Barclays H126 RoTE 14.8%, EPS 30.7p; Q226 RoTE 16.1%, EPS 16.7p
Barclays PLC reported strong financial results for the first half and second quarter of 2026, exceeding prior year performance across key metrics. The Group achieved an H126 RoTE of 14.8% and EPS of 30.7p, while Q226 saw a RoTE of 16.1% and EPS of 16.7p. Income targets for 2026 were raised to approximately £31.5bn, reflecting robust performance across its divisions, including a 20% increase in Investment Bank income and a 38% increase in US Consumer Bank income, partly due to the sale of the American Airlines co-branded credit cards portfolio and the Best Egg acquisition. The company also announced significant capital distributions, including a £1.0bn share buyback and a 5.9p per share dividend for H126, while maintaining a strong CET1 ratio of 14.3%.
Key Highlights
- H126 Group Return on Tangible Equity (RoTE) was 14.8% (H125: 13.2%).
- Q226 Group RoTE was 16.1% (Q225: 12.3%).
- H126 Basic Earnings Per Share (EPS) was 30.7p (H125: 24.7p).
- Q226 Basic EPS was 16.7p (Q225: 11.7p).
- 2026 Group income target increased to c.£31.5bn from c.£31bn.
- Announced a share buyback of up to £1.0bn for Q226 and a dividend of 5.9p per share for H126.
- Q226 Group income increased 16% year-on-year to £8.3bn.
- Q226 Profit before tax increased 31% year-on-year to £3.3bn.
- Common Equity Tier 1 (CET1) ratio remained strong at 14.3%.
Price Impact
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