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Filing Flows › ING Groep NV (ING) › H2 2025 › vs H1 2025

ING Groep NV (ING) H2 2025 vs H1 2025 (quarter over quarter)

ING Groep NV's revenue rose $870M (+7%) from $12.4B in H1 2025 to $13.3B in H2 2025. Operating margin 100.0% against 100.0% (+0.0 pts).

ING Groep NV, H2 2025: revenue $13.3B, operating margin 100.0%, net earnings $4.4B, operating cash flow −$16.9B. The chart draws each line against H1 2025, the increases inside each band.

ING Groep NV: what changed, H2 2025 vs H1 2025ING Groep NV: what changed, H2 2025 vs H1 2025Operating cash sources$27.9BWorking capital & other$27.9BCash used in operations$27.4BOperating profit$870MPre-tax earnings$675MNet earnings$494MOther expense, net$195MIncome tax$160MMinority interests$21.0MDepreciation & amortization$5.0M

Margins

H2 2025H1 2025Change
Operating margin100.0%100.0%+0.0 pts
Net margin33.2%31.6%+1.7 pts

Every line

LineH2 2025H1 2025Change%
Revenue$13.3B$12.4B$870M+7%
Operating profit$13.3B$12.4B$870M+7%
Costs & expenses$0$0$0—
Pre-tax earnings$6.2B$5.6B$675M+12%
Other expense, net$7.0B$6.8B$195M+3%
Net earnings$4.4B$3.9B$494M+13%
Minority interests$148M$127M$21.0M+17%
Income tax$1.7B$1.5B$160M+11%
Operating cash sources$21.6B−$6.2B$27.9B—
Depreciation & amortization$335M$330M$5.0M+2%
Cash used in operations$16.9B−$10.5B$27.4B—
Working capital & other$21.6B−$6.2B$27.9B—

Questions

How much did ING Groep NV's revenue grow quarter over quarter in H2 2025?

ING Groep NV's revenue rose $870M (+7%) from $12.4B in H1 2025 to $13.3B in H2 2025. Operating margin 100.0% against 100.0% (+0.0 pts).

H2 2025 results → · Compare in the interactive Sankey →