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.
Shares outstanding (point-in-time)
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.
| 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% | 63.2B+7.7% | 58.7B+7.1% | 54.8B-0.2% | 54.9B+8.7% | |
| Operating income | — | — | — | — | 29.6B+12.0% | |
| Pre-tax income | 21.1B+12.6% | 18.8B+15.7% | 16.2B+1.2% | 16.0B-6.8% | 17.2B+827.1% | |
| Income tax | 5.34B+2.0% | 5.24B+24.9% | 4.20B-11.0% | 4.72B-18.5% | 5.79B-9.8% | |
| 17.5B+17.9% | 14.9B+12.9% | 13.2B+16.4% | 11.3B-0.9% | 11.4B+229.9% | ||
| Net income to common | 16.0B+17.3% | 13.6B+13.6% | 12.0B+18.6% | 10.1B+5.1% | 9.61B+196.1% | |
| $1.02+22.5% | $0.83+18.0% | $0.70+24.7% | $0.56+9.5% | $0.52+184.1% | ||
| EPS (basic) | $1.02+22.7% | $0.83+18.0% | $0.71+24.8% | $0.57+9.4% | $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 | $0.33+24.3% | $0.26+30.6% | $0.20+36.8% | $0.15+9.9% | $0.13+146.3% | |
| 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-10.8% | 200B-17.8% | 244B+2.6% | 238B-0.6% | 239B+27.0% | |
| Inventory | 8.22M+31.4% | 6.26M-19.2% | 7.75M-33.9% | 11.7M+72.0% | 6.82M+11.3% | |
| 2.19T+14.5% | 1.92T-3.7% | 1.99T+7.6% | 1.85T+2.0% | 1.81T-1.9% | ||
| Property, plant & equipment | — | 32.6B-10.7% | 36.4B+3.5% | 35.2B-4.1% | 36.7B-5.6% | |
| Goodwill | 14.0B+0.2% | 14.0B-9.7% | 15.5B+5.9% | 14.6B+1.4% | 14.4B-5.5% | |
| Total liabilities | 2.06T+14.3% | 1.80T-3.7% | 1.87T+7.4% | 1.75T+2.5% | 1.70T-1.9% | |
| 132B+18.3% | 112B-3.0% | 115B+10.9% | 104B-5.6% | 110B-1.5% | ||
| Total equity incl. non-controlling | 132B+18.3% | 112B-3.0% | 115B+10.9% | 104B-5.6% | 110B-1.5% | |
| 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-581.9% | 5.42B-81.4% | 29.1B-56.6% | 67.1B-11.1% | ||
| Depreciation & amortization | 3.60B+4.5% | 3.44B+3.1% | 3.34B+6.3% | 3.14B-3.7% | 3.26B+1.8% | |
| 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+56.0% | 2.16B+10.8% | 1.95B+125.2% | |
| Dividends paid | 4.79B+20.5% | 3.98B+22.3% | 3.25B+31.8% | 2.47B+6.4% | 2.32B+146.3% | |
| 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×+111.5% | 4.6×-24.4% | 6.1×+37.1% | 4.5×-10.3% | 5.0× | |
| P/S | 2.1×+149.4% | 0.8×-0.6% | 0.8×+35.9% | 0.6×-10.3% | 0.7×+7.9% | |
| P/B | 1.3×+110.8% | 0.6×-7.6% | 0.7×+44.0% | 0.5×-10.3% | 0.5×+9.5% | |
| Earnings yield | 10.2%-52.7% | 21.5%+32.2% | 16.3%-27.1% | 22.3%+11.5% | 20.0% | |
| Dividend yield | 2.8%-51.7% | 5.8%+18.6% | 4.9%-2.5% | 5.0%+22.6% | 4.1%+128.4% | |
| 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.