Last 47 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Banco Bilbao Vizcaya Argentaria, S.A.'s quarterly P/E stands at 13.9x, up 128.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 14.8% YoY to 7.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.03 | 13.88 | 11.46 | 8.01 | 7.57 | 6.08 | 6.16 | 5.22 | 8.22 | 7.35 | 6.10 | 5.65 | 5.69 |
| — | +128.4% | +86.0% | +53.2% | -8.0% | -17.3% | +1.0% | -7.5% | +44.6% | +17.4% | — | — | -16.1% | |
| P/S Ratio | 2.83 | 3.55 | 1.62 | 2.55 | 2.11 | 1.59 | 0.90 | 1.56 | 2.10 | 1.79 | 1.55 | 0.84 | 1.52 |
| — | +124.0% | +79.5% | +62.8% | +0.2% | -11.2% | -41.7% | +85.2% | +37.9% | +28.0% | +135.6% | +4.1% | +35.9% | |
| P/B Ratio | 1.80 | 2.25 | 1.88 | 1.46 | 1.33 | 0.99 | 1.14 | 1.01 | 1.24 | 0.96 | 0.92 | 0.87 | 0.82 |
| — | +128.7% | +64.6% | +44.1% | +7.0% | +2.4% | +23.7% | +15.9% | +50.3% | +34.1% | +57.1% | +34.6% | +8.5% | |
| P/FCF | 7.40 | 9.66 | 1.73 | — | — | — | 1.06 | — | — | 1.21 | — | — | 3.20 |
| — | — | +64.0% | — | — | — | — | — | — | — | — | — | +20.5% | |
| EV / EBITDA | 5.22 | 7.34 | 9.43 | 4.91 | 5.24 | 8.62 | 2.47 | 7.98 | 2.43 | 11.42 | 5.34 | 9.77 | 3.60 |
| — | -14.8% | +281.5% | -38.4% | +115.8% | -24.5% | -53.7% | -18.3% | -32.5% | +98.7% | +624.4% | +61.7% | +29.7% | |
| EV / EBIT | 5.70 | 8.08 | 10.35 | 5.36 | 5.70 | 9.55 | 2.71 | 8.69 | 2.69 | 12.78 | 5.94 | 10.81 | 4.01 |
| — | -15.5% | +282.6% | -38.3% | +111.6% | -25.2% | -54.5% | -19.6% | -32.9% | +96.4% | +623.9% | +52.7% | +27.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Banco Bilbao Vizcaya Argentaria, S.A.'s operating margin was 40.2% in Q4 2025, up 18.6 pp QoQ and down 0.2 pp YoY. The trailing four-quarter average of 38.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.6% | 82.2% | 45.9% | 84.2% | -4.1% | 84.3% | 92.0% | -16.0% | 83.4% | 83.5% | -8.6% | 51.8% | 15.3% |
| — | -2.5% | -50.1% | +627.7% | -104.9% | +0.9% | +1165.2% | -130.8% | +446.7% | -1.3% | -114.4% | -19.6% | -77.2% | |
| Operating Margin | 43.9% | 40.2% | 21.6% | 46.8% | 46.6% | 40.3% | 21.6% | 46.8% | 42.1% | 39.4% | 42.3% | 23.4% | 42.3% |
| — | -0.4% | +0.2% | -0.1% | +10.8% | +2.3% | -49.0% | +100.2% | -0.6% | -0.1% | +57.6% | +12.8% | +55.4% | |
| Net Margin | 28.5% | 25.9% | 14.1% | 31.6% | 28.9% | 26.1% | 14.7% | 30.3% | 26.8% | 27.7% | 26.2% | 15.0% | 26.5% |
| — | -0.9% | -3.5% | +4.2% | +8.1% | -5.7% | -44.0% | +102.4% | +0.9% | +14.9% | +58.3% | +8.0% | +63.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.3% | 4.1% | 4.1% | 4.6% | 4.5% | 4.2% | 4.6% | 5.0% | 4.0% | 3.8% | 3.9% | 3.9% | 3.6% |
| — | -1.6% | -10.6% | -7.6% | +14.2% | +10.1% | +17.4% | +26.7% | +9.5% | +21.6% | +5.3% | +40.4% | +32.5% | |
| ROA | 1.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| — | -4.0% | -7.4% | -0.9% | +25.2% | +17.6% | +25.4% | +32.3% | +9.7% | +24.5% | +8.2% | +39.4% | +28.5% | |
| ROIC | 7.0% | 1.9% | 1.9% | 2.1% | 1.8% | 1.7% | 1.8% | 2.0% | 1.4% | 1.1% | 1.3% | 1.3% | 1.4% |
| — | +9.0% | +7.4% | +6.2% | +24.8% | +52.6% | +34.1% | +51.2% | -0.1% | -14.8% | -14.2% | +19.4% | +19.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Banco Bilbao Vizcaya Argentaria, S.A.'s Debt/EBITDA ratio is 18.9x, down from 25.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 35.0% YoY to 0.44x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.32 | 1.32 | 1.78 | 1.18 | 1.74 | 2.41 | 1.19 | 2.55 | 1.32 | 3.25 | 1.93 | 3.28 | 1.81 |
| — | -45.0% | +50.3% | -53.8% | +31.9% | -25.8% | -38.5% | -22.1% | -26.9% | +43.0% | +27.0% | +37.9% | +29.5% | |
| Debt / EBITDA | 4.61 | 18.91 | 25.93 | 16.15 | 21.83 | 34.66 | 15.90 | 30.98 | 19.21 | 54.66 | 27.54 | 49.04 | 28.33 |
| — | -45.4% | +63.1% | -47.9% | +13.6% | -36.6% | -42.2% | -36.8% | -32.2% | +38.1% | +20.9% | +0.0% | +6.5% | |
| Current Ratio | 0.44 | 0.44 | 0.27 | 0.42 | 0.39 | 0.32 | 0.26 | 0.29 | 0.29 | 0.33 | 0.27 | 0.27 | 0.29 |
| — | +35.0% | +3.0% | +46.4% | +38.4% | -1.0% | -1.5% | +6.7% | -1.1% | -14.1% | -17.4% | -16.8% | -8.7% | |
| Quick Ratio | 0.44 | 0.44 | 0.27 | 0.42 | 0.39 | 0.32 | 0.26 | 0.29 | 0.29 | 0.33 | 0.27 | 0.27 | 0.29 |
| — | +35.0% | +3.0% | +46.4% | +38.4% | -1.0% | -1.5% | +6.7% | -1.1% | -14.1% | -17.4% | -16.8% | -8.7% | |
| Interest Coverage | — | — | 0.48 | — | 0.52 | — | — | 0.47 | — | — | 0.45 | 0.57 | 0.60 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Banco Bilbao Vizcaya Argentaria, S.A.'s current P/E is 11.0x. The average P/E over the last 4 quarters is 10.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Banco Bilbao Vizcaya Argentaria, S.A.'s current operating margin is 43.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Banco Bilbao Vizcaya Argentaria, S.A.'s business trajectory between earnings reports.