The earnings call highlighted strong profit growth, increased revenue, and improved efficiency, with significant advancements in the U.S. and consumer segments. However, challenges in Argentina, regulatory impacts in Germany, and economic pressures in Brazil and Spain were notable concerns. Overall, the positive aspects significantly outweighed the negative, indicating a robust market position and strategic growth.

Company Guidance

During the Santander Q1 2025 Results Call, guidance was provided on several key financial metrics. The bank reported a record profit of €3.4 billion, a 19% increase compared to Q1 2024. Capital allocation has improved, with profitability reaching 15.8% post AT1 and a CET1 ratio of 12.9%. The bank aims to distribute up to €10 billion to shareholders through share buybacks for 2025/2026, subject to regulatory approvals. Santander's efficiency improved by about 1 point, and its ROTE increased by almost 2 points to 15.8%. Revenue grew by 5%, supported by a 4% increase in net interest income (NII), excluding Argentina, and record fees that grew by double digits. Expenses grew below revenue and inflation, and the bank reiterated its target of lower costs in current euros for 2025. The cost of risk improved consistently, and the bank's diversified business model and geographical reach were highlighted as stabilizing factors amidst varied economic environments. The strategic focus on retail and consumer banking, combined with digital transformation efforts, contributed to a 23% increase in digital sales and a 5% reduction in the cost to serve.

Record Profit Growth

Santander achieved a record profit of €3.4 billion in Q1 2025, which is 19% higher than Q1 2024, demonstrating strong business performance across all segments.

Strong Revenue and Efficiency Improvements

Revenue increased by 5% in constant euros, supported by a 4% increase in NII and double-digit growth in fees. Efficiency improved by 1 point, with ROTE increasing by almost 2 points to 15.8%.

Capital and Shareholder Returns

CET1 ratio improved to 12.9%, and Santander plans to distribute up to €10 billion through share buybacks for '25/'26, reflecting confidence in profitability and value creation.

Retail and Consumer Segment Growth

Retail profits grew strongly, driven by solid revenue growth, improved efficiency, and cost control. Digital sales increased by 23% year-on-year.

Wealth and Payments Performance

Wealth segment profits rose double digits with strong fee growth, while payments saw a 30% profit growth with double-digit revenue increase in PagoNxt and cards.

U.S. Market Expansion

Santander announced a multiyear partnership with Verizon in the U.S., contributing to a 23% revenue increase in CIB and strengthening market position.

Banco Santander SA (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 >

SAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.25 / -	0.216	―	―	―
Jul 30, 2025	2025 (Q2)	0.26 / 0.25	0.217	16.59% (+0.04)
Apr 30, 2025	2025 (Q1)	0.23 / 0.24	0.182	31.32% (+0.06)
Feb 05, 2025	2024 (Q4)	0.18 / 0.21	0.196	6.12% (+0.01)
Oct 29, 2024	2024 (Q3)	0.22 / 0.22	0.18	20.00% (+0.04)
Jul 24, 2024	2024 (Q2)	0.21 / 0.22	0.177	22.60% (+0.04)
Apr 30, 2024	2024 (Q1)	0.19 / 0.18	0.165	10.30% (+0.02)
Jan 31, 2024	2023 (Q4)	0.17 / 0.20	0.142	38.03% (+0.05)
Oct 25, 2023	2023 (Q3)	0.18 / 0.18	0.138	30.43% (+0.04)
Jul 26, 2023	2023 (Q2)	0.17 / 0.18	0.133	33.08% (+0.04)

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

SAN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$8.92	$8.75	-1.91%
Apr 30, 2025	$7.32	$7.00	-4.37%
Feb 05, 2025	$5.07	$5.56	+9.66%
Oct 29, 2024	$4.86	$4.73	-2.67%

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 (SAN) report earnings?

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

What is Banco Santander SA (SAN) earnings time?

Banco Santander SA (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 SAN EPS forecast?

SAN EPS forecast for the fiscal quarter 2025 (Q3) is 0.25.

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