LSE$BCS
Barclays · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Barclays Q1 profit up 20% as income rises 11% and RoTE hits 14%
Barclays reported Q1 2025 attributable profit of £1.86 billion, up 20% year over year, on total income of £7.71 billion (+11%). Profit before tax rose 19% to £2.72 billion with return on tangible equity of 14.0% and basic EPS of 13.0p versus 10.3p a year ago. Investment Bank income increased 16% to £3.87 billion, Barclays UK rose 14% including Tesco Bank, and the cost-to-income ratio improved to 57%. Credit impairment charges were £643 million with a 61 bps loan loss rate. The CET1 ratio increased to 13.9% at the upper end of the 13–14% target range. Management raised 2025 NII guidance excluding the Investment Bank and Head Office to above £12.5 billion.
- Attributable profit £1.86B (+20% YoY); basic EPS 13.0p vs 10.3p; RoTE 14.0%
- Total income £7.71B (+11%) with Investment Bank up 16% and Barclays UK up 14%
- Cost-to-income ratio improved to 57%; £150M gross cost savings delivered in Q1
- Credit impairment £643M; loan loss rate 61 bps including £74M US macro adjustment
- CET1 ratio 13.9%; raised FY2025 Group NII ex-IB/HO guidance to >£12.5B
Headline financials
Revenue & EPS history
Barclays · Revenue · Quarterly
£7.71B
Revenue by segment
Barclays · £7.64B total across 5 segments · Q1 2025
- Barclays Investment Bank£3.87B—50.7%
- Barclays UK£2.07B—27.1%
- Barclays US Consumer Bank£864M—11.3%
- Barclays UK Corporate Bank£484M—6.3%
- Barclays Private Bank and Wealth Management£349M—4.6%
Forward guidance
Barclays raised 2025 Group NII excluding IB and Head Office to above £12.5B (Barclays UK NII above £7.6B), targets RoTE of ~11% in 2025 and >12% in 2026, with cost-to-income ratio ~61% in 2025 and high-50s in 2026.
Tailwinds
- Strong diversified income growth across UK retail, corporate, and investment banking
- On track for £0.5B gross efficiency savings in 2025 toward £2B by 2026
Headwinds
- Credit impairment charges rose with £74M post-model US macro adjustment
- Loan loss rate of 61 bps above through-the-cycle 50–60 bps target range
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
-1.1%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+59.9%
Avg return
30 days after
35%
11 / 31 earnings
Positive
+8.6%
Q1 2020
Best reaction
-9.5%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -0.4% | +1.5% | +1860.8% | |
| Q1 2025 | -4.5% | +1.5% | +10.5% | |
| Q3 2023 | -7.3% | -11.1% | +0.7% | |
| Q2 2023 | -7.0% | -9.4% | -14.7% | |
| Q1 2023 | +6.0% | +2.1% | +2.6% | |
| Q4 2022 | -8.2% | -8.6% | -26.8% | |
| Q3 2022 | -0.3% | -1.3% | +11.4% | |
| Q2 2022 | -1.3% | -0.4% | -2.4% | |
| Q1 2022 | +2.3% | +6.5% | +20.1% | |
| Q4 2021 | -5.1% | -5.4% | -13.6% | |
| Q3 2021 | -0.4% | +0.3% | -7.3% | |
| Q2 2021 | +5.0% | +3.1% | +9.5% | |
| Q1 2021 | -9.5% | -7.9% | -0.9% | |
| Q4 2020 | +0.1% | +5.0% | +19.0% | |
| Q3 2020 | +4.4% | -3.1% | +32.7% | |
| Q2 2020 | -8.3% | -6.6% | +3.3% | |
| Q1 2020 | +8.6% | +2.7% | +16.2% | |
| Q4 2019 | -1.4% | -1.4% | -41.4% | |
| Q3 2019 | +2.8% | +2.7% | +2.7% | |
| Q2 2019 | -1.2% | -3.9% | -11.2% | |
| Q1 2019 | -2.0% | +0.6% | -10.3% | |
| Q4 2018 | -2.7% | +3.1% | -2.6% | |
| Q3 2018 | +1.7% | +1.6% | -2.8% | |
| Q2 2018 | -1.9% | -2.8% | -8.6% | |
| Q1 2018 | -2.5% | -4.9% | -7.0% | |
| Q4 2017 | +3.4% | +3.4% | +2.3% | |
| Q3 2017 | +0.3% | -0.9% | +7.1% | |
| Q2 2017 | -1.3% | +0.8% | -8.0% | |
| Q1 2017 | -4.9% | -6.2% | -6.3% | |
| Q4 2016 | -4.0% | -1.7% | +1.6% | |
| Q3 2016 | +4.5% | +2.8% | +20.5% |
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