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Lloyds Banking Group (LYG) Q2 2025 earnings results (second quarter 2025)

6-K filed Jul 24, 2025

Lloyds Banking Group (LYG) reported revenue of $4.7B for the second quarter 2025 (Q2 2025), +4% from a year earlier and -0.1% from the quarter before. Operating margin was 42.4%, net earnings $1.3B (27.0% of revenue).

Revenue$4.7B
Year over year+4%
Quarter over quarter-0.1%
Operating margin42.4%
Net earnings$1.3B

Lloyds Banking Group, Q2 2025: revenue $4.7B (+4% year over year), operating margin 42.4%, net earnings $1.3B. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$4.7B-0.1%+4%
Operating profit$2.0B+31%+17%
Net earnings$1.3B+26%+18%

What changed

Revenue was £4.7B in Q2 2025, up 4% year over year and roughly flat from the previous quarter.

Operating profit was £2.0B, a 42.4% margin (up 4.6 points year over year). Of the extra revenue versus a year earlier, 144% reached operating profit, above the 38% margin then. Total costs fell 3% while revenue rose 4%. Net earnings were £1.3B, up 18% year over year. The effective tax rate was 29.0%.

Questions

What was Lloyds Banking Group's revenue in the second quarter 2025?

Lloyds Banking Group (LYG) reported revenue of $4.7B for the second quarter 2025 (Q2 2025), +4% from a year earlier and -0.1% from the quarter before.

Was Lloyds Banking Group profitable in the second quarter 2025?

Operating profit was $2.0B (42.4% of revenue) and net earnings $1.3B.

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Source: Lloyds Banking Group 6-K on SEC EDGAR.