Santander's Q1 2025 results reflect a strong performance with record profit growth, solid capital position, and improved efficiency. The bank successfully navigates challenges in Argentina and Brazil while maintaining robust growth in retail and consumer segments. The strategic focus on buybacks and capital distribution further underlines confidence in sustained profitability.

Company Guidance -

Q3 2025

In the Santander Q1 2025 results call, the bank reported robust financial performance, with a record profit of €3.4 billion, marking a 19% increase from Q1 2024. The bank's profitability improved, as evidenced by a 15.8% return on tangible equity (ROTE) and a strong CET1 capital ratio of 12.9%. Santander has set a target to distribute up to €10 billion to shareholders through share buybacks over 2025 and 2026, subject to regulatory approvals. The call highlighted double-digit fee growth across all business segments and a 7% increase in net operating income. The bank also recorded a notable improvement in its efficiency ratio, which declined by approximately 1.5 percentage points year-on-year, and showcased a 14.5% rise in dividend per share. Despite challenges in certain markets like Argentina, the bank reiterated its guidance, expecting to maintain lower costs in euros throughout 2025. The diversified nature of Santander's business model, combining geographical and business diversification, was emphasized as a stabilizing factor in volatile environments, supporting consistent profitable growth.

Record Profit Growth

Santander achieved a record profit of €3.4 billion in Q1 2025, marking a 19% increase compared to Q1 2024, with all business segments contributing to growth.

Strong Capital Position

Santander's CET1 ratio improved to 12.9%, and the bank is on track to reach its 13% target for 2025, demonstrating robust capital generation and disciplined allocation.

Efficiency Improvements

Efficiency ratio improved by around 1 point, with a significant contribution from One Transformation initiatives, helping to reduce costs and improve operational leverage.

Positive Retail and Consumer Performance

Retail and Consumer segments showed strong performance with 8% revenue growth, supported by higher net interest income and fee income.

Successful Share Buyback Program

Santander plans to distribute up to €10 billion to shareholders through share buybacks for '25/'26, demonstrating confidence in the group's profitability and value creation.

Banco Santander (ES:SAN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ES:SAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.21 / -	0.2	―	―	―
Jul 30, 2025	2025 (Q2)	0.22 / 0.22	0.2	10.00% (+0.02)	―	―
Apr 30, 2025	2025 (Q1)	0.20 / 0.21	0.17	23.53% (+0.04)	―	―
Feb 05, 2025	2024 (Q4)	0.17 / 0.20	0.18	11.11% (+0.02)	―	―
Oct 29, 2024	2024 (Q3)	0.20 / 0.20	0.17	17.65% (+0.03)	―	―
Jul 24, 2024	2024 (Q2)	0.19 / 0.20	0.16	25.00% (+0.04)	―	―
Apr 30, 2024	2024 (Q1)	0.18 / 0.17	0.15	13.33% (+0.02)	―	―
Jan 31, 2024	2023 (Q4)	0.15 / 0.18	0.13	38.46% (+0.05)	―	―
Oct 25, 2023	2023 (Q3)	0.17 / 0.17	0.137	24.09% (+0.03)	―	―
Jul 26, 2023	2023 (Q2)	0.15 / 0.16	0.131	22.14% (+0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ES:SAN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	€7.72	€7.69	-0.30%
Apr 30, 2025	€6.43	€6.18	-3.90%
Feb 05, 2025	€4.92	€5.33	+8.29%
Oct 29, 2024	€4.49	€4.35	-3.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Banco Santander SA (UK) (ES:SAN) report earnings?

Banco Santander SA (UK) (ES:SAN) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is Banco Santander SA (UK) (ES:SAN) earnings time?

Banco Santander SA (UK) (ES:SAN) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Banco Santander SA (UK) stock?

The P/E ratio of Banco Santander is N/A.

What is ES:SAN EPS forecast?

ES:SAN EPS forecast for the fiscal quarter 2025 (Q3) is 0.21.

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