Banco Santander (ADR)
Connects local banking franchises across Europe and the Americas through five global businesses.
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Profile
Provides retail and commercial banking, consumer finance, corporate and investment banking, wealth and insurance, and payments across Europe and the Americas. Country franchises keep local balance sheets and regulation while five global businesses share products and platforms across markets.
Runs retail and commercial banking, digital consumer finance, corporate and investment banking, wealth and insurance, and payments through country franchises spanning Spain, other European markets, Latin America, the UK, and the US.
Combines local customer relationships and balance sheets with globally managed products and platforms. The model reuses technology and product capabilities across markets while preserving country-level operations and regulatory accountability.
Growth has come through acquisitions and brand integration, including major franchises in the UK, Brazil, and the US. The structure depends on coordinating local regulation, anti-money-laundering controls, data access, and capital across a multinational group; the five global businesses sit above nine country units and Digital Consumer Bank Europe.
Company facts
Key statistics
Year to date +21.5% · Average volume (30d) 16.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Mar 23, 2026 | Morgan Stanley | Upgrade | Equal Weight | Overweight |
| Feb 23, 2026 | RBC Capital Mkts | Upgrade | Sector Perform | Outperform |
| Jan 13, 2026 | Kepler | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.29 | $0.27 | −6.9% | $17.90B | $17.92B | +0.1% | −3.86% |
| Apr 29, 2026Q1 FY26 | $0.29 | $0.27 | −6.9% | $17.66B | $17.71B | +0.3% | +1.75% |
| Feb 4, 2026Q4 FY25 | $0.25 | $0.25 | 0.0% | $18.45B | $19.01B | +3.0% | −1.61% |
| Oct 29, 2025Q3 FY25 | $0.25 | $0.23 | −8.0% | $15.89B | $14.18B | −10.8% | −1.06% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $36.59B | $16.61B | $14.02B | $17.35B | $34.39B | $38.79B | |
| Gross profit | $14.98B | $12.61B | $11.21B | $13.68B | $14.20B | $15.54B | |
| Operating income | $6.01B | $5.12B | $4.61B | $5.70B | $5.83B | $5.62B | |
| Net income | $3.94B | $3.98B | $3.47B | $4.36B | $6.32B | $4.14B | |
| Diluted EPS | $0.24 | $0.25 | $0.22 | $0.28 | $0.42 | $0.28 | |
| Gross margin | 40.9% | 75.9% | 79.9% | 78.8% | 41.3% | 40.1% | |
| Operating margin | 16.4% | 30.8% | 32.8% | 32.8% | 16.9% | 14.5% |
Fiscal years (4-quarter sums)FY21 $71.26B · FY22 $66.02B · FY23 $82.63B · FY24 $92.67B · FY25 $84.57B
Balance sheet, Jun 30, 2026Cash & short-term investments $159.84B · Total debt $522.17B · Total assets $2.26T · Shareholders' equity $126.64B
Dividends
Raised for 4 straight years — most recently to $0.1716 from $0.1323 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 4, 2026 | May 4 | May 8 | $0.1716 | raised from $0.1323 |
| Oct 31, 2025 | Oct 31 | Nov 6 | $0.1323 | raised from $0.1241 |
| Apr 30, 2025 | Apr 30 | May 7 | $0.1241 | raised from $0.1085 |
| Oct 31, 2024 | Oct 31 | Nov 6 | $0.1085 | raised from $0.1015 |
| Apr 29, 2024 | Apr 30 | May 7 | $0.1015 | raised from $0.0858 |
| Oct 31, 2023 | Nov 1 | Nov 7 | $0.0858 | raised from $0.0651 |
| Apr 27, 2023 | Apr 28 | May 5 | $0.0651 | raised from $0.0575 |
| Oct 31, 2022 | Nov 1 | Nov 7 | $0.0575 | raised from $0.0541 |
Ownership
Shares outstanding 14.68B · Float 14.08B · 96.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 88.35M | 0.60% | 13F | Aug 13, 2026 |
| Goldman Sachs Group Inc | 47.11M | 0.32% | 13F | Aug 14, 2026 |
| FMR LLC | 41.37M | 0.28% | 13F | Aug 13, 2026 |
| Fisher Asset Management, LLC | 32.89M | 0.22% | 13F | Aug 4, 2026 |
| Mondrian Investment Partners Ltd | 19.39M | 0.13% | 13F | Jul 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- BBVA (ADR)
Closest cross-border peer across Spain, Mexico, CIB and payments
- Itaú Unibanco (ADR)
Broad Brazilian rival in retail, cards, wholesale and wealth
- HSBC (ADR)
UK and global wholesale rival with major wealth and payments reach
- Barclays (ADR)
UK universal-bank and global investment-banking rival
- Lloyds Banking Group (ADR)
Scale UK rival in retail, mortgages, commercial banking and motor finance
- JPMorgan Chase
Scaled rival in CIB, payments, US commercial banking and wealth
- Nu
Digital challenger in Brazil and Mexico retail banking and cards
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banco Santander (ADR) | $14.74 | +0.51% | $215.33B | 12.3 | 10.6 | 2.7 | +6.2% |
| BBVA (ADR) | $28.93 | −0.24% | $160.23B | 13.3 | 10.5 | 3.4 | +17.8% |
| Itaú Unibanco (ADR) | $7.50 | +0.13% | $82.66B | 9.6 | 9.9 | — | −51.6% |
| HSBC (ADR) | $104.30 | +0.76% | $355.80B | 14.9 | 11.9 | 2.8 | +32.2% |
| Barclays (ADR) | $26.91 | +0.15% | $90.56B | 10.2 | 6.1 | 2.2 | −55.9% |
| Lloyds Banking Group (ADR) | $5.95 | +0.42% | $85.92B | 13.7 | 8.6 | 3.3 | −64.8% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Nu | $14.32 | +0.21% | $69.26B | 19.3 | 14.4 | 3.6 | +66.0% |
| Median | 13.7 | 10.5 | 3.2 | +17.8% |