Spanish multinational financial services company and one of the large banks in Europe serving millions of customers globally.
Profile & Fundamentals
Banco Santander: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Banco Santander Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services. The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; corporate and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions. In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, and other real estate activities; and purchase and sale of vehicles. Further, the company offers mobile and online banking services. Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007. The company was incorporated in 1856 and is headquartered in Madrid, Spain.
Company profile record
Banco Santander S.A.
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- Banco Santander S.A.
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇪🇸 Spain
- Head office
- Santander Group City, Madrid, Spain, 28660
Leadership & scale
- Chief executive
- Mr. Hector Blas Grisi Checa
- CEO year born
- 1966
- Full-time employees
- 185.3K
- Fiscal year end
- December
- IPO date
- 1987-07-29
Fundamentals snapshot
- Market Cap
- EUR 183.8B
- P/E
- 11.3x
- Revenue (Q2 26)
- EUR 15.5B
- Profit (Q2 26)
- EUR 3.5B
- Dividend Yield
- 1.9%
- Revenue (FY 25)
- EUR 119.4B
- Shares in public float
- 14.1B
- Insider ownership
- 1.58%
Reporting & identifiers
- Symbol
- SAN.BME
- Listing
- 🇪🇸 Spain | Dividend Tax: 0%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- ES0113900J37
- Asset ID
- equity_908738df-2761-5dd3-a0fa-299f90d5f90d
Ownership
Shares Outstanding
Latest: 14.7B | Max: 24.4B | Min: 14.7B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
95.98%
14.1B latest reported shares
Insider Ownership
1.58%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 18,489,209,000 |
| 2018-01-01 | 17,089,535,000 |
| 2019-01-01 | 17,326,230,000 |
| 2020-01-01 | 17,311,025,000 |
| 2021-01-01 | 17,311,025,000 |
| 2022-01-01 | 24,355,617,000 |
| 2023-01-01 | 15,886,330,400 |
| 2024-01-01 | 16,325,000,000 |
| 2025-01-01 | 14,869,796,000 |
| 2026-01-01 | 14,677,923,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Santander's headline financial results show remarkable strength, with full-year 2025 net income reaching 14.10 billion euros followed by record performance across early 2026. This earnings velocity was powered by wider lending spreads across Europe and healthy transaction banking activity in Latin America. However, headline figures were temporarily flattered by a non-recurring 1.90-billion-euro net capital gain from the sale of Santander Bank Polska. Looking beneath these headline records reveals that underlying earnings power has reached a cyclical plateau. As depositors begin demanding higher interest rates on their savings, the windfall gains from central-bank rate hikes are fading. Future earnings growth will depend on cost control rather than rapid revenue expansion.
Santander's headline financial results show remarkable strength, with full-year 2025 net income reaching 14.10 billion euros followed by record performance across early 2026. This earnings velocity was powered by wider lending spreads across Europe and healthy transaction banking activity in Latin America. However, headline figures were temporarily flattered by a non-recurring 1.90-billion-euro net capital gain from the sale of Santander Bank Polska. Looking beneath these headline records reveals that underlying earnings power has reached a cyclical plateau. As depositors begin demanding higher interest rates on their savings, the windfall gains from central-bank rate hikes are fading. Future earnings growth will depend on cost control rather than rapid revenue expansion.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 119.4B | Max: EUR 125.5B | Min: EUR -32.6B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 11x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have expanded significantly, with return on tangible equity reaching 15.6% and the efficiency ratio improving to 42.8% in the first half of 2026. This performance reflects structural efficiency gains from ONE Transformation alongside favorable loan repricing across Spain and Portugal. Every major division has demonstrated improved operational productivity. However, sustaining this exceptional margin trajectory will prove challenging over the coming years. As competition forces the bank to pay more for customer deposits and loan-loss provisions normalize toward historical averages, profit margins will stabilize. Achieving management's ambitious 20% return target appears unlikely without substantial additional rate hikes.
Profitability margins have expanded significantly, with return on tangible equity reaching 15.6% and the efficiency ratio improving to 42.8% in the first half of 2026. This performance reflects structural efficiency gains from ONE Transformation alongside favorable loan repricing across Spain and Portugal. Every major division has demonstrated improved operational productivity. However, sustaining this exceptional margin trajectory will prove challenging over the coming years. As competition forces the bank to pay more for customer deposits and loan-loss provisions normalize toward historical averages, profit margins will stabilize. Achieving management's ambitious 20% return target appears unlikely without substantial additional rate hikes.
Profitability Margins
Latest: 39.8% | Max: >100.0% | Min: -14.5%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
39.8%
Gross profit / revenue
Operating Margin
15.6%
Operating income / revenue
Net Margin
11.8%
Net income / revenue
FCF Margin
65.1%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 48,437,760,000 | 6,576,240,000 | 14,291,980,000 |
| 2017-12-31 | 59,022,810,000 | 7,876,610,000 | 37,128,000,000 |
| 2018-12-31 | 56,642,040,000 | 8,903,400,000 | -10,008,060,000 |
| 2019-12-31 | 58,600,640,000 | 7,296,800,000 | -12,044,480,000 |
| 2020-12-31 | 73,814,880,000 | -10,700,620,000 | 70,312,260,000 |
| 2021-12-31 | 44,467,980,000 | 9,261,360,000 | 51,628,320,000 |
| 2022-12-31 | 93,118,890,000 | 10,277,350,000 | 18,046,620,000 |
| 2023-12-31 | 129,556,900,000 | 12,183,600,000 | 73,610,900,000 |
| 2024-12-31 | 130,551,200,000 | 13,076,960,000 | -33,954,960,000 |
| 2025-12-31 | 139,680,450,000 | 16,498,170,000 | 90,882,090,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 10.62 | Trailing four quarters |
| 2024-12-31 | 5.79 | Trailing four quarters |
| 2023-12-31 | 5.42 | Trailing four quarters |
| 2022-12-31 | 7.1 | Annual net income |
| 2021-12-31 | 6.26 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 75.45 | 73.43 | 13.58 | 29.51 |
| 2017-12-31 | 79.44 | 65.02 | 13.35 | 62.9 |
| 2018-12-31 | 100.06 | 65.77 | 15.72 | -17.67 |
| 2019-12-31 | 78.24 | 34.74 | 12.45 | -20.55 |
| 2020-12-31 | 56.85 | 13.84 | -14.5 | 95.25 |
| 2021-12-31 | 100 | 36.62 | 20.83 | 116.1 |
| 2022-12-31 | 49.82 | 17.52 | 11.04 | 19.38 |
| 2023-12-31 | 37.71 | 12.74 | 9.4 | 56.82 |
| 2024-12-31 | 38.37 | 13.82 | 10.02 | -26.01 |
| 2025-12-31 | 39.79 | 15.65 | 11.81 | 65.06 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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