Banco Santander, S.A. (SAN) Earnings History
Annual and quarterly earnings data from 1991 to 2024
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EPS Growth Rates (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.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
| 2020 | 56.8% | -3.4% | -14.5% |
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Banco Santander, S.A. (SAN) Earnings Overview
As of February 28, 2026, Banco Santander, S.A. (SAN) reported trailing twelve-month net income of $13.60B, reflecting +0.2% year-over-year growth. The company earned $0.85 per diluted share over the past four quarters, with a net profit margin of 0.1%.
Looking at the long-term picture, SAN's 5-year EPS compound annual growth rate (CAGR) stands at +17.1%, indicating exceptional earnings growth. The company achieved its highest annual net income of $12.57B in fiscal 2024, representing a new all-time high.
Banco Santander, S.A. maintains positive profitability with a gross margin of 0.4%, operating margin of 0.1%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including HSBC ($17.69B net income, 0.2% margin), BBVA ($10.41B net income, 0.3% margin), BCS ($7.17B net income, 0.3% margin), SAN has room to improve margins relative to the peer group. Compare SAN vs HSBC →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
27 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonFrequently Asked Questions
Is SAN growing earnings?
SAN EPS of $0.85 reflects slowing growth at +0.2%, below the 5-year CAGR of +17.1%. TTM net income is $13.6B. Expansion rate has moderated.
What are SAN's profit margins?
Banco Santander, S.A. net margin is +0.1%, with operating margin at +0.1%. Below-average margins reflect competitive or cost pressures.
How consistent are SAN's earnings?
SAN earnings data spans 1991-2024. The current earnings trend is +0.2% YoY. Historical data enables comparison across business cycles.