Filing Flows › Banco Santander, S.A. (SAN) › Q1 2026
Banco Santander, S.A. (SAN) Q1 2026 earnings results (first quarter 2026)
6-K filed Apr 29, 2026
Banco Santander, S.A. (SAN) reported revenue of $15.1B for the first quarter 2026 (Q1 2026), up 30,280-fold from a year earlier and -0.2% from the quarter before. Operating margin was 33.2%, net earnings $5.5B (36.0% of revenue).
Banco Santander, S.A., Q1 2026: revenue $15.1B (30,280× year over year), operating margin 33.2%, net earnings $5.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.1B | -0.2% | 30,280× |
| Operating profit | $5.0B | +2% | 2,286× |
| Net earnings | $5.5B | +45% | 121× |
What changed
Revenue was €15.1B in Q1 2026, up 3027900% year over year and roughly flat from the previous quarter.
Operating profit was €5.0B, a 33.2% margin (down 406.8 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, below the 440% margin then. Net earnings were €5.5B, up 12049% year over year. The effective tax rate was -8.5%.
Questions
What was Banco Santander, S.A.'s revenue in the first quarter 2026?
Banco Santander, S.A.
Was Banco Santander, S.A. profitable in the first quarter 2026?
Operating profit was $5.0B (33.2% of revenue) and net earnings $5.5B.