Filing Flows › Banco Santander, S.A. (SAN) › Q3 2025
Banco Santander, S.A. (SAN) Q3 2025 earnings results (third quarter 2025)
6-K filed Oct 29, 2025
Banco Santander, S.A. (SAN) reported revenue of $14.3B for the third quarter 2025 (Q3 2025) and -1% from the quarter before. Operating margin was 32.5%, net earnings $3.5B (24.5% of revenue).
Revenue$14.3B
Year over year—
Quarter over quarter-1%
Operating margin32.5%
Net earnings$3.5B
Banco Santander, S.A., Q3 2025: revenue $14.3B, operating margin 32.5%, net earnings $3.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.3B | -1% | — |
| Operating profit | $4.7B | +5% | — |
| Net earnings | $3.5B | +2% | — |
What changed
Revenue was €14.3B in Q3 2025, down 1% from the previous quarter. Spain was the largest line at 38% of revenue.
Operating profit was €4.7B, a 32.5% margin. Net earnings were €3.5B. The effective tax rate was 24.8%.
Questions
What was Banco Santander, S.A.'s revenue in the third quarter 2025?
Banco Santander, S.A.
Was Banco Santander, S.A. profitable in the third quarter 2025?
Operating profit was $4.7B (32.5% of revenue) and net earnings $3.5B.