Crédit Agricole S.A. earnings
MyStockButler's October 2026 analysis: Crédit Agricole S.A. reported third-quarter 2026 revenue of €7.09 billion and profit to shareholders of €1.99 billion. The next release should show whether credit losses, deposit pricing, used-car values and IKB integration change the path for Crédit Agricole S.A.
What has Crédit Agricole S.A. guided for 2028?
ACT 2028 targets net income above €8.5 billion, revenue growth above 3.5% annually through 2028, a cost/income ratio below 55% and ROTE above 14%. Management previously promised more than €6 billion of 2025 net income and ROTE above 12%. It delivered €7.07 billion and 13.5%.
| Period covered | Target | Date given | |
|---|---|---|---|
| Net income Group share | 2028 | Exceeding EUR8.5 billion in 2028. | Nov 18, 2025 |
| Average revenue growth | 2024–2028 | Exceeding 3.5% per year between 2024 and 2028. | Nov 18, 2025 |
| Cost/income ratio | 2028 | Below 55% in 2028. | Nov 18, 2025 |
| Return on Tangible Equity (RoTE) | 2028 | Above 14% in 2028. | Nov 18, 2025 |
| Additional investment capacity | 2028 | Approximately EUR1.8 billion in additional investment capacity by 2028. | Nov 18, 2025 |
Did Crédit Agricole S.A. keep its 2025 promises?
The company made a useful promise-and-result test. In 2022, management promised more than €6 billion of 2025 net income attributable to shareholders and a return on tangible equity above 12%. It reported €7.074 billion and 13.5% for 2025, so those headline commitments were met.
What has Crédit Agricole S.A. reported in the last eight periods?
In the third quarter of 2026, revenue was €7.09 billion and profit to shareholders was €1.99 billion. A €205 million gain from the listing of SBI Funds Management lifted the result. Asset gathering and corporate banking helped, while mobility weakened. The credit charge rose to €585 million from €489 million a year earlier. French mortgage production fell 4% year-on-year, and used-car prices fell 4.9% in September 2026.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,092 | 7,363 | 6,994 | 6,966 | 6,850 | 7,006 | 7,256 | 7,092 |
| Profit to shareholders | 1,991 | 2,051 | 1,676 | 1,025 | 1,836 | 2,390 | 1,824 | 1,689 |
| EPS, diluted | 0.62 | 0.63 | 0.52 | 0.30 | 0.58 | 0.74 | 0.56 | 0.52 |
| CET1 capital ratio | 11.2% | 11.3% | 11.4% | 11.8% | 11.7% | 11.9% | 12.1% | 11.7% |
What this means. The figures under each date are for that quarter, not the whole year, even though some row descriptions say “year’s.”
What should you watch in Crédit Agricole S.A.'s next release?
Credit losses, deposit pricing, used-car values and IKB integration decide the path. Full-year 2026 results arrive on 4 February 2027, and IKB is expected to close by the end of the second quarter of 2027.