Banco Bilbao Vizcaya Argentaria (BBVA) Return on Invested Capital [ROIC] (2011 - 2026)

For the year ended Dec 31, 2025, Banco Bilbao Vizcaya Argentaria reported Return on Invested Capital [ROIC] of 59.14%, up 3.35 percentage points from the prior year.

• Annual Return on Invested Capital [ROIC] has increased for three straight years, though with a five-year change of -60.43 percentage points (years ended Dec 2020 to Dec 2025).
• Across earlier years, Return on Invested Capital [ROIC] came in at 55.80% in the year ended Dec 31, 2024 (+1.48 pp), 54.32% in the year ended Dec 31, 2023 (+9.04 pp), 45.28% in the year ended Dec 31, 2022 (-31.41 pp) and 76.69% in the year ended Dec 31, 2021 (-42.88 pp).
• Quarterly Return on Invested Capital [ROIC] has ranged from 16.81% in the quarter ended Sep 30, 2021 to 76.83% in the quarter ended Jun 30, 2025 over the past five years.
• On a year-over-year basis, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of -8.09 percentage points over the last eight quarters.
• Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 31.54 percentage points in the quarter ended Jun 30, 2025, against a drop of 58.65 percentage points in the quarter ended Jun 30, 2026 at the low end.
• Per Business Quant, the preceding three quarters came in at 16.94% (quarter ended Mar 31, 2026), 39.83% (quarter ended Dec 31, 2025) and 69.54% (quarter ended Sep 30, 2025).