| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 58 | 9.6x | 17.8x | Around median | |
Growth | 81 | — | 7.1% | Top tier | |
Quality | 54 | — | — | Around median | |
Safety | 8 | — | — | Bottom tier | |
Capital Return | 36 | 0.45% | 2.12% | Bottom tier | |
Momentum | 81 | 40.3% | 2.9% | Top tier | |
Sentiment | 33 | 2 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Barclays PLC is a diversified banking group that generates income from retail and corporate banking in the United Kingdom, wealth management and investment, investment banking, and digital consumer credit in the United States. Income drivers include net interest income from loans, deposits, and the structural hedge; markets and financing income; advisory and capital markets fees; and credit cards and consumer loans. In the United States, the bank operates a fully digital platform serving more than 25 million customers without branches and added direct lending capabilities through the Best Egg acquisition completed in May 2026.
In fiscal year 2025, revenue reached $11.1 billion, compared with $10.7 billion in fiscal year 2024, representing growth of approximately 3.7%, while net income rose from $6.4 billion to $7.2 billion, or about 12.5%. Earnings per share increased from 0.348 in fiscal year 2024 to 0.423 in fiscal year 2025. This continues the revenue growth trajectory from $9.5 billion in fiscal year 2022 to $10.0 billion in fiscal year 2023 and then $10.7 billion in fiscal year 2024.
In fiscal year 2026 quarter 2, group income rose 16% year over year to £8.3 billion, profit before tax increased by more than 30% to £3.3 billion, and earnings per share rose 43% to 16.7 pence. Return on tangible equity reached 16.1%, and the cost-to-income ratio improved to 54% from 59%, with a CET1 capital ratio of 14.3%. By business mix, Barclays U.K. delivered a tangible return of 20.4% and income growth of 7%, the U.K. Corporate Bank recorded a return of 21.3% and income growth of 8%, Investment Banking generated a return of 16%, while the U.S. Consumer Bank delivered a return of 10.5% excluding the gain from the sale of the American Airlines portfolio.
The analyst consensus is “Buy,” with an average target of $20 and both the highest and lowest targets at $20, making the consensus extremely narrow and unrepresentative of a range of valuation estimates. This target is only $0.71 above the 52-week range low of $19.29 and approximately 30% below the high of $28.69; therefore, the consensus signal appears more conservative than the verbal “Buy” rating, particularly after the downgrade to “Hold” on August 3, 2026, due to cost concerns.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Group income reached £8.3 billion, up 16% year over year, and profit before tax increased by more than 30% to £3.3 billion. Earnings per share rose 43% to 16.7 pence, and return on tangible equity reached 16.1%. The cost-to-income ratio improved from 59% to 54%, while the CET1 ratio stood at 14.3%.
Management raised its fiscal year 2026 group income target to approximately £31.5 billion, compared with an original target of approximately £30 billion. It expects group net interest income, excluding the Investment Bank and Head Office, to exceed £13.7 billion in fiscal year 2026. It also targets return on tangible equity of more than 12% in fiscal year 2026 and more than 14% in fiscal year 2028, with a cost-to-income ratio in the low-50s by fiscal year 2028.
The Investment Bank delivered a return on tangible equity of 16% in fiscal year 2026 quarter 2, up 3.8 percentage points year over year. Markets income rose 17% in dollar terms, equities income jumped 44%, while investment banking fees grew 30%. Advisory fees also increased 51%, and equity capital markets income rose 91%, with equities now accounting for 32% of the unit's income, compared with 22% in fiscal year 2023.
Automated analysis for informational purposes only — not investment advice.
Barclays completed the acquisition of Best Egg in May 2026, adding approximately £11 billion of managed balances and direct-to-consumer lending capabilities. The business has incurred Best Egg costs of approximately $45 million per month since the beginning of May 2026, while the unit's net interest margin reached 13.2% in fiscal year 2026 quarter 2. The bank also announced a partnership to offer card products within Samsung Wallet, but management did not disclose its expected financial contribution because it is starting from a zero base.
On July 28, 2026, the bank announced a £1 billion share buyback program and an £800 million interim dividend, bringing distributions for the first half of fiscal year 2026 to £2.3 billion. Distributions announced since fiscal year 2024 reached approximately £9 billion, with a target of more than £10 billion by the end of fiscal year 2026. Fiscal year 2026 quarter 2 ended with a CET1 ratio of 14.3%, a liquidity coverage ratio of 158%, and a net stable funding ratio of 136%.
The risks are concentrated in rising costs, pressure on U.K. deposit margins, and weak pricing for loans originated for sale in the U.S. Consumer Bank. Management plans up to £500 million of structural cost actions in the second half of fiscal year 2026, while U.S. Consumer income may not fully recover to the quarter 1 level during fiscal year 2026. The bank also expects risk-weighted assets to increase by £19–26 billion in fiscal year 2027, and the stock was downgraded to “Hold” on August 3, 2026, due to cost concerns.
