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

11.84 0.17 −1.42%
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

Banco Santander, S.A. (SAN) Return on equity

Alert me on Return on equity

Banco Santander, S.A.'s return on equity over the twelve months to 30 September 2026 was 14.2%, up 1.1 percentage points from fiscal 2025 (13.1%). Over the past ten years it has ranged from −9.33% (fiscal 2020) to 13.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Banks Diversified industry median of 11.0% and above the Financial sector median of 9.01%.

Return on equity, annual

Embed this chart

Annual newest first

Period Return on equity Change (points)
FY2025 13.1% 1.79
FY2024 11.3% 0.68
FY2023 10.6% 1.83
FY2022 8.79% 0.02
FY2021 8.77% 18.10
FY2020 −9.33% (14.62)
FY2019 5.29% (1.63)
FY2018 6.92% 0.92
FY2017 6.00% 0.18
FY2016 5.82% 0.30

Against its own ten years

Low −9.33% High 13.1%
Ten-year median 6.92%
Current reading's percentile 100

Return on equity against peers

Company Return on equity
BBVA Banco Bilbao Viscaya Argentaria S.A. compare 18.1%
BNY BNY compare 15.9%
SAN Banco Santander, S.A. 14.2%
WFC Wells Fargo & Company compare 13.4%
UBS UBS Group AG compare 10.9%
MUFG Mitsubishi UFJ Financial Group, Inc. compare 10.1%
SMFG Sumitomo Mitsui Financial Group Inc compare 9.85%
C Citigroup Inc. compare 9.40%
HSBC HSBC Holdings plc compare 0.00%
Banks Diversified industry median 11.0%
Financial sector median 9.01%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on SAN