Loading…
British bank combining UK consumer/business banking with a large US-UK corporate and investment bank.
British bank combining UK consumer/business banking with a large US-UK corporate and investment bank.
Earns from UK lending and deposits, from US credit cards issued with partner brands, and from fees and trading in its investment bank, so it is part retail utility and part markets business. UK law requires the retail bank to be ring-fenced from the riskier trading arm. It bought Tesco's banking arm in 2024.
In one line: A UK retail bank with a Goldman Sachs-sized investment bank attached.
Moat: narrow (scale, switching costs, regulatory licence). Scale UK deposit franchise plus a bulge-bracket investment bank, competing with better-capitalised US banks in markets.
Headquarters: London, UK · Founded: 1690 · Employees: 93,000
Size Barclays (BARC.L) is a United Kingdom Financials company (Investment Banks/Brokers) with a market value of $75.1B, the 12th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £420.25 on 6 Nov 2026.
Performance Over six months the shares gained 1.3%, against +5.1% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +12.0%); the operating margin is 22.4% (peer median 39.0%).
Valuation It trades at 8.2× forward earnings against a peer median of 19.1× (cheapest of 21).
Credit Barclays has 45 bonds outstanding ($47.8B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 120 bp.
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £30.9B | £54.6B | £55.2B | £51.3B | £36.6B |
| Revenue growth | — | -1% | +8% | +40% | — |
| Net income | £7.03B | £6.17B | £5.32B | £4.27B | £5.02B |
| Free cash flow | n/a | £14.2B | -£8.79B | £9.24B | -£15.8B |
| Capital expenditure | n/a | £1.86B | £1.57B | £1.72B | £1.75B |
| Total debt | £188B | £437B | £406B | £432B | £416B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Barclays BARC.L | $75.1B | +1% | +7% | 22% | 8.2× | n/a |
| HSBC HSBA.L | $301B | -1% | -4% | 30% | 10.3× | n/a |
| Lloyds Banking LLOY.L | $73.7B | +2% | -2% | 27% | 9.5× | n/a |
| NatWest NWG.L | $62.3B | +4% | +3% | 46% | 7.9× | n/a |
| JPMorgan Chase JPM | $889B | +11% | +9% | 42% | 13.4× | n/a |
| Deutsche Bank Aktiengesellschaft DBK.DE | $65.0B | +15% | 0% | 30% | 9.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BARC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.4% | +1.3% | 9th lowest of 21 |
| 6-month return | +1.3% | +5.1% | 8th lowest of 21 |
| Distance from 52-week high | -21.9% | -11.9% | 7th lowest of 21 |
| Revenue growth (TTM) | +6.6% | +12.0% | 8th lowest of 21 |
| Operating margin | 22.4% | 39.0% | 4th lowest of 21 |
| Forward P/E | 8.2× | 19.1× | cheapest of 21 |
| Bond spread | 120 bp | 73 bp | 3rd widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Barclays BARC.L | United Kingdom | $75.1B | +1% | +7% | 22% | 8.2× | n/a | n/a |
| Robinhood Markets HOOD | United States | $72.9B | +5% | +22% | 44% | 29.7× | n/a | n/a |
| Deutsche Bank Aktiengesellschaft DBK.DE | Germany | $65.0B | +15% | 0% | 30% | 9.5× | n/a | n/a |
| Deutsche Boerse DB1.DE | Germany | $63.8B | +32% | +7% | 41% | 24.7× | n/a | n/a |
| Macquarie MQG.AX | Australia | $63.5B | +5% | +5% | 20% | 18.1× | n/a | n/a |
| HKEX 0388.HK | Hong Kong | $62.2B | -10% | +23% | 75% | 24.6× | n/a | n/a |
| Nasdaq NDAQ | United States | $59.4B | +21% | +12% | 31% | 23.4× | n/a | n/a |
| Intercontinental Exchange ICE | United States | $96.3B | +11% | +14% | 47% | 20.1× | n/a | n/a |
| BNY Mellon BNY | United States | $99.4B | +13% | -1% | 37% | 14.7× | n/a | n/a |
| CITIC Securities 600030.SS | China | $56.4B | -6% | -16% | 54% | 10.2× | n/a | n/a |
| CME CME | United States | $109B | +9% | +9% | 66% | 23.6× | n/a | n/a |
| State Street STT | United States | $45.0B | +11% | +2% | 33% | 11.1× | n/a | n/a |
| Interactive Brokers IBKR | United States | $129B | -10% | +16% | 87% | 23.9× | n/a | n/a |
| Cboe Global Markets CBOE | United States | $36.9B | +2% | +14% | 36% | 23.4× | n/a | n/a |
| Charles Schwab SCHW | United States | $158B | +3% | +12% | 52% | 12.2× | n/a | n/a |
| Coinbase COIN | United States | $35.7B | -33% | -48% | -33% | 99.3× | n/a | n/a |
| Tradeweb Markets TW | United States | $29.7B | +17% | +14% | 44% | 27.9× | n/a | n/a |
| Yuanta Financial Holding Co. Lt 2885.TW | Taiwan | $28.1B | +28% | +78% | 28% | 14.2× | n/a | n/a |
| LPL Financial LPLA | United States | $23.0B | -3% | +31% | 13% | 10.5× | n/a | n/a |
| Huatai Securities 601688.SS | China | $22.7B | -7% | -6% | 38% | 8.3× | n/a | n/a |
| Goldman Sachs GS | United States | $250B | -8% | +12% | 40% | 12.0× | n/a | n/a |
Barclays has 45 bonds outstanding with $47.8B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.93%, a spread of 120 bp over government bonds.