NYSE$SAN
Banco Santander SA (US)-ADR · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Banco Santander reported a fifth consecutive record quarter, with strong income, robust profitability, and improved efficiency.
Banco Santander delivered solid Q2 2025 results, achieving record net income of €3.43B driven by broad-based strength across global businesses and strict cost control. EPS improved, efficiency reached a multi-year best, and RoTE rose year-over-year. Management reaffirmed full-year targets amid a complex macroeconomic backdrop.
- Net income reached €3.43B, a record fifth consecutive quarter
- EPS rose to €0.22, up from €0.21 in Q1
- Efficiency ratio improved to 41.2%, best in over 15 years
- RoTE (post-AT1) increased to 16.2% in Q2 2025
Headline financials
Revenue & EPS history
Banco Santander · Revenue · Quarterly
$17B
Forward guidance
Santander expects to meet its full-year 2025 targets, supported by solid income growth, improved cost efficiency, and healthy credit quality.
Tailwinds
- Strong fee and net interest income across most global businesses
- Cost efficiency programs delivering margin expansion
- Improved asset quality and lower NPL ratio
- Solid capital generation with CET1 at 13.0%
- Continued growth in active and digital customers
Headwinds
- Challenging macroeconomic and geopolitical environment
- Lower interest rates in Argentina and Europe impacting NII
- Credit provision increases in Brazil due to macro pressures
- Soft performance in Consumer segment from EU auto demand
- Increased market volatility affecting financial transactions income
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+5.1%
Avg return
30 days after
25%
9 / 36 earnings
Positive
+15.3%
Q2 2023
Best reaction
-8.1%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | -4.2% | +3.3% | |
| Q4 2025 | -0.3% | +2.1% | +6.9% | |
| Q2 2025 | -1.8% | -2.8% | +6.8% | |
| Q4 2024 | +9.5% | +9.0% | +31.8% | |
| Q3 2024 | -4.0% | -1.0% | -7.6% | |
| Q1 2024 | +0.0% | -4.2% | +2.0% | |
| Q4 2023 | +0.0% | -0.5% | +4.8% | |
| Q3 2023 | +0.0% | +6.3% | +15.9% | |
| Q2 2023 | +15.3% | +4.1% | -1.8% | |
| Q1 2023 | -3.9% | -10.1% | -13.2% | |
| Q4 2022 | +10.6% | +6.8% | +14.2% | |
| Q3 2022 | +0.0% | -4.7% | +6.6% | |
| Q2 2022 | +2.0% | +0.8% | -3.3% | |
| Q1 2022 | -7.3% | -13.5% | -4.8% | |
| Q4 2021 | +0.0% | +5.2% | -18.2% | |
| Q3 2021 | +0.8% | +0.0% | -18.4% | |
| Q2 2021 | -4.3% | -2.1% | +1.1% | |
| Q1 2021 | +4.4% | +4.1% | +15.0% | |
| Q4 2020 | +12.5% | +11.3% | +19.1% | |
| Q3 2020 | -1.5% | -2.4% | +41.3% | |
| Q2 2014 | +2.2% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q1 2014 | -3.4% | — | — | |
| Q3 2013 | -8.1% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q1 2013 | +0.7% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q3 2011 | -6.9% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q3 2009 | — | — | — | |
| Q2 2009 | — | — | — | |
| Q1 2009 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro