Filing Flows › Lloyds Banking Group (LYG) › H1 2026
Lloyds Banking Group (LYG) H1 2026 earnings results (H1 2026)
6-K filed Jul 30, 2026
Lloyds Banking Group (LYG) reported revenue of $10.6B for the H1 2026 (H1 2026), +13% from a year earlier. Operating margin was 40.4%, net earnings $3.1B (28.8% of revenue).
Lloyds Banking Group, H1 2026: revenue $10.6B (+13% year over year), operating margin 40.4%, net earnings $3.1B, operating cash flow $17.8B. The chart follows the revenue to costs, profit and cash.
| H1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6B | — | +13% |
| Operating profit | $4.3B | — | +23% |
| Net earnings | $3.1B | — | +22% |
| Operating cash flow | $17.8B | — | +138% |
| Free cash flow | $15.2B | — | +186% |
What changed
Revenue was £10.6B in H1 2026, up 13% year over year.
Operating profit was £4.3B, a 40.4% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 37% margin then. Total costs grew 8% against revenue growth of 13%. Net earnings were £3.1B, up 22% year over year. The effective tax rate was 27.3%.
Operating cash flow was £17.8B (up 138% year over year), 571% of net earnings. Non-cash charges added back £1.8B of depreciation and amortization. Working capital and other items added £12.9B. Capital expenditures of £2.6B left free cash flow of £15.2B.
Questions
What was Lloyds Banking Group's revenue in the H1 2026?
Lloyds Banking Group (LYG) reported revenue of $10.6B for the H1 2026 (H1 2026), +13% from a year earlier.
Was Lloyds Banking Group profitable in the H1 2026?
Operating profit was $4.3B (40.4% of revenue) and net earnings $3.1B.