Banco Santander, S.A. (SAN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	90.2B	119.9B	129.9B	121.9B	87.0B
Cost of Revenue	43.1B	71.9B	78.7B	74.9B	43.7B
Gross Profit	47.1B	48.0B	51.2B	47.0B	43.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	18.7B	21.5B	22.2B	21.7B	20.4B
General & Admin Expense	18.5B	21.5B	21.6B	21.1B	19.8B
Selling & Marketing Expense	121.0M	—	540.0M	603.0M	559.0M
Other Expenses	9.7B	7.8B	10.0B	8.8B	7.8B
Total Operating Expenses	28.4B	29.3B	32.2B	30.5B	28.1B
Cost and Expenses	71.5B	101.2B	110.9B	105.4B	71.8B
Operating Income (EBIT)	18.8B	18.7B	19.0B	16.5B	15.3B
Non-Operating
Interest Income	73.0B	101.7B	112.7B	105.3B	71.4B
Interest Expense	29.9B	59.4B	66.1B	62.0B	32.8B
Net Interest Income	43.1B	42.3B	46.7B	43.3B	38.6B
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	18.8B	18.7B	19.0B	16.5B	15.3B
Income Tax Expense	4.6B	4.7B	5.3B	4.3B	4.5B
Bottom Line
Net Income	15.8B	14.1B	12.6B	11.1B	9.6B
Earnings from Cont. Ops	14.1B	14.0B	13.7B	12.2B	10.8B
Earnings from Discont. Ops	2.6B	1.5B	—	—	—
Bottom Line Net Income	15.8B	14.1B	12.0B	10.6B	9.1B
Per Share
Basic EPS	$1.05	$0.88	$0.77	$0.65	$0.54
Diluted EPS	$1.03	$0.87	$0.77	$0.65	$0.54
Revenue Per Share	$6.15	$7.74	$8.38	$7.54	$5.17
Shares
Basic Shares Outstanding	14.7B	15.5B	15.5B	16.2B	16.8B
Diluted Shares Outstanding	14.7B	15.9B	15.6B	16.2B	16.9B
Profitability Metrics
EBITDA	21.0B	21.9B	22.3B	19.6B	18.2B
D&A	2.3B	3.2B	3.3B	3.2B	3.0B
EBIT	18.8B	18.7B	19.0B	16.5B	15.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026