Filing Flows › Lloyds Banking Group (LYG) › Q1 2025
Lloyds Banking Group (LYG) Q1 2025 earnings results (first quarter 2025)
6-K filed May 1, 2025
Lloyds Banking Group (LYG) reported revenue of $4.7B for the first quarter 2025 (Q1 2025), +7% from a year earlier. Operating margin was 32.3%, net earnings $1.0B (21.4% of revenue).
Lloyds Banking Group, Q1 2025: revenue $4.7B (+7% year over year), operating margin 32.3%, net earnings $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | — | +7% |
| Operating profit | $1.5B | — | -7% |
| Net earnings | $1.0B | — | -6% |
What changed
Revenue was £4.7B in Q1 2025, up 7% year over year.
Operating profit was £1.5B, a 32.3% margin (down 4.8 points year over year). Operating profit fell £0.11B even though revenue rose £0.31B versus a year earlier, so costs grew faster than sales. Total costs grew 15% against revenue growth of 7%. Net earnings were £1.0B, down 6% year over year. The effective tax rate was 25.2%.
Questions
What was Lloyds Banking Group's revenue in the first quarter 2025?
Lloyds Banking Group (LYG) reported revenue of $4.7B for the first quarter 2025 (Q1 2025), +7% from a year earlier.
Was Lloyds Banking Group profitable in the first quarter 2025?
Operating profit was $1.5B (32.3% of revenue) and net earnings $1.0B.