Barclays PLC

LSE:BARC Stock Report

Market Cap: UK£69.9b

Barclays Past Earnings Performance

Past criteria checks 5/6

Barclays has been growing earnings at an average annual rate of 3.2%, while the Banks industry saw earnings growing at 15% annually. Revenues have been growing at an average rate of 4.1% per year. Barclays's return on equity is 9.9%, and it has net margins of 24.3%.

Key information

3.22%

Earnings growth rate

8.21%

EPS growth rate

Banks Industry Growth21.22%
Revenue growth rate4.06%
Return on equity9.87%
Net Margin24.32%
Next Earnings Update22 Oct 2026

Recent past performance updates

Recent updates

Narrative Update • Aug 06

BARC: Higher Profitability And Capital Returns Will Drive Future Share Price

Analysts have lifted their Barclays price target to £6.55 from £6.30, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E expectations. What’s in the News for Barclays Barclays is involved in a High Court case brought by administrators of collapsed shadow bank Market Financial Solutions, who are seeking cash they say is owed to the business and held in Barclays accounts.
Narrative Update • Jul 23

BARC: Loan Digitisation And Buybacks Will Support Measured Future Returns

Analysts have nudged their fair value price target for Barclays higher from £5.49 to £5.66, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What’s in the News for Barclays Barclays' agented U.S. broadly syndicated loan deals are now live on Versana’s centralized digital data platform via API integration, giving clients real time access to the bank's agent led facilities and digitally contributed loan data.
Narrative Update • Jul 09

BARC: Share Buybacks And Improved Profitability Assumptions Will Support Higher Share Price

Analysts have adjusted their fair value estimate for Barclays from £5.90 to £6.30, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Barclays Barclays completed a share repurchase of 110,060,483 shares, representing 0.8% of its share capital, for £500 million under the buyback announced on April 28, 2026.
Narrative Update • Jun 25

BARC: Buyback And Youth Platform Acquisition Are Expected To Support Steady Returns

Analysts have nudged their fair value estimate for Barclays stock from £5.39 to £5.49, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that together support a slightly higher price target. What’s in the News for Barclays Barclays is under scrutiny over its previous dealings with Market Financial Solutions, after reportedly reducing exposure and blocking transactions when financial irregularities were identified, while some creditors question why other banks were not warned about concerns ahead of the lender’s collapse and £1.3b fraud allegations (source: recent investigative reporting).
Narrative Update • Jun 10

BARC: Buyback And Fee Cuts Are Expected To Support Stronger Returns

Analysts have made a small adjustment to their £5.39 price target for Barclays, reflecting fine tuned assumptions around the bank’s discount rate, revenue growth, profit margin and future P/E that keep their overall valuation view broadly unchanged. What's in the News Barclays chief executive CS Venkatakrishnan has called for the UK to "fight" harder for foreign investment, arguing that Britain needs a clearer pitch to global investors and a regulatory and business environment that supports confidence.
New Narrative • Jun 03

Why Is Barclays Trading Below Book Value?

Barclays is currently trading at a price-to-book ratio of around 0.8, depending on the source used. In simple terms, this means that for every £100 of net assets attributable to shareholders on Barclays' balance sheet, the market is valuing those assets at approximately £80.
Narrative Update • May 27

BARC: Buyback And Small Business Partnership Will Support Stronger Future Returns

Analysts have nudged their fair value estimate for Barclays to £5.39, up from £5.30, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Barclays PLC has announced a share repurchase program of up to £500 million, with all repurchased ordinary shares to be cancelled and the program scheduled to end no later than October 24, 2026 (Key Developments).
Narrative Update • Apr 29

BARC: Future Buybacks And Income Guidance Will Support Higher Share Price

Analysts have lifted their price target on Barclays to £X from £Y, reflecting updated views on revenue growth, profit margins, and a higher forward P/E assumption. What's in the News Barclays PLC has announced a new share repurchase program of up to £500 million, adding to its existing capital return activity (Buyback Transaction Announcements).
Narrative Update • Apr 15

BARC: Evelyn Bid And Wealth Expansion Will Support Stronger Future Returns

Analysts have nudged their price target on Barclays slightly higher, from £5.30 to roughly £5.30, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels as support for the revised view. What's in the News Barclays and Sage agreed a new partnership aimed at helping UK small businesses manage day-to-day administration, improve visibility of their finances and keep up with Making Tax Digital requirements through combined banking and accounting tools (Client announcement).
Narrative Update • Apr 01

BARC: Future Income Guidance And Buybacks Will Support Higher Share Price

Analysts have trimmed their Barclays price target slightly to £5.90. This reflects updated assumptions on revenue growth, profit margins and future P/E that are now broadly in line with previous fair value estimates.
Narrative Update • Mar 18

BARC: Future Income Guidance And Buybacks Will Support Stronger Share Price

Analysts have raised their price target for Barclays to £5.90 from £5.00, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Barclays and Sage agreed a new partnership aimed at helping small businesses save time on administration, improve visibility over their finances and keep up with evolving UK tax rules, including the expansion of Making Tax Digital for Income Tax (Client announcement).
Narrative Update • Mar 04

BARC: Evelyn Bid And Wealth Expansion Will Support Stronger Future Returns

Narrative Update on Barclays Analysts have lifted their price target on Barclays to £5.30 from £4.92, reflecting updated assumptions that include a slightly lower discount rate, modestly adjusted revenue growth expectations, a higher projected profit margin, and a lower future P/E multiple. What's in the News Barclays issued earnings guidance for fiscal 2026, indicating expected Group total income of about £31b.
Narrative Update • Feb 17

BARC: Evelyn Bid And Capital Returns Will Likely Keep Shares Fairly Priced

Analysts have nudged their price target on Barclays higher, lifting fair value from £3.93 to £4.47 as they factor in updated assumptions for revenue growth, profit margins and a lower future P/E. What's in the News Barclays completed the repurchase of 311,571,616 shares, around 2.19% of its share capital, for £1,232m under the buyback program announced on July 30, 2025, with purchases occurring between July 30, 2025 and December 31, 2025 (company announcement).
Narrative Update • Feb 03

BARC: Prospective Evelyn Deal Will Likely Leave Shares Looking Expensive

Analysts have raised their fair value estimate for Barclays from £3.23 to £3.93 per share, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Reuters reported that Barclays is considering an acquisition of UK wealth manager Evelyn Partners, with a potential business value of over £2.5b and non binding offers requested by 10 December 2025, alongside interest from other banks such as NatWest Group, Lloyds and Royal Bank of Canada (Reuters).
Narrative Update • Jan 20

BARC: Evelyn Bid Prospects And Wealth Expansion Will Support Measured Future Outlook

Analysts have lifted their price target on Barclays, citing a modest adjustment to fair value; slightly lower required return; marginally stronger revenue growth and profitability assumptions; and a higher expected future P/E multiple supporting the revised outlook. What's in the News Priority Technology Holdings Inc.
Narrative Update • Jan 06

BARC: Wealth Expansion Plans And Evelyn Bid Interest Will Support Balanced Outlook

Analysts have trimmed their fair value price target for Barclays slightly, reflecting marginal tweaks to discount rate and forward P/E assumptions, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Priority Technology Holdings Inc.
Narrative Update • Dec 19

BARC: Modest Wealth Expansion Plans Will Support A Balanced Future Outlook

Analysts have raised their price target for Barclays slightly to reflect a modest uptick in fair value, supported by incremental improvements in projected revenue growth, profit margins, and future earnings multiples. What's in the News Priority Technology Holdings appointed Barclays as financial advisor to a committee of independent and disinterested directors overseeing strategic matters, underscoring ongoing demand for Barclays advisory capabilities (company announcement).
Narrative Update • Dec 05

BARC: Marginal Margin Gains And Stable Outlook Will Support Measured Future Prospects

Narrative Update on Barclays Analysts have modestly raised their price target on Barclays, highlighting a slightly higher fair value estimate and improved profit margin outlook. These factors more than offset minor adjustments to discount rate and revenue growth assumptions, and they also incorporate a marginally richer forward P/E multiple.
Narrative Update • Nov 20

BARC: Revenue Improvements And Margins Will Support Bullish Future Outlook

Barclays Analyst Price Target Receives Upward Revision Analysts have raised their price target for Barclays from $4.45 to $4.49. This adjustment reflects modest improvements in projected revenue growth, which slightly outweigh a small decrease in expected profit margins.
Narrative Update • Nov 06

BARC: Profit Margins And Revenue Trends Will Support Fair Valuation Outlook

Barclays’ analyst price target has been revised upward from £4.17 to £4.45. Analysts cite stronger revenue growth projections and improved profit margins as key drivers behind the higher valuation.
Narrative Update • Oct 22

Barclays Analyst Raises Price Target Amid Improved Outlook and Modest Valuation Adjustments

Narrative Update on Barclays: Analyst Price Target Revision Analysts have marginally increased their price target for Barclays, raising it from £4.16 to approximately £4.17. This change is attributed to subtle improvements in revenue growth projections and profitability metrics.
Narrative Update • Oct 08

Digital Banking And Fintech Partnerships Will Underpin Future Success

Analysts have slightly raised their price target for Barclays to £4.16, citing improved outlooks on revenue growth and profit margins. What's in the News Barclays PLC commenced a share repurchase program on July 30, 2025, with authorization to buy back up to 10% of its issued share capital, following shareholder approval at the Annual General Meeting (Key Developments).
Narrative Update • Sep 19

Digital Banking And Fintech Partnerships Will Underpin Future Success

Barclays’ consensus analyst price target saw a negligible increase from £4.07 to £4.11, as both the discount rate and future P/E multiple remained largely unchanged. What's in the News TELUS Corporation retained Barclays as its lead financial advisor.
Narrative Update • Sep 04

Digital Banking And Fintech Partnerships Will Underpin Future Success

Barclays’ key valuation metrics, including Future P/E and revenue growth forecasts, remained largely stable, resulting in no meaningful change to the consensus analyst price target, which held at £4.07. What's in the News Barclays commenced a new share repurchase program, authorized to buy back up to 10% of issued share capital, with shares to be held as treasury shares for various corporate purposes.

Revenue & Expenses Breakdown

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

Earnings and Revenue History

LSE:BARC Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2628,1416,84317,2740
31 Mar 2627,0926,24316,8210
31 Dec 2526,8186,17516,8210
30 Sep 2526,0165,94515,9260
30 Jun 2525,6546,05216,3870
31 Mar 2524,8765,63015,9260
31 Dec 2424,2505,31615,9260
30 Sep 2423,5994,24015,8990
30 Jun 2423,2513,95015,8050
31 Mar 2423,2244,04115,8990
31 Dec 2323,4974,27415,8990
30 Sep 2323,7545,42115,0770
30 Jun 2323,4995,65915,7620
31 Mar 2324,0945,40215,0770
31 Dec 2223,7365,02314,9010
30 Sep 2223,6245,06613,5630
30 Jun 2223,4004,92814,0220
31 Mar 2223,1035,90513,5630
31 Dec 2122,5936,20513,5630
30 Sep 2121,9835,34613,4370
30 Jun 2121,2204,58313,7500
31 Mar 2118,7372,62513,4370
31 Dec 2016,9451,52613,4370
30 Sep 2017,2671,98713,4200
30 Jun 2017,7541,08413,2320
31 Mar 2019,0942,02813,4200
31 Dec 1919,7302,46113,4200
30 Sep 1919,4721,76613,8940
30 Jun 1919,2653,10813,9610
31 Mar 1919,5023,39913,8940
31 Dec 1819,6681,59713,8940
30 Sep 1819,86936614,1690
30 Jun 1819,4705620,7820
31 Mar 1818,701-1,20614,1690
31 Dec 1718,92758714,0890
30 Sep 1719,0552,02115,2430
30 Jun 1719,8901,6427,8940
31 Mar 1720,5162,21515,2430
31 Dec 1619,8181,56214,8760
30 Sep 1617,820-1,24214,7040
30 Jun 1617,713-1,06413,1560
31 Mar 1618,479-69114,7040
31 Dec 1519,641-62614,7040
30 Sep 1520,2541942,9430

Quality Earnings: BARC has high quality earnings.

Growing Profit Margin: BARC's current net profit margins (24.3%) are higher than last year (23.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BARC's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: BARC's earnings growth over the past year (13.1%) exceeds its 5-year average (3.2% per year).

Earnings vs Industry: BARC earnings growth over the past year (13.1%) exceeded the Banks industry 12.5%.

Return on Equity

High ROE: BARC's Return on Equity (9.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 17:37
End of Day Share Price 2026/08/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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

Barclays PLC is covered by 29 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jesús Gómez DominguezBanco Santander
Michael ChristodoulouBerenberg
Dirk Hoffmann-BeckingBernstein