Banco Santander, S.A.

BME:SAN Stock Report

Market Cap: €130.3b

Banco Santander Past Earnings Performance

Past criteria checks 4/6

Banco Santander has been growing earnings at an average annual rate of 36.7%, while the Banks industry saw earnings growing at 27.8% annually. Revenues have been growing at an average rate of 8.9% per year. Banco Santander's return on equity is 13.4%, and it has net margins of 25.3%.

Key information

36.70%

Earnings growth rate

39.27%

EPS growth rate

Banks Industry Growth20.45%
Revenue growth rate8.89%
Return on equity13.41%
Net Margin25.26%
Next Earnings Update04 Feb 2026

Recent past performance updates

Recent updates

Banco Santander's (BME:SAN) Upcoming Dividend Will Be Larger Than Last Year's

Oct 18
Banco Santander's (BME:SAN) Upcoming Dividend Will Be Larger Than Last Year's

Banco Santander (BME:SAN) Is Paying Out A Larger Dividend Than Last Year

Oct 03
Banco Santander (BME:SAN) Is Paying Out A Larger Dividend Than Last Year

Here's Why We Think Banco Santander (BME:SAN) Is Well Worth Watching

Jun 25
Here's Why We Think Banco Santander (BME:SAN) Is Well Worth Watching

Banco Santander (BME:SAN) Has Announced That It Will Be Increasing Its Dividend To €0.0891

Mar 15
Banco Santander (BME:SAN) Has Announced That It Will Be Increasing Its Dividend To €0.0891

Banco Santander's (BME:SAN) Upcoming Dividend Will Be Larger Than Last Year's

Mar 01
Banco Santander's (BME:SAN) Upcoming Dividend Will Be Larger Than Last Year's

Banco Santander set to boost capital revenues and RoTE by 2025

Banco Santander is present in Europe (Germany, Austria, Belgium, Denmark, Spain, Finland, Isle of Man, Italy, Norway, Poland, Portugal and the UK); North America (USA, Mexico); South America (Argentin

With EPS Growth And More, Banco Santander (BME:SAN) Makes An Interesting Case

Dec 25
With EPS Growth And More, Banco Santander (BME:SAN) Makes An Interesting Case
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Santander's Global Expansion And Innovation Set To Drive Impressive Revenue Growth And Efficiency Gains

Strategic expansions in digital onboarding and cross-border operations enhance revenue growth and fee income globally.

Revenue & Expenses Breakdown

How Banco Santander makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BME:SAN Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2550,67412,79925,2570
30 Jun 2550,15812,57625,3470
31 Mar 2550,73412,50825,4200
31 Dec 2450,79711,95425,4780
30 Sep 2446,60810,68224,4940
30 Jun 2447,56610,74724,8860
31 Mar 2447,69910,70125,4060
31 Dec 2345,77610,58424,8550
30 Sep 2344,1429,54525,1370
30 Jun 2342,9189,48624,3730
31 Mar 2341,7189,10423,9460
31 Dec 2241,9479,07623,3440
30 Sep 2241,1209,02522,6410
30 Jun 2240,4428,75621,8990
31 Mar 2239,8868,49321,2730
31 Dec 2139,0077,55820,8570
30 Sep 2136,6985,57420,1910
30 Jun 2135,6055,15719,9990
31 Mar 2133,289-8,04619,9820
31 Dec 2031,840-9,32320,5930
30 Sep 2034,633-6,86018,6240
30 Jun 2036,271-8,08920,6180
31 Mar 2038,9594,55919,7140
31 Dec 1940,9365,92022,7580
30 Sep 1940,1305,64822,2980
30 Jun 1939,3986,69720,8730
31 Mar 1939,3397,01222,2320
31 Dec 1839,3267,25019,7970
30 Sep 1839,4606,76122,2950
30 Jun 1839,8916,27222,4140
31 Mar 1839,6646,37122,4890
31 Dec 1739,4026,22422,4100
30 Sep 1737,9666,31021,9410
30 Jun 1736,5316,56421,4230
31 Mar 1735,7436,10421,0020
31 Dec 1634,4785,87020,6170
30 Sep 1633,6074,31220,6770
30 Jun 1633,8844,31020,7700
31 Mar 1634,4575,59020,9720
31 Dec 1535,1815,69021,1910
30 Sep 1536,6497,14320,9140
30 Jun 1536,0197,14420,6440
31 Mar 1534,3236,05720,2550
31 Dec 1434,7905,71119,7240

Quality Earnings: SAN has high quality earnings.

Growing Profit Margin: SAN's current net profit margins (25.3%) are higher than last year (22.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SAN has become profitable over the past 5 years, growing earnings by 36.7% per year.

Accelerating Growth: SAN's earnings growth over the past year (19.8%) is below its 5-year average (36.7% per year).

Earnings vs Industry: SAN earnings growth over the past year (19.8%) exceeded the Banks industry 18.1%.

Return on Equity

High ROE: SAN's Return on Equity (13.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 07:13
End of Day Share Price 2025/10/31 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Banco Santander, S.A. is covered by 43 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carlos PeixotoBanco BPI, S.A.
Javier Esteban LarioBanco de Sabadell. S.A.
Thomas Andrew RaynerBarclays