Filing Flows › Banco Santander, S.A. (SAN) › Q4 2025
Banco Santander, S.A. (SAN) Q4 2025 earnings results (fourth quarter 2025)
6-K filed Feb 3, 2026
Banco Santander, S.A. (SAN) reported revenue of $15.2B for the fourth quarter 2025 (Q4 2025). Operating margin was 32.4%, net earnings $3.8B (24.8% of revenue).
Revenue$15.2B
Year over year—
Quarter over quarter—
Operating margin32.4%
Net earnings$3.8B
Banco Santander, S.A., Q4 2025: revenue $15.2B, operating margin 32.4%, net earnings $3.8B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.2B | — | — |
| Operating profit | $4.9B | — | — |
| Net earnings | $3.8B | — | — |
What changed
Revenue was €15.2B in Q4 2025. US was the largest line at 39% of revenue.
Operating profit was €4.9B, a 32.4% margin. Net earnings were €3.8B. The effective tax rate was 23.5%.
Questions
What was Banco Santander, S.A.'s revenue in the fourth quarter 2025?
Banco Santander, S.A.
Was Banco Santander, S.A. profitable in the fourth quarter 2025?
Operating profit was $4.9B (32.4% of revenue) and net earnings $3.8B.