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Barclays (BARC) investor relations material

Barclays Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary22 Oct, 2025

Executive summary

  • Q3 2025 income rose up to 11% year-on-year to £7.2bn, with all divisions achieving double-digit RoTE in Q3 and statutory RoTE at 10.6%.

  • Upgraded 2025 RoTE guidance to greater than 11% and reaffirmed 2026 target of greater than 12%.

  • Announced a £500m share buyback, moving to quarterly buybacks, and reaffirmed plans to return at least £10bn of capital between 2024 and 2026.

  • CET1 ratio improved to 14.1%, reflecting robust capital generation and prudent risk management.

  • Achieved £500m gross efficiency savings for 2025 one quarter early; on track for £2bn by end of 2026.

Financial highlights

  • Group income up to 11% year-on-year to £7.2bn in Q3 and £22.1bn for the nine months, with NII (excluding IB and Head Office) up 14%.

  • Q3 profit before tax was £2.1bn, YTD profit before tax £7.3bn, and attributable profit up 14% to £4.98bn.

  • Cost:income ratio at 63% in Q3, 59% YTD; total costs up 14% year-on-year, including a £235m motor finance provision.

  • Q3 impairment charge of £632m, loan loss rate at 57bps; YTD group loan loss rate at 53bps.

  • TNAV per share increased to 392p, up 8p in the quarter and 41p year-on-year.

Outlook and guidance

  • 2025 RoTE guidance upgraded to >11%; 2026 target remains >12%.

  • FY 2025 NII (excluding IB and head office) expected to exceed £12.6bn.

  • Cost:income ratio guidance for 2025 at ~61%, targeting high 50s in 2026.

  • Commitment to return at least £10bn of capital over three years, with progressive payout increases.

  • New 2028 targets to be announced in February 2026.

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Frequently asked questions

Over 300 Years of Experience

Barclays PLC is a well-established multinational banking and financial services corporation, headquartered in London. With roots tracing back to the late 16th century, Barclays is one of the oldest financial institutions in the world. Like many similar companies, Barclays operates under a customer-centric approach while providing a broad range of financial services, including retail banking, credit cards, corporate banking, and investment banking.

A Storied History

Barclays' journey started in 1690 when John Freame and Thomas Gould started trading as goldsmith bankers in Lombard Street, London. The business grew steadily over the centuries, expanding its services and reach. The name "Barclays" was adopted in 1736 when James Barclay, a partner and eventual son-in-law of Freame, joined the business. The company has expanded and evolved over the centuries, and one notable milestone was the introduction of the world's first ATM in London in 1967. Throughout the years the bank has navigated through a changing economic landscape, including several global financial crises and sector-wide regulatory changes.

Product and Service Portfolio

Barclays Bank provides a wide array of products and services tailored to meet a broad spectrum of customer needs. Their product portfolio includes personal banking solutions such as checking accounts, savings accounts, credit cards, and mortgages. Additionally, Barclays also offers wealth management services, along with investment banking for businesses, providing solutions such as corporate lending, mergers and acquisitions advisories, and risk management. They, like all modern banks, also offer digital platforms with online and mobile services, enabling customers to manage accounts, make payments, and track investments anytime and anywhere. Some notable competitors include Goldman Sachs, Wells Fargo, and other key players in the industry.

An Influential Player in the Sector

Barclays has had a significant influence on the banking sector over the years, owing largely to its long history and widespread operations. As one of the largest banks in the world, it has often been a trendsetter, pioneering new banking products and services that have become industry standards. Its early adoption of ATMs and online banking, for instance, influenced other banks to follow suit. Barclays' influence also extends to corporate governance and sustainable banking, where its initiatives have helped shape industry practices.

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