BDO Unibank Past Earnings Performance

Past criteria checks 3/6

BDO Unibank has been growing earnings at an average annual rate of 15.4%, while the Banks industry saw earnings growing at 12.5% annually. Revenues have been growing at an average rate of 10.6% per year. BDO Unibank's return on equity is 13.4%, and it has net margins of 31%.

Key information

15.43%

Earnings growth rate

15.27%

EPS growth rate

Banks Industry Growth	10.63%
Revenue growth rate	10.59%
Return on equity	13.35%
Net Margin	31.03%
Last Earnings Update	30 Jun 2026

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How BDO Unibank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:ZB9 Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 26	280,008	86,874	112,466
31 Mar 26	276,799	87,174	110,309
31 Dec 25	273,125	86,766	108,408
30 Sep 25	268,182	84,083	105,041
30 Jun 25	261,490	82,787	102,322
31 Mar 25	256,510	82,818	98,698
31 Dec 24	250,072	81,612	95,579
30 Sep 24	247,252	79,721	92,478
30 Jun 24	241,637	77,249	90,919
31 Mar 24	227,154	75,003	87,866
31 Dec 23	227,499	73,004	85,487
30 Sep 23	219,433	70,616	81,101
30 Jun 23	216,163	67,967	79,208
31 Mar 23	216,518	61,476	78,562
01 Jan 23	179,594	56,715	74,568
30 Sep 22	193,019	50,010	77,120
30 Jun 22	183,769	44,973	74,490
31 Mar 22	178,066	43,799	74,197
31 Dec 21	175,758	42,451	71,837
30 Sep 21	175,395	43,726	69,968
30 Jun 21	175,527	45,041	68,053
31 Mar 21	160,264	29,531	67,439
31 Dec 20	159,249	27,907	66,891
30 Sep 20	161,204	28,368	67,110
30 Jun 20	161,725	27,990	68,600
31 Mar 20	176,170	42,858	68,012
31 Dec 19	173,981	43,855	67,656
30 Sep 19	168,361	43,297	73,460
30 Jun 19	159,997	39,712	71,769
31 Mar 19	151,817	36,255	64,001
31 Dec 18	142,537	32,369	61,853
30 Sep 18	134,022	28,556	52,412
30 Jun 18	128,734	27,268	50,763
31 Mar 18	125,288	28,116	55,465
31 Dec 17	122,428	27,730	54,556
30 Sep 17	114,414	27,280	51,910
30 Jun 17	108,714	26,274	50,829
31 Mar 17	108,092	26,247	49,847
31 Dec 16	101,862	25,895	48,590
30 Sep 16	100,526	26,381	46,627
30 Jun 16	96,552	26,185	45,083
31 Mar 16	87,169	24,034	43,123
01 Jan 16	85,805	24,578	41,946
30 Sep 15	83,141	23,329	39,718

Quality Earnings: ZB9 has high quality earnings.

Growing Profit Margin: ZB9's current net profit margins (31%) are lower than last year (31.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ZB9's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: ZB9's earnings growth over the past year (4.9%) is below its 5-year average (15.4% per year).

Earnings vs Industry: ZB9 earnings growth over the past year (4.9%) exceeded the Banks industry 1.7%.

Return on Equity

High ROE: ZB9's Return on Equity (13.4%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/18 12:50
End of Day Share Price	2026/09/18 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BDO Unibank, Inc. is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Kwek	Bernstein
Julian Vincent Roxas	BofA Global Research
Eunice Dolatre	CGS International