Banco Santander SA (SAN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	110.9B	119.9B	129.9B	121.9B	87.0B
Cost of Revenue	60.9B	71.9B	78.7B	74.9B	43.7B
Gross Profit	50.0B	48.0B	51.2B	47.0B	43.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	17.8B	21.5B	22.2B	21.7B	20.4B
General & Admin Expense	17.6B	21.5B	21.6B	21.1B	19.8B
Selling & Marketing Expense	121.0M	—	540.0M	603.0M	559.0M
Other Expenses	12.9B	7.8B	10.0B	8.8B	7.8B
Total Operating Expenses	30.6B	29.3B	32.2B	30.5B	28.1B
Cost and Expenses	91.5B	101.2B	110.9B	105.4B	71.8B
Operating Income (EBIT)	19.6B	18.7B	19.0B	16.5B	15.3B
Non-Operating
Interest Income	92.2B	101.7B	112.7B	105.3B	71.4B
Interest Expense	46.0B	59.4B	66.1B	62.0B	32.8B
Net Interest Income	46.1B	42.3B	46.7B	43.3B	38.6B
Other Non-Op Income/Expense	(244.8M)	—	—	—	—
Non-Operating Income (excl Interest)	244.8M	—	—	—	—
EBT (Pre-Tax Income)	19.4B	18.7B	19.0B	16.5B	15.3B
Income Tax Expense	4.8B	4.7B	5.3B	4.3B	4.5B
Bottom Line
Net Income	16.2B	14.1B	12.6B	11.1B	9.6B
Earnings from Cont. Ops	14.5B	14.0B	13.7B	12.2B	10.8B
Earnings from Discont. Ops	2.3B	1.5B	—	—	—
Bottom Line Net Income	16.2B	14.1B	12.0B	10.6B	9.1B
Per Share
Basic EPS	$1.08	$0.88	$0.77	$0.65	$0.54
Diluted EPS	$1.04	$0.87	$0.77	$0.65	$0.54
Revenue Per Share	$7.62	$7.74	$8.38	$7.54	$5.17
Shares
Basic Shares Outstanding	14.5B	15.5B	15.5B	16.2B	16.8B
Diluted Shares Outstanding	16.9B	15.9B	15.6B	16.2B	16.9B
Profitability Metrics
EBITDA	20.9B	21.9B	22.3B	19.6B	18.2B
D&A	1.6B	3.2B	3.3B	3.2B	3.0B
EBIT	19.4B	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 Sep 1, 2026