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) Gross margin
Banco Santander, S.A.'s gross margin over the twelve months to 30 September 2026 was 45.2%, down 4.5 percentage points from fiscal 2025 (49.7%). Over the past ten years it has ranged from 48.1% (fiscal 2023) to 78.0% (fiscal 2021); the current reading is higher than 27% of that period. That is below the Banks Diversified industry median of 67.1% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 49.7% | 1.35 |
| FY2024 | 48.4% | 0.27 |
| FY2023 | 48.1% | (13.28) |
| FY2022 | 61.4% | (16.62) |
| FY2021 | 78.0% | 1.68 |
| FY2020 | 76.3% | 6.71 |
| FY2019 | 69.6% | (1.19) |
| FY2018 | 70.8% | 1.81 |
| FY2017 | 69.0% | 4.22 |
| FY2016 | 64.8% | (0.54) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 100.0% | 0.00 |
| Jun 2026 | 100.0% | 48.46 |
| Mar 2026 | 51.5% | 15.34 |
| Dec 2025 | 36.2% | (63.80) |
| 40 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| HSBC HSBC Holdings plc compare | 100.0% |
| BBVA Banco Bilbao Viscaya Argentaria S.A. compare | 100.0% |
| UBS UBS Group AG compare | 80.3% |
| WFC Wells Fargo & Company compare | 67.0% |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 65.5% |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 60.4% |
| BNY BNY compare | 54.7% |
| C Citigroup Inc. compare | 52.9% |
| SAN Banco Santander, S.A. | 45.2% |
| Banks Diversified industry median | 67.1% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on SAN
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement