The earnings call highlighted significant profit growth, strong capital metrics, and operational efficiencies, with successful global business performance. However, challenges in Argentina, Brazil, and Germany's regulatory environment were noted. The overall sentiment reflects a strong positive outlook with some regional challenges.

Company Guidance

During the Santander Q1 2025 Results Call, the company reported a record profit of €3.4 billion, a 19% increase from Q1 2024, signaling strong performance across all business units. Key financial metrics highlighted include a CET1 ratio of 12.9% and a ROTE of 15.8%, marking nearly a 2-point increase. The bank's diversified earnings stream and capital allocation strategy supported a €10 billion distribution target for 2025/2026, contingent on regulatory approvals. Revenue growth was up by 5%, with net interest income increasing by 4%, excluding Argentina, and efficiency gains contributing to an improvement in the cost-to-revenue ratio by around 1 point. The cost of risk improved consistently, with a stable credit quality trend reflected in a cost of risk of 1.14%. Santander's strategic focus on transformation and digital integration, including the successful launch of Openbank in Mexico and ongoing global platform rollouts, is driving operational efficiencies and customer growth. The bank reiterated its guidance for 2025, emphasizing continued profitable growth and value creation despite macroeconomic uncertainties.

Record Profit in Q1 2025

Santander achieved a record profit of €3.4 billion in Q1 2025, which is 19% higher than Q1 2024. All business segments contributed to this growth.

Strong Capital and Profitability Metrics

The CET1 ratio improved to 12.9% and return on tangible equity (RoTE) increased to 15.8%, demonstrating strong capital allocation and profitability.

Global Business Growth

Retail, Wealth, and CIB segments all showed strong revenue and profit growth, with retail revenue up 8% and CIB revenue in the U.S. up 23% year-on-year.

Operational Efficiency Improvements

The efficiency ratio improved by around 1 point, and cost to serve dropped by 5%. Digital sales increased by 23% year-on-year.

Successful Share Buybacks

Santander plans to distribute up to €10 billion to shareholders through share buybacks in 2025/2026, reflecting confidence in 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 (ES:SAN) report earnings?

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

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

Banco Santander (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 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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