Banco Santander, S.A. (SAN) — Financial statements
Income statement, balance sheet, and cash flow for Banco Santander, S.A. — annual and quarterly history with growth and margin analysis.
| Metric (EUR Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 119,894↓7.7% | 129,909↑6.6% | 121,869↑40.0% | 87,027↑41.5% | 61,499 | |
| Cost of Revenue | 71,879↓8.7% | 78,711↑5.1% | 74,903↑71.5% | 43,667↑113.2% | 20,481 | |
| Gross Profit | 48,015↓6.2% | 51,198↑9.0% | 46,966↑8.3% | 43,360↑5.7% | 41,018 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 21,533↓0.5% | 21,644↑2.7% | 21,068↑6.4% | 19,800↑12.6% | 17,591 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 540↓10.4% | 603↑7.9% | 559↑9.6% | 510 | |
| SG&A Expenses | 21,533↓2.9% | 22,184↑2.4% | 21,671↑6.4% | 20,359↑12.5% | 18,101 | |
| Other Expenses | 7,801↓21.9% | 9,987↑13.0% | 8,836↑14.0% | 7,751↓7.4% | 8,370 | |
| Operating Expenses | 29,334↓8.8% | 32,171↑5.5% | 30,507↑8.5% | 28,110↑6.2% | 26,471 | |
| Total Costs & Expenses | 101,213↓8.7% | 110,882↑5.2% | 105,410↑46.9% | 71,777↑52.9% | 46,952 | |
| Operating Results | ||||||
| Operating Income | 18,681↓1.8% | 19,027↑15.6% | 16,459↑7.9% | 15,250↑4.8% | 14,547 | |
| Depreciation & Amortization | 3,178↓3.5% | 3,294↑3.5% | 3,184↑6.7% | 2,985↑8.3% | 2,756 | |
| EBITDA | 21,859↓2.1% | 22,321↑13.6% | 19,643↑7.7% | 18,235↑5.4% | 17,303 | |
| EBIT | 18,681↓1.8% | 19,027↑15.6% | 16,459↑7.9% | 15,250↑4.8% | 14,547 | |
| Interest & Other Income | ||||||
| Net Interest Income | 42,348↓9.3% | 46,668↑7.9% | 43,261↑12.0% | 38,619↑15.7% | 33,370 | |
| Interest Income | 101,710↓9.8% | 112,735↑7.1% | 105,252↑47.3% | 71,430↑53.7% | 46,463 | |
| Interest Expense | 59,362↓10.1% | 66,067↑6.6% | 61,991↑88.9% | 32,811↑150.6% | 13,093 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 18,681↓1.8% | 19,027↑15.6% | 16,459↑7.9% | 15,250↑4.8% | 14,547 | |
| Income Tax Expense | 4,723↓10.6% | 5,283↑23.6% | 4,276↓4.7% | 4,486↓8.3% | 4,894 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 13,958↑1.6% | 13,744↑12.8% | 12,183↑13.2% | 10,764↑11.5% | 9,653 | |
| Net Income from Discontinued Operations | 1,542 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 14,101↑12.1% | 12,574↑13.5% | 11,076↑15.3% | 9,605↑18.2% | 8,124 | |
| Bottom-Line Net Income | 14,101↑18.0% | 11,954↑12.9% | 10,584↑16.6% | 9,076↑20.1% | 7,558 | |
| EPS (Basic) | 0.88↑14.3% | 0.77↑18.5% | 0.65↑20.4% | 0.54↑22.7% | 0.44 | |
| EPS (Diluted) | 0.87↑13.0% | 0.77↑18.5% | 0.65↑20.4% | 0.54↑22.7% | 0.44 | |
| Weighted Average Shares | 15,496↓0.0% | 15,498↓4.2% | 16,172↓4.0% | 16,848↓2.5% | 17,272 | |
| Weighted Average Diluted Shares | 15,927↑2.3% | 15,568↓4.2% | 16,247↓3.9% | 16,904↓2.4% | 17,321 | |
* All figures in Millions of EUR, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.