ING Groep N.V.

INGVFOTCFinancial Services● Active

$29.40

$-3.00(-9.26%)

Market Cap$84.3B

P/E Ratio—

52W High$32.4

52W Low$20.25

Avg Volume14K

Open$29.40

Beta0.90

Free Cash Flow Financials Revenue

ING Groep N.V. (INGVF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

INGVF · free cash flow · updated Jun 8, 2026

Core FCF metrics

INGVF · FCF · TTM · margin & CAGR

Free cash flow was −$190.9M for FY2025 (fiscal year ending 2025-12-31), up 99.2% year-over-year The FCF margin was -0.3%.

FY2025 Free Cash Flow−$190.9M▲ +99.2% YoY

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin-0.3%−$190.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

INGVF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$6.38B(351M)−$190.9M▲ +99.2%-0.3%

FY2024−$22.54B(332M)−$22.88B▼ 295.4%-101.2%

FY2023$11.95B(246M)$11.71B▲ +203.2%19.9%

FY2022−$11.11B(231M)−$11.34B▲ +25.0%-38.5%

FY2021−$14.94B(184M)−$15.13B▼ 115.0%-58.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

INGVF · P/FCF · FCF yield · FCF per share

ING Groep N.V. (INGVF) reported negative free cash flow of −$0.19B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

INGVF · cash flow statement · operating / investing / financing

For FY2025, ING Groep N.V. generated −$6.38B in operating cash flow and spent 351M in capital expenditures, yielding −$190.9M in free cash flow.

Operating Activities

−$6.38B

Cash from core business operations

2025-12-31

Investing Activities

−$15.70B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$8.24B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$6.38B) − |CapEx| (351M) = FCF (−$190.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

INGVF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ING Groep N.V.YOU

INGVF

−$190.9M+99.2%-0.3%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ING Groep N.V. (INGVF) reported free cash flow of −$190.9M for FY2025 (fiscal year ending 2025-12-31), up 99.2% year-over-year. The FCF margin was -0.3%.

Based on available data, ING Groep N.V. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $100.96B in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

INGVF free cash flow · 8 questions

ING Groep N.V. free cash flow was −$190.9M for FY2025, up 99.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

INGVF free cash flowINGVF FCFINGVF FCF 2025INGVF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ING Groep N.V. · ING Groep N.V. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026