Banco Santander, S.A. (SAN) financial statements: income statement, balance sheet and cash flow
Banco Santander, S.A.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
Income statement
Banco Santander, S.A. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest income
$101.7B
$112.7B
$105.3B
$71.4B
Interest expense
($59.4B)
($66.1B)
($62.0B)
($32.8B)
Interest income/(charges)
$42.3B
$46.7B
$43.3B
$38.6B
Dividend income
$715.0M
$714.0M
$571.0M
$488.0M
Income from companies accounted for using the equity method
$665.0M
$711.0M
$613.0M
$702.0M
Commission income
$17.4B
$17.6B
$16.3B
$15.9B
Commission expense
($4.4B)
($4.6B)
($4.3B)
($4.1B)
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net
$127.0M
($114.0M)
$96.0M
$149.0M
Gain or losses on financial assets and liabilities held for trading, net
$1.0B
$1.5B
$2.3B
$842.0M
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss
$1.1B
$495.0M
$204.0M
$162.0M
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net
($307.0M)
$691.0M
($93.0M)
$968.0M
Gain or losses from hedge accounting, net
$12.0M
$16.0M
$63.0M
$74.0M
Exchange differences, net
$407.0M
($274.0M)
$41.0M
($542.0M)
Other operating income
$1.6B
$803.0M
$1.1B
$1.5B
Other operating expenses
($2.4B)
($2.3B)
($2.8B)
($2.8B)
Income from insurance and reinsurance contracts
$476.0M
$470.0M
$460.0M
—
Expenses from insurance and reinsurance contracts
($385.0M)
($449.0M)
($449.0M)
—
Total income
$58.3B
$61.9B
$57.4B
$52.1B
Administrative expenses
($21.6B)
($22.7B)
($22.2B)
($20.9B)
Staff costs
($13.7B)
($14.3B)
($13.7B)
($12.5B)
Other general administrative expenses
($7.9B)
($8.4B)
($8.5B)
($8.4B)
Depreciation and amortisation cost
($3.2B)
($3.3B)
($3.2B)
($3.0B)
Provisions or reversal of provisions, net
($2.3B)
($3.9B)
($2.7B)
($1.9B)
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes
($12.5B)
($12.6B)
($13.0B)
($10.9B)
Impairment or reversal of impairment of investments in subsidiaries, joint ventures and associates, net
$0
$0
$0
$0
Impairment or reversal of impairment on non-financial assets, net
($251.0M)
($628.0M)
($237.0M)
($239.0M)
Tangible assets
($129.0M)
($386.0M)
($136.0M)
($140.0M)
Intangible assets
($112.0M)
($231.0M)
($73.0M)
($75.0M)
Others
($10.0M)
($11.0M)
($28.0M)
($24.0M)
Gain or losses on non-financial assets and investments, net
$0
$367.0M
$313.0M
$12.0M
Negative goodwill recognized in results
$22.0M
$0
$39.0M
$0
Gains or losses on non-current assets held for sale not classified as discontinued operations
$226.0M
($27.0M)
($20.0M)
$7.0M
Operating profit/(loss) before tax
$18.7B
$19.0B
$16.5B
$15.3B
Tax expense or income from continuing operations
($4.7B)
($5.3B)
($4.3B)
($4.5B)
Profit/(loss) from continuing operations
$14.0B
$13.7B
$12.2B
$10.8B
Profit/(loss) after tax from discontinued operations
$1.5B
$0
$0
$0
Profit/(loss) for the year
$15.5B
$13.7B
$12.2B
$10.8B
Profit/(loss) attributable to non-controlling interests
$1.4B
$1.2B
$1.1B
$1.2B
Profit/(loss) attributable to the parent
$14.1B
$12.6B
$11.1B
$9.6B
Basic (in euro per share)
$0.91
$0.77
$0.65
$0.54
Diluted (in euro per share)
$0.90
$0.77
$0.65
$0.54
Banco Santander, S.A. income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Interest income
$52.3B
$51.3B
$56.8B
$49.9B
Interest expense
($29.6B)
($30.1B)
($33.4B)
($29.0B)
Interest income/ (charges)
$22.7B
$21.2B
$23.5B
$20.9B
Dividend income
$624.0M
$471.0M
$493.0M
$382.0M
Income from companies accounted for using the equity method
$476.0M
$332.0M
$303.0M
$296.0M
Commission income
$9.3B
$8.6B
$8.7B
$8.3B
Commission expense
($2.4B)
($2.2B)
($2.3B)
($2.2B)
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net
$58.0M
$8.0M
$20.0M
$22.0M
Gain or losses on financial assets and liabilities held for trading, net
$571.0M
$701.0M
$441.0M
$263.0M
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss
$180.0M
$523.0M
$314.0M
$26.0M
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net
$216.0M
($301.0M)
$427.0M
($194.0M)
Gain or losses from hedge accounting, net
($40.0M)
($13.0M)
$14.0M
$108.0M
Exchange differences, net
($253.0M)
$114.0M
($259.0M)
$1.1B
Other operating income
$682.0M
$745.0M
$409.0M
$480.0M
Other operating expenses
($1.3B)
($992.0M)
($1.4B)
($1.5B)
Income from insurance and reinsurance contracts
$247.0M
$237.0M
$249.0M
—
Expenses from insurance and reinsurance contracts
($196.0M)
($196.0M)
($239.0M)
—
Total income
$30.8B
$29.2B
$30.7B
$28.0B
Administrative expenses
($10.9B)
($10.7B)
($11.3B)
($10.9B)
Staff costs
($6.9B)
($6.7B)
($7.1B)
($6.6B)
Other general and administrative expenses
($3.9B)
($4.0B)
($4.2B)
($4.3B)
Depreciation and amortisation cost
($1.7B)
($1.6B)
($1.7B)
($1.6B)
Provisions or reversal of provisions, net
($1.8B)
($1.3B)
($1.8B)
($1.3B)
Impairment or reversal of impairment of financial assets not measured at fair value through profit or loss and net gains and losses from modifications
($6.6B)
($6.5B)
($6.6B)
($6.2B)
Impairment of investments in subsidiaries, joint ventures and associates, net
$0
$0
$0
$0
Impairment on non-financial assets, net
($30.0M)
($147.0M)
($290.0M)
($92.0M)
Tangible assets
($14.0M)
($114.0M)
($183.0M)
($78.0M)
Intangible assets
($8.0M)
($28.0M)
($105.0M)
($5.0M)
Others
($8.0M)
($5.0M)
($2.0M)
($9.0M)
Gain or losses on non financial assets and investments, net
$16.0M
($32.0M)
$366.0M
$277.0M
Negative goodwill recognised in results
$5.0M
$22.0M
—
—
Gains or losses on non-current assets held for sale not classified as discontinued operations
$4.0M
$217.0M
($31.0M)
($59.0M)
Operating profit/(loss) before tax
$10.0B
$9.1B
$9.5B
$8.1B
Tax expense or income from continuing operations
($2.4B)
($2.4B)
($2.9B)
($2.3B)
Profit/(loss) for the period from continuing operations
$7.5B
$6.7B
$6.6B
$5.8B
Profit/( loss) after tax from discontinued operations
$1.9B
$726.0M
$0
$0
Profit/(loss) for the period
$9.4B
$7.5B
$6.6B
$5.8B
Profit attributable to non-controlling interests
$441.0M
$630.0M
$533.0M
$568.0M
Profit/(loss) attributable to the parent
$9.0B
$6.8B
$6.1B
$5.2B
Basic earnings per share (in euro per share)
$0.60
$0.43
$0.37
$0.31
Diluted earnings per share (in euro per share)
$0.60
$0.43
$0.37
$0.31
Balance sheet
Banco Santander, S.A. balance sheet, fiscal years
Line item
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Dec 31, 2019 · FY
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND
$192.2B
$220.3B
$223.1B
$101.1B
FINANCIAL ASSETS HELD FOR TRADING
$230.3B
$176.9B
$156.1B
$108.2B
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS
$6.1B
$5.9B
$5.7B
$4.9B
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS
$7.9B
$9.8B
$9.0B
$62.1B
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
$89.9B
$83.3B
$85.2B
$125.7B
FINANCIAL ASSETS AT AMORTIZED COST
$1.2T
$1.2T
$1.1T
$995.5B
HEDGING DERIVATIVES
$5.7B
$5.3B
$8.1B
$7.2B
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK
($704.0M)
($788.0M)
($3.7B)
$1.7B
Joint venture entities
$2.1B
$2.0B
$2.0B
$1.3B
Associated entities
$5.2B
$5.7B
$5.6B
$7.4B
INVESTMENTS
$7.3B
$7.6B
$7.6B
$8.8B
ASSETS UNDER REINSURANCE CONTRACTS
$222.0M
$237.0M
—
—
Property, plant and equipment
$31.2B
$32.9B
$33.0B
$34.3B
Investment properties
$875.0M
$956.0M
$1.0B
$973.0M
TANGIBLE ASSETS
$32.1B
$33.9B
$34.1B
$35.2B
Goodwill
$13.4B
$14.0B
$13.7B
$24.2B
Other intangible assets
$5.8B
$5.9B
$4.9B
$3.4B
INTANGIBLE ASSETS
$19.3B
$19.9B
$18.6B
$27.7B
Current tax assets
$11.4B
$10.6B
$9.2B
$6.8B
Deferred tax assets
$19.2B
$20.8B
$20.8B
$22.8B
TAX ASSETS
$30.6B
$31.4B
$30.0B
$29.6B
Insurance contracts linked to pensions
$81.0M
$93.0M
$104.0M
$192.0M
Inventories
$6.0M
$7.0M
$11.0M
$5.0M
Other
$8.5B
$8.8B
$10.0B
$9.9B
OTHER ASSETS
$8.6B
$8.9B
$10.1B
$10.1B
NON-CURRENT ASSETS HELD FOR SALE
$4.0B
$3.0B
$3.5B
$4.6B
TOTAL ASSETS
$1.8T
$1.8T
$1.7T
$1.5T
FINANCIAL LIABILITIES HELD FOR TRADING
$152.2B
$122.3B
$115.2B
$77.1B
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS
$36.4B
$40.4B
$55.9B
$61.0B
FINANCIAL LIABILITIES AT AMORTIZED COST
$1.5T
$1.5T
$1.4T
$1.2T
HEDGING DERIVATIVES
$4.8B
$7.7B
$9.2B
$6.0B
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK
($9.0M)
$55.0M
($117.0M)
$269.0M
LIABILITIES UNDER INSURANCE CONTRACTS
$17.8B
$17.8B
—
—
PROVISIONS
$8.4B
$8.4B
$8.1B
$14.0B
Current tax liabilities
$3.3B
$3.8B
$3.0B
$2.8B
Deferred tax liabilities
$6.3B
$6.1B
$6.4B
$6.5B
TAX LIABILITIES
$9.6B
$9.9B
$9.5B
$9.3B
OTHER LIABILITIES
$16.3B
$17.6B
$14.6B
$12.8B
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE
$0
$0
$0
$0
TOTAL LIABILITIES
$1.7T
$1.7T
$1.6T
$1.4T
Called up paid capital
$7.6B
$8.1B
$8.4B
—
Unpaid capital which has been called up
$0
$0
$0
$0
CAPITAL
$7.6B
$8.1B
$8.4B
$8.3B
SHARE PREMIUM
$40.1B
$44.4B
$46.3B
$52.4B
Equity component of the compound financial instrument
$0
$0
$0
$0
Banco Santander, S.A. balance sheet, quarters
Line item
Jun 30, 2026
Dec 31, 2025
Jun 30, 2025
Jun 30, 2024
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND
$138.0B
$152.3B
$175.6B
$156.2B
FINANCIAL ASSETS HELD FOR TRADING
$286.9B
$252.3B
$234.8B
$206.9B
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS
$8.1B
$7.8B
$5.7B
$6.2B
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS
$7.9B
$8.0B
$8.8B
$9.2B
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
$75.4B
$74.6B
$75.8B
$82.3B
FINANCIAL ASSETS AT AMORTISED COST
$1.3T
$1.2T
$1.1T
$1.2T
HEDGING DERIVATIVES
$5.0B
$3.9B
$4.6B
$5.4B
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RISK
($500.0M)
$50.0M
$53.0M
($1.3B)
Joint venture entities
$2.0B
$2.0B
$1.9B
$2.0B
Associated entities
$5.7B
$5.1B
$5.3B
$6.2B
INVESTMENTS
$7.7B
$7.1B
$7.2B
$8.2B
ASSETS UNDER REINSURANCE CONTRACTS
$230.0M
$223.0M
$228.0M
$214.0M
Property, plant and equipment
$25.5B
$26.4B
$28.2B
$32.8B
Investment properties
$965.0M
$1.0B
$823.0M
$945.0M
TANGIBLE ASSETS
$26.5B
$27.4B
$29.0B
$33.7B
Goodwill
$13.1B
$12.0B
$12.0B
$13.7B
Other intangible assets
$5.6B
$5.3B
$5.3B
$5.7B
INTANGIBLE ASSETS
$18.8B
$17.3B
$17.2B
$19.4B
Current tax assets
$11.1B
$11.1B
$9.5B
$10.0B
Deferred tax assets
$20.3B
$18.9B
$18.5B
$20.0B
TAX ASSETS
$31.5B
$30.1B
$28.0B
$30.0B
Insurance contracts linked to pensions
$63.0M
$67.0M
$73.0M
$87.0M
Inventories
$6.0M
$7.0M
$6.0M
$6.0M
Other
$11.7B
$8.6B
$11.1B
$9.6B
OTHER ASSETS
$11.8B
$8.7B
$11.2B
$9.7B
NON-CURRENT ASSETS HELD FOR SALE
$2.9B
$75.0B
$68.7B
$2.9B
TOTAL ASSETS
$2.0T
$1.9T
$1.8T
$1.8T
FINANCIAL LIABILITIES HELD FOR TRADING
$193.4B
$171.5B
$155.7B
$133.9B
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS
$43.4B
$42.1B
$35.5B
$34.5B
FINANCIAL LIABILITIES AT AMORTISED COST
$1.5T
$1.4T
$1.4T
$1.5T
HEDGING DERIVATIVES
$4.5B
$4.2B
$4.4B
$5.5B
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK
($51.0M)
$49.0M
$70.0M
$12.0M
LIABILITIES UNDER INSURANCE CONTRACTS
$19.3B
$18.7B
$18.3B
$17.6B
PROVISIONS
$9.2B
$8.4B
$8.1B
$8.4B
Current tax liabilities
$3.8B
$3.7B
$3.1B
$3.7B
Deferred tax liabilities
$6.0B
$5.9B
$5.8B
$6.1B
TAX LIABILITIES
$9.8B
$9.6B
$8.9B
$9.8B
OTHER LIABILITIES
$15.2B
$15.9B
$15.9B
$18.0B
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE
$0
$63.0B
$59.4B
$0
TOTAL LIABILITIES
$1.8T
$1.8T
$1.7T
$1.7T
Called up paid capital
$7.3B
$7.3B
$7.4B
$7.7B
Unpaid capital which has been called up
$0
$0
$0
$0
CAPITAL
$7.3B
$7.3B
$7.4B
$7.7B
SHARE PREMIUM
$36.8B
$36.8B
$38.5B
$41.6B
Equity component of the compound financial instrument
$0
$0
$0
$0
Cash flow statement
Banco Santander, S.A. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
CASH FLOWS FROM OPERATING ACTIVITIES
($14.8B)
($24.2B)
$5.0B
$27.7B
Profit or loss for the year
$15.5B
$13.7B
$12.2B
$10.8B
Adjustments made to obtain the cash flows from operating activities
$31.3B
$28.4B
$26.9B
$24.0B
Depreciation and amortisation cost
$3.2B
$3.3B
$3.2B
$3.0B
Other adjustments
$28.2B
$25.1B
$23.8B
$21.0B
Net increase/(decrease) in operating assets
$119.3B
$118.0B
$75.0B
$108.8B
Financial assets held-for-trading
$25.8B
$62.5B
$18.3B
$30.8B
Non-trading financial assets mandatorily at fair value through profit or loss
$1.9B
$31.0M
$286.0M
$218.0M
Financial assets at fair value through profit or loss
$146.0M
($1.9B)
$874.0M
($7.1B)
Financial assets at fair value through other comprehensive income
($6.7B)
$10.2B
($4.5B)
($22.4B)
Financial assets at amortized cost
$98.0B
$46.0B
$60.5B
$105.6B
Other operating assets
$237.0M
$1.1B
($565.0M)
$1.5B
Net increase/(decrease) in operating liabilities
$62.5B
$57.6B
$46.1B
$107.2B
Financial liabilities held-for-trading
$20.7B
$34.3B
$5.5B
$29.5B
Financial liabilities designated at fair value through profit or loss
$5.9B
($3.9B)
($11.0M)
$25.6B
Financial liabilities at amortized cost
$35.7B
$34.2B
$40.1B
$55.6B
Other operating liabilities
$298.0M
($7.0B)
$503.0M
($3.5B)
Income tax recovered/(paid)
($5.0B)
($5.9B)
($5.2B)
($5.5B)
CASH FLOWS FROM INVESTING ACTIVITIES
$534.0M
($3.7B)
($5.4B)
($3.9B)
Payments
$7.9B
$11.4B
$15.1B
$11.8B
Tangible assets
$5.9B
$8.5B
$11.4B
$9.1B
Intangible assets
$1.8B
$2.1B
$2.2B
$1.8B
Investments
$79.0M
$686.0M
$139.0M
$152.0M
Subsidiaries and other business units
$187.0M
$71.0M
$1.3B
$784.0M
Non-current assets held for sale and associated liabilities
$0
$0
$0
$0
Other payments related to investing activities
$0
$0
$0
$0
Proceeds
$8.5B
$7.6B
$9.7B
$7.9B
Tangible assets
$5.2B
$6.0B
$7.1B
$5.6B
Intangible assets
$0
$0
$0
$0
Investments
$749.0M
$681.0M
$814.0M
$533.0M
Subsidiaries and other business units
$54.0M
$8.0M
$885.0M
$734.0M
Non-current assets held for sale and associated liabilities