Barclays posts 12% jump in Q3 pretax profit, announces £500 million buyback
BCS•Barclays' third-quarter pretax profit rose 12% year over year to £2.3 billion, while income increased 3% to £7.4 billion. The bank announced a £500 million share buyback, taking year-to-date distributions to £2.8 billion.
1. Quarterly results
Barclays reported third-quarter pretax profit of £2.3 billion, up 12% year over year, and income of £7.4 billion, up 3%. Its CET1 ratio was 14.20% and return on tangible equity was 11.70%. The bank announced a £500 million share buyback, bringing year-to-date distributions to £2.8 billion.
2. 2026 outlook
Barclays expects 2026 group return on tangible equity to exceed 12% and total income to be about £31.5 billion. It targets a cost-income ratio in the high 50s and costs of about £18.5 billion. The company said UK business loan growth, strong equities performance and cost-efficiency savings contributed to its results.
