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Friday 6 November 2026 Export SAN’s income statement to Excel — free account

Banco 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

11.83 0.18 −1.50%
Market cap
$174.7B
P/E
9.8×
Fwd P/E
9.4×
Dividend yield
2.41%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Banco Santander, S.A. (SAN) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Banco Santander, S.A. (SAN) trades at a P/E ratio of 9.8×. Over the past ten years it has ranged from 0.0× (June 2021) to 17.0× (January 2018); the current reading is higher than 55% of that period. That is below the Banks Diversified industry median of 11.7× and below the Financial sector median of 12.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 11.5× 94.19%
FY2024 5.9× (0.59%)
FY2023 6.0× 15.17%
FY2022 5.2× (19.82%)
FY2021 6.5× —
FY2020 0.0× —
FY2019 7.8× (9.20%)
FY2018 8.6× (42.02%)
FY2017 14.8× 20.65%
FY2016 12.3× 16.42%

Quarterly newest first

Period P/E ratio Change
Sep 2026 11.2× 1.03%
Jun 2026 11.1× 20.37%
Mar 2026 9.2× (19.60%)
Dec 2025 11.5× 5.34%
40 more quarters

Against its own ten years

Low 0.0× High 17.0×
Ten-year median 9.3×
Current reading's percentile 56

P/E ratio against peers

Company P/E ratio
SMFG Sumitomo Mitsui Financial Group Inc compare 8.9×
SAN Banco Santander, S.A. 9.8×
BBVA Banco Bilbao Viscaya Argentaria S.A. compare 10.9×
HSBC HSBC Holdings plc compare 11.6×
C Citigroup Inc. compare 11.6×
WFC Wells Fargo & Company compare 11.9×
UBS UBS Group AG compare 15.4×
BNY BNY compare 16.2×
MUFG Mitsubishi UFJ Financial Group, Inc. compare 16.5×
Banks Diversified industry median 11.7×
Financial sector median 12.2×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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