ING Groep N.V. (ING)

ING Groep Income Statement

Financials in millions EUR. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	22,559	22,576	29	18,285	17,819	18,307
Revenue Growth (YoY)	14.83%	77748.28%	-99.84%	2.62%	-2.67%	0.72%
Cost of Revenue	183	0	0	0	0	0
Gross Profit	22,376	22,576	29	18,285	17,819	18,307
Selling, General & Admin	10,588	7,703	7,181	6,527	6,472	6,471
Other Operating Expenses	-11,653	-11,564	-2,522	-18,159	-20,559	-18,042
Operating Expenses	6,149	11,564	4,659	-11,632	-14,087	-11,571
Operating Income	5,756	-235	4,688	6,653	3,732	6,736
Interest Income	33,106	52,228	28,471	21,113	22,709	14,079
Interest Expense	0	36,252	14,714	7,498	9,111	14,377
Other Expense / Income	28,681	5,484	13,046	13,615	13,528	-298
Pretax Income	10,441	10,492	5,502	6,782	3,810	6,834
Income Tax	2,908	2,970	1,725	1,877	1,317	1,955
Net Income	7,273	7,287	3,674	4,776	2,485	4,781
Net Income Growth	50.39%	98.34%	-23.07%	92.19%	-48.02%	1.66%
Shares Outstanding (Basic)	3,310	3,563	3,619	3,889	3,899	3,895
Shares Outstanding (Diluted)	3,303	3,565	3,624	3,891	3,901	3,895
Shares Change	-8.73%	-1.63%	-6.85%	-0.27%	0.15%	0.12%
EPS (Basic)	2.09	1.16	1.02	1.23	0.64	1.23
EPS (Diluted)	2.11	1.16	1.01	1.23	0.64	1.23
EPS Growth	61.07%	14.85%	-17.89%	92.19%	-47.97%	1.65%
Free Cash Flow	0	-11,586	-11,343	-15,127	102,892	12,700
Free Cash Flow Per Share	-	-3.25	-3.13	-3.89	26.38	3.26
Gross Margin	99.19%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	25.52%	-1.04%	16165.52%	36.39%	20.94%	36.79%
Profit Margin	32.24%	32.28%	12668.97%	26.12%	13.95%	26.12%
Free Cash Flow Margin	-	-51.32%	-39113.79%	-82.73%	577.43%	69.37%
Effective Tax Rate	27.85%	28.31%	31.35%	27.68%	34.57%	28.61%
EBITDA	2,731	-235	5,399	7,487	4,561	7,525
EBITDA Margin	12.11%	-1.04%	18617.24%	40.95%	25.60%	41.10%
Depreciation & Amortization	0	674	711	834	829	789
EBIT	-	-909	4,688	6,653	3,732	6,736
EBIT Margin	-	-4.03%	16165.52%	36.39%	20.94%	36.79%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.