Intesa Sanpaolo Past Earnings Performance
Past criteria checks 4/6
Intesa Sanpaolo has been growing earnings at an average annual rate of 24.1%, while the Banks industry saw earnings growing at 18.1% annually. Revenues have been growing at an average rate of 9.9% per year. Intesa Sanpaolo's return on equity is 14%, and it has net margins of 37%.
Key information
24.09%
Earnings growth rate
26.11%
EPS growth rate
| Banks Industry Growth | 21.39% |
| Revenue growth rate | 9.91% |
| Return on equity | 14.00% |
| Net Margin | 36.96% |
| Next Earnings Update | 30 Oct 2026 |
Recent past performance updates
Recent updates
Narrative Update • Aug 01
ISP: Record Earnings And 2026 Guidance Will Test New P/E Framework
Intesa Sanpaolo’s analyst price target is updated from €6.89 to €7.05, supported by recent Street research in which analysts highlight adjusted discount rate assumptions, a slightly different revenue growth outlook, firmer profit margin expectations, and a revised future P/E of 12.89x as key drivers of their valuation work. Analyst Commentary Recent Street research on Intesa Sanpaolo points to a mix of optimism and caution around the updated valuation work, with different firms adjusting price targets and ratings in light of their views on execution and earnings resilience.Narrative Update • Jul 16
ISP: Cloud Overhaul And 2026 Earnings Framework Will Shape Future Upside
Analysts have nudged their price target for Intesa Sanpaolo higher, with a move from about €6.75 to roughly €6.89, supported by updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E, alongside recent Street research including a price target increase to €7.10. Analyst Commentary Recent Street research on Intesa Sanpaolo points to a mix of optimism around valuation and execution, alongside some caution on how the bank will deliver against expectations embedded in updated price targets.Narrative Update • Jun 10
ISP: 2026 Earnings Power Will Depend On Monte Dei Paschi Bid Execution
Analysts have nudged their average price target for Intesa Sanpaolo slightly higher, with recent Street research pointing to a move from about €6.73 to roughly €6.75 as firms fine tune assumptions on fair value, discount rates, growth and future price-to-earnings ratios. Analyst Commentary Recent research on Intesa Sanpaolo shows a mix of optimism and caution, with several firms adjusting price targets and ratings in different directions.Narrative Update • May 26
ISP: 2026 Earnings Power Will Rely On Fees Insurance And Cost Discipline
Analysts have nudged the fair value estimate for Intesa Sanpaolo higher to €6.73 from €6.61, reflecting updated assumptions on discount rates, profitability and future P/E in the wake of recent price target changes. These include JPMorgan lifting its target to €7.10, while Morgan Stanley trims its own to €6.80.Narrative Update • May 03
ISP: 2026 Earnings Power Will Rely On Fees Insurance And Cost Discipline
The analyst fair value estimate for Intesa Sanpaolo has inched higher to about €6.61 per share, a marginal move that reflects modest tweaks to assumptions on discount rate, revenue growth, profit margin, and future P/E after recent price target changes and rating upgrades across the Street. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable lifting price targets into the €6.80 range or higher, which supports the view that recent earnings assumptions and capital return expectations can justify a P/E closer to peers.Narrative Update • Apr 19
ISP: 2026 Fee And Insurance Income Will Support Earnings Power
Analysts have trimmed their fair value estimate for Intesa Sanpaolo slightly, with the implied price target easing by about €0.05 as updated assumptions for discount rate, revenue growth, profit margin and future P/E are incorporated into their models, while recent Street research shows a mix of target cuts and upgrades across major banks. Analyst Commentary Recent Street research on Intesa Sanpaolo shows both upward and downward adjustments to price targets, reflecting different views on how the current valuation lines up with execution and growth expectations.Narrative Update • Apr 04
ISP: Fee And Insurance Strength Will Support Medium Term Earnings Upside
Analysts have nudged the fair value estimate for Intesa Sanpaolo from €6.43 to €6.65, reflecting updated views on revenue growth, profit margins and future P/E expectations after a series of recent price target raises and upgrades from major firms. Analyst Commentary Recent Street research on Intesa Sanpaolo has centered on higher price targets and upgrades, which feed directly into the updated fair value estimate.Narrative Update • Feb 02
ISP: Higher Earnings Multiple And Fair Value View Will Shape Medium Term Upside
Analysts have lifted their fair value estimate for Intesa Sanpaolo to €6.43 from €6.33, citing updated price targets in the €6.80 to €6.90 range, slightly adjusted discount rates, refined revenue growth assumptions, and a modestly higher future P/E multiple. Analyst Commentary Recent Street research has focused on higher price targets for Intesa Sanpaolo, with JPMorgan and other bullish analysts revisiting their assumptions on earnings power and valuation multiples.Narrative Update • Jan 19
ISP: Higher Earnings Multiple Assumptions Will Support Earnings Visibility And Balanced Risk Profile
Analysts have nudged their fair value estimate for Intesa Sanpaolo higher to €6.33 from €6.20, reflecting recent upward price target revisions to €6.80 and €6.90, as well as updated assumptions around discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research has leaned more positive on Intesa Sanpaolo, with higher price targets feeding into the updated fair value estimate of €6.33.Narrative Update • Jan 04
ISP: Incremental Actions Will Sustain Earnings Visibility And Balanced Risk Reward Profile
Analysts have nudged their average price target on Intesa Sanpaolo slightly higher to approximately EUR 6.20, reflecting broadly unchanged assumptions on revenue growth, profit margins, and discount rates, and a view that incremental, controllable actions can sustain the bank's leading profitability without the need for revolutionary change. Analyst Commentary Analyst sentiment on Intesa Sanpaolo remains broadly constructive, with most commentators highlighting the bank's solid earnings profile and scope for steady value creation, even as some trim valuation assumptions at the margin.Narrative Update • Dec 14
ISP: Incremental Actions And Earnings Visibility Will Sustain Balanced Risk And Reward
Analysts have nudged their price target on Intesa Sanpaolo slightly higher, to about EUR 6.18 from EUR 6.17. This reflects a modestly lower discount rate and stable growth and profitability expectations, supported by recent research that highlights room for incremental improvements without requiring major strategic shifts.Narrative Update • Nov 28
ISP: Incremental Improvements And Efficiency Will Sustain Balanced Risk And Opportunity Ahead
Intesa Sanpaolo's analyst price target has increased slightly from €6.16 to €6.17, as analysts cite steady profitability drivers and manageable growth expectations which underpin their outlook. Analyst Commentary Recent research coverage of Intesa Sanpaolo highlights a blend of optimism and caution among analysts covering the stock.Narrative Update • Nov 14
ISP: Incremental Improvements And Efficiency Will Help Maintain Stable Earnings Outlook
Analysts have raised their fair value estimate for Intesa Sanpaolo from €6.08 to €6.16, citing improved revenue growth forecasts and sustained profit margins as key factors supporting a higher price target. Analyst Commentary Recent street research reflects a dynamic range of perspectives on Intesa Sanpaolo's prospects, with price targets and ratings moving in both directions based on evolving views of profitability, growth, and execution capability.Narrative Update • Oct 30
ISP: Measured Upside Expected As Shareholder Returns And Momentum Weigh Against Limited Surprises
Intesa Sanpaolo's analyst fair value target has risen modestly from €5.95 to €6.08. This reflects analysts’ confidence in improved revenue growth expectations and sustained profitability drivers.Narrative Update • Oct 16
Digital Transformation, ESG, And European Integration Will Drive Future Opportunity
Intesa Sanpaolo's analyst price target has been modestly increased from €5.88 to €5.95. This reflects analysts' expectations for improved profitability and stronger revenue growth in the near term.Narrative Update • Sep 04
Digital Transformation, ESG, And European Integration Will Drive Future Opportunity
Analysts maintain a positive outlook on Intesa Sanpaolo driven by resilient profitability, strong capital management, and sustained operating performance, resulting in no change to the consensus price target, which remains at €5.88. Analyst Commentary Bullish analysts attribute the price target increases to improved earnings visibility and resilient profitability.
New Narrative • Nov 07
Technological Investment To Boost Bank Efficiency But Macro Uncertainties Loom Large
Intesa Sanpaolo's investment in technology and workforce restructuring aims to enhance efficiency, net margins, and overall earnings.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Intesa Sanpaolo makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 26,131 | 9,659 | 10,306 | 0 |
| 31 Mar 26 | 25,706 | 9,467 | 10,258 | 0 |
| 31 Dec 25 | 25,318 | 9,321 | 10,243 | 0 |
| 30 Sep 25 | 25,100 | 9,087 | 10,231 | 0 |
| 30 Jun 25 | 25,299 | 9,116 | 10,298 | 0 |
| 31 Mar 25 | 25,431 | 8,980 | 10,332 | 0 |
| 31 Dec 24 | 25,376 | 8,666 | 10,674 | 0 |
| 30 Sep 24 | 24,973 | 8,769 | 10,456 | 0 |
| 30 Jun 24 | 24,704 | 8,268 | 10,905 | 0 |
| 31 Mar 24 | 23,771 | 8,069 | 10,810 | 0 |
| 31 Dec 23 | 23,157 | 7,724 | 10,754 | 0 |
| 30 Sep 23 | 22,295 | 7,198 | 11,821 | 0 |
| 30 Jun 23 | 20,566 | 6,255 | 11,557 | 0 |
| 31 Mar 23 | 19,213 | 5,292 | 11,663 | 0 |
| 31 Dec 22 | 18,004 | 4,379 | 11,654 | 0 |
| 30 Sep 22 | 17,303 | 3,482 | 11,665 | 0 |
| 30 Jun 22 | 17,417 | 3,508 | 11,793 | 0 |
| 31 Mar 22 | 17,342 | 3,712 | 11,968 | 0 |
| 31 Dec 21 | 18,117 | 4,185 | 12,146 | 0 |
| 30 Sep 21 | 17,826 | 907 | 12,160 | 0 |
| 30 Jun 21 | 17,071 | 3,734 | 12,060 | 0 |
| 31 Mar 21 | 15,654 | 2,527 | 11,594 | 0 |
| 31 Dec 20 | 14,314 | 2,141 | 11,037 | 0 |
| 30 Sep 20 | 14,890 | 6,094 | 10,437 | 0 |
| 30 Jun 20 | 14,976 | 3,312 | 10,035 | 0 |
| 31 Mar 20 | 16,030 | 4,212 | 10,094 | 0 |
| 31 Dec 19 | 15,827 | 4,118 | 10,099 | 0 |
| 30 Sep 19 | 15,484 | 4,254 | 10,116 | 0 |
| 30 Jun 19 | 15,210 | 4,059 | 10,094 | 0 |
| 31 Mar 19 | 14,956 | 3,787 | 10,144 | 0 |
| 31 Dec 18 | 15,440 | 4,002 | 10,199 | 0 |
| 30 Sep 18 | 15,264 | 4,440 | 10,314 | 0 |
| 30 Jun 18 | 14,763 | 4,257 | 10,340 | 0 |
| 31 Mar 18 | 14,680 | 7,666 | 10,136 | 0 |
| 31 Dec 17 | 13,655 | 7,316 | 9,879 | 0 |
| 30 Sep 17 | 13,345 | 5,798 | 9,875 | 0 |
| 30 Jun 17 | 13,321 | 5,761 | 9,644 | 0 |
| 31 Mar 17 | 13,136 | 2,232 | 9,640 | 0 |
| 31 Dec 16 | 13,304 | 2,124 | 9,639 | 0 |
| 30 Sep 16 | 13,426 | 2,212 | 9,908 | 0 |
| 30 Jun 16 | 13,385 | 2,306 | 9,742 | 0 |
| 31 Mar 16 | 13,663 | 2,408 | 9,704 | 0 |
| 31 Dec 15 | 14,241 | 2,679 | 9,690 | 0 |
| 30 Sep 15 | 14,165 | 2,729 | 9,217 | 0 |
Quality Earnings: ISP has high quality earnings.
Growing Profit Margin: ISP's current net profit margins (37%) are higher than last year (36%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ISP's earnings have grown significantly by 24.1% per year over the past 5 years.
Accelerating Growth: ISP's earnings growth over the past year (6%) is below its 5-year average (24.1% per year).
Earnings vs Industry: ISP earnings growth over the past year (6%) exceeded the Banks industry 3.9%.
Return on Equity
High ROE: ISP's Return on Equity (14%) 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 | 2026/08/24 17:58 |
| End of Day Share Price | 2026/08/24 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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
Intesa Sanpaolo S.p.A. is covered by 37 analysts. 14 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 |
|---|---|
| Irene Rossetto | Banca Akros S.p.A. (ESN) |
| Javier Esteban Lario | Banco de Sabadell. S.A. |
| Juan Lopez Cobo | Banco Santander |