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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/S ratio

Alert me on P/S ratio

As of 5 November 2026, Banco Santander, S.A. (SAN) trades at a P/S ratio of 1.5×. Over the past ten years it has ranged from 0.5× (March 2020) to 12.5× (July 2018); the current reading is higher than 69% of that period. That is below the Banks Diversified industry median of 2.6× and below the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 1.3× 142.34%
FY2024 0.5× 3.43%
FY2023 0.5× (7.63%)
FY2022 0.6× (34.84%)
FY2021 0.9× (14.88%)
FY2020 1.0× 10.31%
FY2019 0.9× 1.67%
FY2018 0.9× (29.72%)
FY2017 1.3× 25.68%
FY2016 1.0× (49.17%)

Quarterly newest first

Period P/S ratio Change
Sep 2026 1.7× 16.87%
Jun 2026 1.4× 18.21%
Mar 2026 1.2× (7.23%)
Dec 2025 1.3× (52.14%)
40 more quarters

Against its own ten years

Low 0.5× High 12.5×
Ten-year median 1.1×
Current reading's percentile 75

P/S ratio against peers

Company P/S ratio
C Citigroup Inc. compare 1.3×
SAN Banco Santander, S.A. 1.5×
WFC Wells Fargo & Company compare 2.0×
UBS UBS Group AG compare 2.5×
BNY BNY compare 2.5×
SMFG Sumitomo Mitsui Financial Group Inc compare 2.6×
BBVA Banco Bilbao Viscaya Argentaria S.A. compare 3.0×
MUFG Mitsubishi UFJ Financial Group, Inc. compare 3.1×
HSBC HSBC Holdings plc compare 7.5×
Banks Diversified industry median 2.6×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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