Filing Flows › Banco Santander, S.A. (SAN) › Q3 2025 › vs Q2 2025
Banco Santander, S.A. (SAN) Q3 2025 vs Q2 2025 (quarter over quarter)
Banco Santander, S.A.'s revenue fell $178M (-1%) from $14.5B in Q2 2025 to $14.3B in Q3 2025. Operating margin 32.5% against 30.4% (+2.1 pts).
Banco Santander, S.A., Q3 2025: revenue $14.3B, operating margin 32.5%, net earnings $3.5B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q3 2025 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 32.5% | 30.4% | +2.1 pts |
| Net margin | 24.5% | 23.7% | +0.8 pts |
Every line
| Line | Q3 2025 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $14.3B | $14.5B | −$178M | -1% |
| Operating profit | $4.7B | $4.4B | $242M | +5% |
| Costs & expenses | $9.7B | $10.1B | −$420M | -4% |
| Pre-tax earnings | $4.7B | $4.4B | $242M | +5% |
| Net earnings | $3.5B | $3.4B | $73.0M | +2% |
| Income tax | $1.2B | $984M | $169M | +17% |
Questions
How much did Banco Santander, S.A.'s revenue grow quarter over quarter in Q3 2025?
Banco Santander, S.A.'s revenue fell $178M (-1%) from $14.5B in Q2 2025 to $14.3B in Q3 2025. Operating margin 32.5% against 30.4% (+2.1 pts).