Sumitomo Mitsui Financial Group Inc
NYSE: SMFG · FINANCIAL SERVICES · BANKS - DIVERSIFIED
Updated 2026-06-05
Sumitomo Mitsui Financial Group Inc (SMFG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.80T | $3.10T | $2.43T | $2.67T | $3.57T | $3.68T | $3.83T | $3.24T | $4.20T | $4.18T | $3.35T | $4.79T | $4.38T | $4.27T | $3.57T | $3.80T | $5.78T | $8.77T | $9.66T | $10.82T |
| Revenue growth (YoY) | — | +10.7% | -21.8% | +10.2% | +33.4% | +3.0% | +4.2% | -15.4% | +29.7% | -0.6% | -19.8% | +43.0% | -8.6% | -2.3% | -16.5% | +6.6% | +52.0% | +51.6% | +10.2% | +12.1% |
| Cost of revenue | $7.09B | $11.50B | $14.65B | $7.41B | $900.92B | $1.06T | $1.11T | $179.45B | $140.87B | $177.76B | $-848.34B | $218.96B | $211.22B | $1.35T | $878.32B | $654.41B | $2.27T | $4.61T | $4.93T | $4.95T |
| Gross profit | $2.80T | $3.10T | $2.43T | $2.67T | $2.67T | $2.62T | $2.72T | $3.06T | $4.06T | $4.00T | $4.20T | $4.57T | $4.38T | $2.92T | $2.69T | $3.15T | $3.51T | $4.16T | $4.72T | $5.87T |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 74.7% | 71.3% | 70.9% | 94.5% | 96.6% | 95.7% | 125.3% | 95.4% | 100.0% | 68.4% | 75.4% | 82.8% | 60.7% | 47.4% | 48.9% | 54.3% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $1.56T | $1.77T | $1.06T | $911.52B | $1.39T | $1.47T | $1.23T | $1.57T | $1.66T | $1.82T | $1.75T | $1.96T | $1.84T | $1.59T | $1.59T | $1.65T | $1.79T | $2.28T | $2.40T | $2.65T |
| Operating income | $1.56T | $1.78T | $710.08B | $1.36T | $1.12T | $1.12T | $1.18T | $1.50T | $1.58T | $1.32T | $1.43T | $1.78T | $890.83B | $888.65B | $672.24B | $929.59B | $1.10T | $1.34T | $1.70T | $2.39T |
| Operating margin | 55.6% | 57.5% | 29.3% | 51.0% | 31.5% | 30.5% | 30.7% | 46.3% | 37.7% | 31.5% | 42.7% | 37.2% | 20.4% | 20.8% | 18.8% | 24.4% | 19.0% | 15.3% | 17.6% | 22.1% |
| EBITDA | $1.34T | $1.48T | $13.44B | $713.59B | $1.13T | $1.27T | $1.41T | $1.65T | $1.56T | $1.43T | $1.28T | $1.42T | $1.42T | $1.12T | $899.42B | $1.17T | $1.37T | $1.64T | $1.98T | $2.70T |
| EBITDA margin | 47.9% | 47.7% | 0.6% | 26.7% | 31.6% | 34.4% | 36.9% | 51.0% | 37.1% | 34.2% | 38.3% | 29.6% | 32.4% | 26.1% | 25.2% | 30.8% | 23.6% | 18.7% | 20.5% | 24.9% |
| EBIT | $925.33B | $983.16B | $-117.97B | $572.88B | $950.57B | $1.09T | $1.20T | $1.43T | $1.31T | $1.16T | $979.30B | $1.11T | $1.12T | $888.65B | $672.24B | $929.59B | $1.10T | $1.34T | $1.70T | $2.39T |
| Interest expense | $810.47B | $935.07B | $748.89B | $346.81B | $294.95B | $290.22B | $314.87B | $320.51B | $386.75B | $445.38B | $502.34B | $775.55B | $1.16T | $1.18T | $517.82B | $380.00B | $2.06T | $4.33T | $4.59T | $4.78T |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $441.35B | $461.54B | $-373.46B | $528.69B | $475.89B | $518.54B | $794.06B | $766.37B | $753.61B | $646.69B | $635.80B | $734.37B | $726.68B | $703.88B | $512.81B | $706.63B | $805.84B | $962.95B | $1.18T | $1.68T |
| Net income growth (YoY) | — | +4.6% | -180.9% | +241.6% | -10.0% | +9.0% | +53.1% | -3.5% | -1.7% | -14.2% | -1.7% | +15.5% | -1.0% | -3.1% | -27.1% | +37.8% | +14.0% | +19.5% | +22.3% | +42.5% |
| Profit margin | 15.7% | 14.9% | -15.4% | 19.8% | 13.3% | 14.1% | 20.7% | 23.7% | 17.9% | 15.5% | 19.0% | 15.3% | 16.6% | 16.5% | 14.4% | 18.6% | 13.9% | 11.0% | 12.2% | 15.5% |
Frequently asked questions
What is Sumitomo Mitsui Financial Group Inc's revenue?
Sumitomo Mitsui Financial Group Inc's trailing twelve-month revenue is $6.06T, and consensus projects about $6.62T by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is SMFG?
In its most recent fiscal year, SMFG ran a gross margin of 54.26%, an operating margin of 22.06%, and a net margin of 15.51%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does SMFG generate?
SMFG produced $7.34T in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is SMFG's balance sheet healthy?
SMFG holds $74.05T in cash and equivalents against $25.51T in long-term debt, on $15.85T of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.