Barclays publishes Q3 2026 results call transcript
BCS•Barclays announced a £500 million share buyback, bringing year-to-date shareholder distributions to £2.8 billion, up 46%. It reaffirmed its 2026 income target of about £31.5 billion and expects costs of about £18.4 billion in 2027.
1. Results call details
Barclays held its third-quarter results call on October 22, 2026, featuring CEO C.S. Venkatakrishnan and Group Financial Director Anna Cross. Management announced a £500 million share buyback, bringing year-to-date shareholder distributions to £2.8 billion, up 46%.
2. Targets and cost actions
Management reaffirmed its 2026 income target of about £31.5 billion, implying annual growth of roughly 8%. Statutory costs are expected to fall to about £18.4 billion in 2027 from about £18.5 billion in 2026; structural cost actions involve about 5,000 job cuts, with gross efficiency savings expected to exceed £1.1 billion in 2027.
