Banco Santander, S.A. (SAN) Earnings History
Profitable35 years of earnings data (1991–2025) · Positive TTM net income
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Banco Santander, S.A. (SAN) Earnings Overview
As of June 22, 2026, Banco Santander, S.A. (SAN) reported trailing twelve-month net income of $14.10B, reflecting +13.0% year-over-year growth. The company earned $0.90 per diluted share over the past four quarters, with a net profit margin of 11.8%.
Looking at the long-term picture, SAN's historical earnings data spans multiple years. The company achieved its highest annual net income of $14.10B in fiscal 2025, representing a new all-time high.
Banco Santander, S.A. maintains positive profitability with a gross margin of 40.0%, operating margin of 15.6%, and net margin of 11.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including BBVA ($10.51B net income, 28.5% margin), DB ($6.93B net income, 11.4% margin), ING ($6.33B net income, 27.5% margin), SAN has room to improve margins relative to the peer group. Compare SAN vs BBVA →
SAN Earnings vs Peers
Earnings metrics vs comparable public companies
SAN Historical Earnings Data (1991–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $14.10B | +12.1% | $18.68B | $0.87 | 11.8% | 15.6% |
| 2024 | $12.57B | +13.5% | $19.03B | $0.77 | 9.7% | 14.6% |
| 2023 | $11.08B | +15.3% | $16.46B | $0.65 | 9.1% | 13.5% |
| 2022 | $9.61B | +18.2% | $15.25B | $0.54 | 11.0% | 17.5% |
| 2021 | $8.12B | +192.6% | $14.55B | $0.44 | 13.2% | 23.7% |
| 2020 | -$8.77B | -234.6% | -$2.08B | $-0.54 | -14.5% | -3.4% |
| 2019 | $6.51B | -16.6% | $12.54B | $0.35 | 9.0% | 17.3% |
| 2018 | $7.81B | +18.0% | $14.20B | $0.43 | 11.2% | 20.4% |
| 2017 | $6.62B | +6.7% | $12.09B | $0.39 | 9.3% | 16.9% |
| 2016 | $6.20B | +4.0% | $10.77B | $0.39 | 8.9% | 15.4% |
| 2015 | $5.97B | +2.6% | $9.55B | $0.38 | 8.3% | 13.3% |
| 2014 | $5.82B | +39.3% | $10.68B | $0.46 | 8.4% | 15.4% |
| 2013 | $4.17B | +89.3% | $7.38B | $0.36 | 6.3% | 11.2% |
| 2012 | $2.21B | -58.6% | $3.56B | $0.21 | 3.0% | 4.8% |
| 2011 | $5.33B | -34.8% | $7.86B | $0.57 | 7.1% | 10.5% |
| 2010 | $8.18B | -8.5% | $12.05B | $0.90 | 12.2% | 18.0% |
| 2009 | $8.94B | +0.7% | $10.59B | $0.99 | 13.2% | 15.7% |
| 2008 | $8.88B | -2.0% | $10.85B | $1.06 | 13.0% | 15.9% |
| 2007 | $9.06B | +19.3% | $10.97B | $1.26 | 15.6% | 18.9% |
| 2006 | $7.60B | +22.1% | $9.00B | $1.08 | 15.7% | 18.6% |
| 2005 | $6.22B | +72.5% | $7.66B | $0.95 | 14.0% | 17.2% |
| 2004 | $3.61B | +388.6% | $4.39B | $0.70 | 14.5% | 17.6% |
| 1996 | $738M | +13.1% | $999M | $0.27 | 6.0% | 8.1% |
| 1995 | $653M | +5.5% | $935M | $0.24 | 5.8% | 8.4% |
| 1994 | $619M | +48.5% | $886M | $0.21 | 7.7% | 11.1% |
| 1993 | $416M | -2.4% | $653M | $0.29 | 6.2% | 9.8% |
| 1992 | $427M | -22.4% | $675M | $0.30 | 7.0% | 11.1% |
| 1991 | $550M | - | $841M | $0.03 | 8.5% | 13.0% |
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SAN — Frequently Asked Questions
Quick answers to the most common questions about buying SAN stock.
What is SAN earnings per share (EPS)?
SAN trailing twelve-month (TTM) diluted EPS is $0.90, reflecting +13.0% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Banco Santander, S.A.'s net income?
Banco Santander, S.A. (SAN) trailing twelve-month net income is $14.1B as of 2025. Earnings grew +13.0% year-over-year. Banco Santander, S.A. has been profitable for 5 consecutive years.
Is SAN profitable?
Yes, SAN is profitable with a TTM net income of $14.1B and a net profit margin of +11.8%. Banco Santander, S.A. has generated profits for 5 consecutive years.
What is SAN's earnings growth rate?
SAN compound annual EPS growth rates (CAGR): 1-Year: +13.0%, 3-Year: +17.2%, 5-Year: N/A, 10-Year: +8.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are SAN's profit margins?
Banco Santander, S.A. net profit margin is +11.8%, operating margin is +15.6%, and gross margin is +40.0%. Margins are within a typical range for the sector. Return on Equity is +12.8%.
Is SAN growing earnings?
SAN is growing earnings steadily. YoY EPS growth of +13.0% is consistent with the 5-year CAGR of N/A. TTM net income is $14.1B.
What was SAN's best earnings year?
Banco Santander, S.A.'s highest annual net income on record is $14.1B, achieved in fiscal year 2025. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were SAN's earnings last quarter?
SAN's most recent reported quarter was Q4 2025. Net income was $3.8B with diluted EPS of $0.24. For a full breakdown of all quarters, see the quarterly earnings table on this page.