Banco Santander revenue and financials
Secondary listing. The primary listing is Banco Santander · BME (EUR)
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In the fiscal year ended December 2025, Banco Santander reported revenue of €46.84B (−2.04% year over year). Net income was €14.1B, a net margin of 30.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −2.04%
- 2025 vs 2024
- Net income growth
- +12.14%
- 2025 vs 2024
- Net margin
- 30.1%
- 2024: 26.3%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -14,835 | -24,155 | 5,015 | 27,706 | 56,691 | 66,153 | 3,389 | 3,416 | 40,188 | 21,823 |
| Depreciation and amortization | 3,178 | 3,179 | 3,086 | 2,985 | 2,756 | 2,810 | 3,001 | 2,425 | 2,593 | 2,364 |
| Capital expenditure | -5,854 | -8,494 | -11,446 | -9,066 | -10,015 | -7,386 | -12,766 | -10,726 | -7,450 | -6,572 |
| Investing cash flow | 534 | -3,712 | -5,366 | -3,898 | -3,715 | — | — | 3,148 | -4,008 | — |
| Financing cash flow | -14,203 | -5,510 | -2,058 | -9,964 | -1,322 | — | — | — | — | -5,745 |
| Dividends paid | -3,341 | -3,017 | -2,261 | -1,848 | -1,313 | 0.0 | -3,773 | -3,118 | -2,665 | -2,309 |
| Share repurchases | -4,081 | -4,789 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Debt issued | 2,287 | 7,001 | 7,007 | 119 | — | — | — | — | — | — |
| Debt repaid | -8,822 | -4,096 | -2,931 | -2,291 | — | — | — | — | — | — |
| Effect of exchange rates | -8,908 | 5,243 | -322 | -1,460 | 5,196 | — | 1,366 | — | -5,845 | — |
| Net change in cash | -37,412 | -28,134 | -2,731 | 12,384 | 56,850 | — | — | 2,668 | 34,541 | — |
| Free cash flow | -20,689 | -32,649 | -6,431 | 18,640 | 46,676 | — | — | — | — | — |