ING Groep NV (ING Groep NV) Net Margin %

: 28.80% (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

Net margin is calculated as Net Income divided by its Revenue. ING Groep NV's Net Income for the three months ended in Dec. 2023 was $1,699 Mil. ING Groep NV's Revenue for the three months ended in Dec. 2023 was $5,899 Mil. Therefore, ING Groep NV's net margin for the quarter that ended in Dec. 2023 was 28.80%.

The historical rank and industry rank for ING Groep NV's Net Margin % or its related term are showing as below:

ING' s Net Margin % Range Over the Past 10 Years
Min: 8.22 Med: 25.79 Max: 32.52
Current: 32.32

ING's Net Margin % is ranked better than
69.22% of 1462 companies
in the Banks industry
Industry Median: 25.505 vs ING: 32.32

ING Groep NV Net Margin % Historical Data

The historical data trend for ING Groep NV's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ING Groep NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

26.47

13.93

26.12

19.76

32.52

ING Groep NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																22.37	28.58	37.64	33.93	28.80

Competitive Comparison

For the Banks - Diversified subindustry, ING Groep NV's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ING Groep NV Net Margin % Distribution

For the Banks industry and Financial Services sector, ING Groep NV's Net Margin % distribution charts can be found below:

* The bar in red indicates where ING Groep NV's Net Margin % falls into.

ING Groep NV Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

ING Groep NV's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	7946.565	/	24432.933
	=	32.52 %

ING Groep NV's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1699.019	/	5898.582
	=	28.80 %

ING Groep NV (NYSE:ING) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

ING Groep NV Net Margin % Related Terms

Thank you for viewing the detailed overview of ING Groep NV's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

ING Groep NV (ING Groep NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ING Groep NV (NYSE:ING) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.