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France's largest bank: retail banking, corporate & investment banking, and asset/wealth management across Europe.
France's largest bank: retail banking, corporate & investment banking, and asset/wealth management across Europe.
Earns from interest margins and fees in home retail markets, France, Belgium, Italy and Luxembourg, plus corporate and investment banking fees and trading, and insurance and asset management. It sold Bank of the West in the US to BMO in 2023 and bought AXA's asset manager in 2025 to lean toward fee businesses.
In one line: France's JPMorgan/Bank of America.
Moat: narrow (scale, distribution, switching costs). Largest euro-area balance sheet and deposit base give funding cost and cross-sell advantages.
Headquarters: Paris, France · Founded: 1848 · Employees: 177,990
Size BNP Paribas (BNP.PA) is a France Financials company (Major Banks) with a market value of $114B, the 9th largest of 206 France companies the cockpit tracks. Shares closed at €91.93 on 6 Nov 2026.
Performance Over six months the shares fell 0.1%, against +9.6% for the median peer and -0.4% for the France market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 7.6% over the last twelve months (peer median +2.3%); the operating margin is 16.5% (peer median 38.3%).
Valuation It trades at 0.84× book value against a peer median of 1.77× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 10.4%; BNP Paribas delivers 10.9%, so the price asks less than the business earns today.
Credit BNP Paribas has 38 bonds outstanding ($55.8B), rated A- by the agencies and trading like BBB at a weighted spread of 79 bp.
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €155B | €146B | €154B | €146B | €89.4B |
| Revenue growth | — | -5% | +6% | +63% | — |
| Net income | €12.8B | €11.5B | €10.8B | €10.3B | €9.27B |
| Free cash flow | €14.2B | €12.3B | €11.8B | €4.01B | €21.3B |
| Capital expenditure | €3.02B | €2.88B | €2.14B | €2.22B | €2.53B |
| Total debt | n/a | €823B | €728B | €690B | €623B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| BNP Paribas BNP.PA | $114B | 0% | +8% | 11% | 0.84× | 10.4% |
| Societe Generale GLE.PA | $52.0B | -5% | +9% | 9% | 0.78× | 10.0% |
| Credit Agricole ACA.PA | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% |
| Deutsche Bank Aktiengesellschaft DBK.DE | $65.0B | +15% | 0% | 10% | 0.87× | 8.6% |
| UniCredit UCG.MI | $130B | +6% | +2% | 17% | 1.77× | 25.8% |
| Banco Santander SAN.MC | $174B | +4% | +15% | 13% | 1.40× | 17.1% |
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 | BNP.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | +2.7% | 10th highest of 21 |
| 6-month return | -0.1% | +9.6% | 3rd lowest of 21 |
| Return on equity | 10.9% | 12.9% | 7th lowest of 21 |
| Price / book | 0.84× | 1.77× | 2nd cheapest of 21 |
| Trailing P/E | 8.0× | 12.8× | 3rd cheapest of 20 |
| ROE the price implies | 10.4% | 14.7% | 4th least demanding of 21 |
| ROE delivered | 10.9% | 12.9% | 7th lowest of 21 |
| Bond spread | 79 bp | 66 bp | 4th widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
| Bank of Nova Scotia BNS.TO | Canada | $114B | +21% | -3% | 12% | 1.99× | 16.3% | 11.6% |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
| Capital One COF | United States | $121B | +7% | +26% | 9% | 1.11× | 11.1% | 9.3% |
| Bank of Communications 3328.HK | Hong Kong | $107B | +19% | +3% | 8% | 0.55× | 4.8% | 8.3% |
| HDFC Bank HDFCBANK.NS | India | $129B | -1% | +5% | 14% | 2.00× | 24.8% | 13.9% |
| UniCredit UCG.MI | Italy | $130B | +6% | +2% | 17% | 1.77× | 25.8% | 17.3% |
| Oversea-Chinese Banking O39.SI | Singapore | $97.6B | +23% | -3% | 13% | 2.02× | 14.9% | 13.2% |
| U.S. Bancorp USB | United States | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% | 12.8% |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| PNC Financial Services PNC | United States | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% | 12.9% |
| Westpac Banking WBC.AX | Australia | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% | 9.5% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | United States | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% | 21.7% |
| ANZ ANZ.AX | Australia | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% | 8.3% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
BNP Paribas has 38 bonds outstanding with $55.8B face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 5.20%, a spread of 79 bp over government bonds.