Banco Santander, S.A. (BME:SAN)
Spain · Delayed Price · Currency is EUR 10.39
+0.27 (2.65%)
Nov 2, 2026, 5:44 PM CET
Banco Santander Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 16,169 | 14,101 | 12,574 | 11,076 | 9,605 | 8,124 |
Depreciation & Amortization | 1,495 | 1,463 | 1,633 | 1,792 | 1,961 | 1,834 |
Other Amortization | 1,715 | 1,715 | 1,546 | 1,294 | 1,024 | 922 |
Change in Trading Asset Securities | -57,020 | -19,189 | -70,835 | -14,736 | -1,396 | 39,834 |
Change in Other Net Operating Assets | 24,566 | -37,539 | 10,455 | -14,166 | -134 | -10,147 |
Other Operating Activities | 18,983 | 24,614 | 20,472 | 19,755 | 16,646 | 16,124 |
Operating Cash Flow | 5,908 | -14,835 | -24,155 | 5,015 | 27,706 | 56,691 |
Operating Cash Flow Growth | -61.02% | - | - | -81.90% | -51.13% | -14.30% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -5,859 | -5,854 | -8,494 | -11,446 | -9,066 | -10,015 |
Sale of Property, Plant and Equipment | 13,861 | 7,656 | 6,954 | 7,991 | 6,611 | 7,276 |
Cash Acquisitions | -10,268 | -187 | -71 | -1,274 | -784 | -140 |
Investment in Securities | 252 | 670 | -5 | 675 | 381 | 546 |
Divestitures | 8,041 | 54 | 8 | 885 | 734 | 6 |
Purchase / Sale of Intangibles | -1,639 | -1,805 | -2,104 | -2,197 | -1,774 | -1,388 |
Other Investing Activities | -2,515 | - | - | - | - | - |
Investing Cash Flow | 1,873 | 534 | -3,712 | -5,366 | -3,898 | -3,715 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 2,287 | 7,001 | 7,007 | 119 | 5,340 |
Long-Term Debt Repaid | - | -8,822 | -4,096 | -2,931 | -2,291 | -2,684 |
Net Debt Issued (Repaid) | -1,244 | -6,535 | 2,905 | 4,076 | -2,172 | 2,656 |
Issuance of Common Stock | 1,218 | 815 | 765 | 825 | 573 | 854 |
Repurchase of Common Stock | -8,923 | -4,081 | -4,789 | -3,109 | -2,050 | -1,645 |
Common Dividends Paid | -157 | - | - | - | - | - |
Total Dividends Paid | -3,498 | -3,341 | -3,017 | -2,261 | -1,848 | -1,313 |
Other Financing Activities | -620 | -1,061 | -1,374 | -1,589 | -4,467 | -1,874 |
Financing Cash Flow | -13,067 | -14,203 | -5,510 | -2,058 | -9,964 | -1,322 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 2,415 | -8,908 | 5,243 | -322 | -1,460 | 5,196 |
Net Cash Flow | -2,871 | -37,412 | -28,134 | -2,731 | 12,384 | 56,850 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 49 | -20,689 | -32,649 | -6,431 | 18,640 | 46,676 |
Free Cash Flow Growth | -99.42% | - | - | - | -60.07% | -20.57% |
Free Cash Flow Margin | 0.10% | -44.17% | -68.29% | -14.87% | 44.44% | 119.66% |
Free Cash Flow Per Share | 0.00 | -1.38 | -2.10 | -0.40 | 1.10 | 2.69 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 57,737 | 57,737 | 61,091 | 50,954 | 23,390 | - |
Cash Income Tax Paid | 6,267 | 4,954 | 5,880 | 5,214 | 5,498 | 4,012 |