Filing Flows › Banco Santander, S.A. (SAN) › How it makes money
How Banco Santander, S.A. (SAN) makes money
Banco Santander, S.A. (SAN) made $15.9B of revenue in the third quarter 2026 (Q3 2026). Brazil brought in $7.5B (47%); US brought in $4.7B (30%); Openbank Europe brought in $3.6B (23%). Of every dollar of revenue, 30¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Brazil | $7.5B | 47.4% | — | — |
| US | $4.7B | 29.7% | — | — |
| Openbank Europe | $3.6B | 22.9% | — | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $15.9B | 100.0% |
| Operating profit | $4.8B | 30.4% |
| Income tax | $1.4B | 8.8% |
| Net earnings | $3.4B | 21.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $15.9B | — |
| Q2 2026 | $15.7B | — |
| Q1 2026 | $15.1B | 30,280× |
| Q4 2025 | $15.2B | — |
From Banco Santander, S.A.'s 6-K filed Oct 28, 2026 (on EDGAR).
Questions
How does Banco Santander, S.A. make money?
Banco Santander, S.A. (SAN) made $15.9B of revenue in the third quarter 2026 (Q3 2026). Brazil brought in $7.5B (47%); US brought in $4.7B (30%); Openbank Europe brought in $3.6B (23%). Of every dollar of revenue, 30¢ was left as operating profit, 22¢ was left as net earnings.
What is Banco Santander, S.A.'s biggest business?
Brazil: $7.5B in the third quarter 2026, 47% of revenue.
What is Banco Santander, S.A.'s profit margin?
Net earnings were $3.4B, 21.6% of revenue, in the third quarter 2026; the operating margin was 30.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.