Barclays beats fourth-quarter profit estimates and announces £1bn share buyback

Vicky McKeever · Business reporter

Tue 10 February 2026 at 4:33 pm GMT+9 2 min read

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Barclays (BARC.L) has beaten expectations for profit in the fourth quarter and announced a £1bn share buyback in its latest results.

The bank reported profit before tax of £1.9bn in the fourth quarter, in results released on Tuesday. This was up from £1.7bn reported for the same quarter last year and was ahead of forecasts for £1.72bn, according to consensus estimates provided by Barclays.

For the year, pre-tax profit came in at £9.1bn, up from £8.1bn for 2024 and was also ahead of estimates for £9.01bn.

Barclays’ total income increased £29.14bn for 2025, up from £26.79bn last year and compared to estimates of £28.97bn.

Group net interest income (NII), excluding Barclays investment bank and head office, was £12.8bn for the year, versus expectations for £12.71bn. NII refers to the gap between what the bank pays out to savers and receives from borrowers in interest.

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Return on tangible equity (RoTE) for 2025 was 11.3%, compared to 10.5% for the previous year, with earnings per share of 43.8p, up from 36p for 2024.

The bank made total capital distributions to shareholders of £3.7bn in 2025, which was up 23% on the previous year. That reflected a total dividend of 8.6p and total share buybacks of £2.5bn, including a 5.6p full-year dividend and plans to initiate a further share buyback worth £1bn.

Barclays group CEO C. S. Venkatakrishnan, known as Venkat, said: “Our progress in the past two years provides a strong foundation to deliver more for our customers, clients and shareholders. As we outline in our plan for the next three years, we will invest further to improve customers’ experience and deepen relationships, while harnessing new technology, including AI, to improve efficiency and build segment-leading businesses and drive further growth.”

“Our aim is to secure sustainably higher returns through to 2028 and beyond, delivering Group RoTE [return on tangible equity] of greater than 14% in 2028 and greater than £15bn of capital distributions to shareholders between 2026 and 2028,” he said.

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