Banco Santander, S.A. (SAN) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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SAN EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SAN Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 40.0% | 15.6% | 11.8% |
| 2024 | 39.4% | 14.6% | 9.7% |
| 2023 | 38.5% | 13.5% | 9.1% |
| 2022 | 49.8% | 17.5% | 11.0% |
| 2021 | 66.7% | 23.7% | 13.2% |
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Banco Santander, S.A. (SAN) Earnings Overview
As of May 8, 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% |
Full SAN Stock Analysis
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Start ComparisonSAN — Frequently Asked Questions
Quick answers to the most common questions about buying SAN stock.
Is SAN growing earnings?
SAN EPS stands at $0.90, with +13.0% growth matching the 5-year CAGR of N/A. TTM net income is $14.1B. Earnings trajectory remains consistent.
What are SAN's profit margins?
Banco Santander, S.A. net margin is +11.8%, with operating margin at +15.6%. Margins sit within typical range for the sector.
How consistent are SAN's earnings?
SAN earnings data spans 1991-2025. The current earnings trend is +13.0% YoY. Historical data enables comparison across business cycles.