Banco Santander Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 Interest Income	42,348	159,403	148,513	110,049	39,362
Net Interest Income Growth	-73.43%	7.33%	34.95%	179.58%	23.03%
Non-Interest Income	715	29,227	28,629	31,636	24,815
Non-Interest Income Growth	-97.55%	2.09%	-9.50%	27.49%	-2.94%
Revenues Before Loan Losses	43,063	188,630	177,142	141,685	64,177
Provision for Credit Losses	-	12,644	12,956	10,863	-
Revenue	43,063	175,986	164,186	130,822	64,177
Revenue Growth (YoY)	-75.53%	7.19%	25.50%	103.85%	42.05%
Compensation Expenses	13,633	14,328	13,726	12,547	11,216
Selling, General & Admin	29,433	3,294	3,184	2,985	2,756
Other Non-Interest Expenses	3,426	4,851	3,247	2,139	2,824
Total Non-Interest Expense	46,492	22,473	20,157	17,671	16,796
Pretax Income	-3,429	19,027	16,459	15,250	14,547
Provision for Income Taxes	4,723	5,283	4,276	4,486	4,894
Net Income	15,500	13,744	12,183	10,764	9,653
Minority Interest in Earnings	665	711	613	702	432
Net Income to Common	15,500	13,744	12,183	10,764	9,653
Net Income Growth	12.78%	12.81%	13.18%	11.51%	-
Shares Outstanding (Basic)	17,033	15,498	16,172	16,848	17,272
Shares Outstanding (Diluted)	17,222	15,568	16,247	16,904	17,321
Shares Change (YoY)	10.63%	-4.18%	-3.88%	-2.41%	0.03%
EPS (Basic)	0.91	0.77	0.65	0.54	0.44
EPS (Diluted)	0.90	0.77	0.65	0.54	0.44
EPS Growth	16.73%	18.43%	21.23%	23.16%	-
Free Cash Flow	0	-15,661	16,461	36,772	66,706
Free Cash Flow Growth	-	-	-55.23%	-44.88%	-9.29%
Free Cash Flow Per Share	-	-1.01	1.01	2.18	3.85
Dividends Per Share	0.240	0.210	0.176	0.118	0.100
Dividend Growth	14.29%	19.32%	49.41%	17.80%	-21.57%
Profit Margin	32.41%	7.81%	7.42%	8.23%	15.04%
FCF Margin	0.00%	-8.90%	10.03%	28.11%	103.94%
EBITDA	0	3,294	3,184	2,985	2,756
EBITDA Margin	0.00%	1.87%	1.94%	2.28%	4.29%
Effective Tax Rate	-137.74%	27.77%	25.98%	29.42%	33.64%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.