP 250 billion of open book AUA. These support a diversified revenue base that's on course to reach circa GBP 20 billion in 2026. And we expect to deliver a return on tangible equity in excess of 16% this year and above this in the years to come. I'll discuss some of these areas in more detail, starting with our market leadership and revenue growth on Slide 5. Our strategy over the last 4.5 years has represented a clear shift in focus towards growth. To this end, we are on course to deliver around GBP 5 billion of net income growth by the end of 2026. Benefits from the structural hedge, BAU growth and our strategic initiatives have more than offset material headwinds in the period, including those from the runoff of our SVR mortgage book and highly competitive lending and deposit markets. Growth has been broad-based. Our focus on improving customer propositions and service has improved satisfaction scores and supported market share growth in key areas, up around 3 percentage points on average. This includes gains in PCAs, transport, unsecured lending, home insurance and SME deposits, amongst others, supporting strong balance sheet growth. We've also meaningfully diversified the …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Charles Alan Nunn | Group Chief Executive & Executive Director | GBP 4,168,503 | Male | 1971 | Active |
William Leon David Chalmers | Group Chief Financial Officer & Executive Director | GBP 2,664,796 | Male | 1968 | Active |
Matt Smith | Head of Media Relations | — | — | — | Active |
Ron van Kemenade | Group Chief Operating Officer | — | Male | — | Active |
Carla A. S. Antunes Da Silva | Director of Group Strategy, Corporate Development & Investor Relations | — | Female | 1974 | Active |
Catherine Lucy Cheetham | Chief Legal Officer & Company Secretary | — | Female | 1963 | Active |
Sharon Doherty | Chief People & Places Officer | — | Female | 1969 | Active |
Peter Fitzgerald | Chief Investment Officer | — | Male | — | Active |
Chris Sood-Nicholls | Head of Global Services & MD | — | Male | — | Active |
Suresh Balaji | Chief Marketing Officer | — | Male | — | Active |
Lloyds' share price has moved sideways in recent weeks and is hovering near its highest level of the year. The stock was trading at 114.70p on Monday, just a few pence below its year-to-date high of 118p.
Lloyds Banking Group is upgraded to 'Buy' as the improved outlook for interest rates has enhanced its earnings trajectory. LYG's structural hedge is a multi-year tailwind, with hedge income expected to grow by £1 billion next year. At 3.25%, the forward yield remains below the current 5-year swap rate. Strong operating leverage and cost discipline offset higher credit charges last quarter, supporting solid earnings growth and a high-teens ROTE.
Lloyds Banking Group PLC (NYSE: LYG - Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders acquired 8,139 put options on the stock. This is an increase of 735% compared to the average volume of 975 put options. Analysts Set New Price Targets LYG has been the subject of several
Lloyds Banking Group plc (LYG) Q2 2026 Earnings Call Transcript
Lloyds Banking Group PLC (LSE:LLOY) won a broadly positive response from City analysts after its half-year results and strategy update, with brokers arguing that its new targets may prove conservative. Citi reiterated its 'buy' rating, saying the new plan looks built on "conservative assumptions" and so offered additional upside from Lloyds' proposed consumer 'ecosystem' spanning housing, cars, wealth and insurance.
