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ING Groep NV (CHIX:INGAA) Net Margin % : 31.81% (As of Sep. 2024)


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What is ING Groep NV Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. ING Groep NV's Net Income for the three months ended in Sep. 2024 was €1,880 Mil. ING Groep NV's Revenue for the three months ended in Sep. 2024 was €5,910 Mil. Therefore, ING Groep NV's net margin for the quarter that ended in Sep. 2024 was 31.81%.

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

CHIX:INGAa' s Net Margin % Range Over the Past 10 Years
Min: 8.22   Med: 25.79   Max: 32.52
Current: 30.07


CHIX:INGAa's Net Margin % is ranked better than
66.86% of 1533 companies
in the Banks industry
Industry Median: 24.47 vs CHIX:INGAa: 30.07

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 Net Margin % Chart

ING Groep NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.47 13.93 26.12 19.76 32.52

ING Groep NV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.93 28.80 28.26 31.24 31.81

Competitive Comparison of ING Groep NV's Net Margin %

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's Net Margin % Distribution in the Banks Industry

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 )
=7287/22405
=32.52 %

ING Groep NV's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=1880/5910
=31.81 %

* 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.


ING Groep NV  (CHIX:INGAa) 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

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ING Groep NV Business Description

Address
Bijlmerdreef 106, Amsterdam, NLD, 1102 CT
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.

ING Groep NV Headlines

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