MARKETS / NYSE / SAN
NYSE · COMMERCIAL BANKS, NEC · LARGE CAP

Banco Santander, S.a. SAN

11 fiscal years on record · EUR · FY2025 reported
SEC FILINGS ONLY
EPS · FY25
€0.90
Dividend / sh · FY25
Payout · FY25
24%
ROE · FY25
Net margin · FY25
Dividend coverage
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Result
Revenue, FY2025 · full 11-year series below
Revenue Net income
2040608014.120152018202120242025
2040608014.12016201920222025

Per share
EUR 0.90
Diluted EPS, FY2025
EPS
0.40.81.20.9020152018202120242025
0.40.81.20.902016201920222025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
246820152018202120242025
24682016201920222025
Operating margin
Net margin
Return on assets0.8%

Returned to shareholders
EUR 7.4B
returned in FY2025 · dividends + net buybacks
Dividends paidEUR 3.3B
Net buybacksEUR 4.1B
Share of profit52.6%
Consecutive raises

EUR 3.3B in dividends and EUR 4.1B in buybacks — 53% of the year's profit went back to shareholders.

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Net income
+13.7%
+9.0%
EPS, diluted
+18.8%
+8.6%
Returned to shareholders
+24.0%
+17.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
14.69B
Shares outstanding, FY2025
14.4314.6920152018202120242025
14.5814.692016201920222025
Change, 5 years−15.3%
Change, 10 years+1.8%

The share count shrank 15% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
EUR 1.87T
total assets, end of FY2025
Total assetsEUR 1.87T
CashEUR 152.3B

History
11 fiscal years
Every figure from documents filed with the SEC · EUR
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue €B
·
·
·
·
·
·
·
·
74.2
74.2
71.9
Operating income €B
·
·
·
·
25.0
23.1
25.9
25.6
25.4
23.1
·
EBITDA €B
·
·
·
·
27.7
26.0
28.9
28.1
28.0
25.5
·
Income tax €B
4.7
4.8
3.9
4.5
4.9
5.6
4.4
4.9
3.9
3.3
2.2
Net income €B
14.1
12.6
11.1
9.6
8.1
−8.8
6.5
7.8
6.6
6.2
6.0
EPS, diluted €
0.90
0.77
0.65
0.54
0.44
−0.54
0.35
0.43
0.40
0.40
0.40
Dividend / sh €
·
·
·
·
·
·
·
·
·
·
·
Payout %
24
24
20
19
16
−0
58
40
40
37
25
ROE %
·
·
·
·
·
−7.2
5.4
6.7
6.0
5.9
·
Shares out B
14.69
15.15
16.18
16.79
17.34
17.34
16.62
16.24
16.14
14.58
14.43

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
22 of 22
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed