Filing Flows › Lloyds Banking Group (LYG) › FY2025
Lloyds Banking Group (LYG) FY2025 earnings results (fiscal 2025)
20-F filed Feb 13, 2026
Lloyds Banking Group (LYG) reported revenue of $19.4B for the fiscal 2025 (FY2025), +8% from a year earlier. Operating margin was 34.3%, net earnings $4.7B (24.0% of revenue).
Lloyds Banking Group, FY2025: revenue $19.4B (+8% year over year), operating margin 34.3%, net earnings $4.7B, operating cash flow $5.7B. The chart follows the revenue to costs, profit and cash.
| FY2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.4B | — | +8% |
| Operating profit | $6.7B | — | +12% |
| Net earnings | $4.7B | — | +5% |
| Operating cash flow | $5.7B | — | — |
| Free cash flow | $630M | — | — |
What changed
Revenue was £19.4B in FY2025, up 8% year over year.
Operating profit was £6.7B, a 34.3% margin (up 1.1 points year over year). Of the extra revenue versus FY2024, 49% reached operating profit, above the 33% margin then. Total costs grew 6% against revenue growth of 8%. Net earnings were £4.7B, up 5% year over year. The effective tax rate was 28.6%.
Operating cash flow was £5.7B, 120% of net income including minority interests. Non-cash charges added back £3.5B of depreciation and amortization and £0.25B of share-based compensation. Working capital and other items used £2.8B. Capital expenditures of £5.1B left free cash flow of £0.63B.
Questions
What was Lloyds Banking Group's revenue in the fiscal 2025?
Lloyds Banking Group (LYG) reported revenue of $19.4B for the fiscal 2025 (FY2025), +8% from a year earlier.
Was Lloyds Banking Group profitable in the fiscal 2025?
Operating profit was $6.7B (34.3% of revenue) and net earnings $4.7B.