SAN
Banco Santander·NYSE
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SAN fundamentals
During Q4 2025, Banco Santander (SAN) reported revenue of 17.80B, a YoY change of 13.70%. Net income was 4.87B, a YoY change of 31.96%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
Q4,2017 | Q4,2018 | Q4,2019 | Q1,2021 | Q2,2021 | Q3,2021 | Q4,2021 | Q1,2022 | Q2,2022 | Q3,2022 | Q4,2022 | Q1,2023 | Q2,2023 | Q3,2023 | Q4,2023 | Q1,2024 | Q2,2024 | Q3,2024 | Q4,2024 | Q1,2025 | Q2,2025 | Q3,2025 | Q4,2025 | TTM |
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Start Date | Oct 1, 2017 | Oct 1, 2018 | Oct 1, 2019 | Jan 1, 2021 | Apr 1, 2021 | Jul 1, 2021 | Oct 1, 2021 | Jan 1, 2022 | Apr 1, 2022 | Jul 1, 2022 | Oct 1, 2022 | Jan 1, 2023 | Apr 1, 2023 | Jul 1, 2023 | Oct 1, 2023 | Jan 1, 2024 | Apr 1, 2024 | Jul 1, 2024 | Oct 1, 2024 | Jan 1, 2025 | Apr 1, 2025 | Jul 1, 2025 | Oct 1, 2025 | -- |
End Date | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Mar 31, 2021 | Jun 30, 2021 | Sep 30, 2021 | Dec 31, 2021 | Mar 31, 2022 | Jun 30, 2022 | Sep 30, 2022 | Dec 31, 2022 | Mar 31, 2023 | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | -- |
Fiscal Year-End | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | -- |
Operating Income | 14.46B -- | 14.37B -0.61% | 13.84B -3.68% | 13.38B -- | 14.49B -- | 12.74B -- | 13.33B -- | 13.65B +2.05% | 13.90B -4.05% | 12.73B -0.12% | 14.47B +8.53% | 15.14B +10.89% | 15.38B +10.65% | 15.73B +23.60% | 12.59B -12.98% | 16.24B +7.26% | 14.98B -2.60% | 15.85B +0.79% | 15.65B +24.33% | 16.77B +3.32% | 16.06B +7.18% | 16.81B +6.04% | 17.80B +13.70% | 67.44B -- |
Net Interest Income | -- -- | -- -- | 9.93B -- | 9.34B -- | 9.76B -- | 9.79B -- | 10.45B -- | 9.82B +5.14% | 10.00B +2.45% | 9.83B +0.42% | 11.39B +9.04% | 11.30B +15.06% | 11.49B +14.90% | 12.38B +25.86% | 9.52B -16.43% | 13.03B +15.29% | 11.21B -2.42% | 11.79B -4.74% | 11.77B +23.67% | 12.38B -5.01% | 12.02B +7.22% | 12.25B +3.88% | 12.85B +9.11% | 49.49B -- |
Interest Income | -- -- | -- -- | -- -- | 12.63B -- | 13.25B -- | 13.54B -- | 15.11B -- | 15.50B +22.74% | 17.69B +33.55% | 19.03B +40.52% | 23.11B +52.97% | 25.97B +67.57% | 28.43B +60.71% | 30.37B +59.61% | 26.21B +13.43% | 31.66B +21.89% | 28.05B -1.34% | 29.75B -2.02% | 28.47B +8.62% | 29.14B -7.95% | 29.21B +4.15% | 29.43B -1.11% | 29.97B +5.29% | 117.75B -- |
Interest Expense | -- -- | -- -- | -- -- | 3.28B -- | 3.48B -- | 3.75B -- | 4.66B -- | 5.68B +72.82% | 7.69B +120.69% | 9.19B +145.26% | 11.72B +151.41% | 14.67B +158.44% | 16.94B +120.31% | 17.99B +95.71% | 16.69B +42.45% | 18.63B +26.97% | 16.83B -0.61% | 17.97B -0.16% | 16.70B +0.03% | 16.76B -10.01% | 17.19B +2.10% | 17.18B -4.38% | 17.13B +2.60% | 68.26B -- |
Non-Interest Income | -- -- | -- -- | 3.91B -- | 4.03B -- | 4.73B -- | 2.95B -- | 8.91B -- | 3.83B -5.10% | 3.90B -17.46% | 2.89B -1.93% | 9.69B +8.76% | 3.83B +0.17% | 3.89B -0.25% | 8.41B +190.61% | 4.78B -50.62% | 5.28B +37.71% | 5.18B +33.12% | 5.49B -34.67% | 5.44B +13.72% | 6.09B +15.43% | 5.56B +7.39% | 6.29B +14.48% | 6.68B +22.85% | 24.63B -- |
Gain (Loss) on Trading Securities | -- -- | -- -- | -- -- | 1.44B -- | -1.03B -- | 443.40M -- | 1.57B -- | 2.05B +42.20% | -1.19B -16.15% | 439.26M -0.93% | 1.12B -28.82% | 857.80M -58.07% | -546.00M +54.29% | 820.26M +86.74% | 1.68B +50.99% | 1.03B +20.39% | 198.15M +136.29% | 312.06M -61.96% | 1.04B -38.25% | 866.92M -16.05% | 135.35M -31.69% | 623.13M +99.68% | 593.84M -42.91% | 2.22B -- |
Gain (Loss) on Foreign Currency Exchange | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -636.07M -- | -- -- | -- -- | -- -- | -579.83M +8.84% | -- -- | -- -- | 957.85M -- | -1.03B -76.85% | -360.42M -- | 131.75M -- | 259.68M -72.89% | -246.35M +75.98% | -134.95M +62.56% | 281.30M +113.52% | 105.61M -59.33% | 238.24M +196.71% | 490.21M -- |
Fees and Commissions Income | -- -- | -- -- | 3.32B -- | 2.99B -- | 3.11B -- | 3.06B -- | 6.79B -- | 3.12B +4.25% | 3.18B +2.49% | 2.95B -3.53% | 7.49B +10.24% | 3.31B +6.06% | 3.34B +4.99% | 6.71B +127.64% | 3.54B -52.77% | 4.74B +43.19% | 4.25B +27.29% | 4.57B -31.88% | 4.52B +27.88% | 4.88B +2.99% | 4.75B +11.63% | 4.97B +8.71% | 5.40B +19.30% | 19.99B -- |
Other Non-Interest Income | -- -- | -- -- | 589.42M -- | -398.09M -- | 2.65B -- | -551.07M -- | 1.18B -- | -1.34B -236.06% | 1.91B -27.79% | -496.00M +9.99% | 1.66B +40.61% | -332.68M +75.13% | 1.10B -42.71% | -85.73M +82.72% | 587.39M -64.64% | -130.57M +60.75% | 597.67M -45.49% | 346.61M +504.30% | 123.18M -79.03% | 482.58M +469.59% | 399.00M -33.24% | 586.75M +69.28% | 455.36M +269.68% | 1.92B -- |
Loan Impairment Loss | -- -- | -- -- | 1.10B -- | 1.13B -- | 629.13M -- | 597.37M -- | -2.27B -- | 504.73M -55.18% | 502.51M -20.13% | 361.97M -39.41% | -1.40B +38.51% | 697.98M +38.29% | 751.30M +49.51% | -1.41B -488.89% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Income after Deducting Loan Impairment Loss | -- -- | -- -- | 12.74B -- | 12.25B -- | 13.86B -- | 12.14B -- | 21.62B -- | 13.15B +7.32% | 13.40B -3.32% | 12.36B +1.81% | 22.47B +3.93% | 14.44B +9.83% | 14.63B +9.19% | 22.19B +79.48% | 14.30B -36.36% | 18.31B +26.82% | 16.40B +12.05% | 17.28B -22.12% | 17.21B +20.34% | 18.47B +0.88% | 17.59B +7.27% | 18.53B +7.25% | 19.53B +13.46% | 74.12B -- |
Operating Expenses | -- -- | -- -- | 8.44B -- | 8.61B -- | 9.34B -- | 7.74B -- | 17.77B -- | 8.52B -1.02% | 9.48B +1.47% | 8.60B +11.09% | 19.49B +9.65% | 10.27B +20.59% | 9.98B +5.29% | 17.97B +108.96% | 11.71B -39.90% | 13.50B +31.40% | 12.14B +21.60% | 12.59B -29.94% | 13.05B +11.41% | 13.05B -3.29% | 13.17B +8.49% | 13.24B +5.17% | 13.97B +7.04% | 53.44B -- |
Fees and Commissions Expenses | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 3.75B -- | -- -- | -- -- | -- -- | 4.36B +16.42% | -- -- | -- -- | 3.41B -- | 1.02B -76.57% | 1.24B -- | 1.12B -- | 1.20B -64.90% | 1.23B +19.90% | 1.24B +0.05% | 1.25B +11.14% | 1.27B +5.59% | 1.32B +7.44% | 5.07B -- |
Selling, General and Administrative Expenses | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 24.24B -- | -- -- | -- -- | -- -- | 25.57B +5.50% | -- -- | -- -- | 20.07B -- | 6.27B -75.47% | 7.06B -- | 6.36B -- | 6.82B -66.03% | 6.78B +8.06% | 7.01B -0.84% | 6.91B +8.76% | 7.06B +3.54% | 7.43B +9.62% | 28.41B -- |
Impairment Loss on Other Assets | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 8.64B -- | -- -- | -- -- | -- -- | 11.88B +37.39% | -- -- | -- -- | 10.17B -- | 3.24B -72.72% | 3.52B -- | 3.54B -- | 3.35B -67.09% | 3.31B +2.04% | 3.52B -0.11% | 4.02B +13.62% | 3.39B +1.33% | 3.80B +14.91% | 14.72B -- |
Other Operating Expenses | -- -- | -- -- | 8.44B -- | 8.61B -- | 9.34B -- | 7.74B -- | -18.85B -- | 8.52B -1.02% | 9.48B +1.47% | 8.60B +11.09% | -22.32B -18.38% | 10.27B +20.59% | 9.98B +5.29% | -15.68B -282.25% | 1.18B +105.28% | 1.67B -83.74% | 1.12B -88.76% | 1.23B +107.85% | 1.74B +47.64% | 1.29B -22.83% | 989.86M -11.82% | 1.53B +24.27% | 1.42B -18.23% | 5.23B -- |
Operating Profit | -- -- | -- -- | 4.30B -- | 3.64B -- | 4.52B -- | 4.40B -- | 3.85B -- | 4.63B +27.02% | 3.92B -13.22% | 3.76B -14.52% | 2.98B -22.50% | 4.17B -9.96% | 4.65B +18.63% | 4.22B +12.10% | 2.59B -13.22% | 4.81B +15.52% | 4.26B -8.48% | 4.69B +11.19% | 4.16B +60.78% | 5.42B +12.59% | 4.42B +3.80% | 5.29B +12.83% | 5.56B +33.58% | 20.68B -- |
Non-Operating Income (Loss) | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 488.94M -- | -- -- | -- -- | -- -- | 751.00M +53.60% | -- -- | -- -- | 488.98M -- | 142.70M -81.00% | 132.73M -- | 179.94M -- | 210.64M -56.92% | 214.27M +50.15% | 181.37M +36.65% | 193.03M +7.27% | 173.68M -17.55% | 217.12M +1.33% | 765.19M -- |
Profit (Loss) from Equity Investments | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 488.94M -- | -- -- | -- -- | -- -- | 751.00M +53.60% | -- -- | -- -- | 488.98M -- | 142.70M -81.00% | 132.73M -- | 179.94M -- | 210.64M -56.92% | 214.27M +50.15% | 181.37M +36.65% | 193.03M +7.27% | 173.68M -17.55% | 217.12M +1.33% | 765.19M -- |
Income Before Income Taxes | 2.30B -- | 3.40B +47.76% | 4.30B +26.37% | 3.64B -- | 4.52B -- | 4.40B -- | 4.34B -- | 4.63B +27.02% | 3.92B -13.22% | 3.76B -14.52% | 3.73B -13.92% | 4.17B -9.96% | 4.65B +18.63% | 4.71B +25.09% | 2.73B -26.86% | 4.95B +18.71% | 4.44B -4.61% | 4.90B +4.12% | 4.37B +60.23% | 5.60B +13.23% | 4.61B +3.94% | 5.46B +11.52% | 5.77B +32.00% | 21.45B -- |
Income Tax Expense | 465.25M -- | 954.28M +105.11% | 771.29M -19.18% | 1.34B -- | 1.58B -- | 1.45B -- | 1.32B -- | 1.44B +7.61% | 1.12B -28.83% | 1.14B -21.37% | 1.01B -23.35% | 1.05B -27.21% | 1.43B +27.86% | 1.35B +18.13% | 362.83M -64.22% | 1.58B +50.68% | 1.33B -7.51% | 1.35B +0.41% | 957.47M +163.89% | 1.56B -1.45% | 1.08B -18.32% | 1.40B +3.64% | 1.36B +42.55% | 5.41B -- |
Current Income Tax | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 4.30B -- | -- -- | -- -- | -- -- | 4.57B +6.29% | -- -- | -- -- | -- -- | 6.16B +34.77% | -- -- | -- -- | -- -- | 5.03B -18.41% | -- -- | -- -- | -- -- | 6.65B +32.32% | -- -- |
Deferred Income Tax | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 1.24B -- | -- -- | -- -- | -- -- | 228.94M -81.53% | -- -- | -- -- | -- -- | -1.43B -724.28% | -- -- | -- -- | -- -- | 443.02M +131.00% | -- -- | -- -- | -- -- | -627.88M -241.73% | -- -- |
Income Tax Adjustments | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -438.06M -- | -- -- | -- -- | -- -- | -454.41M -3.73% | -- -- | -- -- | -- -- | -478.83M -5.37% | -- -- |
Net Income from Discontinued Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | 0 -- | 1.17B -- | 0 -- | 615.88M -- | 450.26M -- | 271.20M -76.83% | 0 -- | 854.50M +38.74% | 499.91M +11.03% | 457.70M +68.77% | 1.81B -- |
Net Income | 1.84B -- | 2.45B +33.25% | 3.53B +44.11% | 2.30B -- | 2.94B -- | 2.95B -- | 3.01B -- | 3.18B +38.35% | 2.80B -4.84% | 2.62B -11.16% | 2.72B -9.77% | 3.11B -2.13% | 3.21B +14.93% | 3.36B +28.11% | 3.54B +30.14% | 3.36B +7.92% | 3.72B +15.84% | 4.00B +18.99% | 3.69B +4.25% | 4.04B +20.15% | 4.38B +17.63% | 4.56B +14.12% | 4.87B +31.96% | 17.85B -- |
Net Income Attributable to Minority Interests | -- -- | -- -- | 405.29M -- | 412.18M -- | 490.51M -- | 436.45M -- | 438.01M -- | 361.63M -12.26% | 336.05M -31.49% | 254.36M -41.72% | 269.59M -38.45% | 319.64M -11.61% | 299.21M -10.96% | 290.00M +14.01% | 293.14M +8.74% | 283.80M -11.21% | 289.20M -3.35% | 377.82M +30.28% | 308.46M +5.23% | 365.98M +28.96% | 342.51M +18.43% | 452.97M +19.89% | 449.49M +45.72% | 1.61B -- |
Net Income Attributable to Owners of the Company | -- -- | -- -- | 3.12B -- | 1.89B -- | 2.45B -- | 2.52B -- | 2.57B -- | 2.82B +49.39% | 2.46B +0.50% | 2.37B -5.86% | 2.45B -4.90% | 2.80B -0.91% | 2.92B +18.46% | 3.07B +29.63% | 3.24B +32.49% | 3.08B +10.10% | 3.44B +17.81% | 3.62B +17.93% | 3.38B +4.16% | 3.67B +19.34% | 4.04B +17.56% | 4.11B +13.52% | 4.42B +30.71% | 16.24B -- |
Net Income Attributable to Common Stockholders | -- -- | -- -- | 3.12B -- | 1.89B -- | 2.45B -- | 2.52B -- | 2.57B -- | 2.82B +49.39% | 2.46B +0.50% | 2.37B -5.86% | 2.45B -4.90% | 2.80B -0.91% | 2.92B +18.46% | 3.07B +29.63% | 3.24B +32.49% | 3.08B +10.10% | 3.44B +17.81% | 3.62B +17.93% | 3.38B +4.16% | 3.67B +19.34% | 4.04B +17.56% | 4.11B +13.52% | 4.42B +30.71% | 16.24B -- |
Other Comprehensive Income | -8.80B -- | -2.18B +75.28% | -- -- | -- -- | 1.12B -- | -1.10B -- | -249.00M -- | -- -- | -- -- | 543.93M +149.67% | -3.44B -1281.74% | -- -- | -- -- | 1.16B +113.46% | -534.29M +84.47% | 106.83M -- | -2.67B -- | 2.67B +129.70% | -2.42B -353.14% | 259.10M +142.54% | -1.90B +28.83% | 1.61B -39.54% | -2.18B +9.94% | -2.21B -- |
Total Comprehensive Income | 1.07B -- | 8.50B +696.71% | -- -- | -- -- | 6.38B -- | -6.24B -- | 10.68B -- | -- -- | 5.80B -9.10% | 3.17B +150.80% | -722.12M -106.76% | -- -- | 6.34B +9.35% | 4.52B +42.77% | 3.00B +515.91% | 3.47B -- | 1.06B -83.37% | -4.68B -203.48% | 11.81B +293.07% | 4.30B +23.92% | 2.48B +135.17% | -7.15B -52.69% | 16.01B +35.62% | 15.64B -- |
Total Comprehensive Income Attributable to Minority Interests | -- -- | -- -- | -- -- | -- -- | 886.23M -- | -865.96M -- | 1.42B -- | -- -- | -- -- | 1.03B +219.30% | 378.71M -73.34% | -- -- | -- -- | 1.06B +2.76% | 440.27M +16.25% | 48.56M -- | 187.44M -- | 400.11M -62.31% | 134.56M -69.44% | 486.90M +902.69% | 173.02M -7.69% | 434.19M +8.52% | 568.02M +322.12% | 1.66B -- |
Total Comprehensive Income Attributable to Owners of the Company | -- -- | -- -- | -- -- | -- -- | 5.50B -- | -5.37B -- | 9.26B -- | -- -- | 5.80B +5.56% | 2.13B +139.76% | -1.10B -111.89% | -- -- | 6.34B +9.35% | 3.46B +62.13% | 2.56B +332.83% | 3.42B -- | 867.59M -86.32% | 2.90B -16.18% | 4.26B +66.14% | 3.81B +11.44% | 2.31B +166.04% | 3.50B +20.67% | 4.36B +2.41% | 13.98B -- |
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