NYSE$SAN
Banco Santander SA (US)-ADR · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
Banco Santander reported record underlying Q2 profit of €3.8 billion with strong customer growth and efficiency gains.
Banco Santander delivered strong Q2 2026 results with underlying profit reaching €3.8 billion, up 17% year-over-year. The bank added over 12 million customers to reach 182 million total, improved efficiency to 42.8%, and achieved an underlying RoTE of 15.6%. Attributable net profit was €3.52 billion after restructuring costs, with revenue growth of around 9% in the quarter.
- Underlying Q2 profit €3.8 billion (+17% YoY), attributable profit €3.52 billion (+3% YoY).
- Total customers reached 182 million (+12 million YoY), including 4 million from TSB acquisition.
- Efficiency ratio improved 2.9 pp to 42.8%; underlying RoTE 15.6%.
- CET1 ratio at 14.0%; on track for 2026 targets with mid-single digit revenue growth expected.
Headline financials
Revenue & EPS history
Banco Santander · Revenue · Quarterly
€17.9B
Forward guidance
Reiterates 2026 targets excluding M&A: mid-single-digit revenue growth, lower costs in constant euros, profit above €14.1 billion, CET1 12.8-13%.
Tailwinds
- Strong customer activity and ONE Transformation driving efficiency and growth.
- All global businesses contributing to targets.
- Robust capital position supporting buybacks and distributions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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 | — | — | — |
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