ASX 200 financial shares had a ripper year in FY25.

In fact, financials were the top performer of the 11 market sectors.

The S&P/ASX 200 Financials Index (ASX: XFJ) rose by 24.45% in FY25 and delivered total returns including dividends of 29.39%.

Pretty impressive.

Of course, there's no doubt that the rocketing Commonwealth Bank of Australia (ASX: CBA) share price helped the sector soar in FY25.

But there were other strong performers among the ASX 200 financial shares, too.

Here, we look at three of them.

How did these popular ASX 200 financial shares perform in FY25?

Let's compare the performance of Zip Co Ltd (ASX: ZIP), AMP Ltd (ASX: AMP), and Insurance Australia Group Ltd (ASX: IAG) shares.

The Zip share price soared by 110% from its closing value of $1.46 on the last trading day of FY24 to $3.07 at the close on 30 June.

The AMP share price lifted by 14.5% from $1.10 per share on 28 June 2024 to $1.26 per share on 30 June.

The IAG share price rose by 26.5% from $7.14 per share on 28 June 2024 to close out the 2025 financial year at $9.03.

Which ASX 200 financial share delivered the best share price growth?

Zip shares — by a mile!

What about dividends?

Zip shares do not pay dividends, so the buy now, pay later company is out of the running on this one.

General insurance provider IAG paid a final dividend of 17 cents per share with 50% franking in September 2024.

It then paid an interim dividend of 12 cents per share with 60% franking in March 2025.

So, investors in the ASX 200 financial share received 29 cents per share in annual dividends, plus partial franking.

Financial services provider AMP paid an interim dividend of 2 cents per share in September.

It then paid a final dividend of 1 cent per share in April. Both dividends carried 20% franking.

That's a total of 3 cents per share in annual dividends, plus partial franking.

Now, let's see how this compares on a trailing dividend yield basis.

Using the closing 30 June share prices to calculate the annual trailing dividend yields:

IAG shares have a 3.2% trailing dividend.

AMP shares have a 2.4% trailing dividend.

Which ASX 200 financial share delivered the best income?

IAG shares.