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BCS

Barclays PLC

BCS

Barclays PLC • NYSE
$22.79 ▲ 1.83% (+0.41)
Market Cap $80.96 B
52w High $22.91
52w Low $12.14
Dividend Yield 0.45%
P/E 10.6
Volume 3.83M
Outstanding Shares 3.55B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.167B ▲ $4.497B ▼ $1.712B ▼ 23.887% ▼ $0.42 ▼ $2.67B ▲
Q2-2025 $6.718B ▼ $8.316B ▲ $1.911B ▼ 28.446% ▲ $0.48 ▼ $0 ▼
Q1-2025 $7.709B ▲ $4.99B ▼ $2.096B ▲ 27.189% ▲ $0.52 ▲ $2.719B ▲
Q4-2024 $5.697B ▼ $15.926B ▲ $1.193B ▼ 20.941% ▼ $0.27 ▼ $1.661B ▼
Q3-2024 $6.547B $4.315B $1.817B 27.753% $0.44 $2.232B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $867.544B ▲ $1.629T ▲ $1.552T ▲ $76.394B ▲
Q2-2025 $225.723B ▼ $1.599T ▲ $1.522T ▲ $75.906B ▲
Q1-2025 $434.266B ▼ $1.593T ▲ $1.518T ▲ $74.88B ▲
Q4-2024 $509.674B ▲ $1.518T ▼ $1.446T ▼ $71.821B ▲
Q3-2024 $406.04B $1.531T $1.46T $70.972B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.712B ▼ $0 $0 $0 $0 $0
Q2-2025 $1.911B ▼ $0 $0 $0 $0 $0
Q1-2025 $2.096B ▲ $0 $0 $0 $0 $0
Q4-2024 $1.193B ▼ $0 $0 $0 $0 $0
Q3-2024 $1.817B $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Barclays’ income statement shows a bank that has largely stabilized after the shock of 2020 and is now operating on a stronger footing. Revenue has grown over the period, with a particularly large step-up in the most recent year, suggesting either a very strong year in markets-related businesses or some change in reporting mix. Underneath that, core profit measures have been fairly steady, indicating the bank is earning solid spreads and fees rather than relying only on one‑off windfalls. Net income has been consistently positive and has improved significantly from the pandemic low, showing decent cost control and credit quality overall. Earnings per share follow the same pattern: not a straight line upward, but clearly stronger than a few years ago, pointing to a more resilient and profitable franchise, even if results can still be volatile from year to year in investment banking and trading.

Balance Sheet

Balance Sheet The balance sheet reflects a large, mature universal bank with gradual growth and a stable capital base. Total assets have edged higher over time, broadly in line with a modest expansion of the business. Cash and liquid resources remain substantial, which is important for confidence and regulatory liquidity requirements. Debt levels have risen but not dramatically, and equity has grown slowly, implying that capital has been maintained or slightly strengthened while still returning some value to shareholders. Overall leverage looks typical for a major global bank, not obviously stretched, but the balance sheet remains complex and subject to regulatory and credit‑cycle risks that can change quickly if markets turn or loan losses rise.

Cash Flow

Cash Flow Cash generation has generally been strong, with operating cash flow and free cash flow comfortably positive in most years, supporting the idea that reported earnings are backed by real cash. There is one recent year with negative operating and free cash flow, which for a bank can reflect swings in customer deposits, trading positions, or working capital rather than a fundamental earnings problem. Capital spending is relatively low and steady, as expected for a largely service‑based, balance‑sheet business where the big investments are in technology and people, not heavy equipment. Taken together, the cash flow profile suggests Barclays has the capacity to fund its operations, invest in digital transformation, and absorb normal credit losses, while still having room for capital returns when conditions allow.

Competitive Edge

Competitive Edge Barclays holds a strong but contested position as a diversified global bank. Its long history and well‑known brand in the UK and internationally give it deep customer relationships and trust in many segments, from everyday retail banking to large corporate and investment banking. The business mix is broad: UK retail, cards, wealth management, and a sizeable investment bank, which helps smooth results when one area is under pressure. Scale is a major advantage, allowing heavy investment in technology, compliance, and risk management that smaller rivals struggle to match. On the other hand, it faces intense competition from other global banks, specialist investment banks, and nimble fintechs, all under a strict and evolving regulatory regime. The investment bank adds earnings power but also brings higher volatility, reputational sensitivity, and regulatory scrutiny. Overall, its position is solid but not untouchable, and continued execution on risk control, technology, and customer service is critical.

Innovation and R&D

Innovation and R&D Barclays is clearly leaning into technology and partnerships rather than traditional “labs-only” R&D. The bank is embedding artificial intelligence across customer service, fraud detection, trading, and internal productivity tools, aiming to both cut costs and improve client experience. Its fintech incubator network (Eagle Labs) and open innovation platform (Rise) create a pipeline of new ideas and partnerships, effectively outsourcing part of its innovation to the startup ecosystem while retaining access to the most promising solutions. Barclays is also experimenting with blockchain in trade finance and post‑trade processes, and exploring digital asset custody and settlement, which positions it early for possible shifts in market infrastructure. In parallel, its push into sustainable finance and climate‑tech investing indicates a strategic bet on green finance as a future growth area. The challenge will be converting these numerous initiatives into clear, scalable revenue streams and measurable efficiency gains rather than a collection of pilots and experiments.

Summary

Barclays today looks like a large, diversified bank that has rebuilt profitability since 2020 and is now trying to future‑proof itself through technology and partnerships. The income statement shows healthier and more stable earnings than during the pandemic, with some year‑to‑year volatility tied to market‑sensitive activities. The balance sheet and cash flows suggest a generally sound financial footing, with ample liquidity and the capacity to fund ongoing digital investment. Competitively, Barclays benefits from scale, brand, and a broad product set, but operates in a crowded and heavily regulated field where missteps in risk management or conduct can be costly. Its innovation efforts in AI, fintech collaboration, blockchain, and sustainable finance are meaningful and could reinforce its moat if executed well. Overall, the bank appears to be balancing legacy strengths with a visible push toward a more digital, partnership‑driven future, while still exposed to the usual banking risks of credit cycles, regulation, and market swings.

NEWS

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