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Barclays (BCS) FY2024 earnings results (fiscal 2024)
20-F filed Feb 13, 2025
Barclays (BCS) reported revenue of $10.7B for the fiscal 2024 (FY2024), +7% from a year earlier. Operating margin was 75.7%, net earnings $6.3B (58.9% of revenue).
Barclays, FY2024: revenue $10.7B (+7% year over year), operating margin 75.7%, net earnings $6.3B, operating cash flow $7.1B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.7B | — | +7% |
| Operating profit | $8.1B | — | +24% |
| Net earnings | $6.3B | — | +20% |
| Operating cash flow | $7.1B | — | — |
What changed
Revenue was £10.7B in FY2024, up 7% year over year.
Operating profit was £8.1B, a 75.7% margin (up 10.0 points year over year). Of the extra revenue versus FY2023, 213% reached operating profit, above the 66% margin then. Total costs fell 24% while revenue rose 7%. Net earnings were £6.3B, up 20% year over year. The effective tax rate was 21.6%.
Operating cash flow was £7.1B, 112% of net earnings. Non-cash charges added back £1.7B of depreciation and amortization and £1.9B of share-based compensation. Working capital and other items used £2.9B.
Questions
What was Barclays' revenue in the fiscal 2024?
Barclays (BCS) reported revenue of $10.7B for the fiscal 2024 (FY2024), +7% from a year earlier.
Was Barclays profitable in the fiscal 2024?
Operating profit was $8.1B (75.7% of revenue) and net earnings $6.3B.
Source: Barclays 20-F on SEC EDGAR.