Revenue
— FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
SAN
$12.07+6.44%
as of close, Nov 4, 2026
☾ AH $12.07 +6.44%
Banco Santander S.A. Sponsored ADR (Spain)Stock · Financials
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SAN financial statements
The full income statement, balance sheet, and cash-flow statement for Banco Santander S.A. Sponsored ADR (Spain) (SAN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Gross profit
5Y CAGR +5.6%5Y CAGR +5.6%$66.4B FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Net income
5Y n/m10Y CAGR +8.0%$17.5B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y n/m10Y CAGR +8.8%$1.02 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y n/m10Y n/m−$16.8B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR −4.7%10Y CAGR −2.5%$6.6B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y n/m10Y n/m−$23.4B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −13.5%10Y +4.2%15B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
10Y CAGR +8.4%$0.26 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 16.14B2018-12 16.24B2019-12 16.62B2020-12 17.34B2021-12 17.34B2022-12 16.79B2023-12 16.18B2024-12 15.15B2025-12 14.69B-9.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Gross profit | 66.4B+5.1% | 63.1B+7.6% | 58.7B+7.0% | 54.8B-0.1% | 54.9B+8.7% | |
| Pre-tax income | 21.1B+12.7% | 18.8B+15.6% | 16.2B+1.1% | 16.0B-6.8% | 17.2B+826.9% | |
| Income tax | 5.34B+2.0% | 5.24B+24.9% | 4.20B-11.1% | 4.72B-18.5% | 5.79B-9.9% | |
| 17.5B+18.0% | 14.9B+12.8% | 13.2B+16.3% | 11.3B-0.8% | 11.4B+229.9% | ||
| Net income to common | 16.0B+17.3% | 13.6B+13.6% | 12.0B+18.5% | 10.1B+5.2% | 9.61B+196.1% | |
| $1.02+22.6% | $0.83+18.0% | $0.70+24.6% | $0.56+9.6% | $0.52+184.1% | ||
| EPS (basic) | $1.02+22.8% | $0.83+17.9% | $0.71+24.7% | $0.57+9.5% | $0.52+184.5% | |
| Weighted-avg shares (basic) | 14.9B-3.9% | 15.5B-4.2% | 16.2B-4.0% | 16.8B-2.5% | 17.3B-0.3% | |
| Weighted-avg shares (diluted) | 15.0B-3.8% | 15.6B-4.2% | 16.2B-3.9% | 16.9B-2.4% | 17.3B+0.0% | |
| Dividends per share | $0.26+19.5% | $0.22+42.6% | $0.15+30.5% | $0.12+29.3% | $0.09 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 179B-10.4% | 200B-17.9% | 243B+1.9% | 239B+0.0% | 239B+26.1% | |
| Inventory | 8.23M+32.0% | 6.24M-19.3% | 7.73M-34.3% | 11.8M+73.2% | 6.80M+10.5% | |
| 2.20T+15.0% | 1.91T-3.8% | 1.98T+6.9% | 1.86T+2.7% | 1.81T-2.6% | ||
| Property, plant & equipment | — | 32.4B-10.8% | 36.3B+2.8% | 35.4B-3.5% | 36.6B-6.3% | |
| Goodwill | 14.1B+0.7% | 14.0B-9.7% | 15.5B+5.2% | 14.7B+2.1% | 14.4B-6.1% | |
| Total liabilities | 2.06T+14.8% | 1.80T-3.8% | 1.87T+6.7% | 1.75T+3.2% | 1.70T-2.6% | |
| 133B+18.8% | 112B-3.1% | 115B+10.2% | 104B-5.0% | 110B-2.1% | ||
| Total equity incl. non-controlling | 133B+18.8% | 112B-3.1% | 115B+10.2% | 104B-5.0% | 110B-2.1% | |
| Common shares outstanding | 14.7B-3.1% | 15.2B-6.4% | 16.2B-3.6% | 16.8B-3.2% | 17.3B+0.0% | |
| Shares outstanding (cover) | 14.7B-3.1% | 15.2B-6.4% | 16.2B-3.6% | 16.8B-3.2% | 17.3B+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -16.8B+35.8% | -26.1B-581.8% | 5.42B-81.4% | 29.1B-56.5% | 67.0B-11.1% | ||
| Depreciation & amortization | 3.60B+4.6% | 3.44B+3.0% | 3.34B | — | — | |
| Capital expenditure | 6.62B-27.9% | 9.19B-25.8% | 12.4B+29.8% | 9.54B-19.5% | 11.8B+40.7% | |
| Free cash flow | -23.4B+33.7% | -35.3B-407.8% | -6.95B-135.5% | 19.6B-64.5% | 55.2B-17.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 4.62B+5.7% | 4.37B+29.9% | 3.36B+55.9% | 2.16B+10.8% | 1.95B+125.1% | |
| Dividends paid | 3.78B+15.8% | 3.26B+33.5% | 2.45B+25.8% | 1.94B+25.2% | 1.55B | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 172B+149.4% | 69.1B-0.6% | 69.5B+35.9% | 51.2B-10.3% | 57.1B+7.9% | |
| P/E | 9.8×+111.4% | 4.6×-24.3% | 6.1×+37.0% | 4.5×-10.3% | 5.0× | |
| P/B | 1.3×+109.9% | 0.6×-7.0% | 0.7×+43.1% | 0.5×-10.3% | 0.5×+10.2% | |
| P/FCF | — | — | 3.5×+282.6% | 0.9×-10.3% | 1.0×+30.9% | |
| Earnings yield | 10.2%-52.7% | 21.5%+32.1% | 16.3%-27.0% | 22.3%+11.5% | 20.0% | |
| FCF yield | — | — | 28.2%-73.9% | 107.9%+11.5% | 96.8%-23.6% | |
| Dividend yield | 2.2%-53.5% | 4.7%+29.4% | 3.6%-7.0% | 3.9%+44.2% | 2.7% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: SAN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SAN filings on SEC EDGAR → Not investment advice.
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