Banco Santander, S.a. (SAN) Financial Statements

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Banco Santander financial statements at a glance

Banco Santander reported revenue of 60.02 billion EUR for fiscal year 2025 (ended December 31, 2025), down 6.0% from fiscal year 2024. Net income was 14.72 billion EUR, a net margin of 24.5%, and diluted earnings per share were 0.90 EUR.

At the end of fiscal year 2025 it had total assets of 1.87 trillion EUR, total liabilities of 1.75 trillion EUR and shareholders' equity of 103.17 billion EUR, with cash of 179.30 billion EUR and total debt of 326.21 billion EUR.

Its operations brought in -14.84 billion EUR of cash; capital spending was 7.66 billion EUR, leaving free cash flow of -22.49 billion EUR.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in EUR; latest fiscal year ended December 31, 2025.

SAN logo

Banco Santander, S.a.

SANSpain
Financial Services
EUR (Local)

Income Statement

Annual • EUR

Total Revenue
60.02B
Prev Year: 63.84B
YoY: -6.0%
Net Interest Income
42.35B
Prev Year: 46.67B
YoY: -9.3%
Interest Income
101.71B
Prev Year: 112.73B
YoY: -9.8%
Interest Expense
59.36B
Prev Year: 66.07B
YoY: -10.1%
Non Interest Income
-
Prev Year: 17.17B
Total Premiums Earned
-
Prev Year: 21.00M
Gain on Sale of Securities
885.00M
Prev Year: 1.44B
YoY: -38.7%
Depreciation and amortization
3.18B
Prev Year: 3.29B
YoY: -3.5%
Other General and Administrative
6.75B
Prev Year: 7.21B
YoY: -6.4%
Insurance and Claims
564.00M
Prev Year: 102.00M
YoY: +452.9%
Operating Revenue
60.02B
Provision for Credit Losses
-
Prev Year: -12.64B
Selling General and Administrative
21.47B
Prev Year: 22.18B
YoY: -3.2%
General and Administrative Expense
20.95B
Prev Year: 21.64B
YoY: -3.2%
Salaries and Wages
13.63B
Prev Year: 14.33B
YoY: -4.9%
Selling and Marketing Expense
517.00M
Prev Year: 540.00M
YoY: -4.3%
Other Noninterest Expense
4.86B
Prev Year: 6.76B
YoY: -28.1%
Special Income Charges
20.00M
Prev Year: -641.00M
YoY: +103.1%
Non Interest Expense
-
Prev Year: 32.24B
Restructuring and Mergers Acquisition
-22.00M
Occupancy And Equipment
-
Prev Year: 757.00M
Other Special Charges
-90.00M
Prev Year: -79.00M
YoY: -13.9%
Pre-tax Income
18.68B
Prev Year: 19.03B
YoY: -1.8%
Income from Associates and Other Participating Interests
-
Prev Year: 711.00M
Provision for Income Taxes
4.72B
Prev Year: 5.28B
YoY: -10.6%
Net Income Common Stockholders
14.72B
Prev Year: 11.95B
YoY: +23.2%
Net Income
14.10B
Prev Year: 12.57B
YoY: +12.1%
Net Income Including Non-Controlling Interests
15.50B
Prev Year: 13.74B
YoY: +12.8%
Net Income from Continuing Operations
13.96B
Prev Year: 13.74B
YoY: +1.6%
Preferred Stock Dividends
-622.00M
Prev Year: 620.00M
YoY: -200.3%
Diluted NI Available to Com Stockholders
14.72B
Prev Year: 11.95B
YoY: +23.2%
Basic EPS
0.905
Prev Year: 0.77
YoY: +17.5%
Diluted EPS
0.9
Prev Year: 0.77
YoY: +16.9%
Weighted Average Shares (basic)
14.89B
Prev Year: 16.33B
YoY: -8.8%
Weighted Average Shares (diluted)
14.98B
Prev Year: 16.33B
YoY: -8.3%
Net Income from Continuing and Discontinued Operation
14.10B
Prev Year: 12.57B
YoY: +12.1%
Normalized Income
12.54B
Prev Year: 13.04B
YoY: -3.8%
Reconciled Depreciation
3.18B
Prev Year: 3.29B
YoY: -3.5%
Interest Income After Provision for Loan Loss
-
Prev Year: 34.02B
Net Income from Continuing Operation Net Minority Interest
12.56B
Prev Year: 12.57B
YoY: -0.1%
Total Unusual Items Excluding Goodwill
21.00M
Prev Year: -644.00M
YoY: +103.3%
Total Unusual Items
21.00M
Prev Year: -644.00M
YoY: +103.3%
Total Money Market Investments
-
Tax Rate for Calcs
0.249
Prev Year: 0
Tax Effect of Unusual Items
5.22M
Prev Year: -178.84M
YoY: +102.9%
Noncontrolling Interests
-1.40B
Prev Year: -1.17B
YoY: -19.6%
Net Income from Discontinued Operations
1.54B
Gain on Sale of Business
231.00M
Write-offs
10.00M
Prev Year: 11.00M
YoY: -9.1%
Impairment of Capital Assets
313.00M
Prev Year: 709.00M
YoY: -55.9%
Depreciation Amortization Depletion
3.18B
Prev Year: 3.29B
YoY: -3.5%
Values in EUR

Banco Santander key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue60.0B EUR$63.8B$59.9B$54.2B$48.4B
Net income14.7B EUR$12.0B$10.6B$9.1B$7.6B
Diluted EPS0.90 EUR$0.77$0.65$0.54$0.44
Total assets1.9T EUR$1.8T$1.8T$1.7T$1.6T
Total liabilities1.8T EUR$1.7T$1.7T$1.6T$1.5T
Shareholders' equity103.2B EUR$98.6B$95.4B$89.1B$86.9B
Cash179.3B EUR$217.9B$246.9B$247.2B$234.8B
Total debt326.2B EUR$327.7B$311.0B$283.0B$249.0B
Operating cash flow-14.8B EUR-$24.2B$5.0B$27.7B$56.7B
Capital spending7.7B EUR$10.6B$13.6B$10.8B$11.4B
Free cash flow-22.5B EUR-$34.8B-$8.6B$16.9B$45.3B

In EUR. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Banco Santander's revenue in fiscal year 2025?

60.02 billion EUR, down 6.0% from 63.84 billion EUR in fiscal year 2024.

How much profit does Banco Santander make?

Banco Santander reported net income of 14.72 billion EUR for fiscal year 2025 (24.5% of revenue).

How much cash and debt does Banco Santander have?

At the end of fiscal year 2025: cash of 179.30 billion EUR and total debt of 326.21 billion EUR.

What is Banco Santander's free cash flow?

-22.49 billion EUR in fiscal year 2025 (operating cash flow of -14.84 billion EUR minus capital spending of 7.66 billion EUR).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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