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Banco Bilbao Viscaya Argentaria S.A.

BBVA Financial Banks Diversified

Banco Bilbao Viscaya Argentaria S.A.’s revenue for fiscal 2025 (year ended December 2025) was $41.8 billion, up 8.82% from fiscal 2024.

Revenue
+23.5%
EPS
+19.2%
Free cash flow
+439.4%

Quarter to June 2026, against a year earlier

23.44 1.01 −4.13%
Market cap
$132.9B
P/E
10.6×
Fwd P/E
7.7×
Dividend yield
6.36%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 6.01%

Capital & Financial Ratios $m

Size
Market Cap 132,860.00
Revenue ttm 46,755.66
Net income ttm 13,527.58
Free cash flow ttm 36,808.50
Net debt Q (122,949.70)
Valuation
P/E 10.64
Forward P/E 7.66
Price / sales 2.89
Forward P/S Powerpack
Price / FCF 3.67
Price / book 1.82
Financial health
Current ratio Q 1.06
Debt / equity Q 1.77
Interest coverage Q —
Growth
Revenue growth Q +23.54% (above 0%: growing)
Operating income growth Q +22.74% (above 0%: growing)
EPS, this year +12.05%
EPS, next year A +13.97%
Revenue, next year A −7.87% (below 0%: weak)
EPS, past 5 yrs +65.56% (at or above 15%: strong)
EPS, next 5 yrs A +12.15%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 63.24%
10-year low 10-year high
P/S against its own 10 years 90.78%
10-year low 10-year high
P/B against its own 10 years 93.21%
10-year low 10-year high

Dividends raised 5 years running

Yield
6.36%
Annual rate
1.49
Payout ratio
67.7%
Growth, 2017–26
+14.4%/yr
  1. 0.33 ’17
  2. 0.30 ’18 −10%
  3. 0.29 ’19 −3%
  4. 0.17 ’20 −40%
  5. 0.16 ’21 −6%
  6. 0.37 ’22 +123%
  7. 0.51 ’23 +39%
  8. 0.73 ’24 +44%
  9. 0.83 ’25 +13%
  10. 1.12 ’26 +35%
paid

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 234,271 173,237 205,940 254,294
Receivables — — — —
Inventory — — — —
Other — — — —
669,649 173,237 205,940 898,342
2023 2024 2025 Q'26
Payables 512,832 632,313 745,139 694,597
ST’ Debt — — — —
Other 146,126 109,880 124,832 154,829
659,908 742,815 871,645 851,385

Compound Annual Growth %

10y 5y 3y
Sales 4.88% 9.75% 16.80%
Cash Flow (4.07%) (17.74%) (12.16%)
Earnings 14.58% 50.32% 17.94%
Book Value 1.28% 4.12% 9.45%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.62 Actual 0.61

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.50 0.50 Met by 0.00
Mar 2026 0.57 0.60 Beat by 0.03
Jun 2026 0.59 0.63 Beat by 0.04
Sep 2026 0.62 0.61 Miss by 0.01
Dec 2026 0.55 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.60 0.62 — — —
’25 0.47 0.52 0.49 0.49 1.99
’24 0.39 0.51 0.48 0.43 1.82
’23 0.31 0.36 0.36 0.36 1.40
’22 0.27 0.27 0.28 0.25 1.04
’21 0.21 0.11 0.24 0.23 0.79
’20 (0.32) 0.09 0.19 0.21 0.16
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 12,467 12,215 — — —
’25 9,822 9,888 10,641 11,433 41,783
’24 8,923 9,935 9,585 9,951 38,395
’23 7,469 7,839 8,660 8,005 31,973
’22 7,259 6,486 6,905 5,573 26,223
’21 6,214 6,150 6,285 6,275 24,923
’20 7,152 6,123 6,619 6,349 26,243
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (11,423) 26,522 — — —
’25 165 (7,213) 19,861 4,121 16,935
’24 (210) (28,972) 16,547 (7,049) (19,683)
’23 932 (8,181) (4,672) 12,073 (780)
’22 3,764 21,796 29,950 24,989 24,989
’21 (10,814) (1,648) 15,300 (1,469) (1,469)
’20 — 30,119 24,954 44,948 44,948
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (11,938) 25,954 — — —
’25 (159) (7,648) 19,329 3,464 14,985
’24 (651) (29,480) 15,993 (7,608) (21,747)
’23 932 (9,021) (5,408) 11,779 (2,649)
’22 3,764 19,967 29,950 22,447 22,447
’21 (10,963) (1,814) 15,300 (2,496) (2,496)
’20 — 29,825 24,954 44,303 44,303
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 27,281 28,563 28,046 27,486 26,243 24,923 26,223 31,973 38,395 41,783 46,756 +4.9% — — — —
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 7,073 7,834 9,975 7,166 5,969 9,749 11,052 13,441 16,670 18,359 20,328 +11.2%
EBT margin, % 25.93 27.43 35.57 26.07 22.74 39.12 42.15 42.04 43.42 43.94 43.48 +18.0 pt
Net income 5,193 5,382 7,264 4,866 2,353 6,647 7,193 9,109 11,443 12,588 13,528 +10.3%
Per share, $
Per share, $ Revenue 3.93 4.30 4.21 3.68 2.82 3.59 4.24 5.37 6.66 7.27 8.09 +7.1%
Earnings 0.55 0.54 0.88 0.53 0.16 0.79 1.04 1.40 1.82 1.99 2.20 +15.4%
Cash flow 1.05 0.35 1.53 (1.23) 4.82 (0.21) 4.04 (0.13) (3.41) 2.95 6.76 +12.1%
Capex (0.18) (0.14) (0.14) (0.19) (0.07) (0.15) (0.41) (0.31) (0.36) (0.34) (0.39) +7.0%
Free cash flow 0.87 0.21 1.40 (1.42) 4.75 (0.36) 3.63 (0.44) (3.77) 2.61 6.37 +13.0%
Book value 8.83 9.07 9.36 8.23 6.13 8.31 8.62 10.05 11.26 12.16 12.84 +3.6%
Shares, m 6,950 6,642 6,668 7,472 9,323 6,945 6,189 5,954 5,769 5,748 5,853 (2.1%)
Valuation, ×
Valuation, × P/E 12.32 13.56 6.15 10.73 29.06 7.43 5.77 6.62 5.37 11.83 10.64 10.9
P/S 1.76 2.19 1.26 1.52 1.75 1.64 1.46 1.71 1.46 3.21 2.89 1.8
P/B 0.78 0.95 0.57 0.68 0.81 0.71 0.72 0.92 0.86 1.92 1.82 0.9
EV/Sales 0.19 0.82 (1.85) (1.87) (3.12) (4.80) (3.97) (3.29) (0.97) 0.23 — (1.9)
EV/FCF 0.86 2.71 20.21 1.56 (0.94) 193.34 (1.39) 24.68 1.71 0.64 — 24.3
Cash, $m
Cash, $m Operating cash flow 7,329 2,323 10,232 (9,200) 44,948 (1,469) 24,989 (780) (19,683) 16,935 39,081 +9.8%
Capex (1,286) (930) (902) (1,402) (645) (1,027) (2,542) (1,869) (2,064) (1,949) (2,272) +4.7%
Free cash flow 6,043 1,393 9,330 (10,602) 44,303 (2,496) 22,447 (2,649) (21,747) 14,985 36,809 +10.6%
Balance, $m
Balance, $m Working capital 25,420 24,221 51,665 52,315 (24,465) (2,953) 2,278 9,742 (569,579) (665,706) 46,957 n/m
Net debt (42,730) (49,123) (102,984) (92,991) (127,934) (160,344) (142,234) (159,910) (97,634) (113,344) (122,950) +11.4%
Shareholders’ equity 61,337 60,271 62,444 61,516 57,138 57,688 53,328 59,813 64,941 69,918 74,171 +1.5%
Returns, %
Returns, % ROA 0.47 0.50 0.80 0.50 0.18 0.68 0.91 1.09 1.30 1.27 1.25 +0.8 pt
ROIC 37.89 74.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (37.9) pt
ROE 6.26 6.54 10.25 6.35 2.51 9.59 12.57 15.34 17.44 16.97 17.50 +10.7 pt
People
People Employees 134,792 131,856 125,627 126,973 123,174 110,432 115,675 121,486 125,916 127,174 — (0.6%)
Revenue/emp, $m 0.20 0.22 0.22 0.22 0.21 0.23 0.23 0.26 0.30 0.33 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Banco Bilbao Viscaya Argentaria S.A. vs peers in Banks Diversified (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MUFG Mitsubishi UFJ Financial Group, Inc. $247.0B 16.8× — +21.62% (above 0%: growing) +32.35% (above 0%: growing) −145.30% (below 0%: shrinking) 61.56% 0.00% Compare
C Citigroup Inc. $211.0B 11.9× 10.8× +4.08% (above 0%: growing) +52.35% (above 0%: growing) +33.24% (above 0%: growing) 52.26% 0.00% Compare
SAN Banco Santander, S.A. $170.9B 9.0× 9.4× +4.44% (above 0%: growing) +8.00% (above 0%: growing) −105.65% (below 0%: shrinking) 100.00% 0.00% Compare
SMFG Sumitomo Mitsui Financial Group Inc $155.8B 9.1× — +17.73% (above 0%: growing) +85.19% (above 0%: growing) −63.80% (below 0%: shrinking) 58.44% 0.00% Compare
UBS UBS Group AG $147.4B 15.5× 13.8× −40.29% (below 0%: shrinking) +21.33% (above 0%: growing) −53.01% (below 0%: shrinking) 100.00% 0.00% Compare
BBVA Banco Bilbao Viscaya Argentaria S.A. $132.9B 10.6× 7.7× +23.54% (above 0%: growing) +19.23% (above 0%: growing) +439.38% (above 0%: growing) 100.00% 0.00%
BNY BNY $101.4B 15.9× 15.8× −4.67% (below 0%: shrinking) +30.67% (above 0%: growing) +7.45% (above 0%: growing) 57.04% 0.00% Compare
ING ING Group, N.V. $90.7B 13.3× 6.6× +29.83% (above 0%: growing) +14.75% (above 0%: growing) −26.97% (below 0%: shrinking) 100.00% 0.00% Compare
BCS Barclays PLC $76.9B 8.3× 8.0× +16.58% (above 0%: growing) +45.16% (above 0%: growing) −13.85% (below 0%: shrinking) 100.00% 0.00% Compare
Median of peers $151.6B 12.6× 10.1× +10.51% +31.51% −39.99% 80.78% 0.00%

All 15 Banks Diversified stocks →

Banco Bilbao Viscaya Argentaria S.A. (BBVA) Latest News

29 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 3 · · Associated Press

20 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

19 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · power-technology.com

7 Oct

Impact 4 · · privatebankerinternational.com
Impact 3 · · Business Wire

6 Oct

Impact 4 · · MarketBeat

1 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

25 Sep

Impact 4 · · MarketBeat

28 Aug

Impact 3 · · MarketBeat transcript

30 Jul

Impact 4 · transcript
Impact 4 · · dpa-international.com
Impact 3 · · MarketBeat

17 Jul

Impact 3 ·

16 Jul

Impact 3 · · MarketBeat

9 Jul

Impact 3 · · euronews.com

9 Jun

Impact 3 · · Zacks

1 Jun

Impact 3 · · retailbankerinternational.com

20 May

Impact 3 · · Reuters

15 May

Impact 3 · · Simply Wall St.

12 May

Impact 4 · · Reuters

6 May

Impact 4 · · GlobeNewswire

5 May

Impact 4 · · Simply Wall St.

30 Apr

Impact 3 · · MarketBeat

18 Apr

Impact 3 · · Simply Wall St.
stockrow.com/BBVA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com