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Banco Santander, S.A.

BCDRF
Exchange
OTC
Industry
Commercial Banks, NEC
SEC CIK
0000891478

No open-market purchases or sales by Banco Santander, S.A. insiders were filed in the last 90 days; 2 institutions reported holding it in 13F filings for Q2 2026, worth $7.19M in total; no superinvestor holds it.

Other share classesSAN

Currency
EUR
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 11:51 AM ET

Amounts are in EUR, the currency Banco Santander, S.A. reports in. Lines marked ≈ US$ convert key figures to US dollars.

Income statement

Each column is one fiscal year, newest first.

Income statement of Banco Santander, S.A., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
RevenueEUR 42.3B≈ US$47.9BEUR 46.7B≈ US$50.5BEUR 43.3B≈ US$46.8BEUR 38.6B≈ US$40.7BEUR 33.4B≈ US$39.5B
Gross profitEUR 58.7BEUR 61.9BEUR 57.4BEUR 52.1BEUR 46.4B
Selling, general and administrativeEUR 21.5BEUR 22.7BEUR 22.2BEUR 20.9BEUR 18.7B
Operating income––––EUR 25.0B
Interest expenseEUR 59.4BEUR 66.1BEUR 62.0BEUR 32.8BEUR 13.1B
Income taxEUR 4.72BEUR 5.28BEUR 4.28BEUR 4.49BEUR 4.89B
Net incomeEUR 15.5B≈ US$17.5BEUR 13.7B≈ US$14.9BEUR 12.2B≈ US$13.2BEUR 10.8B≈ US$11.3BEUR 9.65B≈ US$11.4B
EPS, basicEUR 0.905EUR 0.771EUR 0.654EUR 0.539EUR 0.438
EPS, dilutedEUR 0.90EUR 0.768EUR 0.651EUR 0.537EUR 0.436
Weighted shares, basic14.9B15.5B16.2B16.8B17.3B
Weighted shares, diluted15.0B15.6B16.2B16.8B17.3B
Margins and growth
Gross margin138.5%132.6%132.7%135.0%139.1%
Operating margin––––74.9%
Net margin36.6%29.5%28.2%27.9%28.9%
Revenue growth, year over year−9.3%+7.9%+12.0%+15.7%+4.3%
Net income growth, year over year+12.8%+12.8%+13.2%+11.5%–

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of Banco Santander, S.A., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Cash and equivalentsEUR 152.3BEUR 192.2BEUR 220.3BEUR 223.1BEUR 210.7B
InventoryEUR 7.00MEUR 6.00MEUR 7.00MEUR 11.0MEUR 6.00M
Property, plant and equipment–EUR 31.2BEUR 32.9BEUR 33.0BEUR 32.3B
GoodwillEUR 12.0BEUR 13.4BEUR 14.0BEUR 13.7BEUR 12.7B
Intangible assetsEUR 5.35BEUR 5.82BEUR 5.85BEUR 4.90BEUR 3.87B
Total assetsEUR 1.87T≈ US$2.19TEUR 1.84T≈ US$1.90TEUR 1.80T≈ US$1.99TEUR 1.73T≈ US$1.86TEUR 1.60T≈ US$1.81T
Total liabilitiesEUR 1.75TEUR 1.73TEUR 1.69TEUR 1.64TEUR 1.50T
Shareholders' equityEUR 112.7BEUR 107.3BEUR 104.2BEUR 97.6BEUR 97.1B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of Banco Santander, S.A., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Operating cash flowEUR -14.8B≈ US-$16.8BEUR -24.2B≈ US-$26.1BEUR 5.01B≈ US$5.42BEUR 27.7B≈ US$29.2BEUR 56.7B≈ US$67.1B
Capital expendituresEUR 5.85BEUR 8.49BEUR 11.4BEUR 9.07BEUR 10.0B
Free cash flowEUR -20.7B≈ US-$23.4BEUR -32.6B≈ US-$35.3BEUR -6.43B≈ US-$6.96BEUR 18.6B≈ US$19.6BEUR 46.7B≈ US$55.2B
Depreciation and amortizationEUR 3.18BEUR 3.29BEUR 3.18BEUR 2.98BEUR 2.76B
Dividends paidEUR 3.34BEUR 3.02BEUR 2.26BEUR 1.85BEUR 1.31B
Share buybacksEUR 4.08BEUR 4.04BEUR 0EUR 0EUR 0
Investing cash flowEUR 534.0MEUR -3.71BEUR -5.37BEUR -3.90BEUR -3.71B
Financing cash flowEUR -14.2BEUR -5.51BEUR -2.06BEUR -9.96BEUR -1.32B
Net change in cashEUR -37.4BEUR -28.1BEUR -2.73BEUR 12.4BEUR 56.9B

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for Banco Santander, S.A. by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 202514.7B−3.1%SEC
Dec 31, 202415.2B−6.4%SEC
Dec 31, 202316.2B−3.6%SEC
Dec 31, 202216.8B−3.2%SEC
Dec 31, 202117.3B0.0%SEC
Dec 31, 202017.3B+4.3%SEC
Dec 31, 201916.6B+2.3%SEC
Dec 31, 201816.2B+0.6%SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert EUR at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.