Banco Santander, S.A.
Financial Performance
Santander Revenue & Financials
Revenue
~$52.9B (FY2025)
Market Cap
$211.5B
Net Income
~$15.2B
Employees
185,000
What is Santander's revenue?
Santander had ~$52.9B in revenue for fiscal year 2025, down 2% from 2024. Net income was ~$15.2B.
- Latest revenue
- ~$52.9B (FY2025)
- Year-over-year
- -2%
- Growth rate (CAGR)
- 4.7% over 4 years
- Peak revenue
- ~$54B (FY2024)
- Years of data
- 5
- Employees
- 185,000
- How much profit does Santander make?
- Santander reported net income of ~$15.2B for fiscal year 2025. stockanalysis.com
- How many employees does Santander have?
- Santander has about 185,000 employees.
Financial Analysis
Total income rose from about $64.4 billion (EUR 57 billion) in 2023 to ~$70.5 billion (EUR 62.4 billion) in 2025, and attributable profit grew from ~$12.5 billion (EUR 11.1 billion) to ~$15.9 billion (EUR 14.1 billion). Geographic spread smooths results: Europe, North America and South America each contribute a large share of profit. Capital is returned under a policy of distributing about 50% of profit, split between cash dividends and buybacks; the September 2026 interim cash dividend was 12.7 euro cents per share, up 10%. The 2028 plan targets RoTE above 20% and profit above ~$22.6 billion (EUR 20 billion). Banco Santander, S.A. is a colossal Spanish multinational financial services company and one of the absolute largest banks in the world, maintaining a market valuation generally exceeding $70 billion.
Revenue Trend Analysis
YoY Change
-2%
4-Year CAGR
+4.7%
Peak Year
2024
Trend
Consistent Growth
Banco Santander, S.A. has 5 full fiscal year figures on this page, compounding at +4.7% annually over 4 years. The most recent year saw a 2% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$54B. Of 4 comparable year-over-year steps, 3 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$52.9B | ~$15.2B | -2.0% | Banco Santander (BME:SAN) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2024 | ~$54B | ~$13.5B | +10.5% | Banco Santander (BME:SAN) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2023 | ~$48.9B | ~$12B | +3.1% | Banco Santander (BME:SAN) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2022 | ~$47.4B | ~$10.3B | +7.5% | Banco Santander (BME:SAN) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2021 | ~$44.1B | ~$8.5B | — | Banco Santander (BME:SAN) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2021-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
Click any row to see year details.
Keep researching Santander
Santander Revenue and Financial FAQ
What was Banco Santander's net profit performance in 2023 and 2024?
Santander achieved a historic record net attributable profit of €11.08 billion ($12.2 billion) in 2023 (up 15% year-over-year) and accelerated past €12.0 billion annualized in 2024, powered by strong customer growth and wide net interest margins.
What is Santander's Return on Tangible Equity (RoTE)?
Santander achieved an exceptional RoTE of 15.1% in 2023 and expanded toward 16.0% in 2024, ranking among the top-performing, most profitable large banks across the entire European banking sector.
How much Net Interest Income (NII) and total revenue does Santander generate?
Santander generated total group income of €57.4 billion in 2023, with Net Interest Income accounting for €43.3 billion (up 16% YoY) and net fee income contributing €12.0 billion, demonstrating robust multi-revenue generation.
What is Santander's regulatory Common Equity Tier 1 (CET1) capital ratio?
Santander maintains a fully loaded CET1 capital ratio of 12.3% to 12.5%, safely exceeding all regulatory solvency mandates set by the European Central Bank (ECB) and maintaining a fortress capital buffer.
What is Santander's shareholder capital return policy?
Santander targets a 50% shareholder payout policy on underlying profit, split equally between cash dividends and share buybacks, distributing over €5.5 billion to €6.0 billion annually to shareholders.
How much does Santander return via share buybacks?
Santander has repurchased and retired over 10% of its total outstanding shares since 2021 through multi-billion-euro share buyback tranches, driving double-digit growth in Earnings Per Share (EPS) and Tangible Net Asset Value (TNAV) per share.
What is Santander's cost of risk and loan loss provisioning?
Santander maintains a healthy, disciplined cost of risk around 1.10% to 1.18%, with non-performing loan (NPL) ratios low at ~3.1%, reflecting conservative credit underwriting across prime mortgages and commercial portfolios.
What are the largest geographic profit contributors to Santander?
Spain contributed roughly €2.4 billion, Brazil generated ~€1.9 billion, Mexico contributed ~€1.6 billion, the UK generated ~€1.5 billion, and the United States contributed ~€1.0 billion to group attributable profit in 2023.
What is the scale of Santander's total balance sheet assets and customer deposits?
Santander holds total balance sheet assets of over €1.80 trillion, with customer deposits exceeding €1.05 trillion and customer gross loans and advances exceeding €1.03 trillion.
What is Santander's efficiency ratio compared to European peers?
Santander operates with a cost-to-income efficiency ratio of 44.1%, significantly superior to the European banking peer average (~55%), reflecting deep digital automation and unified global technology platforms.
How did Santander perform during the 2023 US/Swiss banking crisis (SVB, Credit Suisse)?
During the March 2023 banking panic, Santander saw zero deposit outflows; in fact, its transatlantic diversified retail franchise attracted billions in safe-haven customer deposit inflows across Europe and the Americas.
What are Santander's medium-term financial targets set at Investor Day?
Santander committed to delivering a Return on Tangible Equity (RoTE) above 15% to 17%, maintaining a CET1 ratio above 12%, achieving an efficiency ratio under 42%, and compounding double-digit growth in TNAV per share plus dividends.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Santander Revenue & Financials." CorpDigest, https://corpdigest.com/company/santander/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Santander reported ~$52.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/santander/financials" target="_blank" rel="noopener">CorpDigest — Santander financials</a></div>Related Financial Audits
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