Filing Flows › ING Groep NV (ING) › H1 2026 › vs H2 2025
ING Groep NV (ING) H1 2026 vs H2 2025 (quarter over quarter)
ING Groep NV's revenue fell $1.6B (-12%) from $13.3B in H2 2025 to $11.7B in H1 2026. Operating margin 100.0% against 100.0% (+0.0 pts).
ING Groep NV, H1 2026: revenue $11.7B (-6% year over year), operating margin 100.0%, net earnings $3.2B, operating cash flow $15.2B. The chart draws each line against H2 2025, the increases inside each band.
Margins
| H1 2026 | H2 2025 | Change | |
|---|---|---|---|
| Operating margin | 100.0% | 100.0% | +0.0 pts |
| Net margin | 27.3% | 33.2% | -5.9 pts |
| Free cash flow margin | 127.4% | -128.8% | +256.2 pts |
Every line
| Line | H1 2026 | H2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $11.7B | $13.3B | −$1.6B | -12% |
| Operating profit | $11.7B | $13.3B | −$1.6B | -12% |
| Costs & expenses | $0 | $0 | $0 | — |
| Pre-tax earnings | $4.7B | $6.2B | −$1.5B | -24% |
| Other expense, net | $6.9B | $7.0B | −$111M | -2% |
| Net earnings | $3.2B | $4.4B | −$1.2B | -28% |
| Minority interests | $120M | $148M | −$28.0M | -19% |
| Income tax | $1.4B | $1.7B | −$242M | -14% |
| Depreciation & amortization | $333M | $335M | −$2.0M | -0.6% |
| Working capital & other | $11.7B | −$21.6B | $33.3B | — |
| Operating cash flow | $15.2B | −$16.9B | $32.1B | — |
| Free cash flow (OCF − capex) | $14.9B | −$17.1B | $32.0B | — |
| Capital expenditures | $369M | $227M | $142M | +63% |
Questions
How much did ING Groep NV's revenue grow quarter over quarter in H1 2026?
ING Groep NV's revenue fell $1.6B (-12%) from $13.3B in H2 2025 to $11.7B in H1 2026. Operating margin 100.0% against 100.0% (+0.0 pts).