Banco Santander has been growing earnings at an average annual rate of 21.4%, while the Banks industry saw earnings growing at 36.8% annually. Revenues have been growing at an average rate of 6.7% per year. Banco Santander's return on equity is 12.8%, and it has net margins of 26.3%.
Key information
21.40%
Earnings growth rate
24.91%
EPS growth rate
Banks Industry Growth
38.31%
Revenue growth rate
6.72%
Return on equity
12.77%
Net Margin
26.32%
Next Earnings Update
22 Jul 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Banco Santander makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BASE:SAND Revenue, expenses and earnings (EUR Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
47,374
12,468
24,025
0
31 Dec 25
46,836
11,937
24,168
0
30 Sep 25
50,674
12,799
25,257
0
30 Jun 25
50,158
12,576
25,347
0
31 Mar 25
46,868
10,891
24,321
0
31 Dec 24
47,810
10,713
24,595
0
30 Sep 24
46,608
10,682
24,494
0
30 Jun 24
47,566
10,747
24,886
0
31 Mar 24
47,699
10,701
25,406
0
31 Dec 23
43,261
9,526
24,064
0
30 Sep 23
44,142
9,545
25,137
0
30 Jun 23
42,918
9,486
24,373
0
31 Mar 23
41,718
9,104
23,946
0
31 Dec 22
41,947
9,076
23,344
0
30 Sep 22
41,120
9,025
22,641
0
30 Jun 22
40,442
8,756
21,899
0
31 Mar 22
39,886
8,493
21,273
0
31 Dec 21
39,007
7,558
20,857
0
30 Sep 21
36,698
5,574
20,191
0
30 Jun 21
35,605
5,157
19,999
0
31 Mar 21
33,289
-8,046
19,982
0
31 Dec 20
31,840
-9,323
20,593
0
30 Sep 20
34,633
-6,860
18,624
0
30 Jun 20
36,271
-8,089
20,618
0
31 Mar 20
38,959
4,559
19,714
0
31 Dec 19
40,936
5,920
22,758
0
30 Sep 19
40,130
5,648
22,298
0
30 Jun 19
39,398
6,697
20,873
0
31 Mar 19
39,339
7,012
22,232
0
31 Dec 18
39,326
7,250
19,797
0
30 Sep 18
39,460
6,761
22,295
0
30 Jun 18
39,891
6,272
22,414
0
31 Mar 18
39,664
6,371
22,489
0
31 Dec 17
39,402
6,224
22,410
0
30 Sep 17
37,966
6,310
21,941
0
30 Jun 17
36,531
6,564
21,423
0
31 Mar 17
35,743
6,104
21,002
0
31 Dec 16
34,478
5,870
20,617
0
30 Sep 16
33,607
4,312
20,677
0
30 Jun 16
33,884
4,310
20,770
0
31 Mar 16
34,457
5,590
20,972
0
31 Dec 15
35,181
5,690
21,191
0
30 Sep 15
36,649
7,143
20,914
0
30 Jun 15
36,019
7,144
20,644
0
Quality Earnings: SAND has high quality earnings.
Growing Profit Margin: SAND's current net profit margins (26.3%) are higher than last year (23.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SAND has become profitable over the past 5 years, growing earnings by 21.4% per year.
Accelerating Growth: SAND's earnings growth over the past year (14.5%) is below its 5-year average (21.4% per year).
Earnings vs Industry: SAND earnings growth over the past year (14.5%) exceeded the Banks industry -56.5%.
Return on Equity
High ROE: SAND's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/24 16:35
End of Day Share Price
2026/06/24 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Banco Santander, S.A. is covered by 36 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.