stockrowBanco Santander, S.A.
SAN Financial Banks Diversified
Banco Santander, S.A.’s revenue for fiscal 2025 (year ended December 2025) was $133.5 billion, down 3.54% from fiscal 2024.
- Revenue
- −73.3%
- EPS
- −3.70%
- Free cash flow
- +381.0%
Quarter to September 2026, against a year earlier
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Banco Santander, S.A. (SAN) Debt to equity
Banco Santander, S.A.'s debt to equity at the end of the quarter to 30 September 2026 was 14.0×, up 10.9× from fiscal 2025 (3.1×). Over the past ten years it has ranged from 2.8× (fiscal 2021) to 10.1× (fiscal 2016); the current reading is higher than 18% of that period. That is above the Banks Diversified industry median of 1.1× and above the Financial sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 3.1× | (23.89%) |
| FY2024 | 4.1× | (2.38%) |
| FY2023 | 4.2× | (3.77%) |
| FY2022 | 4.4× | 56.24% |
| FY2021 | 2.8× | (42.43%) |
| FY2020 | 4.9× | 30.51% |
| FY2019 | 3.7× | (7.35%) |
| FY2018 | 4.0× | 6.06% |
| FY2017 | 3.8× | (62.12%) |
| FY2016 | 10.1× | 149.16% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 14.0× | 259.90% |
| Jun 2026 | 3.9× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 3.1× | — |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| BBVA Banco Bilbao Viscaya Argentaria S.A. compare | 0.0× |
| HSBC HSBC Holdings plc compare | 0.5× |
| BNY BNY compare | 0.8× |
| WFC Wells Fargo & Company compare | 1.0× |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 1.1× |
| C Citigroup Inc. compare | 1.6× |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 1.7× |
| UBS UBS Group AG compare | 3.7× |
| SAN Banco Santander, S.A. | 14.0× |
| Banks Diversified industry median | 1.1× |
| Financial sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on SAN
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement