Filing Flows › Financials › Banco Santander, S.A. (SAN)
Banco Santander, S.A. (SAN) earnings and revenue breakdown
Latest: Q3 2026 · 6-K filed Oct 28, 2026 · Banco Santander, S.A. (SAN) Q3 2026 earnings results →
Q3 2026 22¢ of every $1 of revenue kept as net profit · operating margin 30.4%
Banco Santander, S.A. made $15.9B in Q3 2026: Brazil $7.5B, US $4.7B, Openbank Europe $3.6B. Operating margin 30.4%, net earnings $3.4B. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was €15.9B in Q3 2026, up 1% from the previous quarter. Brazil was the largest line at 47% of revenue.
Operating profit was €4.8B, a 30.4% margin. Net earnings were €3.4B. The effective tax rate was 28.9%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 6-K | Oct 28, 2026 | $15.9B | — | 30.4% | $3.4B | — |
| Q2 2026 | 6-K | Jul 22, 2026 | $15.7B | — | 31.5% | $3.5B | — |
| Q1 2026 | 6-K | Apr 29, 2026 | $15.1B | 30,280× | 33.2% | $5.5B | — |
| Q4 2025 | 6-K | Feb 3, 2026 | $15.2B | — | 32.4% | $3.8B | — |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Banco Santander, S.A. against its Commercial Banks, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: 30.4% against the peers' median 38.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SAN Banco Santander, S.A. | Q3 2026 | $18.3B | — | 30.4% |
| ING ING Groep NV | H1 2026 | $13.6B | -6% | 100.0% |
| BCS Barclays | Q3 2026 | $9.9B | +3% | 31.5% |
| LYG Lloyds Banking Group | Q3 2026 | $7.3B | +12% | 42.7% |
| NWG NatWest Group | Q3 2026 | $6.2B | +7% | 48.0% |
| BBVA Banco Bilbao Vizcaya Argentaria, S.A. | Q3 2026 | $2.8B | — | 38.1% |
| PGC Peapack Gladstone Financial | Q3 2026 | $87.5M | +24% | 27.3% |
Source: Banco Santander, S.A. 6-K on SEC EDGAR · CIK 891478 · Commercial Banks, NEC
13F: who owns SAN and who is buying
More on SAN
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results