ICICI Bank (ICICIBANK) | Financial Analysis & Statements
ICICI Bank Ltd. Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2026Income Metrics
Revenue
625.7B
Net Income
156.8B
25.06%
EPS (Diluted)
₹20.36
Balance Sheet Metrics
Total Assets
29.1T
Total Liabilities
25.3T
Shareholders Equity
3.8T
Debt to Equity
6.68
Cash Flow Metrics
Operating Cash Flow
879.8M
Free Cash Flow
4.3B
Revenue & Profitability Trend
Quarter Income Flow
Mar 31, 2026
Annual Income Flow
2026
ICICI Bank Income Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 2.2T | 1.8T | 1.6T | 1.3T | 1.2T |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 1.1T | 327.5B | 370.3B | 301.9B | 258.7B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 1.1T | 327.5B | 370.3B | 301.9B | 258.7B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 773.2B | 730.0B | 615.1B | 472.5B | 265.4B |
| Income Tax | 193.8B | 184.3B | 154.3B | 117.9B | 84.6B |
| Effective Tax Rate % | 25.1% | 25.3% | 25.1% | 25.0% | 31.9% |
| Net Income | 579.4B | 545.7B | 460.8B | 354.6B | 265.4B |
| Net Margin % | 26.0% | 30.0% | 28.6% | 26.4% | 22.8% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | ₹75.89 | ₹72.41 | ₹63.19 | ₹48.86 | ₹36.21 |
| EPS (Diluted) | ₹74.77 | ₹71.14 | ₹61.96 | ₹47.84 | ₹35.44 |
| Basic Shares Outstanding | 7142930557 | 7047258666 | 7003943116 | 6966305957 | 6934576084 |
| Diluted Shares Outstanding | 7142930557 | 7047258666 | 7003943116 | 6966305957 | 6934576084 |
Income Statement Trend
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ICICI Bank Balance Sheet From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 2.6T | 2.4T | 1.9T | 1.6T | 2.1T |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | - | 238.4B | 208.6B | 151.1B | 108.4B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | 312.1B | 269.9B | 223.2B | 211.0B |
| Goodwill | 211.0B | 169.2B | 49.5B | 2.0B | 2.0B |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 29.1T | 26.4T | 23.6T | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | - | 42.2B | 39.0B | 33.4B | 27.5B |
| Short-term Debt | - | 226.2B | 173.0B | 98.0B | 90.4B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.2T | 1.8T | 1.8T | 1.7T | 1.5T |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 25.3T | 23.1T | 20.9T | - | - |
| Equity | |||||
| Common Stock | 14.3B | 14.2B | 14.0B | 14.0B | 13.9B |
| Retained Earnings | - | 1.2T | - | - | - |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 3.8T | 3.3T | 2.7T | 2.2T | 1.9T |
| Key Metrics | |||||
| Total Debt | 2.2T | 2.0T | 2.0T | 1.8T | 1.6T |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
ICICI Bank Cash Flow Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 735.9B | 694.6B | 596.8B | 458.3B | 335.7B |
| Depreciation & Amortization | 31.2B | 26.9B | 20.0B | 16.4B | 14.7B |
| Stock-Based Compensation | 9.7B | 7.9B | 7.0B | 5.2B | 2.7B |
| Working Capital Changes | 2.3T | 2.3T | 2.8T | 1.1T | 1.5T |
| Operating Cash Flow | 3.1T | 3.1T | 3.5T | 1.7T | 2.0T |
| Investing Activities | |||||
| Capital Expenditures | -35.5B | -47.1B | -36.1B | -21.8B | -17.4B |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -35.5B | -47.1B | -36.1B | -21.8B | -17.4B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -78.5B | -70.4B | -56.0B | -34.8B | -13.9B |
| Debt Issuance | 481.8B | 404.5B | 392.0B | 417.4B | 357.0B |
| Debt Repayment | -501.5B | -399.3B | -391.5B | -268.9B | -346.0B |
| Financing Cash Flow | -46.6B | 55.9B | 137.6B | 247.9B | 174.5B |
| Free Cash Flow | 636.0B | 1.2T | 1.5T | -62.4B | 562.5B |
| Net Change in Cash | 3.0T | 3.1T | 3.6T | 1.9T | 2.1T |
Cash Flow Trend
ICICI Bank Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
18.28
Forward P/E
15.07
Price to Book
2.70
Price to Sales
4.51
PEG Ratio
-4.64
Profitability Ratios
Profit Margin
24.93%
Operating Margin
33.29%
Return on Equity
16.36%
Return on Assets
2.09%
Financial Health
Debt to Equity
0.60
Beta
0.29
Per Share Data
EPS (TTM)
₹74.83
Book Value per Share
₹506.99
Revenue per Share
₹304.43
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ICICIBANK | 9.7T | 18.28 | 2.70 | 16.36% | 24.93% | 0.60 |
| HDFC Bank Limited | 12.1T | 17.85 | 2.18 | 13.82% | 26.83% | 1.04 |
| State Bank of India | 10.2T | 12.01 | 1.72 | 15.36% | 22.50% | 1.12 |
| Axis Bank | 4.3T | 16.36 | 2.07 | 13.63% | 34.17% | 1.26 |
| Kotak Mahindra Bank | 3.7T | 19.92 | 2.23 | 14.05% | 24.56% | 0.53 |
| Bank of Baroda | 1.4T | 7.51 | 0.89 | 12.81% | 29.96% | 0.86 |
Financial data is updated regularly. All figures are in the company's reporting currency.





