Barclays earnings date
Barclays (BCY) Q3 2026 Earnings Report
DE:BCY Q3 2026 EPS Results
- Actual EPS
- EUR 0.15
- Consensus EPS
- EUR 0.14
- Beat/Miss
- Beat by +EUR 0.00
- One Year Ago EPS
- EUR 0.12
DE:BCY Q3 2026 Revenue Results
- Actual Revenue
- EUR 8.83B
- Expected Revenue
- EUR 9.13B
- Beat/Miss
- Missed by -EUR 305.91M
- YoY Revenue Growth
- +2.76%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/22/2026
- Time
- Before Open
- Conference Call
- Thursday, October 22, 2026
Barclays's next earnings date is estimated for February 9, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive. Barclays reported strong profit, EPS, RoTE, capital generation, shareholder distributions, U.K. franchise growth, equities performance, and progress on technology-enabled efficiency. Management reiterated its major financial targets and expressed confidence in the plan. The main challenges were weaker FICC intermediation, Q3 income below expectations, higher restructuring and investment costs, U.S. Consumer Bank pricing and cost headwinds, deposit competition, and expected higher Q4 credit charges. These concerns were acknowledged but did not outweigh the breadth of reported operational and financial progress.
Barclays expects circa GBP 31.5 billion of group income in 2026, implying full year growth of circa 8% versus the more than 5% CAGR target to 2028, with 7% year-on-year group NII growth in Q3, circa GBP 18.5 billion of 2026 costs and a high 50s cost-income ratio; it expects greater than 12% group RoTE in 2026, circa 12% Investment Bank RoTE and circa 12% US Consumer Bank RoTE excluding the AA gain on sale, full year loan loss rates of circa 550 basis points, Barclays UK loan losses to normalize towards circa 30 basis points in Q4, and Barclays UK full year NII around the middle of the GBP 8.1 billion-GBP 8.3 billion range. For 2027, run the bank costs are expected to be flat or lower versus 2026, statutory costs are expected to fall to circa GBP 18.4 billion, planned additional investment is GBP 0.4 billion, gross efficiency savings are expected to exceed GBP 1.1 billion, with an expected reduction of circa 5,000 full-time employees, and Barclays UK expects a high 40s cost-to-income ratio; for 2028, the group expects modest cost growth, positive operating jaws, a low 50s cost-income ratio, a greater than 5% revenue CAGR from 2025 to 2028 and RoTE greater than 14%, while Barclays UK expects costs below the 2025 level and a mid-40s cost-to-income ratio. Capital is expected to operate around the top of the 13%-14% CET1 ratio range, Basel 3.1 is expected to increase RWAs by GBP 8 billion-GBP 15 billion, equivalent to 30-55 basis points of CET1, and capital generation is expected to exceed 230 basis points in 2028.
- Q3 Profit and Return GrowthGroup income was GBP 7.4 billion, up 3% year-on-year. Profit before tax increased 12% to GBP 2.3 billion, while RoTE was 11.7% in Q3 and 13.8% year-to-date. Barclays remains confident of achieving its group RoTE target of greater than 12% for 2026, having achieved 12.4% over the last 12 months.
- Strong Shareholder Distributions and EPS GrowthBarclays announced a GBP 500 million share buyback, bringing year-to-date distributions to GBP 2.8 billion, up 47% from the same period last year. Q3 earnings per share increased 18% year-on-year, and the bank remains on track for a third consecutive year of 20% EPS growth. Since 2023, GBP 5.8 billion of buybacks have reduced the share count by 12%, while TNAV and dividends have grown 32%.
- Stable Income and Net Interest Income MomentumStable income streams now cover 125% of group costs, compared with around 100% before 2024, after growing for six consecutive years. Group NII increased 7% year-on-year in Q3, and Barclays remains confident of delivering its 2026 NII target. Average swap rates of 4.2% year-to-date exceeded the 3.5% planning assumption, supporting additional future structural hedge income, which is expected to grow until at least 2030.
- Deposit and Lending GrowthTotal U.K. deposits increased 3% year-on-year, Barclays UK retail deposits grew 3%, and U.K. corporate deposits increased 4% to GBP 220 billion. Total U.K. lending grew 7%, mortgages increased 7%, and corporate and business banking lending rose 13% excluding the run-off portfolio. Barclays has deployed GBP 28 billion of U.K. business growth RWAs toward its circa GBP 30 billion three-year target.
- U.K. Retail Franchise ImprovementsTesco Bank now accounts for 20% of card acquisitions, while Kensington Mortgage balances have more than tripled since acquisition. Mortgage application times were reduced from 45 minutes to less than 15 minutes, improving broker NPS from -51 to +70. Barclays' market share increased 30 basis points since 2023 to 10.4%, while Premier mass affluent customers grew 27% and related deposits increased 23% since the end of 2023.
- Strong U.K. Business Segment ReturnsAll three U.K. businesses reported Q3 RoTE above 20%. Barclays UK delivered 21.2% RoTE, with income up 4% and NII up 6% year-on-year to GBP 2.1 billion. UK Corporate Bank reported 23.5% RoTE, with income and costs both up 10%, NII up 14%, lending up 14%, and a 38% loan-to-deposit ratio. Private Bank and Wealth Management delivered 23.8% RoTE, with client assets and liabilities up 6%, AUM up 10%, and GBP 2.5 billion of net new AUM year-to-date.
- Investment Bank Strategic ProgressInvestment Bank income to average RWAs increased 130 basis points since 2023 to 6.8% over the last 12 months, while RWAs remained broadly stable. Barclays ranked in the top five with 66 of its top 100 market clients, up from 30 in 2021. Finance income increased by about GBP 1 billion since 2023, and 98 of the top 100 markets clients now have a financing relationship with Barclays.
- Equities and Financing GrowthMarkets income in U.S. dollar terms increased 4% year-on-year. Equities revenue rose 47% and represented half of Q3 markets income, with equity derivatives particularly strong. Prime financing supported 8% year-on-year financing growth. Equities accounted for 45% of year-to-date markets revenue, compared with 32% in 2023, with equity derivatives and prime contributing about 90% of the growth.
- Investment Banking Pipeline and Fee GrowthInvestment Banking fees increased 2% year-on-year. Strong advisory and ECM activity offset lower DCM fees, while M&A and ECM pipelines remained strong. The bank said the areas in which it has invested, including equities, M&A, and ECM, performed well relative to the U.S. peer group.
- U.S. Consumer Bank Franchise ExpansionThe U.S. Consumer Bank has 23 million customers. Organic partnership-card balances grew 6% over the past year, including approximately 20% growth in General Motors balances since August 2025. Digital consumer deposit balances increased 53% since 2023 to $26.6 billion, representing 84% of total funding. Best Egg added consumer lending capabilities with approximately $7 billion of annual originations.
- Capital Generation and Regulatory FlexibilityBarclays reported a robust CET1 ratio of 14.2% and expects to generate around 200 basis points of capital in 2026 and more than 230 basis points in 2028. Greater clarity on Pillar 2A is expected to reduce the MDA by 59 basis points, more than offsetting the 30-55 basis-point CET1 impact expected from the GBP 8 billion-GBP 15 billion Basel 3.1 RWA increase. Management said this provides greater capital flexibility.
- Cost Efficiency and Technology ProgramBarclays expects more than GBP 1.1 billion of gross efficiency savings in 2027, compared with around GBP 0.7 billion annually over the past two years. Run-the-bank costs are expected to be flat or lower in 2027, statutory costs are expected to fall to circa GBP 18.4 billion, and the group remains confident of progressing toward a low-50s cost-income ratio in 2028. Customer-facing technology reduced call-center volumes by 10% over the past year, while employees per branch declined by around 10%.
- Tesco Integration SynergiesFollowing the successful integration of Tesco Bank, circa GBP 0.2 billion of cost synergies are flowing through, with the majority split broadly evenly between 2027 and 2028.
- Digital Transformation and AI InvestmentBarclays plans to standardize data, modernize infrastructure, harmonize processes, and employ AI at scale. Around 45% of corporate banking clients use iPortal exclusively, with usage expected to reach 100% by the end of 2026. Management said technology opportunities continue to indicate further efficiency improvements.
- Robust Credit PerformanceConsumer and corporate balance sheets were described as robust, with borrowers behaving rationally and a group year-to-date loan loss rate of 55 basis points. Barclays UK reported a 20-basis-point loan loss rate, while U.S. Consumer Bank 90-day delinquencies fell further. Management described impairments as well-behaved and flat despite the American Airlines portfolio exit.
DE:BCY Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 09, 2027 | 2026 (Q4) | 0.11- | 0.1 | ― | ― |
| Oct 22, 2026 | 2026 (Q3) | 0.140.15 | 0.12 | 18.27% (+0.02) | |
| Jul 28, 2026 | 2026 (Q2) | 0.180.20 | 0.14 | 42.74% (+0.06) | |
| Apr 28, 2026 | 2026 (Q1) | 0.170.17 | 0.16 | 8.46% (+0.01) | |
| Feb 10, 2026 | 2025 (Q4) | 0.090.10 | 0.08 | 28.36% (+0.02) | |
| Oct 22, 2025 | 2025 (Q3) | 0.120.12 | 0.13 | -2.80% (-0.00) | |
| Jul 29, 2025 | 2025 (Q2) | 0.130.14 | 0.1 | 40.96% (+0.04) | |
| Apr 30, 2025 | 2025 (Q1) | 0.140.16 | 0.12 | 26.21% (+0.03) | |
| Feb 13, 2025 | 2024 (Q4) | 0.060.08 | -0.01 | 1057.14% (+0.09) | |
| Oct 24, 2024 | 2024 (Q3) | 0.100.13 | 0.1 | 28.92% (+0.03) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
