Business Segments Banco Santander, S.A.

Equities

SAN

ES0113900J37

Banks

Market Closed - BME Other stock markets 16:44:41 06/03/2026 GMT			5-day change	1st Jan Change
9.582 ^EUR	-1.23%		-13.66%	-4.85%

03-06	Santander VP Mendez de Vigo sells shares worth EUR2.4 million	AN
03-06	ECB unlikely to change rates in next meeting, Spain's Escriva says	RE

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Diversified Commercial Banks
Retail & Commercial Banking	-	-	-	26.62B	25.8B
Income Tax Expense	-	-	-	3.09B	2.81B
EBT	-	-	-	10.87B	11.17B
Operating Income	-	-	-	19.58B	18.9B
Net Income	-	-	-	7.26B	7.67B
Digital Consumer Bank	-	-	-	8.35B	8.56B
Income Tax Expense	-	-	-	295M	489M
EBT	-	-	-	2.23B	2.57B
Operating Income	-	-	-	7.73B	7.73B
Net Income	-	-	-	1.66B	1.74B
Corporate & Investment Banking	5.56B	7.14B	8.13B	8.17B	8.2B
Income Tax Expense	938M	1.12B	1.28B	1.06B	1.17B
EBT	3.25B	4.12B	4.57B	4.01B	4.21B
Operating Income	3.39B	4.5B	4.9B	4.54B	4.62B
Net Income	2.17B	2.8B	3.08B	2.74B	2.83B
Retail Banking (Including Real Estate Operations in Spain)	32.52B	32.48B	32.96B	-	-
Income Tax Expense	4.05B	2.93B	2.59B	-	-
EBT	13.26B	11.77B	10.87B	-	-
Operating Income	22.44B	24.12B	25.86B	-	-
Net Income	7.87B	7.95B	7.44B	-	-
Retail Banking	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Investment Funds
Wealth Management & Insurance	2.14B	2.59B	3.42B	3.62B	4.22B
Income Tax Expense	304M	347M	528M	531M	555M
EBT	1.25B	1.53B	2.24B	2.26B	2.71B
Operating Income	1.26B	1.57B	2.24B	2.35B	2.74B
Net Income	907M	1.12B	1.64B	1.65B	2.06B
Corporate Centre	-1.74B	-1.48B	-437M	-673M	-779M
Income Tax Expense	-242M	27M	36M	-162M	-190M
EBT	-2.28B	-2.02B	-961M	-1.32B	-1.28B
Operating Income	-1.93B	-1.86B	-829M	-1.06B	-983M
Net Income	-2.04B	-2.05B	-998M	-1.15B	-1.08B
Internet Merchant Services
Payments - Pagonxt	485M	909M	1.12B	3.79B	3.99B
Income Tax Expense	24M	63M	59M	464M	503M
EBT	-227M	-141M	-17M	969M	1.49B
Operating Income	-178M	-71M	49M	3.03B	3.65B
Net Income	-253M	-216M	-77M	413M	883M
Online Bill Payment Services
Santander Global Platform	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Unallocated Adjustments	-	-364M	-459M	-	-
Income Tax Expense	-182M	-	-213M	-	-
EBT	-713M	-	-239M	-	-
Operating Income	-	-37M	-224M	-	-
Net Income	-530M	-	-	-	-
Mortgage Bankers and Loan Correspondents
Real Estate Activity Spain	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Spain	5.17B	6.62B	8.61B	10.72B	10.85B
Total Assets	371B	489B	484B	507B	265B
Income Tax Expense	350M	518M	1.03B	1.68B	1.81B
Net Income	957M	1.56B	2.37B	3.76B	4.27B
EBT	1.31B	2.08B	3.4B	5.44B	6.08B
Operating Income	3.67B	4.24B	5.9B	7.7B	7.71B
Brazil	8.17B	8.49B	8.4B	9.05B	8.19B
Total Assets	159B	184B	220B	206B	87.65B
Income Tax Expense	2.03B	1.23B	776M	1.16B	836M
Net Income	2.32B	2.54B	1.92B	2.42B	2.17B
EBT	4.62B	4.06B	2.91B	3.83B	3.22B
Operating Income	7.65B	8.73B	8.57B	9.18B	8.49B
United States	6.96B	5.88B	4.62B	5.07B	5.68B
Total Assets	166B	195B	191B	209B	133B
Income Tax Expense	832M	478M	-69M	-56M	207M
Net Income	2.33B	1.78B	932M	1.11B	1.54B
EBT	3.65B	2.26B	863M	1.05B	1.75B
Operating Income	4.19B	4.02B	3.53B	3.75B	4.12B
United Kingdom	5.11B	5.1B	5.28B	5.15B	5.1B
Total Assets	348B	329B	323B	320B	243B
Income Tax Expense	627M	505M	563M	488M	486M
Net Income	1.57B	1.4B	1.54B	1.31B	1.31B
EBT	2.2B	1.9B	2.11B	1.79B	1.79B
Operating Income	2.27B	2.73B	2.78B	2.3B	2.51B
Mexico	2.79B	3.84B	4.76B	5B	5.07B
Total Assets	78.38B	92.64B	102B	97.62B	48.08B
Income Tax Expense	231M	407M	541M	598M	627M
Net Income	835M	1.21B	1.56B	1.67B	1.7B
EBT	1.13B	1.66B	2.12B	2.27B	2.34B
Operating Income	1.94B	2.55B	3.31B	3.61B	3.68B
Unallocated	4.81B	4.72B	4.71B	4.47B	3.78B
Total Assets	160B	151B	167B	174B	146B
Income Tax Expense	536M	549M	493M	255M	132M
Net Income	1.33B	1.31B	1.2B	642M	-313M
EBT	2.21B	2.24B	2.02B	1.13B	123M
Operating Income	2.93B	2.81B	2.88B	3.08B	2.33B
Poland	1.45B	2.03B	2.51B	3.04B	3.44B
Total Assets	49.79B	52.66B	60.92B	68.27B	40.2B
Income Tax Expense	150M	247M	377M	431M	402M
Net Income	161M	364M	674M	800M	949M
EBT	380M	789M	1.39B	1.65B	1.93B
Operating Income	984M	1.78B	2.32B	2.59B	2.69B
Chile	2.12B	2.05B	1.92B	2.1B	2.18B
Total Assets	71.99B	78.42B	77.17B	70.43B	39.92B
Income Tax Expense	230M	105M	135M	211M	189M
Net Income	637M	677M	582M	629M	729M
EBT	1.16B	1.06B	951M	1.11B	1.23B
Operating Income	1.51B	1.47B	1.26B	1.66B	1.8B
Rest of The Group	-	-	-	-	2.05B
Total Assets	-	-	-	-	25.32B
Income Tax Expense	-	-	-	-	30M
Net Income	-	-	-	-	300M
EBT	-	-	-	-	330M
Operating Income	-	-	-	-	654M
Portugal	1.3B	1.28B	1.9B	2.09B	1.97B
Total Assets	60.26B	59.22B	58.3B	59.53B	41.26B
Income Tax Expense	231M	240M	416M	478M	405M
Net Income	482M	534M	896M	1B	1.01B
EBT	714M	775M	1.31B	1.48B	1.42B
Operating Income	778M	793M	1.44B	1.55B	1.41B
Argentina	1.25B	1.7B	1.39B	2.2B	1.66B
Total Assets	12.83B	15.02B	10.47B	16.24B	8.03B
Income Tax Expense	35M	118M	117M	161M	216M
Net Income	274M	324M	386M	665M	433M
EBT	311M	443M	505M	827M	650M
Operating Income	587M	846M	769M	1.46B	1.27B
Other North America	23M	64M	61M	55M	-
Total Assets	533M	853M	1.2B	1.2B	-
Income Tax Expense	-7M	-17M	-5M	-34M	-
Net Income	-108M	-119M	-138M	-201M	-
EBT	-114M	-137M	-145M	-236M	-
Operating Income	-104M	-126M	-133M	-149M	-
Unallocated Santander Global Platform	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Other South America	565M	738M	852M	958M	-
Total Assets	13.54B	15.32B	17.32B	19.03B	-
Income Tax Expense	70M	94M	93M	80M	-
Net Income	92M	112M	150M	146M	-
EBT	162M	205M	241M	225M	-
Operating Income	223M	306M	441M	533M	-
Unallocated Adjustments	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Continental Europe - Santander Consumer Finance	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Total Assets	-	-218B	-200B	-181B	-
Corporate Centre	-1.74B	-1.48B	-437M	-673M	-
Total Assets	215B	262B	255B	241B	-
Income Tax Expense	-241M	27M	36M	-162M	-
Net Income	-2.04B	-2.05B	-998M	-1.15B	-
EBT	-2.28B	-2.02B	-961M	-1.32B	-
Operating Income	-1.93B	-1.86B	-829M	-1.06B	-
Other Europe	987M	603M	606M	647M	-
Total Assets	152B	28.21B	29.51B	29.5B	-
Income Tax Expense	4M	-18M	-13M	-10M	-
Net Income	-191M	-42M	-3M	-225M	-
EBT	-187M	-61M	-17M	-236M	-
Operating Income	294M	-38M	-35M	-42M	-
Uruguay	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Other Latin America	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Other Continental Europe	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Latin America	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Continental Europe	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-